CEO of Fiat set out to meet the US authorities

In order to convince government officials of the advantages of a planned alliance amid the Italian industrial group and struggling U.S. car maker Chrysler, the CEO of Fiat gonna go to Washington this week.Sergio Marchionne stated to the reporters of the auto show of Geneva that he is going within few days to continue forum with the federal authorities.Fiat alliance with Chrysler got announced

Drop in US sales (41.3%) which results to plunge of GM and Ford

In February top six US automakers plunge more than 37% where it’s the worst month since December 1981. Efraim Levy an analyst stated in a report that automotive industries are in high automotive depression among the great recession.All the shocked customers scared for their jobs, the value of their homes and stock market assets are cautious of making the sizable.

CEO states that Volkswagen goes ahead with the U.S. plant which lay off 16,500 impermanent workers

Martin Winterkorn who is the CEO stated to a German magazine that this particular year Volkswagen is not going to renew the contracts of its 16,500 workers due to the fall in the economy. In an interview he told that though there is industry crisis all over the world, there is no full stop in the construction of the new plant of VW in US. When the plant gets ready by 2011, he is expecting US to

Entry of Nissan in LCV business in North America

The latest news is that Entry of Nissan in LCV (Light Commercial Vehicles) business through a vital investment in North America.NNA (Nissan North America, Inc.) Is a part of Global Commitment to the segment which has announced that it’ll shortly introduce to the North American market three light commercial vehicles in three years and forge partnerships with Cummins Inc. for the engines and ZF