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Report: Fiat Takeover of Chrysler Begins With News that 500C Engine will be Built in Michigan
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Fiat’s plan to gobble up all of Chrysler has taken its first step forward since the Italian automaker rescued the struggling America manufacturer from bankruptcy liquidation. Currently Fiat owns 20 percent of Chrysler and has the ability to take a 35 percent share of the company if it meets three specific criteria: building a fuel-efficient…
Report: Chrysler Ends Engine Alliance With Mitsubishi and Hyundai
In a brief statement, Chrysler has announced that the Global Engine Manufacturing Alliance (GEMA) is now entirely owned by the U.S. automaker, with both former partners, Mitsubishi and Hyundai, having sold their parts of the company. This may sound like a dull bit of business news, but it could most certainly have a big impact…
