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Fiat

February 14, 2011

John Elkann, head of family-controlled Fiat, has taken over as chief executive of the family’s investment company Exor, adding to his current role of chairman.

John Elkann, head of family-controlled Fiat, has taken over as chief executive of the family’s investment company Exor, adding to his current role of chairman.

In a statement, the Turin-based investment company said that besides Elkann’s appointment as chief executive, it had also appointed its first chief investment officer. Tobias Brown, former investment officer for late billionaire Sir James Goldsmith, is to take over Exor’s worldwide investment activities.

February 8, 2011

Chief executive of carmakers Fiat and Chrysler, Sergio Marchionne, is facing wrath from Italy and the US for his comments on shifting Fiat’s headquarters, and describing the interest rates charged on American bailout loans as “shyster”.

Chief executive of carmakers Fiat and Chrysler, Sergio Marchionne, is facing wrath from Italy and the US for his comments on shifting Fiat's headquarters, and describing the interest rates charged on American bailout loans as "shyster".

January 13, 2011

Turin and Wolfsburg might not have much in common at first glance, writes David Bain.

Turin and Wolfsburg might not have much in common at first glance, writes David Bain.
 
For one thing, Wolfsburg is in Germany and has a population of just over 100,000, whereas Turin is in Italy with nearly one million inhabitants. It's probably also fair to say that the temperament of each other's citizens might have little in common.  
 
But there is one thing that unites both of these towns – car making.
 

January 4, 2011

Fiat, the Italy-based conglomerate controlled by the Agnelli family, could increase its share in US car company Chrysler to up to 50%, according to remarks made by its non-family CEO Sergio Marchionne.

Fiat, the Italy-based conglomerate controlled by the Agnelli family, could increase its share in US car company Chrysler to up to 50%, according to remarks made by its non-family CEO Sergio Marchionne.

"I don't know whether it is likely, but it is possible that we will go over 50% if Chrysler decides to go to the market in 2011," Marchionne said, according to the Financial Times. Although he was careful to note a merger between the two companies was not under consideration.

October 1, 2010

Ferdinand Piëch, Volkswagen’s chairman and grandson of Ferdinand Porsche, said he would be keen to acquire Alfa Romeo, one of Europe’s most famed car brands which is owned by Fiat.

Ferdinand Piëch, Volkswagen's chairman and grandson of Ferdinand Porsche, said he would be keen to acquire Alfa Romeo, one of Europe's most famed car brands which is owned by Fiat.
 
Piech (pictured), speaking at the Paris motor show, said VW would be "interested in taking over Alfa Romeo" to add to the 10 marques the carmaker already owns.
 
Sergio Marchionne, Fiat's chief executive, responded by saying: "None of our cars are up for sale."
 

September 17, 2010

Fiat, the Italy-based conglomerate controlled by the Agnelli family, gained approval form its shareholders on 16 September to split its industrial business from the car manufacturing unit to create two separate companies.

Fiat, the Italy-based conglomerate controlled by the Agnelli family, gained approval form its shareholders on 16 September to split its industrial business from the car manufacturing unit to create two separate companies.
 
Fiat will comprise the group's car brands including Fiat, Ferrari and Maserati, while Fiat Industrials is to be made up of the company's Iveco trucks unit, which makes farm and construction equipment.
 

July 22, 2010

The family-controlled Fiat Group announced yesterday it has returned to profit in the second quarter of 2010 thanks to a strong performance from its truck and agricultural equipment divisions.

The family-controlled Fiat Group announced yesterday it has returned to profit in the second quarter of 2010 thanks to a strong performance from its truck and agricultural equipment divisions.

April 30, 2010

Italy’s Agnelli family, owner of automobile giant Fiat, confirmed yesterday that fourth-generation family member Andrea Agnelli will become the president of Italian football club Juventus in the summer.

Italy's Agnelli family, owner of automobile giant Fiat, confirmed yesterday that fourth-generation family member Andrea Agnelli will become the president of Italian football club Juventus in the summer.

April 21, 2010

John Elkann, fifth-generation family member of the founding Fiat family, has been elected as chairman of the Fiat Group. The 34-year-old told reporters that today was "a very important day for Fiat and me."

John Elkann, fifth-generation family member of the founding Fiat family, has been elected as chairman of the Fiat Group. The 34-year-old told reporters that today was  "a very important day for Fiat and me."
 
The formal announcement came this morning during Fiat's investor day, although non-family CEO Sergio Marchionne told a press conference yesterday of the schion's promotion.
 

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