A dream collaboration has finally become a reality for Fiat Chrysler Automobiles CEO Sergio Marchionne.
After angling for a partnership for over a year, FCA has announced a joint venture with Google’s Self-Driving Car Project. This is the first time the mega company has worked directly with an automaker to test its shadowy autonomous vehicle technology. (Read More…)
Sergio Marchionne added another CEO title to his résumé yesterday, taking control of Ferrari, where the Fiat-Chrysler head already served as chairman.
He replaces former CEO Amedeo Felisa, who retired after 26 years with the company. Felisa remains on the independent automaker’s board of directors, where he will serve as a technical advisor.
Marchionne now has full control of the company he spun off from Fiat Chrysler Automobiles at the beginning of the year. Two years ago, he succeeded former chairman Luca di Montezemolo, who stepped down in protest of Marchionne’s plans for the brand’s future. (Read More…)
Fiat Chrysler Automobiles has announced pricing on the 2017 Fiat 124 Spider, touting it as America’s least expensive turbocharged convertible.
With an MSRP of $24,995 (plus $995 destination), the Spider tops the base price of its platform mate — the Mazda MX-5 Miata — by $255. Luxury (“Luzzo”) models will go for $28,490, while the performance-oriented Abarth model starts at $29,190. (Read More…)
Fiat Chrysler Automobiles CEO Sergio Marchionne has a good morning today, after FCA announced boosted profit and earnings spurred by healthy sales in the U.S. and Europe.
First quarter net profits were up from just above the break-even point a year ago to 451 million euros ($539.4 million), according to The Detroit News, with pre-tax earnings up 88 percent to 1.3 billion euros ($1.6 billion). (Read More…)
The Dodge Journey often finds itself the butt of jokes and scornful taunts, like here, or here, but all laughs fade away eventually, and besides, Fiat-Chrysler’s archaic crossover is due for a platform swap this fall.
Not so fast.
An anonymous FCA source just told Automotive News that the Journey won’t shed its dated platform as planned, and might soldier on with its old bones for another two years — at least. (Read More…)
Sergio Marchionne, CEO of Fiat Chrysler Automobiles, could shed light on the company’s uncertain future this Tuesday when the company reports earnings. However, as the Detroit Free Press reports, Marchionne may not take the opportunity to clear the air, which would leave employees at FCA plants wondering about their futures for months to come.
The sweatered one has already stated in no uncertain terms that the Chrysler 200 and Dodge Dart will get the axe. Just when that will happen, and what product will fill freed-up plant capacity and dealer lots, remains a guessing game.
Like an unoccupied Dodge Charger stuck in “Drive,” Fiat Chrysler Automobiles’ gear selector controversy was rapidly building momentum before yesterday’s announcement.
Responding to numerous instances of runaway vehicles and an expanding National Highway Traffic Safety Administration investigation, FCA voluntarily recalled 811,586 vehicles in the U.S. and 52,144 in Canada, and a further 265,473 in Mexico and overseas. (Read More…)
As regulatory bigwigs gear up for a midterm review of corporate average fuel economy (CAFE) requirements, will the 54.5 mpg target for light-duty vehicles get a haircut, or be deemed too unambitious?
Under a 2012 agreement between the federal government and automakers, cars and light trucks will have until 2025 to meet the 54.5 mpg target, which works out to about 40 mpg on the window sticker (for cars) after you ditch the fancy math. That target isn’t set in stone, and the midterm review will take into account the state of the market — and existing technology — when it reviews its goals for the 2022-2025 period. (Read More…)
Orders of the life changing, marriage-saving Tesla Model 3 are poised to hit 400,000, but Fiat Chrysler Automobiles CEO Sergio Marchionne doesn’t think they’ve got the right stuff.
Diarmuid O’Connell, Tesla’s vice-president of business development, confirmed the number of orders at an electric vehicle conference in Amsterdam yesterday, two weeks after the low-priced model’s glitzy unveiling, Electrek has reported. (Read More…)
Fiat Chrysler Automobiles chairman John Elkann, like the company’s sweatered CEO, is making come-hither eyes in the hopes of luring a suitor.
FCA needs a partner to turn its lofty debt pile into capital, so Elkann wants other automakers to know just how thrilled he’d be if they helped FCA save $10 billion a year, he told shareholders of the investment company controlling FCA (via Bloomberg).
The problem, he lamented, is that other automakers are all wrapped up in trying to develop autonomous technology, often with outsider help. Like a wallflower with a heart of gold, FCA feels ignored despite having a lot to offer.