For Chrysler, 300 SRT8 key to luxury inroads, fatter margins 12:01 am U.S. ET | March 24, 2013  Chrysler Group, for all its improved performance lately, doesn't sell a lot of luxury cars to wealthy aficionados of German sports sedans. With the new Chrysler 300 SRT8, the company hopes to change that. If the company is able to make a dent in the luxury market with the latest 300 variant, it would be just one more plank in Chrysler's recovery.... Read More »
COMPANY EARNINGS Fiat says profit to fall as Jeep shortage adds to Europe woesMarch 19, 2013 19:34 CET  Fiat warned first-quarter earnings will fall as U.S. delivery snags at Chrysler Group's Jeep brand compound the effects of Europe's sales slump.... Read More »
Fiat says profit to fall as Jeep launch compounds Europe woes 1:34 pm U.S. ET | March 19, 2013  Fiat SpA warned first-quarter earnings will fall as U.S. delivery snags at Chrysler Group's Jeep brand compound the effects of Europe's sales slump.... Read More »
Ghosn favors incentives to revive Europe car demandMarch 18, 2013 06:01 CET Renault CEO Carlos Ghosn supports scrapping incentives to mitigate falling demand for new cars in Europe, which is headed toward a sixth straight year of decline as austerity measures keep customers out of showrooms.... Read More »
Detroit 3 raise alarm as yen weakens, aiding Japanese profits 12:01 am U.S. ET | March 16, 2013  Toyota, which last year overtook GM to become the world's largest automaker even as its profit margins lagged behind the industry, is riding a weakening yen that has Detroit executives concerned. The currency's slide gives Toyota and other Japanese automakers a financial gain on every car, which they can use to cut prices, boost advertising and improve products.... Read More »
Winterkorn open to further VW acquisitionsMarch 15, 2013 06:01 CET  VW Group remains open to making further acquisitions, though the German group has its work cut out integrating its 12 brands, CEO Martin Winterkorn said. "We are currently well positioned with 12 brands, but there are always opportunities that one cannot pass up," Winterkorn said.... Read More »
Marchionne bets billions on Alfa, Maserati 12:01 am U.S. ET | March 11, 2013  Sergio Marchionne is betting billions that Alfa Romeo and Maserati will help drive Fiat's money-losing European operations back into the black by 2015-16.... Read More »
NEWS ANALYSIS European auto execs see rebound next year at the earliestMarch 11, 2013 06:01 CET  The struggling European auto industry will bounce back next year. Or maybe in 2016. Or maybe later. It depends on whom you talk to among the executives here coping with depressed sales and the uncertain government response to Europe's economic crisis.... Read More »
NEWS ANALYSIS Europe: Just how bad is it? 12:01 am U.S. ET | March 11, 2013  The struggling European auto industry will bounce back next year. Or maybe in 2016. Or maybe later. It depends on whom you talk to among the executives here coping with depressed sales and the uncertain government response to Europe's economic crisis.... Read More »
Marchionne's big gambleMarch 7, 2013 06:01 CET  Fiat CEO Sergio Marchionne is betting billions of euros that Alfa Romeo and Maserati will help drive the automaker's money-losing European operations back into the black by 2015-2016. He's also counting on the underperforming sporty brands to help ignite a production boom that will turn the company's under-used European plants into export champions.... Read More »
Automaker chiefs urge end to European austerityMarch 6, 2013 09:49 CET  Automakers joined growing opposition to Europe's austerity measures. Renault CEO Carlos Ghosn urged government spending to revive the region's anemic sales, which he forecast won't recover for another three years.... Read More »
2013 GENEVA AUTO SHOW Hyper-hybrid LaFerrari could redefine green carsMarch 6, 2013 10:50 CET  The LaFerrari is one of the most electrifying debuts at this year's Geneva show, and not only because of its sleek carbon-fiber body or its top speed of more than 350 km/h. It is one of a new breed of sports cars, combining powerful gasoline engines with electric motors, that are part of a new group of greener hyper-hybrid vehicles.... Read More »
Marchionne says Fiat is in talks with banks about Chrysler mergerMarch 6, 2013 08:19 CET  Fiat- Chrysler CEO Sergio Marchionne said he is in talks with banks about financing a merger of the two automakers. The deal would involve purchasing the 41.5 percent of Chrysler that Fiat doesn't own.... Read More »
2013 GENEVA AUTO SHOW Ferrari unveils its fastest model to dateMarch 5, 2013 12:00 CET  Ferrari unveiled the LaFerrari supercar at the Geneva auto show today. The 963-hp hybrid is the fastest, most powerful and most expensive Ferrari model to date. It succeeds the Enzo.... Read More »
Marchionne confirms Fiat's 2013 targets, sees no European market recoveryMarch 5, 2013 11:25 CET  Fiat CEO Sergio Marchionne confirmed the company's 2013 profit targets today and said a recovery in Europe's car markets this year seemed unlikely.... Read More »
Alfa Romeo reboot marks tough road for Fiat recoveryMarch 4, 2013 11:34 CET  Fiat CEO Sergio Marchionne has set himself a tough task to take the sporty Alfa Romeo brand global with more expensive models and triple its sales volume by 2016 -- after years of losses. To make things more challenging, the new Alfas will be built in Italy, where labor and material costs are far higher than in the United States, Asia or Eastern Europe.... Read More »
DOUGLAS A. BOLDUC Alfa 4C, Act II 5:34 am U.S. ET | March 1, 2013  Getting a close look at the Alfa Romeo 4C when it debuts in Geneva will be a challenge if there is a repeat of what happened two years ago at the same show.... Read More »
Marchionne sees clarity on Chrysler ownership in Q3March 1, 2013 11:34 CET  Sergio Marchionne, the CEO seeking to combine Chrysler and Fiat, predicted that Chrysler's future ownership structure won't be clear until the third quarter. He said his "best estimate" is that Fiat has a 50-50 chance of avoiding a Chrysler IPO and creating "one organization."... Read More »
ANE monthly e-magazine goes live MondayMarch 1, 2013 06:01 CET  The new issue of the Automotive News Europe monthly e-magazine goes live on Monday, March 4. Our cover story examines Sergio Marchionne's multi-billion-euro bet that he can turn Alfa Romeo and Maserati into global sales powerhouses.... Read More »
Marchionne sees clarity on Chrysler ownership in Q3 3:34 pm U.S. ET | Feb. 28, 2013  Chrysler and Fiat CEO Sergio Marchionne predicted that the U.S. automaker's future ownership structure won't be clear until the third quarter.... Read More »
Fiat-Chrysler increased global sales by 12.7% in JanuaryFeb. 21, 2013 13:33 CET  Fiat-Chrysler's global sales increased by 12.7 percent in January, boosted by strong demand for the Fiat brand in Brazil and for Chrysler vehicles in North America.... Read More »
2013 GENEVA AUTO SHOW Alfa Gloria hints at forthcoming GiuliaFeb. 18, 2013 11:00 CET  A styling model that hints at the Alfa Romeo Giulia will debut at the Geneva auto show next month. The mid-sized Gloria concept resulted from a collaboration between the Alfa Styling Center and the European Design Institute in Turin.... Read More »
Ferrari supercar to start at 1 million euros, sources sayFeb. 16, 2013 06:01 CET  The pre-tax starting price for Ferrari's next supercar will be about 1 million euros, people familiar to the matter told Automotive News Europe. Volume is expected to be limited to 499 units, sources said, which is 100 more than the Enzo. The increase is being made to meet growing demand for the brand in Asia.... Read More »
Fiat prepping for Chrysler purchase with banking talks, report saysFeb. 12, 2013 16:10 CET  Fiat is discussing financing options with banks to strengthen its balance sheet in preparation to buy the Chrysler stake it doesn't own, three people familiar with the matter told Bloomberg.... Read More »
Fiat prepping for Chrysler purchase with banking talks, report says 10:10 am U.S. ET | Feb. 12, 2013  Fiat is discussing financing options with banks to strengthen its balance sheet in preparation to buy the Chrysler stake it doesn't own, three people familiar with the matter told Bloomberg.... Read More »
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