Post Tagged with: "merger"

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GM CEO Barra says mergers are a no go

GM CEO Barra says mergers are a no go

General Motors is writing out the possibility of a merger or acquisition, even as the automotive industry is faced with upcoming evolutions that might change its face forever and certain rivals have called for further consolidation. Just last week, merger-guru Fiat Chrysler Automobiles chief executive officer Sergio Marchionne again pointed […]

Chrysler merger with Fiat is on track

Chrysler merger with Fiat is on track

Fiat said that its merger with Chrysler is on track after a tally of shareholders votes showed there are no derailments to the plan, a crucial step in the Italian carmaker’s turnaround strategy. Sergio Marchionne, Fiat’s CEO, wants to merge the two auto makers into a Dutch-registered company called Fiat […]

Fiat to keep 500 million euro merger limit

Fiat to keep 500 million euro merger limit

Fiat SpA has announced the company has no intentions of calling another shareholders’ meeting to axe, raise or modify the already set 500 million euro (397.50 million British pound) cap it established for stake owners that want to bail out. Fiat SpA and Chrysler Group LLC chief executive officer Sergio […]

FCA merger – who was for and who was against

FCA merger – who was for and who was against

The August 1 shareholder meeting at Fiat SpA concluded with a two-third majority in favor of the planned merger between the Italian automaker and its US subsidiary Chrysler Group LLC. While chief executive officer Sergio Marchionne was confident of the positive result, about 8% of the shareholders present at the […]

FCA CEO blames the media for share sell off

FCA CEO blames the media for share sell off

Fiat Chrysler’s chief executive Sergio Marchionne has thrown the blame for the recent share sell-off on the media, accusing the press stories to be overblown and generally featuring a “lack of understanding” of the ongoing merger. Because traders were worried of the outcome of the merger between Fiat SpA and […]