Turin
TURIN, Italy - Fiat shareholders on Thursday approved the separation of the auto and industrial vehicle businesses into two distinct companies, a key step toward CEO Sergio Marchionne's goal of creating a global car company with Chrysler LCC.
MILAN - Italy, opera's birthplace, is no stranger to drama.
TURIN, Italy - Fiat CEO Sergio Marchionne announced Wednesday that Fiat will separate its industrial vehicle and auto businesses into two distinct companies in order to "give birth" to a global automotive company - including its alliance with Chrysler LCC - that aims to build 6 million cars annually by 2014.
DETROIT - Chrysler Group LLC says cost cuts, manufacturing efficiency and disciplined pricing helped the Italian-run automaker slash its net loss to $197 million in the first quarter.
DETROIT - Chrysler Group LLC lost a staggering $3.8 billion from the time it left bankruptcy protection June 10 through the end of last year, but the automaker says its fortunes improved dramatically in the first quarter.
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