Sergio Marchionne

Opel CEO rules out deal with Fiat

May 28, 2015 12:52 CET

Opel CEO Karl-Thomas Neumann has ruled out a deal with Fiat after its CEO Sergio Marchionne suggested carmakers need to consolidate to cut costs. Neumann also said it was a "big mistake" for Opel to search for scale with PSA/Peugeot-Citroen and not within GM....
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DAVE GUILFORD

BLOG: Sergio's merger talk could mean more heartburn for FCA workers

1:29 pm U.S. ET | May 28, 2015

Reaction to Sergio Marchionne's campaign to spur mergers has focused on other automakers, who seem notably unenthused, at least in public. But I wonder about the reaction in Marchionne's own house, Fiat Chrysler....
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Marchionne sees industry merger by 2018

7:10 am U.S. ET | May 28, 2015

FCA CEO Sergio Marchionne is convinced a merger in the auto industry will happen before 2018, he said during a visit to the carmaker's Melfi plant in southern Italy....
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GM president rebuffs Marchionne's merger talk

May 26, 2015 17:10 CET

General Motors sees no need to merge with another automaker to maintain profitability, the company's president, Dan Ammann, said. Ammann was commenting after a report said Fiat Chrysler Automobiles CEO Sergio Marchionne had sent an email to General Motors CEO Mary Barra suggesting combining the automakers....
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Wrangler will still use steel, Sergio says

12:01 am U.S. ET | May 25, 2015

The next Jeep Wrangler won't follow the Ford F-150's lead with an aluminum body. Instead, the off-roader will keep its steel body structure but add aluminum doors, fenders and other parts. Fiat Chrysler CEO Sergio Marchionne says the costs of the body switch would have outweighed the benefits....
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Marchionne approached GM about a merger, but was rebuffed, NYT reports

8:31 pm U.S. ET | May 23, 2015

As part of his quest for a mega merger, FCA CEO Sergio Marchionne sent an email to General Motors CEO Mary Barra in March suggesting combining the automakers but was rebuffed, the New York Times reported on Saturday....
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Some Jeep Renegades being held for software issues

10:18 pm U.S. ET | May 19, 2015

Fiat Chrysler CEO Sergio Marchionne said some new Jeep Renegade subcompact crossovers are being withheld from dealers because of software problems....
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Marchionne reiterates call for consolidation

6:21 am U.S. ET | May 11, 2015

Sergio Marchionne said he hasn't given up on his quest to push the auto industry to increase its profitability, even though carmakers are enjoying some of their best sales ever....
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Marchionne says he met with Tesla, Apple CEOs

May 10, 2015 11:36 CET

Fiat Chrysler CEO Sergio Marchionne said he had visited the heads of Tesla and Apple during a trip to California. Apple is said to be considering a move into the auto sector with an electric self-driving car....
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RICHARD TRUETT

BLOG: Marchionne is so right and so wrong about consolidation

12:01 am U.S. ET | May 6, 2015

Fiat Chrysler chief Sergio Marchionne is absolutely right in his call for industry consolidation. But he is absolutely wrong about what needs consolidating....
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RICHARD TRUETT

BLOG: Marchionne is so right and so wrong about consolidation

11:30 am U.S. ET | May 5, 2015

Fiat Chrysler chief Sergio Marchionne is absolutely right in his call for industry consolidation. But he is absolutely wrong about what needs consolidating....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Check out the ANE e-magazine for May

May 4, 2015 06:01 CET

The latest issue of the Automotive News Europe e-magazine is ready for you to view. This month's edition looks at what European automakers plan to do to keep winning in China despite the normalization of the market's growth....
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Marchionne: Here's what I'm not talking about

12:01 am U.S. ET | May 4, 2015

Addressing analysts on a conference call last week, Fiat Chrysler Automobiles CEO Sergio Marchionne made a presentation he called "Confessions of a Capital Junkie: An Insider Perspective on the Cure for the Industry's Value-destroying Addiction to Capital."...
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Marchionne: Automakers must consolidate

12:01 am U.S. ET | May 4, 2015

The world's automakers spend billions of dollars each to develop their own four-cylinder engines. That's a sure sign that the industry's business model is broken, said Sergio Marchionne, CEO of Fiat Chrysler Automobiles....
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ANE's May e-magazine goes live Monday

May 1, 2015 06:01 CET

The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, May 4. This month's edition looks at what European automakers plan to do to keep winning in China despite the normalization of the market's growth....
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LUCA CIFERRI

BLOG: Why Marchionne needs a powerful 'mother-in-law'

5:59 am U.S. ET | April 30, 2015

Fiat Chrysler CEO Sergio Marchionne will need a powerful, influential mother-in-law to help initiate the megamergers that he covets....
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LUCA CIFERRI

BLOG: Why Marchionne needs a powerful 'mother-in-law'

5:59 am U.S. ET | April 30, 2015

Fiat Chrysler CEO Sergio Marchionne will need a powerful, influential mother-in-law to help initiate the megamergers that he covets....
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Marchionne's talk of industry mergers seen as 'panic'

April 30, 2015 10:59 CET

CEO Sergio Marchionne has been talking for months about merging Fiat Chrysler with a rival automaker, a sign that he's panicking at how much sales are growing while profit margins are dropping, some industry observers say....
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Fiat Chrysler Q1 profit jumps 22% on Europe rebound, N. America demand

April 29, 2015 15:02 CET

Fiat Chrysler said first-quarter profit rose 22 percent to 800 million euros ($880 million), as a resurgent European market and robust demand in the U.S. helped offset losses in Latin America....
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FCA has no plans to list other brands after Ferrari

April 16, 2015 13:44 CET

Fiat Chrysler Automobiles has no plans to list any other brand from its portfolio besides luxury unit Ferrari, FCA CEO Sergio Marchionne told a shareholder meeting....
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Fiat goes Dutch with first annual investor meeting in Amsterdam

6:38 am U.S. ET | April 16, 2015

After a century of meeting in Italy, Fiat shareholders convened today in Amsterdam, swapping the company's Lingotto factory with its rooftop racetrack for a luxury hotel in the Dutch city's red light district. Only 10 investors attended the session....
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DAVE GUILFORD

BLOG: Why we won't 'put' credence in GM-FCA merger talk

10:26 am U.S. ET | April 15, 2015

General Motors is unlikely to entertain a merger with Fiat Chrysler after the sour end to the GM-Fiat Alliance in 2005. That's when Sergio Marchionne forced GM to pay $2 billion to avoid buying Fiat Auto....
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FCA sale of Ferrari stake unlikely to exceed 10% after all

8:31 am U.S. ET | April 15, 2015

Fiat Chrysler does not expect to sell more than 10 percent of Ferrari in a planned initial public offering, CEO Sergio Marchionne said today, in a change of heart from a month ago....
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Marchionne will show data supporting industry need for consolidation

11:51 am U.S. ET | April 15, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne says he will produce data to back up his ongoing calls for consolidation in the auto industry....
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NEWS ANALYSIS

Marchionne wants to complete mega deal before stepping down, report says

11:32 am U.S. ET | April 13, 2015

Fiat Chrysler CEO Sergio Marchionne is hoping for a big deal, possibly in the United States, to plug the carmaker's weaknesses and cement his legacy before stepping down in early 2019, sources familiar with the situation told Reuters....
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