Only Select Fiat Dealers Will Get Alfa Romeo Franchises

Fiat Chrysler Automobiles is set to bring Alfa Romeo back into the United States market after a two-decade absence with the 4C, but only the best-performing Fiat dealerships will be selected to sell the first new Alfas when the lighweight $60,000 sports car rolls off the dock in June.

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Editorial: A Radical Solution To Canada's Auto Industry Investment Problem

FCA CEO Sergio Marchionne took to The Globe and Mail‘s editorial pages to make his case for government investment in Chrysler’s assembly plants in Canada. Marchionne is seeking government funds to upgrade the Brampton plant (which builds Chrysler’s rear-drive cars) and the Windsor plant (which builds minivans, and would be upgraded as a flexible plant) as part of a $3.6 billion investment.

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Next-Gen Chrysler Minivans To Get 9-Speed Automatic, All-Wheel Drive

Much of the news surrounding the next-generation Chrysler minivans has involved the location of their assembly, with Chrysler CEO Sergio Marchionne looking to secure government funds for the new vans. The latest report from Automotive News manages to dredge up some product details on the vans themselves.

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Canadian Government Funds Would Safeguard Windsor For 30 Years

On the heels of reports that put a $3.6 billion pricetag on Chrysler’s investment at two Canadian plants, another Canadian outlet is reporting that the money would ensure the future of the two plants for decades to come.

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Chrysler Weighs Third Pickup Plant Marchionne Doesn't Really Want

Automotive News is reporting that last week’s conference call on Chrysler’s quarterly financials and the structure of the newly merged Fiat Chrysler Automobiles, CEO Sergio Marchionne said that Fiat Chrysler managers were considering whether or not to build a third pickup truck assembly plant to cope with high demand for Ram light and heavy duty trucks. Marchionne had earlier vowed to never build another assembly plant in North America and in the conference call he reiterated his preference to run existing pickup plants in Warren, Mich., and Saltillo, Mexico, “flat-out.”

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Marchionne's Choice of Fiat-Chrysler HQ Weighs Political Realities Against Lower Taxes

Now that Sergio Marchionne has succeeded in joining Fiat and Chrysler together, for his next act he’s planning on moving Fiat’s headquarters out of Italy. While such a move has tax advantages, it would present a political and public relations challenge for Fiat and Marchionne in their home country. According to Reuters, the new entity, dubbed Fiat Chrysler Automobiles, will be a Dutch-based company with a UK tax domicile, while shares are listed on the NYSE with a secondary listing in Milan.

Marchionne is aware that locating the headquarters outside of Italy, where Fiat has operated for 115 years and has received government funding, or outside the United States, where Chrysler was bailed out by the federal government, could make waves and there is the possibility that the Italian government might intervene. “I’ve seen weirder things happen,” Marchionne said to journalists at the recent Detroit auto show. “So I sincerely hope they don’t create obstacles.”

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Fiat Completes Acquisition of Chrysler, Marchionne Open to Other Partners

Fiat announced that it has completed the acquisition of all remaining shares in Chrysler Group that it did not own. The United Auto Workers’ retiree healthcare trust, known as a voluntary employee beneficiary association or VEBA, received $3.65 billion in cash for its 41.46% stake in the Auburn Hills based automaker, $1.9 billion of which came from Chrysler and $1.75 billion from Fiat. The total deal is worth $4.35 billion, with Chrysler committed to pay the trust the remaining $700 million in four annual equal payments, the first of which was made when the deal was consummated.

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Jeep Aiming For 1 Million Units Sold in 2014

Chrysler Group LLC CEO Sergio Marchionne threw down the gauntlet for Jeep during an interview on Detroit’s WJR-AM at the 2014 Detroit Auto Show, proclaiming that the Rubicon-rated brand will move 1 million units onto the trails and highways by the end of this year.

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Fiat Resumes Negotiations to Buy Rest of Chrysler From UAW VEBA

Bloomberg is reporting that Fiat CEO Sergio Marchionne has resumed talks with the UAW’s retiree health care trust (aka VEBA) to buy the 41.5% of Chrysler that the Italian automaker doesn’t yet own. Fiat executives met last week with the trust’s representatives. The proposed initial public offering of Chrysler stock has been delayed for tax reasons until next year, creating a window of opportunity for a deal. Differing valuations on the stock prompted VEBA’s demand for the IPO, which would establish a market price for the stock, most likely more than Marchionne and the Agnelli family that controls Fiat want to pay.

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Marchionne To Reveal Yet Another Relaunch Plan for Alfa Romeo

For the fourth time since 2004 Fiat CEO Sergio Marchionne is reported to have devised a new plan to revive the Alfa Romeo brand, this one focused on premium vehicles made in Italy for export to the world. Alfa hasn’t made a profit in the nine years since Marchionne took the reigns at Fiat.

Marchionne’s latest plan for Alfa will be based on a new rear wheel drive architecture (with all wheel drive variants) that will be developed by a dedicated group of engineers at Maserati in Modena, headed by Philippe Krieff. Krieff reports directly to Harald Wester, Fiat-Chrysler chief technical officer and CEO of Alfa and Maserati.

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Fiat Says No Chrysler IPO Before 2014

Though Chrysler-Fiat CEO Sergio Marchionne had previously said that an initial public offering of Chrysler stock could take place by the end of 2013, the Italian automaker announced that stock sale will not take place before the new year. “The Board of Directors of Chrysler Group … has determined that it will not be practicable for Chrysler Group to launch and complete an initial public offering prior to the end of 2013,” Fiat said in a statement.

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Marchionne Presents Yet Another Turnaround Plan

Another day, another turnaround strategy from Sergio Marchionne. The plan, which won’t be revealed until April, reportedly includes a rear-wheel drive architecture as a key element, with enough flexibility to be used in everything from Alfa to Dodge vehicles.

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Marchionne: No Deal Yet For VEBA Shares, Chrysler IPO Would Delay Fiat Merger

On Friday, Sergio Marchionne, who heads Fiat and Chrysler, told reporters in Milan, Italy that he hasn’t gotten any closer to making a deal with the UAW’s retiree health care trust for Fiat to purchase the VEBA’s shares in Chrysler and take full ownership of the Auburn Hills automaker. The UAW health care trust owns 41.5% of Chrysler and the two parties have not been able to agree on a price. The trust is demanding $5 billion for its shares. Marchionne told the LaPresse news agency, concerning the UAW trust’s suggested price, “They should buy a lottery ticket.”

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Maserati SUV Will Not Be Imported From Detroit

Another day, another flip-flop on future product plans over at Casa di Marchionne. The latest news comes from Italian unions, who claim that the Maserati Levante will be built at the Mirafiori plant in Italy, rather than at Jeep’s plant in Detroit.

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Chrysler Changes Product Plans Again, Extends "Sell-By Date" Of Avenger, Caravan, Wrangler

Chrysler CEO Sergio Marchionne may not be fond of changing up his outfits, but he certainly has no problem mixing up product plans. The latest news out of Auburn Hills suggests that Chrysler will be extending the lifespan of some key products for up to another 5 years.

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  • Kwik_Shift_Pro4X The dominoes start to fall...
  • IBx1 Get the standard established, then stop building the chargers while you let others license the design from you to build more stations with your standard disgusting
  • IBx1 “Dare to live more”-company that went from making the Countach and Diablo to an Audi crossover with an Audi engine and only pathetic automatic garabge ”live mas”-taco bell
  • Pianoboy57 Not buying one of these new when I was a young guy was a big regret. I hated the job I had then so didn't want to commit to payments. I did own a '74 Corona SR later for a short time.
  • FreedMike This wasn’t unpredictable. Despite what the eV HaTerZ kLuBB would like you to believe, EV sales are still going up, just not as quickly as they had been, but Tesla’s market share is down dramatically. That’s the result of what I’ve been saying for a long time: that the competition would eventually start catching up, and that’s exactly what’s happening. How did this happen? It boils down to this: we’re not back in 2019 anymore. Back then, if you wanted an EV that wasn’t a dorky looking ecomobile like a Leaf or Bolt, it was pretty much Tesla or bust, and buyers had to deal with all the endemic Tesla issues (build quality problems, bizarre ergonomics, weird styling, and so forth). That’s not the case today – there is a ton of competition, and while these newer models aren’t quite there when it comes to EV tech, they’re getting closer, and most of the Tesla weirdness just doesn’t apply. And then there’s this: stale product is the kiss of death in the car biz, and aside from the vanity project known as Cybertruck, all of Tesla’s stuff is old now. It’s not as “bleeding edge” as it used to be. For a company that made its’ bones on being on the forefront of tech, that’s a big problem.I don’t think Tesla is out of the game – not by a long shot. They’re still the market leader by a very wide margin, and their EV tech is the best in the game. But they need to stop focusing on stuff like the Cybertruck (technically fascinating, but it’s clearly an Elon Musk ego trip), the money/talent suck that is FSD, and the whole robotaxi thing, and put product first. At a minimum, everything they sell needs a very heavy refresh, and the entry level EV is a must.