Fiat will temporarily suspend production at its Pomigliano plant in southern Italy from Oct. 16-27 amid weak demand. The Fiat Panda minicar is built at the factory.
Tag Archives: Fiat
Fiat Plans to Sell Withdrawal Shares With New York Listing
By Tommaso Ebhardt and Flavia Rotondi
Fiat SpA will sell shares acquired from investors exiting the company before its merger with Chrysler Group LLC to raise funds and boost trading liquidity.
Fiat’s Chrysler merger payout cap won’t be waived or raised
Fiat will not call a shareholders’ meeting to waive or raise the €500 million ($668 million) limit it has set for paying out dissenters in its merger with Chrysler, the carmaker said Tuesday.
CEO Sergio Marchionne wants to incorporate the two carmakers into Dutch-registered Fiat Chrysler Automobiles, paving the way for a U.S. listing to help fund an ambitious investment plan at the world’s No. 7 auto group.
shareholders selling out reports are ‘groundless’ says Fiat
Fiat said that Italian media reports about a significant number of its shareholders having exercised their exit rights, a move that could potentially jeopardize the carmaker’s merger with its U.S. unit Chrysler, were unfounded.
Fiat shareholders approve Chrysler merger
Fiat shareholders today approved the automaker’s merger with Chrysler in a move that seals the end of Fiat as an Italian company.
