Cars
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 association and CEO of the Fiat-Chrysler Group, Sergio Marchionne.
- 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...
- European Manufacturers Association Elects Sergio Marchionne As Its New President
Sergio Marchionne, the CEO of Fiat S.p.A., Chairman and CEO of Fiat Group Automobiles S.p.A., Chairman and CEO of Chrysler Group LLC, as well as Chairman of Fiat Industrial S.p.A. and CNH Global N.V., has just added another title to his lengthy resume....
- Fiat Still Keen On Moving Headquarters From Italy To The Usa, Or So It Claims
In February, at an industry conference, Fiat SpA and Chrysler LLC Chief Executive Officer Sergio Marchionne suggested that that the Italian automaker could eventually merge with its Detroit counterpart and move its corporate headquarters from Turin,...
- Report: Fiat Group May Raise Its Chrysler Stake From 20% To 51%
Italian carmaker Fiat may increase its stake in the Chrysler LLC group from 20 per cent it owns today to 51 per cent before an initial public offering (IPO) by the U.S. automaker, the firm's chief executive officer, Sergio Marchionne, told reporters...
- Marchionne Appears To Like The Idea Of A Three-way Alliance Between Fiat, Chrysler And Psa Citroen-peugeot
Sergio Marchionne, head of the Fiat and Chrysler groups is predicting that the next major merger in the automotive industry will involve France's largest automaker, the PSA Peugeot-Citroen Group. "The next merger will probably be French,"...
Cars
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 association and CEO of the Fiat-Chrysler Group, Sergio Marchionne.
On Thursday, the New York Times and the International Herald Tribune quoted the Italian born CEO accusing German automakers and in particular, the Volkswagen Group of waging a price war and not allowing the European Union to make it easier for carmakers to shut down underused factories.
"I’ve never seen it this bad," Marchionne told the New York Times. "All the unresolved issues that have been plaguing the industry for a number of years have all come forward."
According to some estimates, the European car industry as a whole is reportedly operating at only about 60 to 65 percent of capacity, when as a thumb of rule, plants need to be working at least at 75 percent to be profitable.
Read more »- 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...
- European Manufacturers Association Elects Sergio Marchionne As Its New President
Sergio Marchionne, the CEO of Fiat S.p.A., Chairman and CEO of Fiat Group Automobiles S.p.A., Chairman and CEO of Chrysler Group LLC, as well as Chairman of Fiat Industrial S.p.A. and CNH Global N.V., has just added another title to his lengthy resume....
- Fiat Still Keen On Moving Headquarters From Italy To The Usa, Or So It Claims
In February, at an industry conference, Fiat SpA and Chrysler LLC Chief Executive Officer Sergio Marchionne suggested that that the Italian automaker could eventually merge with its Detroit counterpart and move its corporate headquarters from Turin,...
- Report: Fiat Group May Raise Its Chrysler Stake From 20% To 51%
Italian carmaker Fiat may increase its stake in the Chrysler LLC group from 20 per cent it owns today to 51 per cent before an initial public offering (IPO) by the U.S. automaker, the firm's chief executive officer, Sergio Marchionne, told reporters...
- Marchionne Appears To Like The Idea Of A Three-way Alliance Between Fiat, Chrysler And Psa Citroen-peugeot
Sergio Marchionne, head of the Fiat and Chrysler groups is predicting that the next major merger in the automotive industry will involve France's largest automaker, the PSA Peugeot-Citroen Group. "The next merger will probably be French,"...