The Truth About Cars (Free subscription) | 20/11/2009
UBS has cut Fiat’s rating from “buy” to “neutral”. UBS cites its cautious views on car demand in Europe and Brazil as well as heavy trucks and machinery, the areas is which Fiat are strongest. UBS notes that Sergio Marchionne’s grand scenario of spinning off Fiat’s auto division is still the company’s goal, and PSA [...]
PR News Wire (Free subscription) | 19/11/2009
CHICAGO, Nov. 19 /PRNewswire-USNewswire/ -- Sergio Marchionne, Chief Executive Officer of Chrysler Group LLC, will address the Economic Club of Chicago (ECC) at the group's annual Chicago Auto Show luncheon meeting on Feb. 11, 2010. The event will be held at 12 p.m. CST in the Vista Ballroom of McCormick Place during the show's media preview.
Auto Channel (Free subscription) | 20/11/2009
"Chicago's is the biggest display Chrysler builds for any show anywhere in the world," said OICA-sanctioned Chicago Auto Show Chairman John Phelan. "The attention Sergio Marchionne and his Chrysler team generated at its recent Business Plan meetings in Auburn Hills demonstrates the intense interest in the direction of this company. Like the rest of the business world, we're eager to hear...
Auto Channel (Free subscription) | 20/11/2009
Chrysler's Marchionne to Address Economic Club at Chicago Auto ShowSergio MarchionneCHICAGO - November 20, 2009: Sergio Marchionne, Chief Executive Officer of Chrysler Group LLC, will address the Economic Club of Chicago (ECC) at the group's annual Chicago Show luncheon meeting on Feb. 11, 2010. The event will be held at 12 p.m. CST in the Vista Ballroom of McCormick...
eGMCarTech (Free subscription) | yesterday
Earlier this month, Chrysler Group LLC’s CEO Sergio Marchionne unveiled what he has planned for the American automaker under its alliance with Fiat SpA. At the time, Dodge president and CEO Ralph Gilles confirmed that Chrysler will produce only 500 more units of the Dodge Viper and that a new sports car will replace the [...]
Green Car Advisor (Free subscription) | yesterday
... five auto plants in the country, with the workforce totaling 31,000. Fiat Chief Executive Officer Sergio Marchionne has said he intends to cut production in line with shrinking demand. Instead, the company should bring electric-car technology to Italy through its link with Chrysler, Airaudo said. "There's no reason to limit the development of electric cars to the U.S.,"...
Globe and Mail (Free subscription) | yesterday
Somehow, the only person who could fix Fiat turned out to be a uniquely qualified manager from Toronto. Now for Sergio Marchionne’s encore: Chrysler
Detroit Free Press (Free subscription) | 6 hours ago
This year's World Congress will feature Chrysler Group LLC CEO Sergio Marchionne, Ford Motor Co. President and CEO Alan Mulally and General Motors Co. President and CEO Fritz Henderson, as well as top executives from Toyota and Honda.
Detroit News Online (Free subscription) | 8 hours ago
Chrysler tried last year to sell the Viper division -- plant and all -- but failed to attract any decent offers. After emerging from bankruptcy and forming a new company with partner Fiat SpA, CEO Sergio Marchionne decided to keep Viper as an icon for Dodge.
Gasgoo.com (Free subscription) | yesterday
Unions are concerned Fiat may shift production of new models to North America following its alliance with Chrysler Group LLC. Chief Executive Officer Sergio Marchionne has urged Italy to retain payments for scrapping older cars and buying more efficient ones to buoy sales amid the economic slump.
Auto Channel (Free subscription) | 24/11/2009
... the following statement about the program:Just two weeks ago, Chrysler's Chief Executive Officer Sergio Marchionne told reporters that he wanted to reduce the automaker's reliance on discount programs. As we have come to expect from the company, that was obviously just talk. Chrysler's new incentive program will offer potential buyers 0 percent financing for 60 months or as much as...
Detroit News Online (Free subscription) | 24/11/2009
Last Updated: November 24. 2009 3:18PMChrysler appoints new treasurer, chief information officerAlisa Priddle / The Detroit NewsChrysler Group LLC today announced the appointments of a new treasurer and chief information officer. Joining the automaker's management team is Scott Sandschafer, who becomes vice president and chief information officer on Dec. 1, reporting to CEO Sergio Marchionne....
The Telegraph (Free subscription) | 24/11/2009
... capable but it will have to be done by businesses themselves, it cannot be shaped by government." Sergio Marchionne, the chief executive of Fiat, wanted to combine his Italian company with Vauxhall/Opel and Chrysler to create the second biggest automotive manufacturer in the world. Mr Marchionne, who believes the industry's future will be shaped around a handful of large car...
The Truth About Cars (Free subscription) | 22/11/2009
Fiat is facing a new distraction. While Sergio Marchionne has worldwide plans with zombie Chrysler, Fiat is facing an insurrection at home. Well, close to home. The German dealer council of Fiat has unanimously decided to sue Fiat Germany. Two actions by Fiat raised the dealers’ ire: To cope with the post-Abwrackprämien-partem blues, Fiat plans to give [...]
Gasgoo.com (Free subscription) | 21/11/2009
Fiat SpA may have to close factories in Italy, given sharp falls in auto sales which have changed the sector dramatically, Chief Executive Sergio Marchionne said on Friday. Keeping all the factories open "is a request that is not feasible," Marchionne, who is also head of U.S.
