Sergio Marchionne
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There were rumblings late last year that Fiat may sell off part of its stake in Ferrari to help raise cash to fund its merger with Chrysler, with the famous sports car manufacturer from Maranello at the time being valued at around $3.3 billion. Speaking recently to an investment group keen to see the sale of Ferrari, along with a possible initial public offering (IPO), Marchionne said that Ferrari was worth at least $7.3 billion. This is about $3 billion more than what analysts believe Ferrari is worth and close to 63 percent of Fiat's entire market value. Ferrari, after all, is the Italian...
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Fiat-Chrysler Boss Sergio Marchionne Shows Off Personal Ferrari Enzo
What many may not know about Fiat-Chrysler boss Sergio Marchionne is that the unassuming auto exec in a sweater is an avid performance car fan, especially the high-performance cars from Ferrari. At a recent press event in Balocco, Italy, Marchionne took the opportunity to show off his own personal...
Viknesh Vijayenthiran -
Alfa Romeo U.S. Launch Pushed Back To 2013: Report
We’ve reported extensively on Alfa Romeo’s relaunch plans for the U.S., with most recent reports suggesting the brand’s return would take place sometime in 2012, led by the stunning 4C sports car and brand new Giulia sedan. Now, people familiar with Alfa Romeo’s plans are...
Viknesh Vijayenthiran -
Porsche Engines For Alfa Romeo, If Volkswagen Gets Its Way
The heads of Volkswagen and Fiat are currently in a battle of words over the future of Alfa Romeo, with both sides publicly boasting they know what’s best for the struggling Italian brand. At the recent 2011 Geneva Motor Show Volkswagen chairman Ferdinand Piech proclaimed that he could...
Viknesh Vijayenthiran -
2011 Geneva Motor Show Preview: Lancia Reveals Rebadged Chrysler Range
As we all know the Chrysler brand has been axed in Europe, with its cars continued to be sold across the Atlantic but soon-to-be wearing Lancia badges instead (excluding the UK). Today, just a few weeks out from the 2011 Geneva Motor Show, the rejuvenated Lancia brand is showing off its new lineup...
Viknesh Vijayenthiran -
Chrysler 300 Hybrid Coming In 2013
It’s official. Chrysler plans to launch a gasoline-electric hybrid version of its latest generation 300 sedan, the information revealed by company CEO Sergio Marchionne at the 2011 Detroit Auto Show last week. It will be fitted with an eight-speed automatic transmission and will be on sale in...
Viknesh Vijayenthiran -
As we all know the Chrysler brand has been in axed in Europe, with its cars continuing to be on sale across the Atlantic but wearing Lancia badges instead. We’ve already reported on the new 2011 Chrysler 300 being sold in Europe as a Lancia Thema and now we have news that the mid-size 200 will also make it to Europe, with Flavia its most likely name. The information was revealed by Fiat-Chrysler CEO Sergio Marchionne who also confirmed that the new Lancia version of the 200 would make its world debut at the 2011 Geneva Motor Show in March. Importantly, both the sedan and a new...
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Italian Plant To Build New Alfa Romeo And Jeep SUVs
Hot on the heels of news that Maserati will be launching a new SUV based on the Jeep Grand Cherokee in 2013 comes confirmation that Alfa Romeo will also get its own Jeep-based SUV, a key model in the Italian brand’s return to the U.S. market. The confirmation comes from the highest source...
Viknesh Vijayenthiran -
Fiat To Sell Part Of Ferrari Stake Before Chrysler Merger?
According to Fiat CEO Sergio Marchionne, Fiat may sell off part of its Ferrari stake before its merger of Chrysler into the group. The move may seem counterintuitive, divesting part of one of the world's most iconic brands for the sake of one of the world's most troubled, but Marchionne explains...
Nelson Ireson -
Is Ferrari Volkswagen’s Next Acquisition Target?
Volkswagen is intent on becoming the world’s biggest automaker, and of late, it's been looking more and more like a realistic goal. In the past year alone we’ve seen Volkswagen successfully acquire--or at least lay the groundwork to--Porsche, Italdesign-Giugiaro and a sizeable chunk of...
Viknesh Vijayenthiran -
Alfa Romeo Plans Full Lineup For U.S. Market
Fans of Italian styling are anxiously awaiting Fiat and Alfa Romeo's return to the U.S. now that the alliance deal between the Italian auto giant and Chrysler is in full swing. However, while Fiat is confirmed to be here at the end of this year with its 500 minicar, the more premium Alfa Romeo...
Viknesh Vijayenthiran -
Marchionne: Fiat-Based Chryslers On Sale Before 2012, IPO Possible
While itâs looking more and more likely that the first Alfa Romeos wonât go on sale in the U.S. until 2012, a new range of Chrysler models based on Fiat platforms could be on sale before then. Chrysler is planning to use Fiatâs compact car...
Viknesh Vijayenthiran -
With Chrysler’s new parent Fiat making the hard and fast decisions, the automaker is now on track to return to profitability and the first signs of progress are already showing. Chrysler announced today that it made an operating profit of $143 million in the first three months of 2010, helped by last year's severe cost-cutting and sales of the new Ram Heavy Duty pickup trucks. Note that this is operating profit, so when you factor in things like interest and taxes, Chrysler is still left with a net loss of $197 million. Still, it's an indication that Detroit's smallest and weakest automaker...
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Report: 2011 Chrysler 300 Being Rushed For November Launch
A brand new version of the Chrysler 300 is just around the corner, kicking off a product renaissance at Chrysler that will include a score of new or updated models over the next couple of years. The Auburn Hills-based automaker has already previewed its upcoming 2011 Chrysler 300 in a series of...
Viknesh Vijayenthiran -
Chrysler And Lancia To Reveal Joint Product Plan In Geneva
Chrysler’s lineup, both in North America and Europe, is in for a major shakeup over the next couple of years now that the expanding Fiat Group and its demanding CEO Sergio Marchionne are pulling all the strings. We’ve already seen hints of some of the plans with the unveiling of the...
Viknesh Vijayenthiran -
Marchionne To Leave Either Fiat Or Chrysler Within Two Years
Steering both corporations is no small task.
Nelson Ireson -
Early Look At Fiat And Chrysler’s U.S. Model Roll Out
The success of the Fiat-Chrysler partnership will depend on how Chrysler copes with the next two years.
Viknesh Vijayenthiran -
Marchionne: Chrysler Profitable By 2011
As a public company, Chrysler will have to release quarterly financial statements once again.
Viknesh Vijayenthiran -
The move is something of a surprise after Press was kept on through the Fiat purchase of Chrysler.
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Chrysler officially extends PT Cruiser's lifespan by another year
On the back of falling sales and a model run that has lasted more than nine years, Chrysler decided back in January to end production of the PT Cruiser by the middle of this year. In June, we brought you word that the retro-styled wagon would live on for at least another year, and now Chrysler has...
Ralph Hanson -
Restructured ‘Chrysler Group’ completes formation of new board
With Chrysler’s bankruptcy process now well and truly behind it, and the appointment of a new name and CEO taken care of, the final steps of the company’s restructuring are finally coming to head. Today the company announced the appointment of additional members to its board of...
Ralph Hanson -
Report: Alfa Romeo to sell re-branded Dodge cars in Europe
Last week we brought you news of Alfa Romeo's plans for the U.S. and the support and enthusiasm that's growing over Alfa's attractive designs. This week there's news of cars going the other way across the Atlantic, this time Dodges to be re-branded as Alfa Romeos for Europe. It's not the only...
Alex Kaufmann -
New details emerge on Alfa Romeo's plan for the U.S.
Alfa Romeo is a brand remembered fondly in living memory, and in the case of the 8C, desired greatly in the present, in the United States. Fiat's reputation with Americans is a different story - and that's why CEO Sergio Marchionne is focusing his efforts on the Alfa Romeo nameplate. So far only...
Nelson Ireson -
Fiat-Chrysler deal official, Marchionne takes helm as CEO
After a dramatic courtship, government intervention and the odd Supreme Court order, Fiat and Chrysler have finally tied the knot. The new 'global strategic alliance' expands Fiat's reach back into the U.S., while offering the 'new' Chrysler - which is already in operation - the support it needs to...
Nelson Ireson