Fiat has been acting fast and playing it hard to help Chrysler boost its number and return to profitability. Amid the uncertain recovery of the U.S. and the seesaw exchange rates, the new Chrysler CEO Sergio Marchionne is very optimistic that the company will be reversing its fortunes and be tallying profits as early as [...]

A United States bankruptcy judge approved on 31 July the acquisition of the assets of the Chrysler Group. The distribution goes to a health care trust associated with the United Auto Workers which takes 68%, Fiat has 20%, Canadian government gobbling 12%.
The judge who ruled on the case cited no alternative to the bankruptcy but [...]

After the collapse of the Getrag – Chrysler LLC deal, the state of Indiana puts the car manufacturer under the microscope for possible securities fraud. According to an insider, the investigation has started but there are no allegations or complaints made.
If the joint venture between the two companies pushed through, a $530-milliion transmission assembly plant [...]