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BUSINESS
May 7, 2012 | Al Haas
Scheduled to hit the showrooms around the end of June, the all-new, 2013 Dodge Dart is the latest addition to an avalanche of new and redesigned Chrysler vehicles that earned the recently bankrupt automaker nearly a half-billion dollars in the first quarter — more than it made all last year. And as good as this new compact sedan is, it ought to add even more to the bottom line of Chrysler and its partner, Fiat, the Italian carmaker that owns 58.5 percent of its stock. After all, compacts have 15 percent of the U.S. market and constitute the industry's fastest-growing segment.
NEWS
December 30, 2011 | By Inga Saffron, Inquirer Architecture Critic
This has not been a good year for despots. North Korea's Kim Jong Il met his maker, Egypt's Hosni Mubarak is under arrest, and Syria's Bashar al-Assad faces a future that looks rocky. But in Philadelphia, City Council members get to rule their districts with an iron hand - at least for now. Philadelphia is one of a dwindling number of big American cities where local legislators adhere to a courtly tradition called councilmanic prerogative. Like its royal antecedent, the prerogative grants the city's 10 district Council members the right to do as they please in their own patch.
NEWS
December 29, 2011
Some deserve a second chance Times are tough, but for those with nonviolent misdemeanors in their past, the tough times just won't release their grip. Pennsylvania legislators should seize the opportunity to provide such constituents with the chance they need to move toward self sufficiency by passing Senate Bill 1220 ("Pa. bill would let more get clean slate," Tuesday). This bipartisan initiative contains well-conceived checks and balances that will help ensure it applies to deserving ex-offenders.
BUSINESS
July 27, 2011 | By Scott Sturgis, For The Inquirer
2012 Fiat 500C Lounge: It's Luigi from the Pixar hit Cars . What could be better? Price as tested: $26,050 (Base price: $23,500) Marketer's pitch: A new Italian classic. Conventional wisdom: F.I.A.T. = Fix It Again, Tony? Reality: Cute and cuddly. Economical. Pretty, with classic good looks and lots of style. But not as all-out fun as the Mini Cooper, or even the Ford Fiesta. It's back: Fiat returns to U.S. shores as a part owner of Chrysler Corp.
NEWS
July 25, 2011 | ASSOCIATED PRESS
MILAN - Fiat Industrial, the Italian maker of trucks, farm and construction vehicles, has raised its 2011 forecasts after second-quarter profits soared 78 percent on higher sales volumes across all sectors. Fiat Industrial SpA posted a second-quarter net profit of (euro) 212 million ($304.86 million), compared with (euro) 119 million a year earlier. Fiat Industrial shares rose 3.3 percent to (euro) 9.28 in Milan trading Monday after the results were released. The company says it now expects revenues of (euro)
BUSINESS
May 31, 2011 | Associated Press
TORONTO - The chief executive officer of Chrysler and Fiat said Monday that he and Canadian authorities have begun talking about buying Canada's 1.7 percent ownership in Chrysler. The Canadian federal government and provincial Ontario government received 1.7 percent of Chrysler two years ago as part of a bailout that also provided $1.7 billion in loans to help the Detroit company survive. Chrysler Group L.L.C., already controlled by Fiat S.p.A., recently paid back the last of the money it borrowed from the Canadian and U.S. governments.
NEWS
November 8, 2010 | By Maria Panaritis, Inquirer Staff Writer
Second of three parts The sign hanging outside on Baltimore Pike still said Weathers Dodge, but inside, a new business was forming, by necessity, if not design: Weathers Motors. It was June 10, 2009, the morning after bankrupt Michigan automaker Chrysler eliminated 789 dealers across the nation to cut its cost structure and recharge under new Italian management. Larry Weathers Jr. and his son Larry III awoke somewhat relieved, even though midnight had marked the loss of their 78-year-old family Dodge franchise.
BUSINESS
March 28, 2010 | Compiled from The Inquirer, Associated Press, Bloomberg News
"Consumers are exhaling after the enormous loss of wealth from the recession. The intensive retrenchment that they were doing during the recession has ended. " - Citigroup's chief U.S. economist Robert DiClemente "If you're fraudulent, you deserve to be punished. " - jury foreman Hank Pierotti, after his federal jury said Pfizer Inc. must pay $142.1 million for racketeering fraud in the marketing of epilepsy drug Neurontin "I hope that financial markets will now act on fact and not on fiction.
BUSINESS
April 2, 2009 | By Al Haas FOR THE INQUIRER
For Italians, Fiat is an acronym for Fabbrica Italiana Automobili Torino. For many of us who owned Fiats during the automaker's last presence in this country, the acronym stood for Fix It Again, Tony. I know, the company that Chrysler may team up with is now the largest vehicle manufacturer in Italy, and it builds good machinery. But that wasn't the case the last time around. While some American motorists may have had decent luck with the fragile Fiats, most of us didn't, and it was that poor quality that eventually pushed the company out of this market in 1984.
NEWS
July 8, 2008 | By Colleen Barry, ASSOCIATED PRESS
MILAN, Italy - Fiat, Italy's largest automaker, plans to lay off workers at four of its six Italian plants for three one-week periods later this year due to the contracting automobile market. Unions were notified yesterday that Fiat would lay off mostly white-collar workers for one week a month from September-November at the Mirafiori, Melfi, Pomigliano and Termini Imerese plants. Production of models including Fiat's top-selling Grande Punto, the Lancia Ypsilon and Fiat Chroma will be affected by the slowdown.
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