According to banking sources, Fiat will sign a refinancing loan of 1.95 billion euro with nine banks by the end of this month.
The 1.95 billion euro loan will help Fiat ...
Fiat tries to refinance its own loan and Chrysler’s before it acquires the rest of the US automaker.
Analysts predict that Fiat will refinance the loans before the summer to take ...
Auto sales in Italy dropped 7.98% in May to 136,129 units, according to the country’s Transport Ministry.
In April auto sales in Italy dropped 10.83%, after a decline of 19.8% for ...
Exor SpA, the holding company controlled by the Agnelli family, which also controls Fiat, sold its stake in SGS SA to Groupe Bruxelles Lambert for 2 billion euro.
Exor will use ...
Fiat CEO Sergio Marchionne reassured Italy’s industry minister at their meeting today, May 31st, that it will not cut jobs in the country.
Minister Flavio Zanonato has met today Fiat CEO ...
Fiat said it did not try to reach an out-of-court agreement with VEBA for the price of the rest of Chrysler’s stake.
Currently Fiat owns 58.5% in Chrysler and has the ...
According to Bloomberg, Fiat is in talks for a $10-billion financing from several banks, money it needs to buy the rest of Chrysler stake.
Relying on anonymous sources, the Bloomberg report ...
Fiat-Chrysler CEO Sergio Marchionne will meet Italy's Industry Minister Flavio Zanonato, Friday, May 31st, to take about the US automaker’s purchase.
Fiat might issue a convertible bond to be able to ...
Fiat’s shares increased more than 4% today, May 28th, to a new peak since August 2011, due to speculation on Chrysler deal.
Today Italian newspaper published reports according to which the ...