Fiat

UAW Chooses Fiat Chrysler as Its Target to Set Pattern for a Contract Deal

UAW Chooses Fiat Chrysler as Its Target to Set Pattern for a Contract Deal

The United Auto Workers (UAW) has planned to accelerate its bargaining efforts with Fiat Chrysler Automobile NV to form a template for new labor contract. The UAW disclosed its decision on Sunday.

The decision of choosing Fiat Chrysler’s FCA US unit as the target company for shaping the new contract was disclosed by the union on Sunday. The decision has kick-started the intense negotiation period which is expected to focus on a two-tier wage system that has financially benefitted auto makers but ranked workers.

The current contract of UAW with Fiat Chrysler, General Motors Co. and Ford Motor Co. expires on Monday. The labor talks between the union and Detroit's auto makers routinely extend beyond that deadline.

Fiat Chrysler Asks Georgia Judge for New Trail in 1999 Jeep Grand Cherokee Fire Case

Fiat Chrysler Asks Georgia Judge for New Trail in 1999 Jeep Grand Cherokee Fire

Fiat Chrysler Automobiles asked a Georgia judge for a new trail almost a month after a jury awarded $150 million to the family of a 4-year-old Georgia boy burned to death in a 1999 jeep Grand Cherokee fire.

Fiat Chrysler says the death of 4-year-old Remi Walden in a Jeep gas tank fire is not worth the $150 million awarded by a jury.

Remi was killed in 2012 while riding in a booster seat in the back of the Grand Cherokee that was stopped and waiting to turn left.

The gas tank leaked and engulfed the Jeep in flames when the driver of a Dodge Dakota ran into the rear of the Grand Cherokee. Witnesses could only watch in horror as Remington burned to death.

Fiat India planning to launch Linea T-Jet in June in India

Fiat India planning to launch Linea T-Jet in June in IndiaAutomotive giant, Fiat India might be planning to launch its Turbo-Jet Fiat Linea model again this June in the country.

The new Linea T-Jet will be powered by imported 1.4 litre turbo petrol engine that will offer power output of 118 bhp and a high torque output of 207 Nm. The new engine in the front wheel driven car will come with a
5-speed manual gearbox. The company will also offer disc brakes on all the four wheels offering greater control of the high power and torque.

Fiat's merger with Chrysler expected in 2014: CEO

Fiat's merger with Chrysler expected in 2014: CEORome, Feb 4 - Fiat CEO Sergio Marchionne has said that he expects to
complete the merger of the Italian carmaker with its US partner
Chrysler in 2014.

"We will succeed in doing it," Marchionne said in an interview Sunday with the chief editor of La Repubblica national newspaper.

"With Veba (the United Auto Workers union retiree health benefits fund,
a Chrysler shareholder) we have different opinions on the value of
Chrysler but will solve the problem in 2014," he added.

Fiat aims to have 80 dealerships of its own by March

Fiat aims to have 80 dealerships of its own by March Fiat aims to open 80 dealerships of its own across India by March, as the company is already in the process separate from Tata Motors in sales operations.

Fiat India Automobiles Ltd (FIAL), the Italian company's wholly-owned Indian division, has already started hiring nearly a force of 100 people for customer facing duties.

Ravi Bhatia, Vice President (Commercial) at FIAL, said that the company would have its own dealerships in almost all parts for the country.

Fiat to expand presence in Indian auto market

Fiat to expand presence in Indian auto marketItalian auto major, FIAT is planning to boost its presence in the Indian market with the launch of new Chrysler models as well as some models from premium Alfa Romeo and Maserati brands.

FIAT had acquired a majority stake in US automaker, Chrysler about three years ago and will now launch modes under the brand in India to attract more customers. Chrysler officials recently traveled to India to prepare for the launch of SUV, Jeep Grand Cherokee in the country.

Volkswagen eyes Alfa Romeo

Volkswagen eyes Alfa RomeoWhile one the one end, the Italian auto major, FIAT SpA is planning to shed the Alfa Romeo brand from its portfolio, the latest buzz in the global automobile circuit supports the fact that the German carmaker, Volkswagen AG is gearing to up to pick up the luxury brand.

It is to be mentioned here that the German auto industry newspaper automobilwoche recently reported that Volkswagen is eying an acquisition of the Alfa Romeo brand from FIAT.

There is no denying to the fact that Alfa Romeo is a globally recognised brand with sporty genes and a great tradition.

Tata takes FIAT more seriously

Tata-FIATAfter ensuring that the passenger car venture of Fiat is sailing on a smooth sea, it has been learned that Tata Motors is exploring synergies with Italian partner Fiat to expand its commercial vehicles business.

There is no denying the fact that the Mumbai-based auto major sees a very strong potential for the trucks business in the domestic and global market and is currently is trying to see how Fiat can help.

Flat pitches made India-SL Test series 'dull': Akram

Flat pitches made India-SL Test series 'dull': Akram The recent test series between India and Sri Lanka has been described, by former Pakistan captain Wasim Akram, as a fairly gloomy event, because of the docile tracks, with Sachin Tendulkar’s incredible form being the only turn on.

The fast bowlers have particularly disappointed Akram in this match played in Sri Lanka.

Although be believed that the match result (1:1 draw) was reasonable yet he considered the match dull with a very few exceptional excellent performances.

FIAT India registers a fall in sales

FIATFIAT, the 50:50 JV between Tata Motors and Fiat has recently registered a fall in its July numbers in unit sales.

While the sales in the month July fell by 6%, it is to be mentioned here that the Fiat India's total sales (including exports) of FIAT branded vehicles in July, 2010 stood at 2,489.

However, the company's cumulative sales (including exports) for the fiscal currently stands at 9020 vehicles as against 7867 vehicles sold last year which is still up by 14% but the fall in sales is surely a surprise for Fiat as the entire industry is on a growth trajectory.

FIAT India to export to SAARC countries

Fiat-Grande-PuntoAfter proving its mettle in the Indian market with products like Linea and Grande Punto which have been able to make a lot of noise in the sedan and hatchback segments respectively, FIAT India has now decided to export its models to the SAARC Countries as well to garner high numbers for the company.

Company's Marketing Head Tarun Khanna recently said that the company is weighing options of exporting its cars, namely, Palio, Linea and Punto in SAARC countries including Nepal, Bhutan, Sri Lanka and Bangladesh.

Fiat launches the most powerful diesel hatch

Fiat launches the most powerful diesel hatchAfter making its presence felt in the Indian market via the Linea and Punto, Fiat has taken a step ahead in its offering to the Indian consumer by launching the new diesel variant of its small car, Grande Punto, priced at Rs 6.79 lakh (ex-showroom price, Delhi).

According to the company, the claim to fame for this model is the 1.3-litre multijet engine that would give a mileage of 20 km per litre but it will yet be the most powerful diesel hatchback model in the Indian market.

FIAT manages to sell only 65 units of FIAT 500 since launch

FIAT manages to sell only 65 units of FIAT 500 since launchIt's been close to two years that FIAT made its India foray with the launch of the FIAT 500, but the product has just managed to sell 65 units in the Indian market.

The fact that FIAT has been lagging behind as far as its sales for 500 is concerned testifies the fact that Indian consumer can afford to buy expensive cars and which explains the successful run luxury car makers like BMW, Audi and Mercedes Benz have been selling in India and runs more after the image.

FIAT looks at a bright options in India

FIATThe Italian auto maker Fiat SpA that started sourcing components from the Indian market for its global ambitions close to two years ago has now decided to make its India strategy even more aggressive to expand the business from next year.

FIAT India on a roll

FIAT-LogoWhen FIAT entered India for the third time a couple of years back, many experts were sceptical of its optimism and ambitions. However, the years gone by have proved the critics wrong as the Italian automaker has been able to establish a cushy position for its self in the Indian market.

Continuing its success, the Indian subsidiary of the Italian passenger car major has been able to file a growth of 57% in sales for the month of April 2010 over the same period last year. It may be noted here that Fiat India's total domestic sales in April 2010 stood at 1,800 which was way up as compared to 1,205 vehicles sold in April 2009.

FIAT-Chrysler looks towards India

FIAT-Chrysler looks towards IndiaThere is no denying that FIAT has been able to gain some ground as far as its third comeback is concerned but the company still no plans to bring Chrysler products on to the Indian turf in the short run.

However, the duo has turned towards the Indian economy in a big way as far as sourcing components from the Indian market is concerned. Moreover, according to the new five-year plan which the Fiat top management executives made public to investors in Turin last week, the company will be looking at Best Cost Countries (BCC) to keep a control over the costs in the coming times.

Fiat plans to divest itself of its industrial operations

Fiat plans to divest itself of its industrial operationsAccording to analysts, Italian automaker Fiat SpA said on Thursday it would divest itself of its industrial operations, creating even stronger ties with Chrysler Group.

Chief Executive Officer Sergio Marchionne in Turin, Italy, while unveiling the firm's five-year plan, said, "Today, Fiat enters a new chapter in its history and takes on a new shape. The time is now right to proceed with a spinoff," said.

Fiat To Spin Off Its Industrial Unit

FiatAuto manufacturer Fiat will separate its industrial business and sell it on the bourse by 2010 end as it eyes to produce six million cars annually by 2014.

The separated farming and construction equipment business would be referred as "Fiat Industrial," with an opening stock sale projected by 2010 end.

Sergio Marchionne, chief executive officer of Fiat made this announcement on Wednesday.

Income from the car-manufacturing facility will surge to 51 billion euro from 26.3 billion euro during the last year.

Group sales will total 93 billion euro by the next four years.

GM, Hyundai, Tata and FIAT’s products set to be expensive by April 1

GM, Hyundai, Tata and FIAT’s products set to be expensive by April 1As the BS-IV norms will come into effect from the 1st of April, the auto makers have finalised plan to make the hole in the consumers' pocket even bigger in size. Under the BS-IV norms, all of the automakers present in the country would necessarily need to upgrade the products according to emission norms and hence it would make the affair expensive for the consumer at the end of the day.

FIAT aiming to launch another hatchback for India

FIAT aiming to launch another hatchback for IndiaFIAT India, a 50:50 JV between the Italian automaker FIAT and the home-grown Tata Motors, is aiming to launch another hatchback priced in the range of Rs. 3 lakh - 3.5 lakh in the Indian market by the end of 2011. FIAT India's CEO Rajeev Kapoor has recently confirmed the fact that the company is working on a small car for the Indian market which will be launched by the end of next year or maximum by early 2012.




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