Sergio Marchionne

LUCA CIFERRI

BLOG: How PSA's Tavares keeps his desk clean

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

PSA's Carlos Tavares has topped past and present CEOs Lee Iacocca, Jacques Nasser and Sergio Marchionne in an interesting category: He has the cleanest desk of any automaker CEO I have ever met....
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LARRY P. VELLEQUETTE

Dealer profits riding on Wrangler decision

12:01 am U.S. ET | March 23, 2015

FCA's ultimate decision on Wrangler is likely to have an outsized impact on every dealership in the nation that sells Jeeps....
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Sergio's payday? Huge any way you count it

12:01 am U.S. ET | March 16, 2015

How much did Sergio Marchionne earn last year? News reports ranged from $8 million to $72 million for the Fiat Chrysler Automobiles CEO. So what was the actual sum? Reporter Larry P. Vellequette dove into FCA's Securities and Exchange Commission filing and came up with $55.5 million in cash, bonuses and benefits....
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LARRY P. VELLEQUETTE

BLOG: Why it's hard to tally Sergio's pay

10:27 am U.S. ET | March 10, 2015

Fiat Chrysler CEO Sergio Marchionne's compensation package is wildly confusing given the structure and how it is reported. There's the conversion of euros to dollars to consider, the value of stock options and other variables. So what's the real number?...
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Sergio speaks -- about Toledo, Ferrari and self-driving cars

12:01 am U.S. ET | March 9, 2015

In a wide-ranging discussion at the Geneva auto show, Fiat Chrysler Automobiles CEO Sergio Marchionne confirmed that the automaker is mulling a proposal from Toledo, Ohio, to keep Jeep Wrangler production there, said Ferrari would be spun off by year's end, and said prospects for fully autonomous driving are overstated....
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Fiat will export new compacts to EU from Turkey

March 6, 2015 06:01 CET

Fiat Chrysler will begin sales of a Turkey-built hatchback and station wagon in Europe's key compact segment next year, CEO Sergio Marchionne said. The new models will plug a big hole in Fiat's European product lineup. The compact car segment, led by the VW Golf, is Europe's second biggest by sales after subcompacts....
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Marchionne's pay package valued at $34 million for 2014, including special bonus

12:38 pm U.S. ET | March 6, 2015

Fiat Chrysler Automobiles CEO Sergio Marchionne earned a pay package currently valued at 31.3 million euros ($34 million) last year, including a bonus for cementing a deal that created the world's seventh-largest carmaker, a regulatory filing showed....
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Fiat Chrysler's Polish plant will build restyled Fiat 500, Lancia Ypsilon, reports say

March 5, 2015 11:09 CET

Fiat Chrysler will start producing restyled versions of its Fiat 500 and Lancia Ypsilon models this year at its Tychy plant in Poland, reports said. The plant already builds the current versions of the two models alongside Ford's Ka minicar....
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2015 GENEVA AUTO SHOW

Fiat's Mazda-based roadster will be called the 124 Spider

March 4, 2015 14:24 CET

Fiat Chrysler CEO Sergio Marchionne revealed that Fiat will call its new Mazda-based roadster the 124 Spider, reviving a name from the 1960s. The roadster will be based on the Miata MX-5....
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Fiat brand will never again be a mass-market player in Europe, Marchionne says

March 4, 2015 19:42 CET

The Fiat brand will never again be a mass-market marque in Europe, Fiat Chrysler CEO Sergio Marchionne said. The change reflects Fiat's increasing strategic emphasis on profit and brand discipline....
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Fiat Chrysler may sell more than 10% of Ferrari in New York IPO

4:57 pm U.S. ET | March 3, 2015

Fiat Chrysler Automobiles may sell a stake exceeding 10 percent when its Ferrari division holds an initial public offering this year, as more investors than expected seek a share of the supercar manufacturer....
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Apple seen emerging as serious competitor by auto executives

9:09 am U.S. ET | March 3, 2015

Auto executives are taking seriously the prospect that Apple and Google will emerge as competitors even as they consider partnering with the two....
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Marchionne says he has merger candidate in mind, but it's not VW

6:22 am U.S. ET | March 3, 2015

Volkswagen is not the ideal candidate for a tie-up with Fiat Chrysler, the CEO Sergio Marchionne said today, adding he was exploring various merger and acquisition options....
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Marchionne raises FCA stake as Ferrari spinoff nears

Feb. 27, 2015 13:53 CET

Fiat Chrysler Automobiles CEO Sergio Marchionne has increased his voting stake in FCA to nearly 1 percent after raising his shareholding in the company by 2.3 million common shares to 14.4 million as the automaker readies to spin off Ferrari....
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Family owners of Ferrari say they will not sell stake

10:36 am U.S. ET | Feb. 18, 2015

Piero Ferrari, son of the eponymous luxury sports car company's founder Enzo Ferrari, said today he had no intention to sell the 10 percent stake his family owns in the company....
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WRANGLING SERGIO

Toledo hurries incentives to keep Jeep's iconic SUV

12:01 am U.S. ET | Feb. 16, 2015

Fiat Chrysler Automobiles is studying a proposal from Toledo officials to roughly double the size of its cobbled-together Jeep Wrangler line here to about 3 million square feet. The proposal would, in theory, raise the annual Wrangler production capacity to an estimated 350,000....
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Next-gen Wrangler will keep solid axles

12:01 am U.S. ET | Feb. 15, 2015

The next-generation Jeep Wrangler will keep the floating solid axles considered key to the off-roader's ability to traverse nearly any terrain, Automotive News has learned....
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NEWS ANALYSIS

Can Ferrari really cut it in luxury beyond supercars?

Feb. 14, 2015 06:01 CET

Ferrari faces a battle to persuade investors that it should be priced as a high-flying luxury goods stock. Compared with high-end brands such as Prada, Ferrari's margins are low and it needs heavy investment to make its prancing horse logo a big attraction on exclusive lines besides cars....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Fiat goes global with 500X

Feb. 13, 2015 09:42 CET

Fiat's 500X has the widest engine and transmission range in the automaker's lineup as the company prepares to offer the crossover in 100 global markets by year-end, including the U.S. where Fiat expects it to outsell the retro-styled 500 three-door hatchback....
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Marchionne says 'beauty contest' for Ferrari IPO is under way

Feb. 11, 2015 09:19 CET

A "beauty contest" is under way to select the banks that will take Ferrari public, said Sergio Marchionne, CEO of the supercar maker's parent, Fiat Chrysler Automobiles....
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Fiat Chrysler stock surge fails to win over skeptical analysts

8:26 am U.S. ET | Feb. 10, 2015

Buoyed by plans to spin off Ferrari, Fiat Chrysler boss Sergio Marchionne has supplanted Tesla Motors' Elon Musk as the CEO with the car industry's best-performing stock. Analyst skepticism is as high as the share price....
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Toledo mayor, a Jeep champion, dies following cardiac arrest

3:29 pm U.S. ET | Feb. 6, 2015

Toledo, Ohio, Mayor Michael Collins -- a leading champion to keep Jeep Wrangler production in the city -- died Friday. The first-term mayor had been stewarding the city's bid to keep production of the Jeep Wrangler at Fiat Chrysler's Toledo Assembly Complex....
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Marchionne has FCA on fast track to profit in Europe

Jan. 28, 2015 16:28 CET

Fiat Chrysler Automobiles will be profitable in Europe a year earlier than expected, CEO Sergio Marchionne said. Previously, Marchionne said the automaker's regional operations in Europe, Middle East and Africa (EMEA) would break even this year and turn a profit in 2016....
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Fiat Chrysler's 7% global sales growth outpaces biggest peers

4:09 pm U.S. ET | Jan. 22, 2015

U.S. car buyers' thirst for Ram trucks and Jeep SUVs sent Fiat Chrysler's sales up faster than those of the biggest three carmakers last year, an early positive sign for CEO Sergio Marchionne's ambitious five-year growth plan....
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LARRY P. VELLEQUETTE

BLOG: Why Marchionne's Wrangler conundrum will require creativity

12:22 pm U.S. ET | Jan. 19, 2015

I truly believe that FCA CEO Sergio Marchionne would prefer to write a big check and keep the next generation Jeep Wrangler in its historic home in Toledo, Ohio. The problem? There's not much wiggle room right now in the corporate checking account....
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