General Motors and Fiat have agreed to begin a period of mediation to resolve the future of the loss-making Italian auto group.
General Motors executives are said to be meeting with their Fiat counterparts today for talks likely to focus on the possible sale of the Italian giant's auto business.
Fiat chairman Luca di Montezemolo has denied media reports the company wants to scrap its partnership with General Motors (GM), which owns a 10% share.
The original Fiat Multipla was so distinctive it took real courage to buy one. Now that Fiat has done away with the frog-like front end it stands a chance of gaining the popularity it deserves, at least until fellow six-seaters like the Honda FR-V and Mazda5 arrive next year
Fiat Auto has today reported an 11% increase in third quarter sales to €4.5 billion (£3.1 billion) -compared with the same period last year - and cut its operating loss 18% to €270 million (£188 million).
The Panda 4x4, on sale in the UK from January, will help Fiat to get a grip as it climbs back after a dismal period.
Stilo is a good model in a sector that demands cars are nothing short of exceptional; that’s why sales haven’t been as strong as Fiat hoped.
A Pan-European sales and service system is being introduced by Fiat as part of a E20 million investment programme aimed at improving standards for customers.
Fiat Auto UK is in the process of introducing an integrated sales, service and maintenance system called Fiat Link throughout its dealer network.
Fiat dealers are remaining confident that the carmaker will return to profit, according to Andy Rowe, commercial director for Fiat.
Fiat’s new Multipla is to go on sale in the UK on Saturday.
Ion Group, the marketing contact specialist, has been appointed to handle all UK sales lead management for Fiat Auto UK.
Lexus has been named as the best car to sell by Sewells’ Dealer Attitude Survey.
Fiat Auto UK has announced prices for its new Multipla MPV, which goes on sale in the UK on Saturday August 28 with calmed-down front styling.
Fiat Group has reached an agreement to sell its car service network Midas in Europe and South America to privately-owned French Norauto Group for €47.5m.
Italian job closes in on French rivals
Fiat has reported an operating profit of €18m (£12m) for the second quarter to June compared with a shortfall of €25m (£17m) last year, despite worse-than-expected losses at its car business.
Fiat Auto and Microsoft are joining forces for a long-term strategic automotive partnership, developing telematics solutions. The telematics systems produced will allow users’ cellular phones, Pocket PC or Windows Mobile systems to integrate with the vehicle via Bluetooth and voice-activated access to data including digital music through a USB connection.
Sir Tom Cowie has made a surprise return to the motor industry at the age of 80 with Gainmanor Fiat in Tyneside.
Fiat has introduced its new Multipla, which it first showed at this year's Geneva Motor Show.
