Tag Archives: Sergio Marchionne
2011 Fiat 500 Sport

Report: Fiat will fall short of its sales target for 2012

  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 [...]

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Sergio Marchionne

Fiat to increase stake in Chrysler by 5% if Dodge Dart gets 40 mpg rating

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 [...]

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Marchionne counting on Ferrari designer to give Chrysler, Lancia some common style

Marchionne counting on Ferrari designer to give Chrysler, Lancia some common style

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 [...]

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Marchionne: Doing more with less and worker smart is the only way to survive in the auto industry

Marchionne: Doing more with less and worker smart is the only way to survive in the auto industry

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 [...]

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Chrysler Group reports net income of $212 million for third quarter

Chrysler Group reports net income of $212 million for third quarter

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 [...]

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Marchionne: Maserati is our answer to Porsche and Bentley, not Ferrari

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 [...]

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Guess who want’s to build hybrids after all? Chrysler 300 Hybrid and diesel Jeep Grand Cherokee coming 2013

Guess who want’s to build hybrids after all? Chrysler 300 Hybrid and diesel Jeep Grand Cherokee coming 2013

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 [...]

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Fiat will increase stake in Chrysler to 58.5% by end of this year

Fiat will increase stake in Chrysler to 58.5% by end of this year

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 [...]

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Marchionne: Suzuki would be an interesting partner for Asian markets

Marchionne: Suzuki would be an interesting partner for Asian markets

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 [...]

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Marchionne: Chrysler and Fiat aim to produce 6 million units a year by 2014

Marchionne: Chrysler and Fiat aim to produce 6 million units a year by 2014

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 [...]

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