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Wednesday, July 10, 2013

Fiat News (7/10/13)



Fiat Announces Italy Van Investment, Puts More on Hold
Wall Street Journal
Fiat SpA (F.MI) Tuesday announced a 700 million euro ($900.24 million) investment plan for a van plant shared with PSA Peugeot-Citroen SA (UG.FR) in Italy, but warned it would suspend further investments in its home country until it had obtained ...
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Fiat Industrial One Step Closer to Merger With CNH
Wall Street Journal
TURIN, Italy--Fiat Industrial SpA's (FI.MI) shareholders Tuesday approved a proposal that brings the Italian truck and engine maker a step closer to completing an operation begun more than a year ago to create a single company with its U.S. unit, CNH ...
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Fiat halts new investments pending clarity on labor law
Chicago Tribune
ATESSA/TURIN, Italy (Reuters) - Fiat SpA will put new investments on hold until it gets a clearer idea of the impact of a court ruling that a portion of Italy's labor rules are unconstitutional, its chief executive, Sergio Marchionne, said on Tuesday.
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Fiat and Peugeot will invest in Sevel for five more years
Reuters
MILAN, July 9 (Reuters) - Italian carmaker Fiat said on Tuesday it will invest 550 million euros ($707.55 million) to build light trucks in Italy over the next five years, while its partner Peugeot will invest 150 million euros. Fiat and Peugeot will ...
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Fiat Industrial-CNH Merger Approved
Zacks.com
Fiat Industrial, the parent company of CNH Global NV (CNH - Snapshot Report), recently inched a step closer to fully merge with CNH after almost all of its shareholders voted in favor of the cash-and-share merger offer to buy the remaining 12 ...
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Fiat exercises option to purchase more Chrysler stock
Fort Wayne Journal Gazette
Fiat already owns 58.5 percent of Chrysler, with the remaining 41.5 percent held by a trust that pays medical bills for retired United Auto Workers union members. The Italian company wants to buy all of the trust's stock and fully merge Chrysler and Fiat.
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