November 25, 2013 |
WASHINGTON -- Fiat on Monday said it would postpone an initial public offering of Chrysler Group stock until early 2014. The move ends an attempt to sell shares owned by a United Auto Workers trust by the end of this year to help resolve a dispute over the value of that stock, which was obtained as part of the company's 2009 bankruptcy and restructuring. The federal government led the effort to remake Chrysler as part of a $12.5-billion bailout that, along with the $51-billion rescue of General Motors Co., was designed to save the U.S. auto industry during the depths of the Great Recession.
January 20, 2009 |
A quarter of a century after saying arrivederci to America, Fiat may be poised for a U.S. comeback. The huge Italian conglomerate, which sells vehicles under the Fiat, Alfa Romeo, Lancia, Maserati and Ferrari nameplates, has been looking for a tie-up with another carmaker for some time. After reported discussions with the French company that makes Citroen and Peugeot appeared to go nowhere last year, Chrysler may be its next dance partner.
November 16, 2012 |
Fiat will use the Los Angeles Auto Show to add three new versions of the diminutive 500. On Friday we got a first look at one of them. Following the green trend that is common for automakers at the L.A. show, Fiat will be bringing an all-electric version of its sub-compact, dubbed the 500e. Details on the car won't be available for another week, but it's clear from the photos that it will have push-button automatic (or perhaps a CVT) transmission not found on other 500s, as well as various exterior changes like a new front bumper and wheel design.
July 26, 2012 |
"Tonight Show" host Jay Leno will auction off his 2012 Fiat 500 Prima Edizione at the Pebble Beach Concours d'Elegance next month. Leno, an avid automobile collector, has asked Santa Monica auction house Gooding & Co. to sell the car at the Concours, a celebrity-studded collector car showcase. Leno is using the auction to raise money and awareness for the Fisher House Foundation, a nonprofit organization that provides services and support to...
June 21, 2009
Re: "Chrysler presents a big test for Fiat," June 11: In December, Fiat agreed to pay $17.8 million to settle U.S. claims that some of its subsidiaries gave illegal kickbacks to the former Iraqi government under the United Nations oil-for-food program. Between that and the terrible reputation for quality that Fiat had when it left the U.S. in the 1980s, I don't believe that appointing Fiat Chief Executive Sergio Marchionne head of Chrysler is in shareholders' best interest. Vicky Nissen Marina del Rey
May 26, 2012 |
The car: 2012 Fiat 500 Abarth The power: 160 horsepower and 170 pound-feet of torque from a 1.4-liter, inline, turbocharged four-cylinder engine routing power to the front wheels via a five-speed manual transmission. The photos: 2012 Fiat 500 Abarth The speed: Zero to 60 mph in 6.6 seconds, according to Road & Track. The bragging rights: Peppiest little squirt on the road. The price: $22,700 is the base entry fee; $26,050 as tested.