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Fiat profit falls on weak Europe, Latam sales
Fiat SpA, the parent of Chrysler Group LLC, said profit plunged in the second quarter as weak results in Europe and Latin American together with a tax charge related to U.S. earnings wiped out improvements in Asia and an increase in sales of luxury Ferrari and Maserati models.
Fiat reports drop in second-quarter sales
Fiat SpA, whose shareholders vote in two days on merging the Italian carmaker with U.S. unit Chrysler Group LLC, reported profit that missed estimates as sales fell in Brazil, the company's second-biggest market.
June, July 2009 timeline: Beginning of recovery
A day after GM's bankruptcy filing, automakers report a 34% decline in May U.S. sales.
FCA merger considered bad for investors
Although the shareholder meeting that would approve Fiat SpA's merger to its US subsidiary, the Chrysler Group, looks like a done deal, there are still those who advise against it.
The Washington Post
Fiat Jumps on Report of Potential Takeover Talks With Volkswagen
Fiat SpA rose the most in six months after a German magazine reported that discussions had taken place on a potential takeover of the Italian company by Volkswagen AG.
Agnelli family could gain more power after FCA merger finalizes
According to a regulatory filling with the US Security Exchange Commission, the founding Agnelli family could gain even more power within the group once the merger between Fiat SpA and Chrysler Group LLC is done.
Shareholder meeting to decide on Fiat Chrysler merger
Back in January, CEO Sergio Marchionne happily announced that Fiat SpA managed to purchase the remaining stake to fully own its US subsidiary Chrysler Group LLC. The merger process, which would see the creation of Fiat Chrysler Automobiles NV is a long one, as the new entity - the seventh largest global automaker - is a huge multinational ... (more)