The iconic American brand Jeep announced recently that it has big plans to increase sales in the European market from 25,000 to 125,000 in the next three years. The goal (which is to culminate in 2014) is part of the automaker’s master plan to improve global sales from 420,000 units (in 2010) to 800,000 units [...]
Automotive News reported this morning that Fiat has developed a new engine that may be the world’s greenest fuel engine. The two-cylinder Twin-Air was unveiled earlier this year at the Geneva Auto Show, and will be used on 500 units of the automaker’s signature 500 minicar beginning in September. The choice to equip their trademark [...]
As reported in Automotive News Fiat S.p.A. is the first of the major European automakers to post their Q4 results for 2009. Apparently, December was a great month for car sales, because Fiat, which owns 20% of Chrysler Group had a trading profit of 488 million euros ($690 million) in the last quarter of 2009. [...]