Jeep expands in Europe as Fiat, Chrysler integrate
Fiat and Chrysler CEO Sergio Marchionne, left, poses with the new Grand Cherokee Jeep and Mike Manley, Jeep brand CEO, during a presentation in Balocco, near Turin, Northern Italy, Monday, April 11, 2011. Marchionne said Monday that the Italian automaker will increase its stake in Chrysler by 5 percent within days. Fiat SpA already controls 25 percent of Chrysler LCC, Detroit's third largest automaker. Marchionne said the increase might be finalized as early as Tuesday. (AP Photo/LaPresse) ITALY OUT
BALOCCO, Italy - Fiat and Chrysler CEO Sergio Marchionne says a new rollout of fresh Jeep models for Europe is evidence of the depth of integration between the two companies 22 months after the Italian automaker took over the once-bankrupt U.S. company.
Marchionne said Tuesday at Fiat's test track near its Turin headquarters that Jeep "is the only true international brand that Chrysler has."
Fiat officially raised its ownership in Chrysler to 30 per cent from 25 per cent on Tuesday.
A 1967 Shelby GT500 Super Snake sold for $1.3 million. Do you think classic cars were made better than modern rides?
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- Yes, the quality of cars from the 1960s and '70s is the best
- No, modern technology makes cars better today
- Maybe, it's hard to say since most Canadians get a new car every 10 years