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0Report: Marchionne confirms Compass, Town & Country to die; Dart to get SRT version 1338390000
Fiat-Chrysler CEO Sergio Marchionne has shed a little light on the future of a few Chrysler products, including the Jeep Compass, Chrysler Town & Country and Dodge Dart. While speaking at the Chrysler Belvidere Assembly Plant, Marchionne said both the Jeep Patriot and Compass will continue to ...
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Report: Fiat to assemble Mazda models in Fiat and Chrysler plants? 1338235080
Fiat CEO Sergio Marchionne, whose refrain is "We're willing to engage in discussions with anyone else" when it comes to making deals to achive a larger economy of scale, has opened another front according to a report in Reuters. When the deal was announced for Alfa Romeo to codevelop a roadster ...
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Official: Chrysler Group reports quadrupled Q1 profits on U.S. sales increase 1335448980
Chrysler Group had nothing but good news to share this morning as it has reported its financial results for the first quarter of 2012. The headline-hogging number is that the automaker's first quarter profit quadrupled from $116 million a year ago to $473 million this year. All that was on the ...
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Video: Watch Sergio Marchionne on last night's 60 Minutes 1332779400
CBS' 60 Minutes sat down with Chrysler CEO Sergio Marchionne last night to discuss the automaker's resurrection and the touch-and-go period in 2009 when the Fiat executive began talks with the federal government over a controlled Chrysler bankruptcy. Marchionne said that when he arrived at ...
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Report: Sergio Marchionne actually made $19M last year 1331935260
Remember when we told you that Sergio Marchionne didn't receive a paycheck from Chrysler during 2011? As it turns out, it's because he was busy raking in the big bucks from Fiat. Automotive News reports that Marchionne earned 14.5 million euros ($19 million U.S.) in 2011. The pay includes seven ...
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Report: Marchionne may delay Dodge Dart launch to avoid April Fools' Day jinx 1331420520
We're excited about the Dodge Dart, and why not? It's the first legitimate compact sedan offered by Chrysler since the Neon. We're thinking Chyrsler CEO Sergio Marchionne is excited too, but perhaps not psyched enough to launch the Dart on April 1. USA Today reports that the outspoken chief ...
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Report: Chrysler paid Marchionne nothing in 2011 1331231280
Chrysler has filed its annual financial report with the Security and Exchange Commission, and a few important tidbits have thus been revealed. For instance, company CEO Sergio Marchionne was paid exactly zero dollars last year in compensation for the role he played in rescuing Chrysler from the ...
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Report: Fiat pondering closure of two Italian plants if American initiative fails 1330351140
Fiat spent much of 2011 jousting with Italian labor unions over contracts and plant security. The matter was finally resolved in December when Fiat signed new labor agreements, but a sign of Fiat's take on the matter was its departure from Confindustria, an Italian business group, over concerns ...
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Report: Chrysler working to gain foothold in downtown Detroit with Quicken tycoon Gilbert? 1329935400
Word has it Chrysler is looking to establish a base of operations in downtown Detroit in a move that would strengthen its "Imported from Detroit" image. The company is based in Auburn Hills, Michigan, a short hike from downtown proper, but reports say the automaker has signed a lease for 20,000 ...
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Report: Chrysler employees to get first profit-share payouts since 2005 1328214600
Chrysler employees received some good news this week. The automaker announced it would issue profit-sharing checks worth $1,500 to each of its hourly workers for the first time since 2005. The company posted a $183 million profit for 2011, marking the first time the company has avoided a loss in ...

