Cars
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 long-awaited return of Alfa Romeo to the U.S. market more times than even you can recall. At the same time, the local government and workers’ unions are, understandably, pressuring you to keep your factories operational.
Nevertheless, Sergio Marchionne isn’t willing to give up so easily. In fact, he has already met with the Italian PM and assured him that even though he won't implement the €20 billion (US$26 billion) investment plan that he announced last year, he won’t close any plants either.
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Fiat-chrysler Ceo Marchionne Uses Racial Slur For New Alfa Romeo Engine
Alfa Romeo’s return to the U.S. market, which is supposed to revive the historic Italian brand that’s currently on life support, has been announced more times than we can recall, only to be postponed time and time again. In our 2013 NAIAS...
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Fiat 500x And Small Jeep To Be Built At Melfi Plant, Ceo Mulling Turning “500†Into Mini-rivaling Brand
The official announcement of the new Fiat-Chrysler production plan is scheduled to take place on October 30, yet details have already started to trickle out to the press. Italian newspaper Il Messaggero reports that group CEO Sergio Marchionne will remain...
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Volkswagen Wants Fiat-chrysler Ceo Sergio Marchionne To Quit As Head Of Acea
The rising political and economic tensions between Germany and most Northern European countries have now spilled over to the automotive sector as the Volkswagen Group threatened to quit the ACEA due to comments made by the head of the European automakers...
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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...
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Alfa Romeo Lays Out Product Plans Until 2014, Readying A New Rwd Saloon With A V6 Engine
Out of all the mainstream brands included in the Fiat Group and Chrysler LLC portfolio, Alfa Romeo has the most potential to achieve a global reach and bring in some much needed cash and sales. The Italian company's boss Sergio Marchionne is well...
Cars