Fiat first-quarter profit falls on Chrysler earnings dropApril 29, 2013 14:41 CET  Fiat Group confirmed its 2013 financial targets despite lower first-quarter profits at Chrysler and continued losses in Europe.... Read More »
Fiat may have to pay union trust fund more for Chrysler shares, judge suggestsApril 25, 2013 17:53 CET  Fiat may have to pay more than its $139.7 million offer for Chrysler Group shares that the automaker wants to buy from the United Auto Workers' retiree health-care trust, a judge suggested.... Read More »
Fiat may have to pay UAW trust fund more for Chrysler shares, judge suggests 11:53 am U.S. ET | April 25, 2013  Fiat may have to pay more than its original offer of about $140 million for Chrysler Group shares being bought from the UAW's retiree health-care trust, a Delaware judge suggested in court today.... Read More »
Fiat weighs New York listing following merger with Chrysler, report saysApril 24, 2013 18:19 CET  Fiat may select New York as the primary exchange for its stock after a planned merger with Chrysler Group, sources said. The move would be highly political and symbolic for debt-ridden Italy as it struggles to emerge from a cycle of recessions.... Read More »
LUCA CIFERRI Why even a weak China is good news for European automakers 12:01 am U.S. ET | April 24, 2013  The Shanghai auto show proved once again that China is the promised land for automakers, particularly Europeans bracing for a sixth straight year of declining car sales in their home region.... Read More »
Fiat close to securing financing for Chrysler buyout, report saysApril 23, 2013 21:02 CET  Fiat could secure financing by May for a possible buyout of the rest of Chrysler, sources said. CEO Sergio Marchionne wants to merge the carmakers to create the world's seventh-largest auto group, tapping Chrysler's cash flow to offset Fiat's losses in Europe.... Read More »
Fiat close to securing financing for Chrysler buyout, report says 3:02 pm U.S. ET | April 23, 2013  Fiat could secure financing by May for a possible buyout of the rest of Chrysler, two people familiar with the matter told Reuters today.... Read More »
2013 SHANGHAI AUTO SHOW Porsche vies with new Maserati as China grabs luxury limelightApril 22, 2013 06:01 CET Porsche has debuted a revamped version of its Panamera coupe at the Shanghai auto show where it sought to outshine Maserati's all-new Ghibli as both carmakers seek to attract customers in a luxury China market that is predicted to keep growing strongly.... Read More »
Dodge CEO must fill the hole left from loss of Ram 12:01 am U.S. ET | April 22, 2013  New Dodge CEO Tim Kuniskis, who was given high marks for turning around Fiat's launch in North America, takes over a brand with a shrinking lineup that is growing more dependent on cars, not light trucks.... Read More »
Maserati Ghibli tests Fiat's push into luxuryApril 19, 2013 20:53 CET  The Ghibli is an early test of Fiat boss Sergio Marchionne's efforts to squeeze more cash out of the Maserati and Alfa Romeo brands. Maserati faces a difficult balancing act to emulate the success of BMW, Daimler and Audi by rolling out more affordable models aimed at a broader client base.... Read More »
VW hires McNabb from Maserati to extend U.S. sales surgeApril 19, 2013 06:01 CET  Volkswagen of America has hired Maserati North America CEO Mark McNabb, a former Nissan and GM sales executive, as its COO.... Read More »
Fiat will add second shift at Maserati factory, report saysApril 19, 2013 09:03 CET  Fiat will add a second shift at the Turin factory where it builds Maserati cars, a source said. Fiat is investing 1.2 billion euros in the luxury marque as it seeks to boost global sales from 6,000 last year to 50,000.... Read More »
VW hires McNabb from Maserati to extend U.S. sales surge 9:45 am U.S. ET | April 18, 2013  Volkswagen of America has hired Maserati North America CEO Mark McNabb, a former Nissan and General Motors sales executive, as its COO. McNabb, 51, will start at Volkswagen on May 1. He will report to CEO Jonathan Browning and oversee U.S. sales as VW continues an ambitious growth strategy.... Read More »
Chrysler's Graczyk replaces McNabb as head of Maserati North America 3:28 pm U.S. ET | April 17, 2013  Maserati has named Chrysler executive Robert Graczyk CEO of the company's North America division, effective immediately. Graczyk, former director of sales at Chrysler Group's Asia-Pacific region, replaces Mark McNabb, who left the company to become COO of Volkswagen of America. VW announced McNabb's hiring today.... Read More »
SHANGHAI AUTO SHOW PREVIEW A bevy of crossovers and SUVs will take center stage at China's auto extravaganza 12:01 am U.S. ET | April 15, 2013  Automakers will test China's huge appetite for crossovers and SUVs with introductions this week at the Shanghai auto show. Acura, BMW, Citroen, Mercedes-Benz and Volkswagen plan world debuts for compact crossovers, while Jeep -- which arguably started the SUV craze -- will roll out its new Cherokee.... Read More »
Fiat plans lowball lease to push 500e 12:01 am U.S. ET | April 15, 2013  To make its 500e electric more appealing to shoppers, Fiat will offer the car for the same monthly lease payment as the base 500 with a gasoline engine.... Read More »
Polish car production falls 24% in first quarterApril 10, 2013 13:31 CET  Polish car production fell an annual 24 percent in the first quarter following a decision by Fiat to transfer output of its best-selling Panda minicar from Poland to Italy and layoff workers at its Tychy factory.... Read More »
AUTOMOTIVE NEWS EUROPE E-MAGAZINE How Alfa Romeo plans to triple sales in 3 yearsApril 9, 2013 06:01 CET  Skeptics think Fiat CEO Sergio Marchionne's aim to triple Alfa Romeo's global sales to more than 300,000 units by 2016 is too ambitious. But Alfa's European boss, Louis-Carl Vignon, is convinced Alfa has enough fresh products to meet -- and possibly exceed -- Marchionne's target.... Read More »
AUTOMAKERS Fiat says it may need capital hike after Chrysler buyoutApril 9, 2013 15:34 CET  Fiat's loss-making European operations will be further weakened by the region's drawn-out auto slump, CEO Sergio Marchionne warned, adding that the carmaker may need to raise capital after it completes a planned buyout of Chrysler.... Read More »
NEW PRODUCT Ghibli will be Maserati's first diesel-powered carApril 9, 2013 12:44 CET  Maserati released images of the Ghibli four-door sedan ahead of the car's debut at the Shanghai auto show. The Ghibli will be the first Maserati production car to offer a diesel variant.... Read More »
SALES Fiat turns to Germany as Italy sales seen as worst since 1966April 5, 2013 06:01 CET  Fiat, faced with Italy sales that could fall to their lowest level for 47 years, is seeking to boost sales in Germany by offering steeper discounts than any other automaker there. Plummeting deliveries, hit by political turmoil, are upending Italy's auto industry and will hit Fiat, which makes 56 percent of its sales in the country, especially hard. As a result, hundreds of Italian dealerships are closing and factories are running at half capacity.... Read More »
Ferrari sales in Japan hit 12-year high on economic boostApril 4, 2013 10:34 CET  Ferrari registrations in Japan surged to the highest in 12 years amid growing optimism Prime Minister Shinzo Abe's push to weaken the yen will help boost the world's third-biggest economy.... Read More »
Chrysler sales up 5%; pickups, mid-sized sedans jump 12:48 pm U.S. ET | April 2, 2013  Record sales of pickups and mid-sized sedans boosted Chrysler Group sales by 5 percent in March, extending a string of consecutive monthly sales increases to 36.... Read More »
Buy a Fiat 500e, use alternate cars for free 12:01 am U.S. ET | April 1, 2013  When it goes on sale this summer in California, the 2013 Fiat 500e electric car will come with an unusual standard feature: another vehicle. 500e buyers may use rental vehicles for up to 12 days a year for free.... Read More »
EDITORIAL Sharing good ideas: What a concept 12:01 am U.S. ET | April 1, 2013 Good ideas can come from anywhere. Companies that break down barriers and collaborate with dealers, suppliers and other partners are stronger competitors.... Read More »
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