Business Standard
Monday, May 28, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Fiat may bring Chrysler brands to India
Press Trust of India / New Delhi Jun 17, 2009, 16:25 IST

Italian auto maker Fiat, which has entered into a strategic alliance with Chrysler, may bring the famed models of the American car maker into India.     

The alliance with Fiat helped Chrysler to come out of bankruptcy protection last week.     

When asked whether the company would bring Chrysler brands to India, Fiat Group Chief Operating Officer (International Operations) Filverio Bonfiglioli said, "why not..."     

He was talking to reporters here today after the launch of Fiat's premium small car Grande Punto in both petrol and diesel variants in the Indian market.      However, Bonfiglioli did not give further details about bringing Chrysler into India.     

The major car brands of Chrysler are Avenger, Caliber, Challenger and Viper.     

In the trucks category, the well-known names from the Chrysler stable include Dakota and Sprinter.     

Chrysler also has significant presence in the mini vans section with brands like Nitro, Durango and Grand Caravan.     

Meanwhile, as part of the strategic alliance, Fiat would have a 20 per cent equity stake in Chrysler in return for providing technology to manufacture smaller cars.

The two firms have finalised a global strategic alliance to form a "new Chrysler that has the resources, technology and worldwide distribution network required to compete effectively on a global scale".     

Chrysler entered into bankruptcy in April after being bogged down by significant losses and plunging sales.     

Fiat Chief Executive Sergio Marchionne would also be the Chief of the new Chrysler.     

"Those Chrysler operations assumed by the new company that were idled during this process have or will soon be back up and running, and work is already underway on developing new environmentally friendly, fuel-efficient, high-quality vehicles that we intend to become Chrysler's hallmark going forward," Marchionne said about the new Chrysler recently.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- Turbulence ahead for airlines despite oil price drop
- Weak rupee may bring cheer to NRIs, expats
- LIC buys PSU stocks, sells pvt sector blue-chips in Q4
- Banks may lower deposit rates as inflation eases: Report
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Posted by: Carazoo.com
That would be great. :-)
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Renu Kohli: Rupee: depreciated tactics
- Mobile handset companies bet on Indian app makers
- CBI arrests Jagan Andhra on alert
- RIL wants import-parity price for its gas
- Gold imports fall 32% on strict govt measures
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us