Fiat SpA plans to invest as much as 9 billion euros ($12.3 billion) on new models to end European losses in three years and revive nearly empty Italian factories, two people familiar with the matter said.
Chrysler Group LLC’s inability to resolve a routine tax issue quickly enough led the automaker to delay its initial public offering until next year, according to three people with knowledge of the matter.
Chrysler Group LLC’s initial public offering was delayed after the automaker wasn’t able to resolve a routine tax issue quickly enough to complete the sale this year, three people with knowledge of the matter said.
Fiat SpA is set to gain the upper hand in negotiations to buy a health-care trust’s holding in Chrysler Group LLC if the final value for the American carmaker remains around the level currently being discussed.
Ever since Sergio Marchionne snuck in to see the “The Graduate” as an underage teen in the 1960s, he’s had a soft spot for Alfa Romeo, the maker of the Spider Duetto convertible Dustin Hoffman’s character drove in the film.