Cars
Marchionne: Fiat and Chrysler Could Merge into a Single Entity in a Few Years
Speaking at the J.D. Power and Associates International Automotive Roundtable, Fiat and Chrysler CEO Sergio Marchionne today told reporters that the two companies could merge into a single entity based in the U.S. in the near future. Until then, Chrysler first has to refinance its government loans and launch an initial public stock offering, but Marchionne hopes that both will happen this year. “Who knows? In the next two or three years, we could be looking at one entity. It could be based hereâ€, said Marchionne. The companies are considering various “alternatives and scenarios. First we need to integrate them operationally and then look at governanceâ€, he added.
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Fca To Receive Us$2.8 Billion From Ferrari; Espresso Machines’ Future Uncertain
Less than a month ago, Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne announced his plan to spin off Ferrari, the crown jewel in the Group family for 45 years, into a separate entity and list 10 percent of its shares in the stock market. Read...
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Marchionne Refutes Bloomberg Report On Fiat, Peugeot And Opel Tie-up
On Tuesday, we ran a story based on a report by Bloomberg News that Fiat CEO Sergio Marchionne has been talking to PSA Peugeot Citroen and Opel executives about the three carmakers merging into a single entity. Today, however, Marchionne refuted the...
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Marchionne Says 54.5 Mpg “doableâ€, Hints At Retirement, Drives A Charger
Chrysler and Fiat CEO Sergio Marchionne gave a speech today at the 2011 CAR Management Briefing Seminars. He quoted philosopher Albert Camus, talked about the reason geese fly in a V formation (they create uplift for those that follow, thus extending...
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Fiat And Chrysler To Get A Single Management Team
Fiat SpA and Chrysler Group LLC will soon have a single management structure according to the CEO of both companies, Sergio Marchionne. The Bloomberg financial news agency reports that Marchionne told to journalists in Zurich that he intends to implement...
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Marchionne Gets Nasty, Tells Vw Boss Piech To Go And Fix Seat Instead Of Eyeing Alfa Romeo
Speaking at the J.D. Power and Associates International Automotive Round-table in San Francisco, Fiat Group and Chrysler LLC CEO Sergio Marchionne bluntly reiterated that the Italians won’t sell Alfa Romeo to the Volkswagen Group, or anyone else...
Cars