Fiat SpA, the Italian carmaker that owns 20 percent of Chrysler Group LLC, may boost the holding to more than 50 percent before an initial public offering by the U.S. automaker, the companies’ chief executive officer said. Continue reading Fiat may hike Chrysler stake to 51% before IPO, sees no merger

CEO Sergio Marchionne says Fiat’s Italian business will be unprofitable this year. Photo credit: Reuters Continue reading Fiat dealers bracing for ‘sad Christmas’ seek help from Marchionne

CEO Sergio Marchionne says Fiat’s Italian business will be unprofitable this year. Photo credit: Reuters Continue reading Fiat dealers bracing for ‘sad Christmas’ seek help from Marchionne