Reuters - A growing team of Fiat SpA executives and engineers has been working at Chrysler's Detroit-area headquarters this week, finalizing plans to cut costs and ready the Fiat 500 small car for the U.S. market, people with knowledge of the work said.
DETROIT (Reuters) - A growing team of Fiat SpA executives and engineers has been working at Chrysler's Detroit-area headquarters this week, finalizing plans to cut costs and ready the Fiat 500 small car for the U.S.
Here's yet another piece of evidence that Apple is covertly developing an electric car: According to the CEO of Fiat Chrysler, Apple chief CEO Tim Cook is "interested in Apple's intervention in the car."
SpaceX, the space transport company founded by superhero entrepreneur Elon Musk, is a glamorous brand. It seems like quite an appealing place to work. After all, there aren't many companies out there trying to put people on Mars.
When Barack Obama was running for President—as opposed to, you know, being President—he criticized the Bush administration for not having a clear exit strategy in Iraq. It isn't too early for the new President and his advisers to start asking themselves that same question about Detroit.
Fiat SpA (FIATY) announced yesterday, that it had struck a $4.35 billion deal to purchase the remaining 41.5% stake in Chrysler Group LLC from the United Auto Workers’ (UAW) Retiree Medical Benefits Trust. The move puts Fiat in full control of Chrysler and effectively ends all plans for the carmaker’s initial public offering, which was expected to go ahead in the coming months.
Michigan Governor Rick Snyder on Thursday announced a state takeover of Detroit’s finances and appointed as manager a corporate bankruptcy expert who took a can-do attitude toward turning around the destitute city, calling it the “Olympics of restructuring.”
Kevyn Orr, an attorney who worked on the restructuring of Michigan-based automaker Chrysler, said as the city’s emergency financial manager he hoped to avoid a bankruptcy filing by Detroit, something that would rank as the biggest municipal bankruptcy in U.S. history.