
Italy's Fiat may have to turn to its U.S. partner Chrysler for some help riding out economic headwinds, the Financial Times said Saturday. Fiat, which holds a 62-percent stake in Chrysler, is faced with a serious downturn in auto sales in Europe and is looking to Chrysler for some financial assistance. The FT said Chrysler has about $10 billion in cash Fiat could have access to in the near future. Fiat is the largest employer in Italy, but its annual sales in Italy are down by about half of what they were in 2000, and plants have cut operations to about 53 percent of capacity, Italy's ANSA news service said.
GMT 22:53 2018 Thursday ,13 December
Indian Minister of Trade meets with UAE Ambassador, Chairman of Emaar PropertiesGMT 13:41 2018 Thursday ,06 December
Tyre maker Continental opens lab to extract rubber from dandelionsGMT 15:23 2018 Friday ,30 November
Paper industry around famous Chinese lake to be shut down by 2019GMT 11:13 2018 Sunday ,18 November
Electricx 2018 kicks off with participation of over 20 countriesGMT 16:34 2018 Tuesday ,13 November
Amazon announces new headquarters in New York and WashingtonGMT 16:51 2018 Monday ,12 November
Egypt's exports to Nile basin countries reached EGP 19.9 bln in 2017: CAPMASGMT 08:11 2018 Friday ,09 November
Kaspersky Lab CEO suggests replacing cybersecurity with 'cyber-immunity'GMT 14:00 2018 Thursday ,08 November
Namibian enterprise endeavours to seize opportunities at China import expoMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor