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By ROB KASPER | March 1, 1997
ON A RECENT balmy afternoon an image from my past flashed by me. It was a guy driving a convertible.I once was a convertible guy. Now, depending on the transportation plans of my family, I am either a station-wagon guy or a four-door-sedan guy. These cars are roomy, reliable, practical.The convertible I used to drive, a two-seat Fiat X 1/9, was none of the above. It was small, quixotic and gorgeous.Its roof could be lifted off and stored in the front of the car, where you would expect the engine to be. The engine was located in the middle of the car, behind two leather seats, and in front of a tiny, attractive rear end. This design made the car nimble, terrific on turns, and a real head-turner.
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NEWS
By Nicole Fuller, The Baltimore Sun | August 13, 2011
Anne Arundel County Executive John R. Leopold says he's considering using his seldom-used veto power to prevent controversial zoning changes in some of the county's most rural areas likely to be approved by the County Council on Monday night. The threat of veto follows the passage of several amendments to the proposed rezoning bill for southern Anne Arundel and the Annapolis area, parts of which county planning officials have publicly criticized for veering too sharply from accepted zoning principles.
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BUSINESS
By New York Times News Service | December 11, 2007
DETROIT -- The dollar's falling value is making European automakers eager to build more vehicles in the United States, even as American car companies continue to shift production to lower-cost countries. Fiat, the Italian carmaker, is the latest company to suggest that it may build a plant in the United States. Its chief executive, Sergio Marchionne, told Automotive News Europe that its sports car brand, Alfa Romeo, needs a North American plant to be profitable. Alfa Romeo is returning to the United States next year after a 13-year absence.
BUSINESS
June 11, 2009
Fiat closes deal to take bulk of Chrysler's assets Italy's Fiat is the new owner of most of Chrysler's assets, closing a deal Wednesday that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat's CEO. The deal creates a leaner company known as Chrysler Group LLC, which is not in bankruptcy protection and is free of billions of debt, 789 underperforming dealerships and burdensome labor costs that hobbled the...
NEWS
By David G. Savage and Jim Puzzanghera and David G. Savage and Jim Puzzanghera,Tribune Washington Bureau | June 9, 2009
WASHINGTON - -In a surprise move, the U.S. Supreme Court ordered a temporary delay Monday in the bankruptcy sale of Chrysler to Italian automaker Fiat, saying it needed more time to decide on complaints that the government-engineered deal is unfair to some bondholders. The one-line order from Justice Ruth Bader Ginsburg raised the possibility that the court could halt the sale and force the Chrysler deal to be renegotiated. Such a move could complicate the much larger General Motors bankruptcy.
BUSINESS
By BLOOMBERG NEWS | October 10, 2000
SEOUL, South Korea - General Motors Corp. and partner Fiat SpA said yesterday that they will study the finances of Daewoo Motor Co. before deciding whether to buy all or part of the South Korean automaker. The two companies expect the evaluation process to "proceed rapidly" and it may soon be followed by formal acquisition talks, GM and Fiat said in a joint statement. GM, the world's largest automaker, and Fiat, the sixth-biggest, emerged as the most likely buyers of Daewoo after Ford Motor Co. withdrew a $7 billion bid last month.
SPORTS
By Gary Lambrecht and Gary Lambrecht,SUN STAFF | March 12, 2005
He misses grabbing a snowboard or a pair of skis to attack a mountainside at his leisure. He is still getting accustomed to crowded suburbia and the faster pace that marks the East Coast lifestyle. He watches football occasionally, vividly recalling running downfield and using his height and soft hands as a receiver in the game that was his first love. Kyle Fiat has a new home and a new passion now, and the Towson University men's lacrosse team is thrilled to have him. Since transferring from Utah State to join the Tigers as a walk-on last fall, Fiat, 6 feet 2, has made his presence felt.
BUSINESS
By Tribune Washington Bureau | April 29, 2009
WASHINGTON - Chrysler's path to recovery cleared a major roadblock ahead of Thursday night's government-imposed deadline when the struggling automaker's largest bondholders agreed Tuesday to significantly reduce its debt. That deal and the expectation that the United Auto Workers will ratify a labor pact Wednesday increase the likelihood that Italian automaker Fiat will buy Chrysler and save it from financial collapse. But even if Fiat takes over, Chrysler might still enter government-backed bankruptcy to resolve some of its toughest outstanding issues, including a sharp reduction of its 3,300 U.S. dealers.
NEWS
April 3, 1996
Dr. J. Kiffin Penry, 66, an international leader in the fight against epilepsy, died Sunday of diabetes in Winston-Salem, N.C.He is noted for his work describing epileptic seizures and syndromes in children, as well as for developing new anti-epileptic drug therapies that have benefited children worldwide.Nearly 2,500 physicians who treat epilepsy went to Winston-Salem for Dr. Penry's programs since they began in November 1986.Dante Giacosa, 91, the automotive designer of several Fiat models, including the popular 500, died Sunday in Turin, Italy.
BUSINESS
By KNIGHT RIDDER/TRIBUNE | June 30, 2002
GOTENBURG, Sweden - The European auto industry is facing trouble from all sides. Sales are worsening domestically, and companies that export to the United States are earning less money because the dollar is weak. And though big players such as Adam Opel AG and Fiat SpA are losing money, they can't afford to stop investing in new products, because everyone else is. A decline in sales volume is accelerating. From May 2001 to May of this year, sales were down 8 percent in Europe and 14 percent in Germany, Europe's biggest market.
NEWS
By David G. Savage and Jim Puzzanghera and David G. Savage and Jim Puzzanghera,Tribune Washington Bureau | June 9, 2009
WASHINGTON - -In a surprise move, the U.S. Supreme Court ordered a temporary delay Monday in the bankruptcy sale of Chrysler to Italian automaker Fiat, saying it needed more time to decide on complaints that the government-engineered deal is unfair to some bondholders. The one-line order from Justice Ruth Bader Ginsburg raised the possibility that the court could halt the sale and force the Chrysler deal to be renegotiated. Such a move could complicate the much larger General Motors bankruptcy.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,andrea.walker@baltsun.com | May 15, 2009
The livelihood that Rick Shaub has known his entire life changed in minutes Thursday when he got the call that the Germantown car dealership his family has owned since the end of World War I was one of hundreds to be closed by financially troubled Chrysler LLC in the coming month. Shaub, who has $2.5 million worth of cars on the lot at Montrose Dodge that Chrysler won't buy back, said he will probably have to file for bankruptcy-law protection, too. Chrysler said Thursday it was closing 789 of its 3,200 dealerships as it works to restructure in bankruptcy-law protection and merge with Italy's Fiat Group SpA. In Maryland, 15 dealerships would be affected by the closures.
BUSINESS
By Tribune Washington Bureau | April 29, 2009
WASHINGTON - Chrysler's path to recovery cleared a major roadblock ahead of Thursday night's government-imposed deadline when the struggling automaker's largest bondholders agreed Tuesday to significantly reduce its debt. That deal and the expectation that the United Auto Workers will ratify a labor pact Wednesday increase the likelihood that Italian automaker Fiat will buy Chrysler and save it from financial collapse. But even if Fiat takes over, Chrysler might still enter government-backed bankruptcy to resolve some of its toughest outstanding issues, including a sharp reduction of its 3,300 U.S. dealers.
BUSINESS
January 30, 2009
Amazon stock soars on profit, outlook NEW YORK : Amazon.com Inc. said yesterday that its fourth-quarter profit rose 9 percent and easily surpassed analysts' forecasts. Those results, plus an optimistic forecast, sent its shares soaring 13 percent in extended trading. Amazon had called the holiday season its "best ever," and the earnings report backed up the idea that the online retailer is not being seriously hurt by cutbacks in consumer spending. Amazon said its revenue in the current quarter should be $4.53 billion to $4.93 billion, while analysts are expecting $4.57 billion.
BUSINESS
By New York Times News Service | December 11, 2007
DETROIT -- The dollar's falling value is making European automakers eager to build more vehicles in the United States, even as American car companies continue to shift production to lower-cost countries. Fiat, the Italian carmaker, is the latest company to suggest that it may build a plant in the United States. Its chief executive, Sergio Marchionne, told Automotive News Europe that its sports car brand, Alfa Romeo, needs a North American plant to be profitable. Alfa Romeo is returning to the United States next year after a 13-year absence.
NEWS
By LARRY CARSON and LARRY CARSON,SUN REPORTER | July 7, 2006
A temporary protective order keeping a local attorney away from two Board of Elections employees who claim he has appeared aggressive and angry toward them was extended until Tuesday in an Ellicott City District Court hearing Wednesday. Judge Alice P. Clark extended the temporary order against William H. Morstein until a visiting judge can hear the women's complaints. Morstein has denied the allegations and did not appear for yesterday's hearing. "Judges of this court have decided not to hear this," Clark said, apparently because recently appointed District Court Judge Mary Reese was the county elections board attorney for several years.
BUSINESS
May 28, 2009
GM bankruptcy likely as bondholders balk at deal DETROIT -: General Motors bondholders felt they deserved something like a 58 percent stake in the company in exchange for their billions of dollars in debt. What they were offered wasn't even close. As a result, the largest industrial bankruptcy in U.S. history is now all but certain. The bondholder rejection virtually ensures GM will file for Chapter 11 bankruptcy protection within days. The government, which has already extended nearly $20 billion in loans to GM, ordered the company to come up with a plan that 90 percent of its bondholders would agree to. But the government allowed it to offer only 10 percent of the company's stock.
BUSINESS
January 30, 2009
Amazon stock soars on profit, outlook NEW YORK : Amazon.com Inc. said yesterday that its fourth-quarter profit rose 9 percent and easily surpassed analysts' forecasts. Those results, plus an optimistic forecast, sent its shares soaring 13 percent in extended trading. Amazon had called the holiday season its "best ever," and the earnings report backed up the idea that the online retailer is not being seriously hurt by cutbacks in consumer spending. Amazon said its revenue in the current quarter should be $4.53 billion to $4.93 billion, while analysts are expecting $4.57 billion.
TRAVEL
By BEVERLY BEYETTE and BEVERLY BEYETTE,LOS ANGELES TIMES | January 22, 2006
TURIN, Italy -- Ah, bella Italia. Rome, Venice, Florence, Turin. ... Turin? This city of 900,000 in the northwestern corner of Italy, known mostly -- if at all -- as home to the Fiat and a certain controversial shroud, has been busy reinventing itself as it prepares for the 1.5 million spectators expected during the Winter Olympics beginning Feb. 10. I had never been to Turin -- Torino to Italians -- and was not sure what to expect as my plane began...
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