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Automakers post US sales gains in March

Automakers on Tuesday reported US sales gains in March, pointing to a spring rebound from weakness in the prior two months that were hammered by severe winter weather. Ford, the number-two US automaker, said total sales in its home market rose 3.0 percent in March from a year ago, to 244,167 vehicles. "March sales turned noticeably higher mid-month and finished strong," said John Felice, Ford vice president, US marketing, sales and service.

Fiat seeks to turn financing unit into a bank: source

MILAN (Reuters) - Fiat <FIA.MI>, which has agreed to take full control of U.S. unit Chrysler, has asked the Bank of Italy's permission to turn financing unit Fga Capital into a bank to cut funding costs, a source with direct knowledge of the situation said.

Fiat seeks to turn financing unit into a bank: source

MILAN (Reuters) - Fiat <FIA.MI>, which has agreed to take full control of U.S. unit Chrysler, has asked the Bank of Italy's permission to turn financing unit Fga Capital into a bank to cut funding costs, a source with direct knowledge of the situation said.

Fiat to present small Jeep SUV in March, 500X in October: union

MILAN (Reuters) - Italian carmaker Fiat <FIA.MI> will present a Jeep-branded small sports utility vehicle (SUV) at the Geneva car show in March while its 500X crossover vehicle will be presented at the Paris show in October, an Italian trade union official said. Both cars will be produced at the Melfi plant in the southern Italian region of Basilicata, which currently manufactures the Grande Punto.

Factbox: Merged Fiat Chrysler group to list in New York, Milan

MILAN (Reuters) - Italian car maker Fiat <FIA.MI> on Wednesday detailed plans to merge with its U.S. unit Chrysler to create the world's seventh-largest automaker after securing full control of the Detroit-based group earlier this year. Fiat struck a $4.35 billion deal, announced on January 1, to gain full control of Chrysler after more than a year of talks. - Fiat Chrysler Automobiles N.V. (FCA) will be the parent company of the new group and will be registered in the Netherlands.

Fiat disappoints with profits, waives dividends

Italian car giant Fiat on Wednesday reported 2013 results which were below analysts expectations and said it would be waiving dividends, causing shares in the group to plummet. The carmaker reported a trading profit of 931 million euros ($1.27 billion) for the fourth quarter of 2013, less than the 1.5 billion euros forecast by analysts. The Turin-based company also cut its 2014 forecast more than expected, to between 3.6 to 4.0 billion euros -- down from a previous estimate of up to 5.2 billion euros.

Fiat Chrysler creates Dutch holding, sets tax domicile in UK

MILAN (Reuters) - Automaker Fiat <FIA.MI> said on Wednesday it would register the holding of its newly created Fiat Chrysler Automobiles group in the Netherlands and set its tax domicile in Britain, cementing a politically sensitive shift away from its home base in Italy. The decision comes after Fiat took full control last week of its U.S. unit, creating the world's seventh-largest carmaker.

EU car registrations down 1.7% in 2013: trade data

Registrations for new cars in the European Union slid 1.7 percent in 2013, manufacturer data showed Thursday, although country figures were varied, with Britain showing a big increase while sales in Italy and France slumped. A total 11.8 million new cars were sold across the bloc last year (not including Malta), according to the data from the European Automobile Manufacturers' Association (ACEA). The 1.7-percent decline compared with 2012 confirmed a lingering morosity in the EU, which is still struggling after four years of a eurozone debt crisis.

Fiat-Chrysler head eyes Hong Kong, New York for listing

Fiat-Chrysler head Sergio Marchionne said on Friday he was looking for financing to boost the newly merged automaking giant in the high-quality market, and that it could list on the Hong Kong or New York stock exchanges. "We will go where the money is," Marchionne told Italy's La Repubblica daily in his first interview since the merger was announced on January 1. He said that New York was "the most liquid" market but that he was "also ready" to go to Hong Kong.

Fiat-Chrysler head eyes Hong Kong, New York for listing

Fiat-Chrysler head Sergio Marchionne said on Friday he was looking for financing to boost the newly merged automaking giant in the high-quality market, and that it could list on the Hong Kong or New York stock exchanges. "We will go where the money is," Marchionne told Italy's La Repubblica daily in his first interview since the merger was announced on January 1. He said that New York was "the most liquid" market but that he was "also ready" to go to Hong Kong.
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