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sergio marchionne

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    Report: Could Chrysler leave Michigan for Tennessee?
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    Detroit's Big Three could become the Big Two. According to an AP report in The Detroit News, state officials have been lobbying for Fiat-Chrysler CEO Sergio Marchionne to select Tennessee as the location for Fiat's joint headquarters with Chrysler Group LLC. This weekend, Marchionne met with ...

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    Report: Marchionne assures Fiat jobs will stay in Italy, amid Chrysler merger talks
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    Even though Fiat CEO Sergio Marchionne has repeatedly said he won't pick up, leave Italy and take his Fiat factories with him, his occasional pointed comments about the challenges of running operations in that country has worried Italian politicians dealing with government, economic and ...

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    Report: Fiat seeking $10B in financing to buy Chrysler
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    As Fiat looks to become the full owner of Chrysler, all it has standing in its way is the retiree trust of the United Auto Workers, which currently holds the remaining 41.5 percent of the company as the result of the Pentastar's bankruptcy deal. The Detroit News is reporting that that Fiat is ...

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    Video: Check out Marchionne's customized SRT Viper
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    The SRT Design Team recently worked up something special in honor of Chrysler CEO Sergio Marchionne. The crew whipped the sheets off of a one-off SRT Viper GTS at a Sons of Italy Foundation gala. The car features special Avorio Perla white paint, one-off black vapor chrome wheels and custom ...

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    Report: Italian government to lean on Fiat's Marchionne to commit to country
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    With the recent chatter that Fiat is looking to move its global headquarters to the US following a complete merger with Chrysler, the Italian government is voicing its opinion on the matter. Facing the potential job loss from the automaker leaving the country, Italy's industry minister is meeting ...

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    Report: Marchionne offers belated apology for 'wop engine' comment
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    Automotive News reports Fiat-Chrysler CEO Sergio Marchionne has issued a written apology for his comments regarding his decision to stick with an Italian engine for the upcoming Alfa Romeo 4C. As you may recall, back in January, Marchionne was quoted as saying, "I cannot come up with a schlock ...

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    Official: Chrysler reports $166M net income for Q1, down $307M vs. 2012
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    Preliminary first-quarter results from 2013 have been announced by Chrysler, and the company is reporting a net income of $166 million on revenue of $15.4 billion. Compared to this period last year, net income is down $307 million and revenue has dropped $1 billion. Chrysler says that its ...

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    Report: Fiat pondering swallowing rest of Chrysler, US IPO
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    At the moment, Fiat is in court with the United Auto Workers, waiting for the justice system to provide some guidance on a fair price for 41.5-percent of Chrysler it doesn't own. Fiat owns 58.5 percent of the company and wishes to buy the remainder, which is owned by the union's VEBA retiree ...

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    Report: How the US market will help Alfa triple sales in three years
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    Automotive News Europe reports Alfa Romeo has a plan to triple its global sales by 2016, meaning the automaker will need to increase its sales to around 300,000 units in less than three years. Fiat CEO Sergio Marchionne has set the ambitious targets for the brand, but Alfa Romeo head Louis-Carl ...

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    Report: Audi rumored to buy Alfa Romeo, officials deny it
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    For more than two years, Volkswagen has been making public statements about its willingness to buy Alfa Romeo and quadruple the Italian brand's sales, and for just as long, Fiat CEO Sergio Marchionne has replied with some version of "Mr. Piëch, drop it." According to a report in Ward's Auto, ...

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    Report: Chrysler 200 replacement coming in January
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    Autoweek reports the next Chrysler 200 will bow early next year. CEO Sergio Marchionne has said the 2015 model will debut next January, and Chrysler plans to cut the 2014 200 model year short to make way for the model's successor. According to AW, internal documents reveal 2014 model production ...

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    Report: Fiat's Marchionne ponders Chrysler going public again
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    Fiat boss Sergio Marchionne says there's a real possibility that its majority-owned Chrysler Group may eventually return to the ranks of publicly traded companies. According to Bloomberg, the Fiat and Chrysler CEO gives that a "50 percent chance" of happening, but he doesn't appear to favor that ...

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    Report: Fiat talking with banks about buying rest of Chrysler
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    All that stands in the way of Fiat's total ownership of Chrysler is a 41.5-percent stake currently held by the United Auto Workers healthcare trust, but according to SFGate.com, Sergio Marchionne is currently trying to raise the capital to complete the acquisition. The article says that a deal ...

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    Report: Fiat contemplating sub-brand to compete with Dacia, Datsun
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    You can add Fiat to the admittedly short list of automakers considering a low-cost brand to rival Dacia. The inexpensive Eastern European brand from Renault-Nissan has performed on the balance sheet like a premium model line, and the money the alliance is taking off the table is encouraging other ...

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    Report: Fiat to build Maserati SUV in Turin, Alfa Romeo version possible
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    Automotive News Europe reports Fiat will build its new Maserati Levante SUV in Turin, Italy. CEO Sergio Marchionne confirmed in an interview that the luxury utility will be manufactured at Fiat's flagship plant, and that the Mirafiori facility may build an Alfa Romeo SUV variant as well. Reports ...

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    Video: Wish you had a world-famous auto exec give your commencement speech? Watch this
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    We've seen some pretty great commencement speeches over the years. There was Steve Jobs' incredibly inspiring Stanford address in 2005, John Stewart's insightful speech to the graduating class of William and Mary in 2004 and Steven Colbert's hilarious 2011 address at Northwestern, but automotive ...

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    Report: Chrysler expecting up to 200,000 9-speed transmissions for 3 models this year
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    Striving for improved fuel economy, we already knew that Chrysler will begin using a nine-speed automatic transmission in some of its new products this year, but what we haven't known is that volume at which this gearbox will be used. According to Bloomberg, Chrysler CEO Sergio Marchionne has ...

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    Marchionne on Alfa's US return, Dodge Dart's powertrain weakness and minivan plans
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    As a reporter covering an auto show, the one opportunity you never want to miss is going to the Sergio Marchionne press briefing. "This undertaking to bring Alfa back is a one-shot deal... We are not going to do this twice." There just aren't that many real characters left in the auto ...

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    Report: Fiat and PSA predicted to be Europe's biggest losers in 2013
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    Industry observers are expecting Europe's new vehicle sales to fall to lows not seen in decades, with Fiat and PSA/Peugeot-Citroën sitting in the lead car of the plummeting coaster. Both of those automakers traditionally count on the southern part of the continent for sales, yet consumers in ...

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    Report: Marchionne uses racial epithet to describe what must power future Alfa Romeo models
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    Sergio Marchionne and his Fiat empire have a lot riding on the US return of the Alfa Romeo brand. The endeavor has been in progress for what feels like a lifetime – certainly for as long as Fiat has had the Chrysler brand under its Italian wing. It's not surprising that Fiat CEO Marchionne ...

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