4 billion oApril 2009: Fiat SpA establishes strategic alliance with Chrysler oMay 2009: Chrysler files Chapter 11 bankruptcy Fiat:: oFounded 1899 by Giovanni Agnelli with other Italian investors o1910: became largest auto firm in Italy and manufactured military vehicles and machinery for the administration during World War II o1960-70s: massive labor strikes and assembly-line disruptions, causation 15 million worker hours lost o1980s: bring down labor force by 100,000 jobs o1986: acquired Alfa Romeo from Italian government and became largest OEM in Europe oVolatile business and labor transaction in the 2000s, GM acquired and sold back 20% oSergio Marchionne became CEO in 2004 oAgnelli family maintained 35% will power as of 2009 o2009: 24 models and primarily small vehicles, reintroduced Cinquecento calciferol in 2007 Global Auto Industry: o champion of the largest industries in the world, impacting countries and their socio-political environments oLabor unions continue to pressure governments and OEMs oHundreds of cross-border strategic alliances, joint ventures and other efforts for the past 20 years oLeaders of North American market: GM, Ford and Chrysler; Nipponese market: Toyota, Honda, and Nissan; Europe: Damler, VW, Fiat and Renault-Nissan. o... If you want to get a full essay, order it on our website: Ordercustompaper.com
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