Fiat

Fiat Chrysler mulls loyalty scheme in Ferrari spinoff

Nov. 28, 2014 17:36 CET
A loyalty scheme that would increase the voting power of Ferrari shareholders is one option parent Fiat Chrysler Automobiles will consider when it spins off the luxury marque next year, Chairman John Elkann said....
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Fiat Chrysler to stick with Ferrari CEO

Nov. 28, 2014 14:19 CET
Fiat Chrysler has no plans at this stage to replace Amedeo Felisa as CEO of Ferrari, which it is preparing to spin off, FCA Chairman John Elkann said....
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Ferrari spin-off to reduce Fiat Chrysler debt by $894 million

11:57 am U.S. ET | Nov. 26, 2014
Fiat Chrysler Automobiles expects its net industrial debt to drop by about $894 million thanks to a planned Ferrari spin-off, a regulatory filing showed on Wednesday....
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Fiat takes on 'Fix It Again, Tony' in spot for the 500X

11:30 am U.S. ET | Nov. 24, 2014
Fiat global brand head Olivier Francois calls Tony “the elephant in the room.” And for more than five years, Fiat has tried to run away from him, even though Tony does not exist, but no more. A new spot for the Fiat 500X finally takes on Tony -- the nom de guerre for the brand's decades-old quality woes in its “Fix It Again, Tony” English-language acronym....
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Crossover boom moves downscale; Toyota plans to join stampede

12:01 am U.S. ET | Nov. 21, 2014
Prompted by lifestyle changes among Generation Y buyers, Honda, Fiat and Mazda joined the stampede to introduce smaller entries in the booming crossover market as the industry seeks younger buyers....
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Alfa Romeo midsize sedan will be unveiled next June

Nov. 20, 2014 10:04 CET
Alfa Romeo's new midsized sedan will be unveiled next June, according to sources. The sedan will be positioned in the market between the BMW 3 series and 5 series, sources said....
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Ferrari names Edwin Fenech head of N.A. unit

4:11 pm U.S. ET | Nov. 20, 2014
Ferrari has named 14-year employee Edwin Fenech as CEO of the premium sports car maker's North American unit....
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500X will help Fiat in U.S. where it snows

12:01 am U.S. ET | Nov. 20, 2014
When the 2016 Fiat 500X crossover shows up in North American dealerships next year, it will give the brand its first all-wheel-drive offering for areas that get wintry weather....
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LOS ANGELES AUTO SHOW

Fiat expects new crossover to outsell 500 minicar in U.S.

Nov. 20, 2014 11:11 CET
Fiat expects its Fiat 500X SUV to be even more popular in North America than its retro-styled 500 minicar as it appeals to customers seeking a larger car with the option of four-wheel drive....
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Ferrari to provide Fiat Chrysler big pre-spinoff payout

Nov. 13, 2014 18:02 CET
Fiat Chrysler Automobiles expects to get 2.25 billion euros ($2.81 billion) from Ferrari via transactions it will execute before it spins off the supercar maker from the group, a filing with U.S. regulators showed....
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Marchionne expects Ferrari IPO next year

Nov. 11, 2014 16:05 CET
The initial public offering of Ferrari is expected to happen between the second and the third quarter of 2015, said Sergio Marchionne, CEO of parent Fiat Chrysler Automobiles....
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An FCA-VW merger? Brilliant, Krafcik says

12:01 am U.S. ET | Nov. 10, 2014
In July, Fiat Chrysler Automobiles and Volkswagen denied they were in merger talks after a German magazine reported discussions were underway. Still, John Krafcik, former CEO of Hyundai Motor America, told a media gathering in Detroit last week that he has studied the idea. His conclusion: "This is an absolutely brilliant combination."...
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Fleets give October a big boost

12:01 am U.S. ET | Nov. 10, 2014
Fleet volume sharply outpaced retail sales in October, turning what would have been a below-par sales month into an above-average one....
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Ex-Ferrari boss Montezemolo picked to be chairman of Italy's Alitalia, report says

10:57 am U.S. ET | Nov. 6, 2014
Alitalia has lined up former Ferrari boss Luca Cordero di Montezemolo as chairman and Etihad Airways CEO James Hogan as his deputy in the new company that will be formed when the Italian airline ties up with the Abu Dhabi-based carrier, two sources close to the matter told Reuters today....
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Fiat's Turkish JV will invest $1 billion to build Bravo successor

Nov. 6, 2014 11:22 CET
Fiat's Turkish joint venture, Tofas, will invest $1 billion to produce a family of compact cars to replace the Bravo in Europe. The family will include a hatchback, sedan and station wagon....
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Chrysler Group Q3 profits rise 32% to $611 million on Jeep, Ram gains

10:38 am U.S. ET | Nov. 5, 2014
Chrysler Group today reported net income rose 32 percent in the third quarter from a year earlier to $611 million as strong sales of its Jeep and Ram lines bolstered profits. Chrysler gained just over one point of market share in the United States over the same period a year ago to 12.3 percent on sales of 1,556,059 vehicles....
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Marchionne increases his Fiat Chrysler stake to 1%

Nov. 5, 2014 11:11 CET
Fiat Chrysler CEO Sergio Marchionne has increased his stake in the automaker to 1 percent and nearly doubled his voting stake after exercising stock options and cashing in on a share price jump after a plan to spin off Ferrari was unveiled....
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Marchionne gains $13 million with stock sale after Ferrari deal

Nov. 4, 2014 18:42 CET
Fiat Chrysler Automobiles CEO Sergio Marchionne made about 10.7 million euros ($13.4 million) from a surge in the automaker's share price after he announced a plan to spin off Ferrari....
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VW joining with Fiat Chrysler would be 'brilliant' idea, Krafcik speculates

4:18 pm U.S. ET | Nov. 4, 2014
A merger of Fiat Chrysler Automobiles and Volkswagen would create a well-balanced global automaker that would be highly profitable, John Krafcik, president of auto-buying website TrueCar, said today....
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Jeep, Ram carry Chrysler to another stellar month

12:00 pm U.S. ET | Nov. 3, 2014
Jeep sales continue to defy gravity, with older models even posting strong gains, and helping drive Chrysler Group to another monthly volume increase. Chrysler Group deliveries rose 22 percent in October, giving the company its 55th straight monthly gain....
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Ferrari fined $3.5 million by U.S. regulators for not filing reports

11:00 am U.S. ET | Oct. 31, 2014
Fiat Chrysler Automobiles' Ferrari brand has been fined more than $3.5 million for not filing "early warning reports" indicating safety issues with federal safety regulators....
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LUCA CIFERRI

Is Ferrari worth 12 billion euros?

12:01 am U.S. ET | Oct. 31, 2014
Ferrari is worth as much as 12 billion euros on the open market based on Chairman Sergio Marchionne's most optimistic blue-sky estimate. The true value will be a hot topic for months....
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ANE's November e-magazine goes live Monday

Oct. 31, 2014 06:01 CET
The latest issue of the Automotive News Europe monthly e-magazine goes live on Monday, Nov. 3. This month's edition looks at why megaplatforms are a must-have for any automaker with global ambitions....
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Ferrari spinoff's real winners: Agnelli clan

Oct. 30, 2014 14:31 CET
The real winners in Fiat Chrysler's spinoff of supercar unit Ferrari are Chairman John Elkann and the Agnelli industrial clan he represents, who will be the biggest shareholders of both companies....
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LUCA CIFERRI

Ferrari will go public but remain private

12:01 am U.S. ET | Oct. 30, 2014
Soon it will be possible to own a stake in Ferrari, but even when it is publicly listed the Italian supercar maker probably will be controlled by a very select group....
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