Fiat Industrial Pays Big Compensation to Its CEO

Fiat Industrial Pays Big Compensation to Its CEOIt has been found in a recent report that Sergio Marchionne, who is the chairman of Fiat Industrial, has received $18.9 million in the year 2011 as compensation.

Marchionne is also the CEO of Chrysler, which came up from the Chapter 11 bankruptcy in 2009. While he has not received any compensation or bonus from Chrysler, Fiat Industrial has given him 2.56 million Euros in 2011, reveals the report.

Fiat Launches 500L

Fiat Launches 500LAs per reports, it has been revealed that Fiat has made yet another effort to bring back itself on the growth track and also to improve its business in European countries. They have launched a new car named as 500L, which is a complete sports utility car (SUV).

Fiat Bought Back 5% Stake from Mubadala

Fiat Mubadala.Fiat has already released _122 million and Dh612.8m in Arabian currencies to get back 5% stake in Ferrari which was handed over to Mubadala Development corporation long way back.

Fiat to launch Linea T-Jet in September in India

Fiat-LineaCarmaker, Fiat is expected to launch its new Fiat Linea T-Jet in the Indian market in September this year. The car was showcased by the company at Delhi Auto Expo earlier this year.

The sedan is powered by a 1.4 L Turbo Charged Petrol engine with a maximum torque of 200 Nm at 2500 rpm. The company claims that its transmission offers 10 per cent better mileage when compared to other traditional gear box.