Carmakers are focusing on pickup trucks and SUVs as they seek to counter falling sales in the US. Sales of new vehicles in the world’s second-largest market dropped 2% last year to 17.2 million, the first fall since 2009. This year is expected to see another fall in sales, so carmakers are focusing on the… Continue reading Detroit Auto Show: Firms bet on trucks to boost US sales
Tag: FCA
Ferrari Announces An All-Electric Supercar Is Coming
Head honcho Sergio Marchionne says it will be the first of its kind, though it has been done before. A Ferrari without a combustion engine already exists in the shape of the all-electric 308 GTS pictured here, but it didn’t come like that straight from Maranello. If you’re keen on the idea of buying a… Continue reading Ferrari Announces An All-Electric Supercar Is Coming
Chinese Carmaker May Use Fiat Chrysler for Foothold in United States
“In the first half of this year, we will establish a North American sales company that will be responsible for developing the dealership network,” Mr. Jun said. “We will explore all sorts of channels including partnering with F.C.A. as well as others.” Sergio Marchionne, Fiat Chrysler’s chief executive, said his company was ready to assist… Continue reading Chinese Carmaker May Use Fiat Chrysler for Foothold in United States
Reinvent or die: Fiat CEO to car companies
Marchionne has witnessed major changes already leading Fiat for almost 14 years, overseeing the combination with Chrysler in 2014 and the 2016 spinoff of Ferrari DETROIT: Sergio Marchionne, one of the longest-serving CEOs in the automotive industry, has a blunt warning: Carmakers have less than a decade to reinvent themselves or risk being commoditised amid… Continue reading Reinvent or die: Fiat CEO to car companies
UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCA) (FCHA.MI) (FCAU.N) has no intention of breaking up the company or selling individual brands to China or other parties, the company’s chief executive said on Monday, adding that the group was counting on its coveted Jeep brand to drive future profits. “We’re not going to break up… Continue reading UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese
Ferrari SUV must look and drive like a Ferrari, says Marchionne
Fiat Chrysler boss Sergio Marchionne has reconfirmed his plans to build a Ferrari SUV – but reassured fans it will not dilute the brand’s DNA. The colourful CEO initially indicated his intention to build an SUV – or FUV (Ferrari Utility Vehicle) in November 2017 and has since seen Lamborghini enter the market by launching… Continue reading Ferrari SUV must look and drive like a Ferrari, says Marchionne
Fiat Chrysler boss says no plans to break up company
DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCHA.MI) (FCAU.N) CEO has no intention of breaking up the company or selling off individual brands to China or any other parties, he said on Monday, adding the group was counting on its coveted Jeep brand to drive profit. Speaking at the Detroit auto show, Chief Executive Sergio… Continue reading Fiat Chrysler boss says no plans to break up company
U.S. automakers bet on diesel trucks after VW scandal
DETROIT, Jan 15 (Reuters) – U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG’s 2015 diesel emissions scandal. General Motors Co said at the Detroit auto show it would offer a diesel 2019 Chevrolet Silverado pickup truck and now offers diesel versions of its Equinox, Cruze,… Continue reading U.S. automakers bet on diesel trucks after VW scandal
BRIEF-Fiat Chrysler CEO says no woman among successor candidates
Jan 15 (Reuters) – Fiat Chrysler Automobiles Chief Executive Sergio Marchionne tells reporters in Detroit: * THERE IS NO WOMAN AMONG CANDIDATES CONSIDERED AS HIS SUCCESSOR * WILL KEEP HIS POST AS CHAIRMAN AT CNH INDUSTRIAL FOR NOW Further company coverage: (Reporting by Milan newsroom) Our Standards:The Thomson Reuters Trust Principles.
BRIEF-Fiat Chrysler CEO: makes more sense to buy back shares than pay dividends
Jan 15 (Reuters) – Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne told reporters in Detroit: * BELIEVES MAKES MORE SENSE TO USE CASH TO BUY BACK SHARES THAN TO PAY OUT DIVIDEND * WHEN ASKED ABOUT A POTENTIAL JEEP SPIN-OFF, SAYS SEPARATING BRANDS FROM THE GROUP IS A “COMPLEX MATTER”, WOULD NOT DISTANCE HIMSELF FROM… Continue reading BRIEF-Fiat Chrysler CEO: makes more sense to buy back shares than pay dividends