Fiat Share Prices Fall as European Banks Become More Weary

 

The CEO of Fiat, Sergio Marchionne had recently announced that he was interested in acquiring the rest of Chrysler, and completely merge the two companies. However, this ‘announcement’ has made two European banks become more weary of the situation, and so, they`ve downgraded Fiat’s stock.

One bank, UBS AG, is changing the status of the company’s stock from a ‘buy’ rating, to a ‘neutral’ rating, while Deutsche Bank changed the stocks’ status from ‘hold’ to ‘sell. Now, as Chrysler is currently much more profitable than Fiat, and dragging it along for the ride, Marchionne is undoubtedly keen to get more of the profits of the American market, which is working much better than the one in Euope, and will do so for at least another two or three years, according to analysts.

Also, this past Tuesday, Fiat shares fell by 5.9%, the event which prompted the two aforementioned banks to react. They still need somewhere in the eregion of 1.6-billion to 2.9-billion euros to get the rest of Chrysler, yet it is highly doubtful that they actually have that much money to spend, given the current situation.

Story via detroitnews.com

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Lancia contemplating Chrysler 300-based Thema coupe?

Head overseas and you may run into a Chrysler 300 wearing a distinctly foreign badge: that of Lancia. The awkward stepchild of the Fiat group rebadges Chrysler vehicles as their own and gives them nameplates from their own back-catalog. Lancia calls its rebadged 300 the Thema, but aside from the handle, it's pretty much the same. But could Chrysler's Italian cousin prompt the development of a coupe version?

According to the latest churn of the rumormill, yes, it could. Chrysler has already used the platform for the two-door Dodge Challenger, a vehicle that isn't officially offered in Europe. When Auburn Hills wanted to offer the Dodge Magnum in Europe, it gave the low-slung power-wagon bodystyle to the 300, but with that model out of the way, why not a two-door?

The question for us, of course, is – were Lancia to go ahead with such a development – could it make it back over to the States? An Italian-designed American two-door might satisfy a market (however small) that was last filled in the late 1980s Chrysler TC by Maserati and the Pininfarina-designed Cadillac Allanté. 

via: Autoblog.nl

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Lincoln, Chrysler - Top brands in 2011 Vehicle Satisfaction Awards

Do you get the type of satisfaction that makes you proud to own a car. AutoPacific has researched and found which automakers are doing their best job of keeping customers happy. The results released for the 2011 Vehicle Satisfaction Awards (VSA), and you may be surprised to know that Lincoln and Chrysler have taken top honors.

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