Sergio rethinks FCA-GM merger idea, dismisses critics
FCA leader Sergio Marchionne has shot down reports that his company's attempts at a merger were out of desperation, saying it was not "life or death."
FCA leader Sergio Marchionne has shot down reports that his company's attempts at a merger were out of desperation, saying it was not "life or death."
The struggling Chinese market is the reason for the delay in the new Alfa Romeo Giulia, an unnamed CUV, and a Maserati Alfieri sports car.
Yes, Alfa Romeo delayed the Giulia. Yes, it'll likely impact the company's US return. Yes, it's probably safer to bet on the Cubs to win it all in 2016 than Alfa to return.
Some think a publicly traded Ferrari signals the beginning of the end for the Italian automaker. But there's plenty of evidence to suggest that the company's recent IPO might lead to some of its best years yet.
The Ferrari IPO is oversubscribed throughout its price range, investors telling banks that the potential 18.89 million shares on offer won't come close to satisfying demand.
We've been hearing rumors of Ferrari's impending initial public offering for months. This time, it might finally happen, and soon.
The production homes of the Chrysler 200, Dodge Dart, Ram 1500, and Jeep Cherokee could be moving as part of the new labor contract between FCA and the UAW.
The two-tiered wage structure that governs the way domestic car companies pay their unionized employees – and rankles many of them in the process – could soon be a thing of the past.
Sergio Marchionne is very publicly seeking a merger between FCA and GM. It may work out well for him, but is it the right choice for the long haul?
An Automotive News article lays out reasons why a leaner, more focused, more disciplined General Motors has no desire to merge with Fiat Chrysler Automobiles.
Any real work on FCA's attempted merger with GM is likely to come after the Ferrari spinoff early next year.
Sergio Marchionne might push back his retirement a few years to stay at the top of FCA until 2020, but he's already considering possible replacements.
Sergio Marchionne is hinting that a hostile takeover attempt could be in the cards to get GM at least to consider a merger with FCA. He believes the combined companies could have earnings of $30 billion annually.
Sergio Marchionne may be appointed in the other top spot at Ferrari to become the sports car brand's CEO soon. He's already the Italian company's chairman.
FCA is showing off all sorts of future products right now at a dealer conference in Vegas, including a new Barracuda, Jeep Grand Cherokee Trackhawk and Dodge Dart GLH.
Former Ferrari chairman Luca di Montezemolo doesn't seem sure that an IPO is the right step for a sports-car brand that thrives on exclusivity.
Sergio Marchionne sees cooperation with the UAW as a key to a future merger with General Motors. In the deal, Marchionne could potentially take advantage of the 8.7 percent of GM stock that's owned by the union's health care trust.
FCA is rumored to be considering selling off parts supplier Magneti Marelli, possibly for around $3.3 billion. Such a deal likely wouldn't come until after the Ferrari IPO, though.
Fiat Chrysler Automotive Sergio Marchionne told reporters at the Toronto Global Forum that the Ferrari IPO could come within days.
Sergio Marchionne figures Ferrari is worth $11 billion. Yes, that's right: billion, with a B. And we'll soon find out as the company's IPO is just around the corner.