Fiat has the money to increase its stake in Chrysler to 51 percent, says CEO
Fiat S.p.A. has “an abundant cash cushion” to boost its stake in Chrysler Group to 51% by the end of 2011, CEO Sergio Marchionne told analysts. It can be recalled that earlier this month,... Read more
Fiat, unions reach deal on new working conditions at Mirafiori plant
It was a very close margin but Fiat S.p.A. CEO Sergio Marchionne won the most votes for a labor deal to proceed, paving the way for the production of Jeep models for the U.S. market... Read more
Chrysler will soon decide on Dodge Nitro, Jeep Liberty replacements
In “about 40 days,” Chrysler will make a decision on the replacement for the Dodge Nitro and Jeep Liberty SUVs, according to Chrysler CEO Sergio Marchionne. These two vehicles, which are... Read more
Sergio Marchionne announces Chrysler 300 Hybrid for 2013
According to the latest reports, it appears that Chrysler Group is planning to offer a gasoline-electric hybrid version Chrysler 300 sedan. These words came from CEO Sergio Marchionne who... Read more
Jeep to unveil ‘multipurpose’ vehicle featuring a pickup truck-like bed in the back
Jeep will soon present a “multipurpose” vehicle that will feature a pickup truck-like bed in the back, according to Chrysler CEO Sergio Marchionne. Referring to the Gladiator concept that... Read more
Alfa Romeo unit is not for sale, to be relaunched in the U.S. in late 2012
Top Fiat executives told reporters at the 2011 Detroit Auto Show that the Alfa Romeo unit is not for sale and that there are plans to relaunch the brand in the U.S. in late 2012. Fiat... Read more
Chrysler CEO Marchionne names Goldman Sachs as an adviser for its IPO
Chrysler Group’s CEO Sergio Marchionne revealed that investment banker Goldman Sachs will be one of the advisers for its initial public stock offering, which is anticipated to take place... Read more
Chrysler Group hopes to pay off restructuring loans in 2011
Within this year, Chrysler Group aims to repay the U.S. and Canadian government loans that it had gotten during its restructuring. Sergio Marchionne, CEO of both automakers, said that he... Read more
Chrysler Town & Country expected to top minivan segment sales in 2010
The Chrysler Town & Country may be able to wrestle the top sales crown away from the Honda Odyssey as it is on pace to hit sales of 102,495 units in the final month of the 2010. Since... Read more
Italian union head called for an eight-hour strike over Fiat plant deal-source
An eight-hour strike on Jan. 28 has been proposed by the head of Italian metalworkers union Fiom to protest productivity deals that other unions at Fiat S.p.A.'s Italian plants have... Read more
Fiat dealers seeking help from Marchionne due to poor sales
Amid the excitement of the holidays, it is quite remarkable that Fiat S.p.A.’s showroom is nearly empty. But the carmaker pointed out that those who are coming in the showrooms as... Read more
Next-generation Dodge Viper to feature Fiat technology
The next generation of Dodge’s Viper that’s due in 2012 will use Fiat technology to improve its performance and accessibility, says Autocar. However, it will retain its platform and will... Read more
Chrysler’s Sterling Heights Assembly Plant recovers nicely
There was a plan to shut down Chrysler Group's Sterling Heights Assembly Plant at the end of 2012 but its fortunes have changed and now, this plant is on track to become Chrysler’s... Read more
Chrysler Group to hire 1,000 engineers, workers within the next 4 months
Within the next four months, Chrysler Group LLC will hire 1,000 engineers and other skilled workers as part of efforts to enhance its small and mid-sized car development, according to The... Read more
Chrysler Group to invest $843Mil more for Kokomo, Ind. facilities
Chrysler Group’s investments for the transmission manufacturing facilities in Kokomo, Indiana, will amount to $843 million (EUR629 million). The plant is expected to manufacture advanced... Read more
Fiat and Chrysler to co-develop first Maserati SUV
It was deemed inevitable but now Fiat and Chrysler have finally started sharing platforms and developing cross-breeds. The first Maserati SUV is the first major transplant of platform... Read more
GM’s IPO is a great precursor for Chrysler’s planned share sale, says Marchionne
Chrysler CEO Sergio Marchionne considers General Motors Co.'s IPO to be a “great, great precursor” for Chrysler Group’s own planned share sale. At the launch of Chrysler's flagship... Read more
Fiat may sell a stake in Ferrari before consolidating Chrysler
According to CEO Sergio Marchionne, it appears that Fiat might sell a stake in supercar manufacturer Ferrari and its auto-parts division Magneti Marelli before consolidating Chrysler... Read more
Chrysler laid the groundwork for a successful transformation, says Marchionne
In a message to its workers, Sergio Marchionne, the CEO of Chrysler Group LLC and Fiat, said that the company has laid the “groundwork for a successful transformation.” Marchionne... Read more
Alfa Romeo and Ferrari sale to Volkswagen is just a dream, says Marchionne
Fiat S.p.A. CEO Sergio Marchionne and Volkswagen CEO Martin Winterkorn are describing a sale of its Alfa Romeo and Ferrari brands to its German rival as simply a “dream.” At an event in... Read more
Fiat will release new models in 2011 in order to meet its sales targets
Amid preparations to release new models in 2011, Fiat S.p.A. CEO Sergio Marchionne expressed confidence that the company won’t have any difficulty in hitting its targets for 2011.... Read more
Fiat seeks to boost productivity of Italian plants and avoid investments delay
Despite the dispute with the trade unions in Italy, Fiat S.p.A. still aims to strengthen its home-country roots and doesn’t seek to delay investments, according to CEO Sergio Marchionne.... Read more
Fiat to shift production to the US, Poland and Serbia, if Italy plans fail
The countries that would benefit if the uncooperative unions in Italy ruin Fiat S.p.A.’s plans to expand production volumes are the US, Poland and Serbia. Fiat CEO Sergio Marchionne said... Read more
Italy politicians react strongly to Fiat CEO Marchionne’s comments
Senior politicians in Italy criticized statements made by Fiat S.p.A. CEO Sergio Marchionne that put the focus on the government’s inefficiencies that he claims to have been hampering the... Read more
Fiat CEO says performance would be better without Italy
If Fiat S.p.A. didn’t have its money-losing Italian plants, it would have a better performance, according to CEO Sergio Marchionne. Italian news agency ANSA said that Marchionne told the... Read more
Marchionne says once again that Alfa Romeo isn’t for sale, rejects Vw offer
Fiat SpA has rejected an offer from Volkswagen AG to buy Alfa Romeo. CEO Sergio Marchionne said that Alfa Romeo isn’t for sale. What this means is that the Italian company’s shareholders... Read more
Fiat’s largest union protested in Rome against Marchionne’s production plan
A protest erupted last Saturday over CEO Sergio Marchionne's proposal to limit strikes and increase shifts at Fiat S.p.A.’s Pomigliano d'Arco car factory. The protest in Rome was led by... Read more
Fiat CEO Marchionne delays launch of new Panda until January 2012
Sources said that the launch of the Panda, the third generation of Europe's biggest-selling minicar, will be delayed further due to Fiat CEO Sergio Marchionne's latest investment freeze.... Read more
Report: Marchionne and the new products impressed Chrysler dealers
About 4,000 Chrysler Group dealers and associates finally had the chance to meet with CEO Sergio Marchionne after waiting for 16 months. And they weren’t disappointed. Marchionne... Read more
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