Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Odd News

Obama backs Chrysler restructuring, even with bankruptcy

Apr. 30, 2009
Obama blasts recalcitrant debt-holders and says the U.S. will provide up to $8 billion to the automaker, which filed for bankruptcy today. It is expected to form an alliance with Italy's Fiat. Reporting from Los Angeles and Washington Martin Zimmerman -- President Obama announced today that...
Related Stories from UPI.com

Obama sees GM, Chrysler surviving

WASHINGTON, April 29 (UPI) -- U.S. President Barack Obama said Wednesday he is optimistic Chrysler and General Motors will survive as viable automobile companies.
Fiat would manage bankrupt Chrysler

Fiat would manage bankrupt Chrysler

AUBURN HILLS, Mich., April 29 (UPI) -- U.S. auto giant Chrysler LLC would have its management shifted from Michigan to Italy in the event of bankruptcy, people connected to the negotiations said.

Fiat deal may pivot on bailout funds

AUBURN HILLS, Mich., April 13 (UPI) -- Italian automaker Fiat could end up with money from a U.S. bailout program that would help it form a partnership with Chrysler LLC.

Fiat creates Barbie car

MILAN, Italy, March 31 (UPI) -- Italy's Fiat automobile company has announced the creation of a new Fiat 500 show car dedicated to Mattel's bestselling fashion doll, Barbie.

Fiat won't assume Chrysler debt in deal

DETROIT, March 21 (UPI) -- Italian automaker Fiat will not assume any government debt incurred by U.S. carmaker Chrysler LLC, the companies say.

Fiat may be planning spinoff of auto unit

TURIN, Italy, Feb. 26 (UPI) -- Italian transportation company Fiat SpA may spin off its resurgent auto division after injecting $8 billion into it, a published report said Monday.

Fiat, Tata to make cars in India together

RANJANGAON, India, July 25 (UPI) -- Italy's Fiat SpA and Tata Motors plan a joint venture to make the Fiat Punto, a popular small car, at an idle factory in western India.

Ford, Fiat to build cars together

MILAN, Italy, Sept. 9 (UPI) -- Ford Motor Co. and Italy's Fiat Auto SpA plan to build a new car using Fiat's existing Panda vehicle as a platform.

Fiat to take GM to court in financial row

TURIN, Italy, Feb. 2 (UPI) -- Italy's ailing Fiat automaker said Wednesday it would go to court to force General Motors Corp. to honor a deal to buy the rest of the unprofitable business.

Strike stalls all production for Fiat

TURIN, Italy, April 30 (UPI) -- An ongoing workers' strike has ground production at Italian automaker Fiat to a complete halt, bellaciao.org reports.
Your Daily Horoscope
The almanac
1 of 28
Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler