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If Fiat sells part or all of its car business, it is likely to focus on its profitable divisions, which make heavy trucks and tractors.
Zipcar looks like it is boosting the enterprise side of its car sharing business after it acquired Local Motion, a five-year old fleet management startup, in an undisclosed deal.
The idea isn't all that unique, but GM hopes to implement it throughout most of its car lineup, thereby lowering costs through volume, and increasing mileage modestly across the board.
-- General Motors will cut as many as 14,000 workers in North America and put five plants up for possible closure as it abandons many of its car models and restructures.
But "Russia's Detroit", as it is also called because of its car factories, still has ample charm.
Beginning in January 2005, Fiat has an option that allows it to sell the remaining 80percentt of its car unit to General Motors.
By 1999, however, the best it could do was to sell 20% of its car business to GM.Always a one-trick ponyIn hindsight, Fiat committed several sins.
Detroit is essential to the main character of "8 Mile" because it's as a day laborer in one of its car factories that he tries to put together enough cheddar to finance his dream.
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One insurer, Admiral, says 25percentt of its car-theft claims have been withdrawn since it began using the system a year ago.
According to Brittany Ferries, only 17% of its car-ferry traffic originates from France.
The head of its car-making division, Roberto Testore, resigned.See article: Fiat's problemsFive German banks felt the wrath of the European Commission.
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