Cars
With Fiat shares losing 30% of their value in the first nine months of the year, the company's sales hitting a 20-year low point in Italy, its European market share shrinking from 8.2% to 7.3% and all of its domestic plants recording losses, CEO Sergio Marchionne has been pushing for an increase in productivity.
- Fiat-chrysler Ceo To Announce 2013-2014 Sales Projection On October 30, Attacks Veba
It’s not the best of times to be a Chrysler-Fiat executive, never mind the group's CEO. Sales keep falling due to the European crisis, your Italian factories are operating at less than 50 percent of their capacity and you have postponed the...
- Marchionne Says Fiat May Close Two Italian Plants If U.s. Export Plans Fail
Fiat CEO Sergio Marchionne may have succeeded in signing a deal with the Italian worker unions, yet decreasing demand in the struggling European market may still force him to take extreme measures. And while Marchionne does not expect the situation in...
- Marchionne Threatens To Leave Industry Body Over Fiat-union Brawl
Fiat S.p.A.’s CEO, Sergio Marchionne, threatened to pull out of the Italian industry federation from January 1, 2012, unless there is some progress with the union talks. This is only the last episode between Fiat's boss and Italy’s...
- Fiat’s Future In Italy Could Be At Stake Due To Disagreements With Unions
As previously reported, Fiat hasn’t been able to secure agreements with all Italian unions regarding a key productivity deal to help the automaker to keep its turnaround strategy on track. With a hard-line union planning a strike later this month,...
- Fiat Denies Reports That It Has Come To An Agreement With Chrysler Unions
The Fiat Group has just issued a statement through the company's official spokeperson rejecting a report from the Italian news agency ANSA claiming that American and Canadian car unions had approved a deal between Chrysler and Fiat. The news agency...
Cars
Fiat Group Signs Deal with Italian Union on Labor Pact
With Fiat shares losing 30% of their value in the first nine months of the year, the company's sales hitting a 20-year low point in Italy, its European market share shrinking from 8.2% to 7.3% and all of its domestic plants recording losses, CEO Sergio Marchionne has been pushing for an increase in productivity.
The workers’ unions, though, have been resisting changes, threatening with strikes and legal action against the Italian automotive group. This, along with the Italian crisis and the fact that Chrysler is the one keeping the group afloat, has led analysts to predict that Fiat may go as far as to partially abandon its home market.
Read more »- Fiat-chrysler Ceo To Announce 2013-2014 Sales Projection On October 30, Attacks Veba
It’s not the best of times to be a Chrysler-Fiat executive, never mind the group's CEO. Sales keep falling due to the European crisis, your Italian factories are operating at less than 50 percent of their capacity and you have postponed the...
- Marchionne Says Fiat May Close Two Italian Plants If U.s. Export Plans Fail
Fiat CEO Sergio Marchionne may have succeeded in signing a deal with the Italian worker unions, yet decreasing demand in the struggling European market may still force him to take extreme measures. And while Marchionne does not expect the situation in...
- Marchionne Threatens To Leave Industry Body Over Fiat-union Brawl
Fiat S.p.A.’s CEO, Sergio Marchionne, threatened to pull out of the Italian industry federation from January 1, 2012, unless there is some progress with the union talks. This is only the last episode between Fiat's boss and Italy’s...
- Fiat’s Future In Italy Could Be At Stake Due To Disagreements With Unions
As previously reported, Fiat hasn’t been able to secure agreements with all Italian unions regarding a key productivity deal to help the automaker to keep its turnaround strategy on track. With a hard-line union planning a strike later this month,...
- Fiat Denies Reports That It Has Come To An Agreement With Chrysler Unions
The Fiat Group has just issued a statement through the company's official spokeperson rejecting a report from the Italian news agency ANSA claiming that American and Canadian car unions had approved a deal between Chrysler and Fiat. The news agency...