Fiat | South China Morning Post
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  • Feb 1, 2015
  • Updated: 1:05am

Fiat

Fiat is a Turin-based carmaker that has also manufactured railway engines and carriages, military vehicles, and aircraft. As of 2009, the Fiat group – excluding its subsidiary Chrysler -- was the world's ninth largest carmaker and the largest in Italy. Sergio Marchionne is chief executive of both companies.

Amid organisational plans and charts, never underestimate the importance of one man's leadership

Sergio Marchionne is not a traditional "car guy" and has been described patronisingly as "mercurial". Photo: Reuters

This is a tale that should warm the hearts of everyone who is sceptical about the ability of business schools to teach you the essentials of business or sufficiently naive to put a modicum of trust in company reports from investment analysts.

Tuesday, 7 January, 2014, 11:44am

Fiat reaches US$4.35 billion deal to fully take over Chrysler

Fiat's plan to cut losses in Europe depends on its ability to deepen ties with Chrysler. Photo: Reuters

Italian carmaker Fiat struck a US$4.35 billion deal to gain full control of Chrysler, ending more than a year of tense talks that have obstructed chief executive Sergio Marchionne’s efforts to combine the two carmakers’ resources.

3 Jan 2014 - 1:39am

Fiat wins partial victory in bid to own all of Chrysler

Sergio Marchionne, chief executive of both Chrysler and Fiat. Photo: Reuters

Fiat won a partial victory on Tuesday in its path to a full buyout of Chrysler after a US judge accepted the Italian carmaker’s legal positions in two pivotal disputes with an autoworkers’ health-care trust that is a minority Chrysler shareholder.

31 Jul 2013 - 11:09am

Profit warning at thriving Chrysler hits parent Fiat

Workers at Fiat's Sevelsud plant in Atessa in central Italy. Fiat said on Tuesday it would freeze investments in new models until there is clarity over the impact of a court ruling that cast doubt on its labour relations. Photo: Reuters

Fiat’s US unit Chrysler, which generates most of the group’s net profit, cut its profit forecast as it struggled to fill orders due to parts shortages, hitting the Italian automaker’s shares.

Chrysler’s booming US sales have compensated for Fiat’s losses in Europe, where demand hit a 20-year low in the first half of the year.

31 Jul 2013 - 11:04am

Fiat halts new investments pending clarity on labour law

Since 2010, Fiat has rolled out investments at some Italian factories in exchange for concessions from labour unions for more flexible work conditions. Photo: Reuters

Fiat will put new investments on hold until it gets a clearer idea of the impact of a court ruling that a portion of Italy’s labour rules are unconstitutional, its chief executive, Sergio Marchionne, said on Tuesday.

10 Jul 2013 - 10:42am

Fiat raising US$10b for full move on Chrysler

Sergio Marchionne, Fiat and Chrysler chief executive

Fiat is in talks for as much as US$10 billion in financing from a pool of banks to buy the Chrysler stake it doesn't own and refinance the two firms' debt, people familiar with the matter said.

31 May 2013 - 4:41am

Ferrari surges in Japan amid economic revival

Ferrari registrations in Japan have increased to a 12-year high.

Japan is becoming Ferrari's next growth market. Registrations of Fiat's ultra-luxury brand rose 40 per cent to 144 vehicles in Japan last quarter, according to the Japan Automobile Importers Association. That is more than twice the growth in the US market, while demand is slumping in China, at home, and across Europe.

6 Apr 2013 - 4:36am

Fiat revs up plans to build Jeep in China

SUVs are a growing market segment on the mainland, so much so that Fiat might revive local production of the Jeep. Photo: Reuters

Fiat, majority owner of the Chrysler Group, plans to start making Jeeps in China again and might eventually make all of its models in the country, according to the head of both carmakers' operations in the region.

23 Oct 2012 - 4:19am

Briefs, October 10, 2012

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10 Oct 2012 - 4:25am

Fiat returns to mainland market with launch of new Viaggio compact sedan

The new Viaggio with a turbo-charged engine targets the mainland's younger drivers between the ages of 25 and 38. Photo: Bloomberg

Fiat staged a comeback to the mainland's car market yesterday with a new compact car, five years after the Italian brand dissolved its first Chinese joint venture.

14 Sep 2012 - 3:24am

Turbocharged tribute

At first sight, the Abarth 695 Tributo Ferrari seems just like any other urban runabout in To Kwa Wan.

Give or take a few go-faster stripes, the Abarth Scorpion and 'tribute' badges, this yellow three-door, four seater could pass for a pumped-up Fiat 500 - until you put your foot down.

20 Jul 2012 - 12:00am

Gucci gears up in style

The Fiat 500 has become one of the hottest selling cars in Hong Kong. Small, beautifully chic and a delight to drive around town, the four-seater saloon embodies everything that is so stylish and practical about Italian creativity and design.

7 Oct 2011 - 12:00am

Swire brings Italian flair to car market

Nearly a decade after it closed its last Hong Kong dealership, Swire Pacific is re-entering the local car market - this time as the exclusive distributor for Italy's Alfa Romeo and Fiat marques.

'For Swire, we picked Alfa and Fiat because we believe these two brands have huge potential here,' said George Lau, managing director of the newly established Swire Motors unit.

14 Sep 2011 - 12:00am

Gucci hits the road for birthday celebrations

Die-hard Gucci fans now have yet another option in logo-emblazoned goodies. It's a car in a collaboration between the Italian fashion house and Fiat, launched last week at Tsim Sha Tsui's Elements mall.

14 Sep 2011 - 12:00am

Offer to draw buyers

If you order a Fiat 500 over the border before its mainland launch on September 15, you might be offered a limited-edition First Edition, with Chinese characteristics.

29 Jul 2011 - 12:00am

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