Chrysler 2011 Annual Report Download - page 41

40 Report on
Operations
Key Events
in 2011
Fiat announces development of a new gasoline direct injection turbo
engine for Alfa Romeo to be produced at the FMA plant in Pratola
Serra, Italy beginning early 2013. The new engine will be a 1.8
4-cylinder with maximum output of 300 hp designed to meet future
emissions standards in Europe (Euro 6) and the U.S. (Tier 2 Bin 5).
On October 13th, Fiat S.p.A. closes a 3-year syndicated facility
launched July 27th. Due to strong demand from banks, the facility is
increased from €1.75 billion to €1.95 billion. The facility replaces a
3-year €1 billion revolving credit facility signed February 2009.
On October 27th, the Board of Directors of Fiat S.p.A. passes
a resolution to propose to Shareholders the conversion of the
Company’s preference and savings shares into Fiat ordinary shares
for the purpose of simplifying the Company’s capital and governance
structure.
On October 26th, the UAW ratifies a new national four-year labor
agreement with Chrysler Group.
December
Fiat and Chrysler Group announce the opening of Mopar parts
distribution centers in Shanghai and Dubai in support of the Group’s
growing presence in international markets.
December
Fiat S.p.A. joins the Advanced Sustainability
Performance Eurozone Index (“ASPI
Eurozone®”) of 120 companies selected on
the basis of research conducted by VIGEO.
The ASPI Eurozone® is recognized by
investors as one of the leading sustainability
indexes.
December
On December 13th, Fiat announced the
signing of a new collective agreement with the
majority of trade unions, which is applicable
to all Fiat employees in Italy with effect from 1
January 2012.