Photo: Maserati
Fiat Chrysler reaped the benefits of turning Ferrari S.p.A. into Ferrari N.V., and the Italo-American group suggested time and time around other brands will follow a similar path. Alfa Romeo and Maserati, which are two Fiat Chrysler-owned automakers often touted to be spun off, won’t be separated in the near future.
Speaking to Automotive News on the sidelines of the 2017 Italian Grand Prix, the head honcho of Ferrari and Fiat Chrysler said it as it is. “The way we see it now, it's almost impossible - if not impossible - to see a spin-off of Alfa Romeo and Maserati, these are two entities that are immature and in a development phase.” Although sweater-wearing Sergio Marchionne is known for his mad comments, the 65YO exec makes sense on this occasion.
For starters, both Alfa Romeo and Maserati are extremely dependent on the manufacturing facilities of Fiat Chrysler, as well as the parts bin of vehicles such as the Ram 1500 and Dodge Dart. Regarding the immature bit, Marchionne refers to how the two automakers depend on the highly profitable Jeep and Ram Truck for cash flow. For what it’s worth, the Italian executive’s comment can be summed up as just another case of bad timing.
At the Italian GP, where Ferrari lost to Mercedes-AMG’s silver arrows despite high expectations from both the Scuderia and the Tifosi for Sebastian Vettel and Kimi Raikkonen, the boss of FCA denied any takeover deal. When asked if the Chinese or any other entity made an offer to buy Fiat Chrysler, Sergio Marchionne replied with a “no,” putting an end to all the media's hearsay.
"There are activities within the group that do not belong to a car manufacturer, for example the components businesses. The group needs to be cleared of those things,” he said, adding that the focus is to deliver on the company’s plan for 2018. On that note, a formal announcement could be made on this matter later this month by FCA’s board of directors.
For starters, both Alfa Romeo and Maserati are extremely dependent on the manufacturing facilities of Fiat Chrysler, as well as the parts bin of vehicles such as the Ram 1500 and Dodge Dart. Regarding the immature bit, Marchionne refers to how the two automakers depend on the highly profitable Jeep and Ram Truck for cash flow. For what it’s worth, the Italian executive’s comment can be summed up as just another case of bad timing.
At the Italian GP, where Ferrari lost to Mercedes-AMG’s silver arrows despite high expectations from both the Scuderia and the Tifosi for Sebastian Vettel and Kimi Raikkonen, the boss of FCA denied any takeover deal. When asked if the Chinese or any other entity made an offer to buy Fiat Chrysler, Sergio Marchionne replied with a “no,” putting an end to all the media's hearsay.
"There are activities within the group that do not belong to a car manufacturer, for example the components businesses. The group needs to be cleared of those things,” he said, adding that the focus is to deliver on the company’s plan for 2018. On that note, a formal announcement could be made on this matter later this month by FCA’s board of directors.
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