Fiat is readying a loan for as much as $10 billion to purchase the remaining 41.5 percent of Chrysler from the UAW’s retiree health-care trust. Continue Reading...
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Sergio Marchionne has issued a written apology to the Italian American ONE VOICE Coalition for a comment he made during last January’s Detroit Auto Show. Continue Reading...
Sergio Marchionne’s custom Dodge Challenger SRT8 raised $175,000 at the Barrett-Jackson auction this past weekend in Palm Beach, Florida. Continue Reading...
Chrysler Group Chairman and CEO Sergio Marchionne is auctioning off his customized 2011 Dodge Challenger SRT8, with the proceeds benefiting the United Way for Southeastern Michigan. Continue Reading...
A Volkswagen official insisted in an email exchange with AutoGuide.com last month that the Chrysler-based Routan van hadn’t been killed. Continue Reading...
It wasn’t so long ago that diesel engines conjured images of black smoke belching trucks with exhaust stacks sticking out the sides. Continue Reading...
Interested in a Fiat or Chrysler and currently driving around in a Volkswagen? The automaker is now offering a $1,000 rebate to current VW owners in America if they wish to buy a Fiat or Chrysler vehicle. Continue Reading...
Speaking at a media event in Detroit today Chrysler CEO Sergio Marchionne confirmed suspicions that there will be more versions of the company’s award-winning Pentastar V6. Continue Reading...
Chrysler made a series of big announcements today at its Mack I Engine Plant in Detroit. Continue Reading...
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...
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...