Earlier reports of Lancia getting axed have been debunked by Chrysler spokesman Scott Brown, stating that those rumors are indeed false and that Lancia will continue on in Europe. Continue Reading...
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Fiat-Chrysler CEO Sergio Marchionne made a series of significant announcements in a teleconference earlier today, not the least of which is the termination of the Lancia brand. Continue Reading...
With the oil crisis of the ‘70s many predicted the death of the V8 engine, but it has continued to solider on. With Chrysler and Infiniti execs recently commenting that there’s no place for eight-cylinder cars in the future of their respective brands, this time, are the V8 engine’s days finally numbered? Continue Reading...
Love it or hate it, the Obama administration’s 54.5 mpg rule will force change in the auto industry’s future as Chrysler CEO Sergio Marchionne is pointing out. Continue Reading...
Update: Chrysler called us to clarify that it wasn’t Marchionne, but instead Roy Peters, the project’s lead electrical engineer. Coasting along with traffic, eastbound on Interstate 69 through Michigan, we were road testing a 2012 Jeep Compass when several car lengths in the distance a ragtag convoy of cars swarmed around a single sports coupe. Continue Reading...
Despite an unpopular initial offering, the Chrysler 300C will return to China late next month for a second stab at the country’s burgeoning luxury market. Continue Reading...
Fiat boss Sergio Marchionne was featured yesterday on CBS’ 60 Minutes discussing his life as the head of both Fiat, Chrysler and how he brought the American brand back to health from the brink of collapse. In the interview, Marchionne addresses the state Chrysler was in when he came on board to resurrect the company, saying… Continue Reading...
Chrysler and Fiat CEO Sergio Marchionne will be the focus of attention on tonight’s 60 Minutes on CBS that airs at 7:00pm EDT. Reporter Steve Kroft will focus on Chrysler’s miraculous turnaround under the careful guidance of Marchionne. Both Chrysler headquarters in Auburn Hills, Michigan and Fiat headquarters in Turin, Italy will be featured on the… Continue Reading...
Earlier, we reported that Ford CEO Alan Mulally had been awarded $58.3 Million worth of company stock for meeting company performance targets. Fiat/Chrysler‘s Sergio Marchionne, on the other hand, has declined a salary and bonus for the work he’s done for Chrysler Group in 2011. Although Marchionne is compensated for his work at Fiat S.p.A,… Continue Reading...
Fiat-Chrysler CEO Sergio Marchionne isn’t one to sit idle. The head of both automakers recently said that he is actively searching for possible automotive alliances. Marchionne has always been a firm believer that automakers should collaborate in sharing development and production costs. “We’re on the move,” Marchionne said on the sidelines of an industry event in… Continue Reading...
Chrysler has announced the withdrawal of its Advanced Technology Vehicles Manufacturing (ATVM) loan from the U.S. Department of Energy. A loan signed in 2007 by former President George W. Bush, the ATVM program was designed to provide financial aid to companies to pursue development of advanced, high-mileage power train technologies in order to reduce dependence on… Continue Reading...
Sergio Marchionne, the CEO of Chrysler Group LLC, has been in the media a lot lately thanks to his successful reinvention of Fiat and Chrysler as profitable companies. Announcing a $183 million net income for 2011 was a good way to start off the day for the surely elated Marchionne. Having brought the company back… Continue Reading...
Despite Chrysler experiencing a 26-percent growth in sales last year, CEO Sergio Marchionne is still not pleased with the customer experiences at Chrysler’s dealerships. According to the latest J.D. Power and Associates Sales Satisfaction Index Study, Chrysler Group’s Jeep, Ram and Dodge brands were three of the brands in the bottom four among mainstream, non-luxury… Continue Reading...
Look, we get it. Everyone wants to be a little optimistic when a new model hits the streets, especially when it’s one of Italy’s most iconic compact cars. When Chrysler first introduced the Fiat 500 (read out review here) to the American market, they might have been a little too optimistic by estimating that they’d… Continue Reading...
The fuel wars are heating up as automakers search for new ways to squeeze more mileage out of their cars. While some might take this chance to preach doom and gloom for future cars, Chrysler-Fiat CEO Sergio Marchionne isn’t ready to call the Road Warrior just yet. Some companies are turning to electric vehicles, others… Continue Reading...
When there’s blood in the water, sharks start to bite. If the automotive industry does nothing else, it fosters ruthless competition and a winner-takes-all mentality akin to professional sports. That’s exactly why reporters were peppering Chrysler-Fiat CEO Sergio Marchionne with questions about his company wanting to buy GM’s struggling German subsidiary, Opel. Outside scheduled announcements,… Continue Reading...
After announcing that the new Dodge compact won’t be called a Hornet, speculation began on what it will be named when it’s released. Even though it’s set to unveil at the upcoming Detroit Auto Show in January, Chrysler Group CEO Sergio Marchionne still isn’t hinting at what the new Dodge compact will be called, nor… Continue Reading...
Sergio Marchionne revealed Maserati‘s big plan to introduce three new products in quick succession during a recent interview at the CBI business conference held in London. The three new vehicles are a replacement luxury sedan for the Quattroporte, a smaller Maserati four-door based on the Chrysler 300, and the Maserati Kubang SUV based on the… Continue Reading...
Sergio Marchionne, head of Fiat, told reports that he expects combined sales of Fiat and Chrysler vehicles to hit 6 million units by 2014. Marchionne’s remarks come even in the face of declining auto sales in Europe, as well as an overall shaky economic climate. Marchionne said that he was reviewing Fiat’s 2012 European targets,… Continue Reading...
Despite concerns within Jeep, Chrysler Group CEO Sergio Marchionne confirmed yesterday that the Wrangler will continue to be manufactured in Toledo, Ohio exclusively. The question about moving production comes for a couple of reasons. First, because of remarks made in September by Jeep brand CEO Mike Manley that Chrysler was exploring production of Jeep vehicles in… Continue Reading...
The future of the Jeep Liberty will be revealed Wednesday when Chrysler CEO Sergio Marchionne will visit the Toledo, Ohio plant that currently builds the truck. The new Liberty will shed its traditional off-road roots and move to a Fiat-based car platform. While the move to a crossover may anger traditionalist, Marchionne was apparently less… Continue Reading...
Fiat CEO Sergio Marchionne is making Alfa Romeo’s U.S. re-launch a top priority, calling it “the most difficult thing I have to do”. Alfa Romeo last sold cars in the U.S. in 1995, but the brand still has a strong image in the U.S., spurring Marchionne to focus efforts on North America. Alfa Romeo’s image… Continue Reading...
Chevrolet’s decision to offer a diesel-powered Cruze compact in the U.S. is a sign that GM is testing the waters to see how American’s react to the gasoline alternative. Chrysler, says company CEO Sergio Marchionne, has much more ambitious goals for the often-criticized fuel. Starting with the 2013 Jeep Grand Cherokee, the Chrysler Group will… Continue Reading...
Fiat’s luxurious Maserati brand has plans to build its first Jeep Grand Cherokee based SUV at Chrysler’s Jefferson North assembly plant in Detroit. The eagerly anticipated concept version of the model will debut at the Frankfurt Auto Show next month. CEO of Fiat and Chrysler, Sergio Marchionne, aims to expand Maserati and Alfa Romeo by… Continue Reading...