Fiat's Trucks Unit Signs Deal With SAIC
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Fiat SpA said Tuesday that its Iveco SpA trucks unit has agreed to develop a long-term partnership with Shanghai Automotive Industry Corp., one of the largest Chinese automakers, for building trucks and other industrial vehicles.
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General Motors Corp. agreed Sunday to pay Fiat SpA &#36;2 billion to resolve a contract dispute, allowing the U.S. carmaker to divest its stake in Fiat's troubled auto unit and revise the companies' business relationship.
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German auto giant Daimler and India's Hero Group have agreed to form a joint venture to produce light, medium and heavy duty commercial vehicles for the Indian market, Daimler said Friday.
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U.S. buyout firm Cerberus Capital Management  won approval from the European Commission on Tuesday to buy U.S. carmaker Chrysler from DaimlerChrysler .
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Fiat's board is due to meet on Sunday, a  source close to the company said, as newspapers reported that  the Italian carmaker was close to settling a long-running  wrangle with U.S. partner General Motors.
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Lockheed Martin announced today it has entered into a license agreement with HMT Vehicles Ltd.
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ROME -- General Motors Corp. agreed yesterday to pay Fiat SpA $2 billion to resolve a contract dispute, allowing the US carmaker to divest its stake in Fiat's troubled auto unit and revise the companies' business relationship.
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Troubled Italian automaker Fiat Auto reported an 11 percent increase in third quarter sales to 4.5 billion euros (5.7 billion dollars) compared with the same period last year and cut its operating loss 18 percent to 270 million euros.
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Italian industrial giant Fiat on Thursday reported a 78 percent jump in 2007 net earnings, a performance that confirmed a pronounced turnaround for the group.
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SHANGHAI, Sept. 7 -- Chrysler lured its second high-profile executive in as many days, appointing SAIC Motor's Phil Murtaugh as chief executive of its Asian operations Friday.
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TURIN/DETROIT  - Fiat FIA.MI and General Motors  GM.N on Sunday dissolved their five-year partnership with the  U.S. auto giant paying the Italian group 1.55 billion euros ($2  billion) in cash to avoid having to buy loss-making Fiat Auto.
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The Italian Fiat group can exercise from a disputed option to sell 90 percent of its fragile car making subsidiary to US giant General Motors, after months of still-unresolved wrangling and threats of legal action.
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Shanghai Automotive Industry Corp (SAIC), one of China&#39;s biggest vehicle producers, clinched a much-heralded final deal with creditors of Ssangyong Motors yesterday to take over the No 4 South Korean automaking firm.
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Fiat cede a Piazza Affari, allâindomani del mancato accordo con General Motors sullâesercizio dellâopzione di vendita della divisione auto del Lingotto al colosso Usa. Con la richiesta di avviare la
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Fiat's board of directors will meet in a bid to resolve a dispute with General Motors over an option to sell Fiat's auto business to the US carmaker.
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TOKYO Isuzu Motors, Japan&#39;s largest truck maker, said Thursday that two of the nation&#39;s three largest trading companies would buy its shares, as the company&#39;s earnings recover from a slump in 2002 that required a bailout from five banks.
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MILAN  - Top officials from Fiat of Italy and General Motors were conferring in a bid to settle differences on Fiat&#39;s option to sell its loss-making car operation to the US auto giant, a dispute that threatens their four-year-old collaboration.