Fiat Reports First Quarter Loss of $536 million
While the Auto Task Force of President Obama has endorsed a takeover of Chrysler LLC by Italian carmaker Fiat, the group’s own first quarter results call into question the health of one of Europe’s...
View ArticleAlfa’s non-Demise in U.S. Greatly Exaggerated
ergio Marchionne, the chief executive officer of Fiat and Chrysler, said one of Fiat's key reasons for teaming up with the ailing Chrysler Group LLC was allow the Italian automakers return to the U.S....
View ArticleExner Chrysler “Thomas Special” fetches $780,000
Chrysler must be on a role. First Sergio Marchionne indicates Chrysler succeeded in making a profit during the second quarter and the then a 1952 Chrysler "Thomas Special" goes for $780,000 during some...
View ArticleChrysler Group Trims Loss to $172 Million in Q2
Chrysler Group LLC today said that Q2 net revenues increased to $10.5 billion, an 8.2% improvement over the prior quarter. First half 2010 net revenues totaled $20.2 billion. As a result the company...
View ArticleMarchionne Agrees to Three-Year Contract Extension
The Fiat-Chrysler board cleared one issue off its plate: who would take over for Sergio Marchionne at the end of 2015? Marchionne agreed to a three-year extension and now the board can focus on the...
View ArticleMarchionne Pushing for Fiat-Chrysler Listing on NYSE
The evolution of Fiat-Chrysler continues as CEO Sergio Marchionne will put forth his plans to the Fiat SpA board next week, including that the New York Stock Exchange should be the primary market for...
View ArticleDespite Rejection Marchionne is Still Pressing GM for Partnership
Fiat Chrysler Automobiles CEO Sergio Marchionne isn’t one to readily take “no” for an answer, especially when General Motors is rejecting his proposed partnership. The FCA boss says he may "really hug"...
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