A delegation of Fiat SpA
was in Tehran in February to hold talks on joint ventures with IKCO.
According to the report, at the time of appointment Tata's name was proposed by the Agnelli family, which then controlled IFIL, a company that held 30 per cent stake in Fiat Spa
. He was one of the three independent directors appointed then and remains the only Indian to serve on the board of the Italian auto giant.
Fiat may have to raise between EUR2bn and EUR4bn in new capital, Reuters said, quoting a research report by US investment bank Morgan Stanley (NYSE:MS).Country: Italy, USASector: Motor VehiclesTarget: Chrysler Group LLC, Fiat SpABuyer: Fiat SpA
, Exor SpAVendor: VEBAType: Merger, StakebuildingFinancing: Existing resourcesStatus: Bidding, Talks
Fiat's wholly-owned subsidiary Fiat Finance and Trade Ltd is planned to issue the notes as part of the group's Global Medium Term Note Programme guaranteed by Fiat SpA
A brief Fiat SpA
statement said Luca Cordero di Montezemolo will announce his resignation as chairman at a news conference at Turin headquarters later in the day.
The 12-strong delegation of Fiat SpA
company arrived on Monday and visited Iran Khodro's production line in the capital.
UAW VEBA, a trust of auto workers, holds over 41% in the US carmaker.Country: USASector: Motor VehiclesTarget: Chrysler Group LLC Buyer: Fiat SpA
Vendor: UAW VEBAType: Corporate acquisitionStatus: Agreed
New Delhi, April 21 -- The American automobile maker Chrysler which was rescued by the Italian automaker Fiat SpA
during the troubled times might go into the Italian group's holding with the group set to buy another 16 percent of the company.
(NYSE: FIA)(ISE: IT0001976403), an Italy-based automaker, has temporarily halted production at its factory in Serbia.
(NYSE: FIA)(ISE: IT0001976403), an Italy-based automaker, is launching its new 500X at the 2014 Paris Motor Show scheduled to be held in October 2014.
(NYSE: FIA)(ISE: IT0001976403), an Italy-based automaker, is launching its new Linea sedan in 2015, Autonews has reported.
(NYSE: FIA)(ISE: IT0001976403), an Italy-based automaker, has completed its acquisition of VM Motori, an Italian firm, after purchasing 50 percent of the diesel engine manufacturer.