Sergio Marchionne

Fiat Chrysler says it has no plan to move Ferrari's tax base from Italy

Dec. 11, 2014 16:07 CET
Fiat Chrysler Automobiles denied a report that it is considering moving the tax residence of its Ferrari supercar unit outside Italy. The possibility of the move to save on corporate taxes caused an outcry in its home country....
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Fiat Chrysler sells stock at discount after NY slump

Dec. 11, 2014 11:06 CET
Fiat Chrysler's share sale will carry a discount of 4 percent after the stock plunged the most in New York since the company's October debut. CEO Sergio Marchionne is seeking to raise about $5 billion to counter mounting debt....
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Ferrari said to mull moving fiscal residence outside Italy

Dec. 10, 2014 13:02 CET
Ferrari is considering moving its fiscal residence outside Italy to save on corporate taxes as the supercar maker prepares for its spinoff from Fiat Chrysler Automobiles, sources said....
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Grady to retire as head of Chrysler dealer network, Maserati's N.A. unit

11:54 am U.S. ET | Dec. 5, 2014
Peter Grady will retire as head of Chrysler Group's dealer network on March 31, and will step down as head of Maserati North America at the first of the year. Grady, 54, will retain his current responsibilities until then, Chrysler said in a written statement today....
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Fiat Chrysler launches $2.5 billion bond, share offer

Dec. 5, 2014 10:45 CET
Fiat Chrysler says it has launched an expected share offer and a $2.5 billion mandatory convertible bond as it seeks to reduce its mounting debt pile and fund an ambitious five-year investment plan....
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2014 ALL STARS

Marchionne is Fiat Chrysler's miracle worker

12:01 am U.S. ET | Dec. 1, 2014
Automotive News' 2014 Industry Leader of the Year is Sergio Marchionne, CEO, Fiat Chrysler Automobiles....
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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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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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'18 Wrangler to get 8-speed automatic

12:01 am U.S. ET | Nov. 24, 2014
The long-awaited Jeep Wrangler redesign planned for 2018 will come with an eight-speed automatic transmission that promises to dramatically improve the off-roader's fuel economy....
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NHTSA tells Marchionne to speed up Jeep recall fix

1:58 pm U.S. ET | Nov. 20, 2014
Chrysler Group CEO Sergio Marchionne was sent a stern letter Thursday from federal regulators to speed up repairs of recalled Jeep SUVs that face a heightened fire risk....
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Chrysler's Marchionne told to give deposition in suit over Jeep fire

12:11 am U.S. ET | Nov. 16, 2014
A Georgia judge ordered Fiat Chrysler Automobiles CEO Sergio Marchionne to give a videotaped deposition in a lawsuit filed by the family of a 4-year-old child killed after the Jeep Grand Cherokee he was riding in was rear-ended and caught fire....
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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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Ferrari stock offering expected in Q2 or Q3 in 2015, Marchionne says

12:18 pm U.S. ET | Nov. 11, 2014
The initial public offering of luxury carmaker Ferrari is expected to happen between the second and the third quarter of 2015, Fiat Chrysler CEO Sergio Marchionne said today....
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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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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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Sergio sends message with quick exits

12:01 am U.S. ET | Nov. 3, 2014
Last year, Chrysler quality chief Doug Betts praised boss Sergio Marchionne, saying the CEO's culture of accountability was just what the automaker needed. Last week, Betts became an unwitting poster child for Marchionne's methods....
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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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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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Fiat Chrysler to spin off 10% of Ferrari, raise cash as debt surges

9:13 am U.S. ET | Oct. 29, 2014
Fiat Chrysler Automobiles plans to spin off the Ferrari super-car brand, underpinning efforts to raise about $4.7 billion as the Italian-American carmaker counters rising debt....
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Fiat Chrysler profit increases 7% in Q3

Oct. 29, 2014 15:09 CET
Fiat Chrysler reported a slightly lower-than-expected 7 percent rise in third-quarter operating profit on weak margins in North America and a slowdown in Latin America, but stuck to its full-year guidance of a 14 percent rise in profit....
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Maserati beats Ferrari in Q3 profit on Montezemolo exit

Oct. 29, 2014 18:22 CET
Maserati's quarterly profit topped Ferrari's for the first time since it became part of Fiat Group more than 25 years ago. The main reason was that Ferrari took a big financial hit to part ways with Luca Cordero di Montezemolo....
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LUCA CIFERRI

Ferrari will go public but remain private

3:40 pm U.S. ET | Oct. 29, 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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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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