Chrysler Group reports full-year 2012 net income of $1.7-billion

Chrysler Group LLC reported preliminary net income of $1.7-billion for the full year 2012, up from net income of $183-million a year ago, exceeding the guidance provided earlier in the year. Full-year 2011 Adjusted Net Income(a) was $734-million, after

Read more »

Melfi plant to produce two new vehicles

Chairman John Elkann and CEO Sergio Marchionne - with Prime Minister Monti in attendance - presented at the Fiat plant in Melfi, plans for the production of a new Jeep brand vehicle and a new Fiat brand vehicle beginning in 2014.

Following an investment

Read more »

Fiat and Mazda announce co-operation program

Fiat Group Automobiles  S.p.A. (Fiat) and Mazda Motor Corporation (Mazda) have signed a non-binding Memorandum of Understanding (MoU) for the development and manufacturing of a new roadster for the Mazda and Alfa Romeo marques based on Mazda’s next-generation

Read more »

Chrysler Group first quarter 2012 net income more than quadrupled to $473-million

Chrysler Group LLC reported preliminary net income of $473-million for the first quarter of 2012, up more than 300 per cent from $116-million a year ago, driven primarily by its 40 per cent increase in US retail sales.

“Another positive quarter – built on sales gains

Read more »

Opening ceremony in Serbia for Fiat’s most advanced car plant

Mirko Cvetkovic, Prime Minister of the Republic of Serbia, together with Sergio Marchionne, CEO of Fiat SpA, inaugurated the new Fiat car production facility in Kragujevac.

More than 150 guests from the political and business arenas attended the ceremony together

Read more »