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Christian Plumb

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Fiat Denies Talks about New Alliances

Ferrari owner Fiat has denied it is in talks about striking a major new alliance with other carmakers after a newspaper said its strained partnership with General Motors Corp. was about to crumble.

Fiat Spinoff Idea Gathers Steam

A plan to spin off the cash-burning auto operations of the Fiat group was gathering steam, newspapers said on Saturday, although the question of who would fund a standalone Fiat Auto loomed large.

Fiat Faces More Trouble after Rating Cut to Junk

Italian industrial group Fiat's uphill road to recovery just got steeper. In the latest blow to the crisis-rocked company, credit ratings agency Moody's Investors Service today downgraded $15 billion in Fiat debt to junk and highlighted how its woes have stretched beyond the crisis-hit auto unit.

Fiat Signs 3 Bln Euro Convertible Loan

Automaker Fiat have reached final agreement on a 3.0 billion euro mandatory convertible loan with a group of mostly Italian banks, clearing the way for a cash infusion for the struggling group.