Skip to main content
Sister Publication Links
  • Automotive News
  • Automobilwoche
  • Automotive News Canada
  • Automotive News Mexico
Subscribe
  • Subscribe
  • Newsletters
  • Login
  • HOME
  • News
    • Photos
    • Automakers
    • Suppliers
    • Sales By Market
    • Environment/Emissions
    • Latest Launches
    • Sales and Retail
    • Car Cutaways
    • On The Move
    • China's Baoneng boosts stake in Qoros
      Citroen says Ami One two-seater is a new concept for affordable mobility
      EU, Japan back automatic braking regulation
      German auto jobs at risk from hard Brexit
    • Lidar sector moves at light speed
      Europe's first lithium mine looks to automakers for investment
      Driv spinoff to build smart suspension systems
      Faurecia hopes to outperform uncertain market
    • Porsche, Alfa Romeo and Nissan take big hits as European sales fall 5% in January
      Russia sales rise nearly 1% in January despite VAT increase
      Audi, Fiat, BMW among losers as Spanish sales fall 8% in January
      Volvo, VW gain sales in UK market down nearly 2% in January as diesel plunge continues
    • Volvo blurs the wagon/SUV line with the V60 Cross Country
      view gallery
      7 photos
      New Range Rover Evoque designed for the 'urban jungle'
      Range Rover Evoque gets hybrid tech to cut emissions
      Tarraco gives Seat a flagship SUV to help retain wealthy buyers
    • Ferrari will unveil V-8 hybrid supercar this year
      Mercedes outsold Audi in China last month on sedan demand
      Tesla's Musk visits Norway to review delivery delays
      Europe's minicar segment to shrink as VW, PSA mull axing their smallest cars
    • Suppliers to the new Porsche Panamera
      Suppliers to the new Peugeot 5008
      Suppliers to the new Seat Ibiza
      Suppliers to the new VW Touareg
    • Ford names new chief government relations officer
      Daimler appoints Airbus exec as finance chief
      VW China CEO to join VW brand's management board
      Mini USA names marketing veteran McKenna head of product planning
    • Geneva Photo Gallery
    • Beijing Photo Gallery
    • Frankfurt Photo Gallery
    • Paris Photo Gallery
    • Shanghai Photo Gallery
  • Auto Shows
    • Geneva Auto Show
    • Frankfurt Auto Show
    • Paris Auto Show
    • Beijing Auto Show
    • Shanghai Auto Show
    • Smart to showcase latest mobility services in Geneva show car
      Seat's Cupra Formentor concept focuses on sporty performance
      Peugeot's 508-based Geneva concept previews new range of high-performance electrified vehicles.
      Aston Martin teases new hypercar ahead of Geneva debut
    • Bugatti considers four-door model for 2024
      Frankfurt photo booth
      Frankfurt's best and wurst
      Merkel says German car industry must work to rebuild trust
    • Vietnam's first automaker now has names for first sedan, SUV
      Bugatti mulls SUV as part of broader model range
      Ferrari Monza supercars will earn $755 million in revenue
      China's GAC likely to debut in Europe with an EV
    • VW will launch SOL EV brand in China with subcompact crossover
      view gallery
      9 photos
      BMW's iX3 concept heralds electric expansion
      view gallery
      9 photos
      BMW will export iX3 electric SUV to Europe, U.S. from China
      view gallery
      15 photos
      Mercedes-Maybach is betting on a hybrid SUV-sedan look
    • view gallery
      7 photos
      Jeep finds green groove with plug-in hybrid SUV concept
      Foreign automakers embrace China as EV development hub
      China lands Chevy Volt in a Buick wrapper
      Ferrari, Aston Martin, Maserati sales soar in China as rich snub austerity push
  • Opinion
    • Blogs
    • Luca Ciferri
    • Douglas A. Bolduc
    • Paul McVeigh
    • Is Honda's UK plant closure the beginning of a Japanese Brexit?
      Ford's 'redesign' for Europe emphasizes SUVs, LCVs
      Russia's Google, Yandex, impresses with its self-driving tech
      Renault Twizy gets new life in Korea as motorcycle replacement
    • Is Honda's UK plant closure the beginning of a Japanese Brexit?
      Ford's 'redesign' for Europe emphasizes SUVs, LCVs
      Russia's Google, Yandex, impresses with its self-driving tech
      Renault Twizy gets new life in Korea as motorcycle replacement
    • Lidar sector moves at light speed
      Is Honda's UK plant closure the beginning of a Japanese Brexit?
      Ford's 'redesign' for Europe emphasizes SUVs, LCVs
      Russia's Google, Yandex, impresses with its self-driving tech
    • Is Honda's UK plant closure the beginning of a Japanese Brexit?
      Ford's 'redesign' for Europe emphasizes SUVs, LCVs
      Russia's Google, Yandex, impresses with its self-driving tech
      Renault Twizy gets new life in Korea as motorcycle replacement
  • Maps
    • E-Car & Component Map of Europe
    • Powertrain Map of Europe
    • Assembly Plant Map of Europe
  • Supplements
    • Connected Car
    • Talk From The Top
    • BMW 100
    • Car Cutaways
  • EVENTS & AWARDS
    • Automotive News Europe Congress
    • Rising Stars
    • Eurostars
    • Leading Women
  • E-MAGAZINE
    • Read the latest issue
    • Download the app
    • Subscribe
  • More
    • E-Magazine
    • Contact Us
    • 2019 Media Kit
    • About Us
MENU
Breadcrumb
  1. Home
  2. Automotive News Europe
January 28, 2011 12:00 AM

Marchionne says Fiat-Chrysler will sell more than 4 million vehicles in 2011

Luca Ciferri
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    CEO Marchionne expects Fiat to sell up to 2.3 million vehicles units globally in 2011.

    TURIN – Fiat-Chrysler will increase sales by 12 percent to more than 4 million vehicles this year, Sergio Marchionne, who is CEO at both automakers, said Thursday.

    If it succeeds, Fiat-Chrysler will prove that the alliance in on track to meet Marchionne's ambitious plans for the two automakers. The CEO ultimately wants Fiat-Chrysler to sell a combined 6 million cars by 2014 as he firmly believes that anything below the 5.5 million to 6 million units a year threshold makes it impossible for a mass-market automaker to thrive long term.

    This year Marchionne expects Fiat S.p.A. to sell between 2.2 million and 2.3 million units globally, up from 2.08 million in 2010, the CEO told an analyst call on Jan. 27.

    At the Detroit show earlier this month, Marchionne forecast worldwide 2011 sales at Chrysler Group LLC to exceed 2 million units, up from 1.59 million in 2010.

    Those two predictions add up to more than 4 million units this year compared with 3.66 million units last year. A number reached after the elimination of double-counted sales. A gross total of Fiat sales would have doubled-counted about 14,000 sales of Chrysler, Dodge and Jeep models sold in Europe by Fiat after it became the U.S. automaker's general distributors in the region in September 2010.

    Fiat reported its sales and financial results on Jan. 27. Chrysler will report its numbers on Monday, Jan. 31.

    Bigger stake in Chrysler

    Fiat raised its Chrysler holdings to 25 percent from 20 percent this month after the U.S. automaker won approval to build fuel-efficient engines in Dundee, Michigan.

    Fiat will get to increase the stake to 35 percent this year if it: records a total of $1.5 billion in sales outside North America; obtains agreements from 90 percent of its dealers in Latin America to carry Chrysler products; develops a compact car on a Fiat platform that will achieve 40 mpg (5.9 liters per 100km). Marchionne has said he expects all those requirements to be met this year.

    The conditions are tied to a deal with the federal government that allowed Fiat to rescue Chrysler from a U.S.-steered bankruptcy in 2009.

    Once all the conditions are met, Fiat has an option to boost its holding to 51 percent -- but only after Chrysler repays U.S. and Canadian government bailout loans.

    Monthly E-Magazine
    Thumbnail
    View latest issue
    See our archive
    Sign up for free newsletters
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please select at least one newsletter to subscribe.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    Get Free Newsletters

    Sign up and get the best of Automotive News Europe delivered straight to your email inbox, free of charge. Choose your news – we will deliver.

    You can unsubscribe at any time through links in these emails. For more information, see our Privacy Policy.

    Automotive News Europe Monthly E-Magazine

    Sign up to receive your free link to each monthly issue of Automotive News Europe as soon as it's published.

    GET THE E-MAGAZINE
    Connect with Us
    • Twitter
    • Facebook
    • LinkedIn
    • Instagram

    Founded in 1996, Automotive News Europe is the preferred information source for decision-makers and opinion leaders operating in Europe.

    Contact Us

    1155 Gratiot Avenue
    Detroit MI  48207-2997
    Tel: +1 877-812-1584


    Email Us

    Resources
    • About us
    • Contact Us
    • 2019 Media Kit
    • Advertise with Us
    • Ad Choices Ad Choices
    • Sitemap
    Awards
    • Rising Stars
    • Eurostars
    • Leading Women
    Legal
    • Terms and Conditions
    • Privacy Policy
    Copyright © 1996-2019. Crain Communications, Inc. All Rights Reserved.
    • HOME
    • News
      • Photos
        • Geneva Photo Gallery
        • Beijing Photo Gallery
        • Frankfurt Photo Gallery
        • Paris Photo Gallery
        • Shanghai Photo Gallery
      • Automakers
      • Suppliers
      • Sales By Market
      • Environment/Emissions
      • Latest Launches
      • Sales and Retail
      • Car Cutaways
      • On The Move
    • Auto Shows
      • Geneva Auto Show
      • Frankfurt Auto Show
      • Paris Auto Show
      • Beijing Auto Show
      • Shanghai Auto Show
    • Opinion
      • Blogs
      • Luca Ciferri
      • Douglas A. Bolduc
      • Paul McVeigh
    • Maps
      • E-Car & Component Map of Europe
      • Powertrain Map of Europe
      • Assembly Plant Map of Europe
    • Supplements
      • Connected Car
      • Talk From The Top
      • BMW 100
      • Car Cutaways
    • EVENTS & AWARDS
      • Automotive News Europe Congress
      • Rising Stars
      • Eurostars
      • Leading Women
    • E-MAGAZINE
      • Read the latest issue
      • Download the app
      • Subscribe
    • More
      • E-Magazine
      • Contact Us
      • 2019 Media Kit
      • About Us