Saturday, June 25, 2011
Article navigation: Home /
Automotive business News /
Chrysler /
Fiat
/ Chrysler prepares to build small car that may increase Fiat stake
Chrysler prepares to build small car that may increase Fiat stake
Saturday, June 25, 2011
[
ที่
8:10 PM
|
Leave a Comment
|
Filed under
Automotive business News ,
Chrysler ,
Fiat
]
DETROIT : June 24, 2011 - Chrysler Group LLC said it plans to begin test production in the second half of this year of the small car that will trigger U.S. government requirements to increase Fiat SpA (F)’s ownership stake.
Tooling for the small Dodge brand car goes into Chrysler’s Belvidere, Illinois, assembly plant in August, Fred Goedtel, head of Chrysler’s assembly operations, said in an interview this week in Sterling Heights, Michigan.
“We’ll start pilots in the fall” and official production begins “sometime” in the first quarter, he said.
Design work on the car, which is the vehicle Chrysler expects will trigger the final government ownership milestone, is done, Ralph Gilles, head of Chrysler design, said in an interview in Chelsea, Michigan, yesterday. “The company is really focused on it,” he said of the vehicle.
Turin, Italy-based Fiat is consolidating control over Chrysler. Fiat is buying the U.S. Treasury Department’s final stake in the U.S. automaker, acquired as part of Chrysler’s 2009 bankruptcy reorganization. That purchase will raise Fiat’s stake to 52 percent on a fully diluted basis. Chrysler must test and commit to building a vehicle in the U.S. that achieves 40 mpg to gain another 5 percent stake.
Its deal with the U.S. and Canada allowed Fiat to gain as much as 35 percent in Chrysler without paying cash in exchange for giving management experience and technology to Chrysler and achieving various performance milestones. The 40 mpg vehicle is the final such milestone.
Fiat also exercised an option to purchase 16 percent of the Auburn Hills, Michigan-based company after Chrysler repaid the U.S. and Canadian government loans in May.
Sergio Marchionne, chief executive officer of both automakers, has said he expects Fiat will get its final 5 percent tied to the 40 mpg car by year’s end. The small Dodge car is being based on Fiat’s Alfa Romeo Giulietta technology, Marchionne has said.
Gilles said the new Dodge model’s name was decided earlier this week. He declined to provide the name.
[Source : BLOOMBERG]
Subscribe to:
Post Comments (Atom)
Google Plus
site search :
eNews & Updates
Sign up now to receive news and to hear what's new with Thai Automaxx Reloaded!
Sponsors :
Tags
- 2009 Frankfurt Motor Show (55)
- 2009 Geneva Motor Show (69)
- 2009 NAIAS (15)
- 2009 NY Auto Show (16)
- 2009 SEMA (9)
- 2009 Tokyo Motor Show (14)
- 2010 Dakar Rally (16)
- 2013 LEXUS GS 350 (1)
- A.R.T. Tuning (2)
- Abarth (4)
- ABT (54)
- AC Cars (1)
- AC Schnitzer (14)
- Accessories (1)
- Acura (18)
- Alfa Romeo (22)
- ALMS (1)
- Alpina (4)
- AMG (45)
- Ariel (1)
- Asean (10)
- ASMA (1)
- Aston Martin (50)
- Audi (235)
- Audi Mileage Marathon (4)
- Auto China (8)
- Auto tuning (123)
- Autodelta (1)
- Automotive business News (124)
- Awards (15)
- Bentley (43)
- BloodhoundSSC (1)
- BMW (148)
- BorgWarner (1)
- Brabus (24)
- Brazil (4)
- Breaking News (1)
- Brilliance (4)
- Bufori (1)
- Bugatti (9)
- Buick (5)
- BYD (4)
- Cadillac (11)
- Caparo (2)
- Cargraphic (2)
- Carlsson (8)
- Caterham (3)
- Chery (2)
- Chevrolet (47)
- Chicago Auto Show (7)
- China Automotive News (90)
- Chrysler (34)
- Citroen (35)
- Concept Car (55)
- Concours d’Elegance (1)
- Corvette (5)
- CRD (1)
- Dacia (9)
- Daewoo (5)
- Daihatsu (4)
- Dakar (1)
- Dakar Rally (1)
- Design (8)
- Dodge (23)
- Dome (1)
- Driving Technology (6)
- DS Automotive (1)
- DTM (37)
- Ducati (7)
- e-WOLF (2)
- ECO Friendly (61)
- edo competition (1)
- Electric-Hybrid (87)
- ENCO (1)
- Endurance (1)
- Engine Technology (31)
- Euro NCAP (1)
- Europe (1)
- F1 (29)
- FAB (2)
- FAW (1)
- Fenix (1)
- Ferrari (17)
- FIA GT1 (6)
- FIA GT3 (4)
- Fiat (59)
- Fisker (6)
- Ford (159)
- Formula 1 (37)
- Frankfurt Motor Show (33)
- G-Power (12)
- G8 Summit (2)
- Games (4)
- Geely (1)
- Gemballa (15)
- Geneva Motor Show (30)
- GM (82)
- GMC (7)
- Great Wall Motor (3)
- GTA (1)
- Gumpert (5)
- Hamann Motorsport (19)
- Harley Davidson (1)
- Hartge (2)
- HKS (1)
- Holden (7)
- Honda (143)
- Honda Motorcycle (3)
- Hummer (2)
- Husqvarna (1)
- Hybrid (18)
- Hyundai (59)
- IFR (1)
- India (12)
- Indonesia (5)
- Infiniti (43)
- Irmcher (1)
- Isuzu (3)
- Iveco (1)
- ja (1)
- Jaguar (35)
- Jeep (10)
- JJAD (1)
- Kahn Design (7)
- Kia (74)
- Kicherer (4)
- Koenigsegg (1)
- KTM (9)
- KW (1)
- Lamborghini (37)
- Lancia (4)
- Land Rover (14)
- Le Mans (9)
- lexus (43)
- Lincoln (7)
- Lorinser (6)
- Lotus (35)
- Luxgen (3)
- Malaysia (2)
- Manhart (2)
- Mansory (5)
- Maserati (20)
- Maybach (2)
- Mazda (110)
- McLaren (28)
- MEC Design (1)
- Mercedes Benz (125)
- Mercedes-Benz (81)
- Mercury (1)
- MG (3)
- Michelin (1)
- Mini (32)
- Mitsubishi (59)
- Mitsuoka (1)
- Monster Tajima (1)
- MORGAN (1)
- Moscow Motor Show (1)
- Motorcycle (28)
- Motorsport (440)
- MTM (17)
- MV Agusta (2)
- NAIAS (14)
- New York Auto Show (19)
- Next Model (1)
- Nissan (171)
- Nurbergring (1)
- Oettinger (3)
- Opel (29)
- Overfinch (1)
- Pagani (2)
- Paris Motor Show (13)
- Pebble Beach (1)
- Peugeot (52)
- Philippines (1)
- Pininfarina (5)
- Pontiac (4)
- Porsche (105)
- PPI (2)
- Prindiville (1)
- Prodrive (2)
- Proton (4)
- Protoscar (2)
- Qoros (2)
- Range Rover (9)
- Recall (5)
- Renault (108)
- Renault-Samsung (4)
- Renntech (1)
- Reva (1)
- Rinspeed (7)
- Roewe (2)
- Rolls-Royce (10)
- RUF (3)
- SAAB (16)
- Safety (31)
- SAIC (5)
- Saleen (3)
- Scion (12)
- Scoop (2)
- Seat (53)
- Shaghai Motor Show (1)
- Simbol (1)
- Singapore (1)
- Skoda (31)
- Smart (33)
- Special Vehicle (1)
- SPI (1)
- Spyker (7)
- Spyshot (14)
- Ssangyong (3)
- SSC (3)
- Statistic (7)
- Steinmetz (3)
- Stile Bertone (1)
- Subaru (67)
- SUPER GT (12)
- Suzuki (51)
- Taiwan (2)
- TATA (6)
- Techart (27)
- Technology (3)
- Tesla (5)
- Thailand Automotive News (68)
- Think (6)
- Toyota (130)
- trident (1)
- Triumph (1)
- Vauxhall (24)
- Venturi Volage (1)
- Video (45)
- Vietnam (4)
- Volkswagen (245)
- Volvo (82)
- VUHL (5)
- WALD (5)
- WEC (7)
- Workshop (1)
- WRC (37)
- WTCC (2)
- Yamaha (1)
- ZAP (1)
- Zele (1)
Archives
- October (2)
- September (46)
- August (12)
- October (1)
- September (34)
- August (24)
- July (20)
- May (1)
- April (5)
- September (19)
- August (22)
- July (30)
- June (30)
- April (30)
- March (38)
- February (53)
- January (62)
- December (13)
- August (7)
- May (11)
- April (20)
- March (23)
- February (60)
- January (32)
- September (36)
- August (55)
- July (51)
- June (58)
- May (61)
- April (37)
- January (2)
- December (54)
- November (10)
- March (26)
- February (92)
- January (110)
- December (87)
- November (87)
- October (103)
- September (134)
- August (108)
- July (102)
- June (105)
- May (110)
- April (118)
- March (177)
- February (170)
- January (129)
- December (119)
- November (179)
- October (192)
- September (156)
- August (120)
- July (172)
- June (91)
- May (40)
ความคิดเห็น
0 Responses to "Chrysler prepares to build small car that may increase Fiat stake"Post a Comment