Fiat SpA will fall short of its 2.7 million sales target for 2012 by half a million units, while Chrysler Group LLC is estimated to hit its goal of selling 2.4 million vehicles, the Italian company said. Fiat and Chrysler CEO Sergio Marchionne expects both groups to grow to 4.6 million in total vehicle [...]
Chrysler yesterday dropped the first teaser images and details on the new 2013 Dodge Dart compact car that will be unveiled at the 2012 Detroit Auto Show. CEO Sergio Marchionne now says that when the car’s fuel-efficiency is certified at 40 mpg or more by the end of the month, Fiat SPA could increase its [...]
Imagine what would happen if a Ferrari designer blessed Chrysler models with some style? Well, that’s exactly what’s going on right now as we type this. Fiat SpA, which now owns a controlling stake in Chrysler Group LLC is counting on Lorenzo Ramaciotti, the designer of the Ferrari 612 Scaglietti, to make Chrysler models appear [...]
Fiat and Chrysler’s CEO Sergio Marchionne said he remains strong on the idea that the only for an automaker to make it in the 21st Century is to get bigger and work smarter with a do more with less mentality. About three years ago, Marchionne made a prediction that the global financial crisis would leave [...]
Chrysler today reported a net income of $212 million for the third quarter – that compares fairly well to a net loss of $84 million a year ago. The Auburn Hills automaker attributes the increase in sales to its alliance with Fiat. Chrysler reported a net revenue of $13.1 billion for the third quarter of [...]
Fiat SpA’s CEO Sergio Marchionne is proving to be a hard worker, from taking up the task of rescuing the Chrysler Group, to making radical changes to keep up with other automobile conglomerates like General Motors, Volkswagen AG and Toyota Motor Corporation. As part of those radical changes, Marchionne set some ambitious plans for Maserati [...]
In the November 2009 5-year plan that Sergio Marchionne unveiled for Chrysler, he said that 14 percent of its global sales would be powered by diesels by 2014. The CEO of the Auburn Hills automaker was never really fan of going the hybrid route… until now. To comply with tougher U.S. fuel-economy standards proposed for [...]
Fiat SpA said that it expects to increase its stake in Chrysler to 58.5 percent by the end of 2011 as it achieves a preset performance target.Fiat currently owns 53.5 percent of the Chrysler Group LLC. The final test will be the production of a Fiat-based compact car that can achieve 40 mpg. Fiat and [...]
Suzuki and Volkswagen are apparently filing for a divorce after Volkswagen claimed that Suzuki violated its cooperation agreement with the automaker by purchasing diesel engines from Fiat SpA. Fiat has been pretty quite on the whole matter… until now. Speaking at the 2011 Frankfurt Motor Show, Fiat CEO Sergio Marchionne said that Suzuki would be [...]
Sergio Marchionne, Fiat and Chrysler CEO says that despite the unstable global economic state, the brands are still sticking with the goal of selling 6 million cars per year by 2014. With Europe on a continual decline, Fiat’s greatly important Italian market is going to suffer, and sales forecasts are the lowest they have been [...]
