Senior Editor Greg Migliore recaps the week in automotive news, including a look at the Faraday Future ground-breaking in Nevada, and the General Motor's seatbelt recall.
Marchionne wants FCA to partner with Apple on Project Titan.
When it comes to building a pure EV, "You'd have to shoot me first," says the Ferrari boss.
Sergio Marchionne says that the next Jeep Wrangler is not fully aluminum, which might keep production in Toledo, OH. Also, the company is working with NHTSA to fully comply with the agency's requests for the upcoming public hearing.
FCA will likely stick with its original plan and won't put more than 10 percent of Ferrari shares on the market during the Italian sports-car company's IPO later this year, according to Sergio Marchionne.
You won't be seeing Sergio Marchionne in his famous sweaters running day-to-day operations of Fiat Chrysler Automobiles from Michigan. Although, he won't be doing it from Italy, either. The FCA CEO recently announced that the company's corporate headquarters would be located in London.
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 interior touches. The colors of the Italian flag run down the length of the seats, and tri-color GTS badges adorn the exterior.
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 product, I just won't. I won't put an American engine into that car. With all due respect to my American friends, it has to be a wop engine." The CEO penned an apology to the Italian American ONE VOICE Coa
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 scenario: "My preference is to be one single company... we belong together."
Chrysler is moving to start a charity in honor of CEO Sergio Marchionne. The company's board of directors has voted to create a foundation to grant educational awards. Ronald Thompson, Chrysler's lead director, said the charity is a fitting tribute to Marchionne and all he has accomplished since coming to the American manufacturer.
Sergio Marchionne, CEO of both Chrysler and Fiat, has stated that the planned unification of both companies will have to wait a little longer as the Italian automaker grapples with the European financial crisis. Marchionne has previously stated that the goal was to achieve unification as early as 2014, but that has temporarily been put on the back burner while Fiat aims to strengthen its finances.
General Motors took a hit to third quarter earnings compared with last year due to European struggles, but handily beat Wall Street forecasts thank to strong demand for its vehicles in the U.S. and better profit margins.
Chrysler reports that its vehicle sales jumped by 12 percent in the third quarter over the same period in 2011. That step up was enough to bump profits by 80 percent to $381 million on $15.5 billion of net revenue. Moving forward, the automaker expects to see fourth-quarter profit of $210 million, which should help the company realize its forecast of $1.5 billion of net profit for the year. Reuters reports Chrysler CEO Sergio Marchionne expects the automaker's free cash flow for 2012 to be "well
Despite the fact that Fiat has a controlling stake in Chrysler, the Italian automaker cannot take advantage of the Pentastar's recent success to ease its pain in Europe.
Chrysler has gotten on pretty well in the post-bankruptcy world, with a big assist from its newest master. But while Chrysler has seen dramatic improvement thanks to refreshes and a few new models, the next couple years could be very exciting.
It's a near-endless tale, the story of the all-electric Fiat 500. Whether you're looking back at 2010, 2011 or earlier in 2012, there's been reports and claims and stories. Today, there's more.
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 Chrysler, the company's employees were all afraid the company wouldn't survive. Now, he says, that fear is gone. The segment explains how Marchionne saw early on how well Chrysler strengths, specifically in mi