Luca di Montezemolo Officially Resigns as Fiat Chairman
20 Apr 2010, 14:19 UTC · By: Dan Mihalascu / Fiat issued a press release today announcing that Luca Cordero di Montezemolo will resign from his position of Fiat group chairman. He will announce the resignation personally, during a press confer...
Montezemolo to Step Down as Fiat Chairman, Elkann to Succeed Him
20 Apr 2010, 13:09 UTC · By: Dan Mihalascu / Fiat chairman Luca Cordero di Montezemolo is expected to quit the Italian automaker’s top management position to go into politics, three sources close to the company disclosed to the Automotiv...
Fiat Chairman Says Next European Car Alliance May Involve PSA
13 Apr 2010, 09:30 UTC · By: Dan Mihalascu / Fiat and Chrysler CEO Sergio Marchionne believes that the next European car alliance will involve the French group PSA Peugeot Citroen, the largest manufacturer of its country. "The next merger...
Fiat's U.S. Return Lead by Laura J. Soave
11 Mar 2010, 08:39 UTC · By: Andrei Tutu / Fiat has far greater plans for the U.S. market than just reviving Chrysler. As it previously announced, the brand will re-enter the U.S. market, with the 500 as the first model to be brought states...
Fiat CEO Sergio Marchionne Received a 41 Percent Pay Rise in 2009
22 Feb 2010, 10:41 UTC · By: Andrei Tutu / Fiat’s Chief Executive Officer, Sergio Marchionne, earned $6.5 million in 2009 (4.8 million euro), a figure which can be translated into a 41 percent increase, as Bloomberg reports, citing da...
Chrysler CEO Cancels Chicago Speech
9 Feb 2010, 14:21 UTC · By: Alex Vasile / As the Chicago Auto Show is getting closer, everybody’s expectations get bigger. The auto industry has had a good start this year, as most automakers reported important sales increase. So we&r...
Fiat 500 Built in Mexico to Help Chrysler
9 Feb 2010, 11:44 UTC · By: Andrei Tutu / Mexico will become a strategic location for Chrysler’s financial recovery, as the Fiat Chief Executive Sergio Marchionne told Reuters that the company could build 130,000 Fiat 500s in the coun...
Fiat to Launch New Panda in 2011
2 Feb 2010, 09:30 UTC · By: Bogdan Popa / Italian carmaker Fiat will roll out the new Panda in 2011, after CEO Sergio Marchionne decided to suspend new car launches between October 2008 and December 2009 in a move to counteract the economic...
Unions Slam Fiat for Production Stop
1 Feb 2010, 14:23 UTC · By: Alex Vasile / Sergio Marchionne’s decision to shut down production at Fiat’s Termini Imerese factory in Sicily seems to have serious repercussions, as both the Fiat Unions and the Italian government a...
Marchionne Doubtful That Saab-Spyker Would Work
28 Jan 2010, 07:37 UTC · By: Bogdan Popa / General Motors yesterday announced its decision to sell Saab to Dutch carmaker Spyker and everyone was happy to finally find out that the Swedish brand will survive. However, some people involved in...
Marchionne Says Sicily Plant Will Be Shut
17 Jan 2010, 07:23 UTC · By: Alexandru Radu Chis / On location in Detroit at an industry event on Wednesday, Fiat SpA Chief Executive Sergio Marchionne announced Fiat will continue with the company’s plans to shut down the Termini Imerese, fro...
Marchionne Expects Chrysler Profitable in 2010
14 Jan 2010, 09:20 UTC · By: Bogdan Popa / Sergio Marchionne is probably the most optimistic person within Chrysler's new board as the Italian sees the US-based manufacturer profitable in 2010, despite the difficult times the company en...
Fiat's Italian Plans Revealed
23 Dec 2009, 08:22 UTC · By: Bogdan Popa / Although Fiat is currently involved in the US expansion, together with its new ally Chrysler, the Italian manufacturer is also very focused on its domestic operations and recently presented its futu...
Alfa Romeo at Risk, Marchionne Demands Close Review
3 Dec 2009, 13:35 UTC · By: Bogdan Popa / Fiat is one of the world's five largest automakers and the company is looking to consolidate its leading position by eliminating all money-losing brands that could block its ambitious growth. U...
Fiat to Show Plans for Italy
28 Nov 2009, 09:08 UTC · By: Alex Vasile / Sergio Marchionne, CEO of carmakers Fiat and Chrysler Group, will present the Italian government a restructuring plan of the production in Italy, in an attempt to secure tax breaks for new cars. The...
Chrysler Wants Brand Separation in Showrooms
16 Nov 2009, 11:58 UTC · By: Alex Vasile / Chrysler Group is really taking change seriously, as it decided to talk to dealers about a proposal to divide showrooms into "salons" featuring each of the company's four vehicle bran...
Chrysler to Refresh Seven Models in 18 Months
15 Oct 2009, 10:49 UTC · By: Bogdan Popa / Chrysler will announce its five-year plan on November 4 but it seems that the US-based manufacturer wants to redesign seven or more models in the next 18 months, as part of its attempt to increase i...
LaHood: Marchionne Is the New Iacocca
14 Oct 2009, 09:08 UTC · By: Bogdan Popa / Sergio Marchionne, the new Chrysler CEO, is seen as the only one capable to rescue the US-based former bankrupt automaker, as the Italian has already announced a bunch of plans to help the company s...
Marchionne Promises: Chrysler to See Profit in 2011
12 Oct 2009, 08:54 UTC · By: Bogdan Popa / The new Chrysler, as the company is called after the official exit from bankruptcy, is going to become profitable in 2011. At least, this is what the new CEO of the company, Sergio Marchionne, is pr...
Marchionne: Chrysler Will Sell Better in November
7 Oct 2009, 10:49 UTC · By: Bogdan Popa / Chrysler posted total US sales of 62,197 units, a decrease of 42 percent versus September 2008. But Sergio Marchionne, the new Chrysler CEO who joined the company as part of the alliance with Fiat, ...