Berglund Automotive , which has dealerships in Roanoke, Salem and Bedford, has added a new dealership that sells Fiats and is refreshing its image by renovating several showrooms. Work is ongoing at the Berglund SUV and Import Supercenter at 3530 Franklin Road in Roanoke, the site of the only Fiat dealership in central and Southwest Virginia, according to William Farrell, president of Berglund Automotive. Berglund bought the franchise rights to be the exclusive Fiat dealership in the region, he said.
Three decades ago, following years of owning and replacing one British Triumph roadster after another, I gave up on Mother England and purchased a used Fiat 124 Spider. As a fanboy of British-built Austins, Jaguars, MGs and especially Triumphs, I had been unswervingly loyal to the Union Jack. But I'd gotten tired of constant mechanical and electrical problems and convertible tops that were about as effective as a balloon made of gauze.
BLOOMBERG NEWS MILAN - Sergio Marchionne had what he called a "once in a lifetime" moment in 2009 when President Barack Obama selected Fiat to save Chrysler Group. The head of both automakers may be having flashbacks as the tables turn.
My first reaction upon seeing the new Fiat 500 was "Ciao, bello!" It's about time a little Italian style entered the subcompact segment. THE RUNDOWN
O n Oct. 11, after Senate Majority Leader Harry Reid had taken extraordinary measures to stall an embarrassing vote as long as possible, the Senate decisively rejected President Obama's "jobs" plan. The same day, in Pittsburgh, Mr. Obama explained to his union allies that he would move forward regardless. "We're not gonna wait for Congress," Mr. Obama explained. "We can act administratively without additional congressional authorization and just get it done." Now we know that part of what he meant was yet another mortgage bailout - one that will cost bond investors billions - via subsidized refinancing. This remarkable disregard for the rule of law and proper constitutional procedures fit a familiar pattern in this administration: What it cannot achieve legislatively it will attempt to ...
Chrysler Group LLC is planning to build the Fiat 500 small car at a plant in Mexico, according to a report Monday. The automaker could also build an engine for the 500 at a plant in Trenton, Mich., and is weighing building another compact car similar to the 500 in the U.S., according to The Wall Street Journal. Chrysler spokesman Gualberto Ranieri declined to comment.
Chris Nikel has come full circle. The owner of a Fiat dealership 40 years ago reopened a Fiat dealership in August. Chrysler Group LLC announced the grand opening of the dealership, at 3737 S. Memorial Dr., on Tuesday. Chris Nikel Fiat joins more than 100 Fiat Studios across the U.S., said Dan Mahoney, general manager at the dealership.
After disappearing from the American new-car marketplace 28 years ago, Fiat is back with a line of retro-styled, mini-runabouts. The Italian automaker, in partnership with Chrysler Group LLC, is assembling a nationwide dealer network, with one of the newest stores opening in Industry.
Fiat's sporty new subcompact 500 model has reached dealers in Eastern Pennsylvania, but don't bother looking for the four- passenger Italian car in any Chrysler dealership in Western Pennsylvania. Two dealerships that planned to join the Fiat network -- Hillview Motors Inc. of Hempfield and Diehl Automotive Group of Butler -- dropped their plans, Chrysler Group LLC spokesman Ralph Kisiel said.
MILAN (Reuters) - A plan by Fiat Spa to convert preference and savings shares into ordinary shares will reduce the cost of equity and remove a potential hurdle to a merger with Chrysler, which is now majority owned by the Italian carmaker. Fiat and its sister company Fiat Industrial said late on Thursday [Oct. 27] the proposed conversion would streamline the capital structure and simplify governance for both groups. Analysts said the plan was moderately earnings-enhancing as it would reduce the total number of issued shares and eliminate the cost of higher dividends for holders of savings and preference shares.
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