Chrysler 2010 Annual Report Download - page 37

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36 REPORT ON
OPERATIONS
KEY EVENTS
IN 2010
JULY
Fiat and trade unions CISL-FIM, UIL-UILM and FISMIC meet in Turin and agree
to implement accord reached with FIM, UILM, FISMIC and UGL on production
of future Panda at Pomigliano d’Arco.
Fiat Board of Directors approves demerger of Trucks & Commercial Vehicles
and Agricultural & Construction Equipment businesses plus related powertrain
activities announced during presentation of 2010-2014 Business Plan on
April 21st.
Moody’s Investor Service places Fiat’s ratings (Ba1/NP) under review for
possible downgrade.
Fiat launches 2011 model year Fiat Panda with option of two Euro 5 engines:
75 hp 1.3 16v MultiJet diesel, with DPF as standard, and 69 hp 1.2 8v gasoline.
Launch of numbered, limited edition Abarth 695 Tributo Ferrari, fastest ever
on-road version of the 500.
Fiat Professional expands Fiat Scudo line-up with new top-of-the-range, Euro
5-compliant 165 hp 2.0 MultiJet. The 2011 model year Fiorino is also released.
AUGUST
First export sales (to Vietnam) of the Genlyon, the on-road heavy vehicle
produced by joint venture between Iveco and SAIC.
SEPTEMBER
Shareholders of Fiat SpA approve plan and related resolutions for partial and
proportional demerger of Fiat SpA to Fiat Industrial SpA.
JULY
Presentation of Fiat 500 and 500C equipped with new
85 hp 2-cylinder TwinAir engine developed for FGA by
FPT Powertrain Technologies, which offers up to 30%
reduction in CO2 emissions compared to other engines
with equivalent performance.
AUGUST
Case IH launches next generation of more powerful and
fuel-efficient Steiger® and MAGNUM™ tractors in North
America, along with range of new Puma 130-160 series
models with Continuous Variable Transmission (CVT). All
models equipped to meet Tier 4A emissions standards.
SEPTEMBER
For second consecutive year, Fiat SpA recognized
as sustainability leader with inclusion in Dow Jones
Sustainability World and Dow Jones Sustainability
Europe indexes, receiving score of 93/100 compared to
average of 70/100 for companies in Automobile sector
evaluated by SAM, the investment group specialized in
sustainability investing.