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Agnelli family member to become Fiat chairman
Wed, 21 Apr 2010Fiat S.p.A. said that Agnelli family heir John Elkann will become chairman and that Italy's biggest carmaker will separate its car-making business from trucks and tractors. Elkann, 34, is the grandson of former chairman Giovanni Agnelli and is vice chairman and head of the family's holding company.
Holden to build new Astra-based car in 2010
Tue, 23 Dec 2008Holden to build new Astra-based car in 2010 By Ben Pulman First Official Pictures 23 December 2008 16:31 Holden will start building an all-new small car in Australia from 2010. It’ll be based on GM’s Delta small car platform, which underpins the new Vauxhall/Opel/Saturn Astra and Chevrolet Cruze, and this solitary teaser picture reveals next-gen Astra design cues grafted onto a three-box saloon shape. No.
Some secured lenders object to quick sale of Chrysler
Mon, 04 May 2009A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.