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Fiat to Invest $7 Billion in Brazil


Fiat plans to invest $7 billion by 2016 in Brazil, according to CEO Sergio Marchionne. Brazil is Fiat’s second largest market after Italy and CEO Dan Akerson has already informed Brazilian president Dilma Rousseff about this investment during a meeting in Brasilia. He said that the investment will be used to expand production of cars, trucks, engines and heavy equipment. Marchionne ...
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More marchionne articles

Chrysler’s First Quarter Profit Down 65% Due to New Vehicle Launches
Chrysler reported first quarter profit down 65% due to new vehicle launches. "We remain on track to achieve our business targets, even as the first-quarter results were affected by an aggressive ...
Sergio Marchionne’s Challenger grabs $175,000
The custom Dodge Challenger SRT8 owned by Sergio Marchionne was recently auctioned at the Barrett-Jackson, last weekend, for 175,000 USD. The Chrysler CEO Sergio Marchionne has decided to say goodbye to ...
Fiat Has Enough Money to Buy Chrysler
Fiat CEO Sergio Marchionne ruled out an increase in capital to buy the rest of Chrysler’s stake. "There is no need at the moment for a capital increase for the merger ...
Fiat CEO Sergio Marchionne Investigated Over Violation of Worker’s Rights
Fiat announced that CEO Sergio Marchionne is being investigated over allegations of violation of labor rights in Italy. Friday, March 29th, the public prosecutor of Nola Marchionne and another group manager ...
Alfa Romeo might develop BMW 5-Series rival
The Italian based automaker Alfa Romeo is planning to develop a rival for the BMW 5-Series which might make its way onto the market in 2015. The E-segment model is currently ...
Marchionne Asks Banks’ Help to Purchase Chrysler
Fiat-Chrysler CEO Sergio Marchionne asks banks to help him with his plan to acquire the rest of Chrysler’s shares. According to sources familiar with the news, Marchionne had told bankers that ...
Fiat Discusses With Banks For Chrysler Purchase
Fiat is currently discussing with banks the financing options as it prepares to buy the rest of Chrysler stake. Fiat and Chrysler CEO Sergio Marchionne has had talks with banks to ...
Fiat Plans to Finalize Chrysler Acquisition in 2014
Fiat CEO Sergio Marchionne said he expects Chrysler’s acquisitions to be finalized in 2014. “We will resolve it in 2014,” said Sergio Marchionne at a forum in Turin. In July Fiat offered ...
Marchionne Wants Fiat to Buy Chrysler As Soon As Possible
Fiat CEO Sergio Marchionne said the Italian company would like to see VEBA sell its Chrysler stake as soon as possible. Currently Fiat owns 58.5% of Chrysler, while VEBA, the United ...

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