BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating profit by 2022. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car… Continue reading UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
Tag: Ferrari
Alfa Romeo to Challenge Ferrari, Porsche With a New Supercar
LISTEN TO ARTICLE SHARE THIS ARTICLE Alfa Romeo announced on Friday that it will produce a supercar that could go up against the likes of Ferrari, McLaren, and Porsche. The upcoming coupe, which will be called the 8C, will run on a turbo-charged mid-engine, using an all-wheel-drive electric drive system. Total output will equal at least 700 horsepower,… Continue reading Alfa Romeo to Challenge Ferrari, Porsche With a New Supercar
Leading Fiat Out of the Desert
Sergio Marchionne once defined his mission at Fiat Chrysler Automobiles NV — a company formed via the unlikely union of two hobbled automotive also-rans — in almost biblical terms. “We need to be able to cross the desert,” the CEO told investors in 2016 as he looked at the technological revolution facing the industry. “We… Continue reading Leading Fiat Out of the Desert
UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) Sergio Marchionne laid out his final strategic vision as chief executive on Friday with a focus on sport utility vehicles and a 9 billion euro ($10.5 billion)investment plan for electric and hybrid cars. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car dealership in New Jersey,… Continue reading UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
Maserati’s Plans to Speed Past Tesla
LISTEN TO ARTICLE SHARE THIS ARTICLE Maserati isn’t even trying to hide its ambitions — it’s out to get Tesla. Its weapon of choice: the full-electric Alfieri sportscar, with a top speed exceeding 186 miles per hour (about 300 km/h) and an acceleration from zero to 62 mph in less than two seconds. By comparison,… Continue reading Maserati’s Plans to Speed Past Tesla
Fiat Chrysler investors want electric road map in CEO’s swan song
MILAN/LONDON (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) boss Sergio Marchionne is expected to outline new plans for electric and hybrid cars in a strategy presentation on Friday, aiming to ensure the world’s seventh-largest carmaker remains in the race in the absence of a merger. FILE PHOTO: FCA CEO Sergio Marchionne addresses the media during a… Continue reading Fiat Chrysler investors want electric road map in CEO’s swan song
GWM Tops the group in “2018 China Most Valuable Brands 100”
A few days ago, “2018 China Most Valuable Brands 100” was officially released. Great Wall Motor Company Limited (hereinafter referred as GWM), by virtue of its brand value of RMB 36.047 billion, took the lead in the development of auto industry together with SAIC Motor. Among the 21 enterprises that applied for automobile and component… Continue reading GWM Tops the group in “2018 China Most Valuable Brands 100”
Pagani: why the small Italian maker is planning an electric hypercar
The fastest thing about many supercar start-ups is the speed at which they fold, some producing nothing more than broken promises during the brief period between foundation and demise. Not so Pagani. The Italian manufacturer remains a tiny player when compared with Ferrari and Lamborghini, but it has proved to be in it for the… Continue reading Pagani: why the small Italian maker is planning an electric hypercar
Flight of the Valkyries.
The serially loss-making Aston Martin Holdings Ltd. is purring again. At least, that’s the conclusion you might draw from the few financial figures the luxury carmaker hands out to journalists each quarter. Revenue jumped by half last year thanks to swish new models such as the DB11. The private-equity and Kuwaiti-owned company’s 87 million pounds ($116 million) of… Continue reading Flight of the Valkyries.
The Ferrari SP38, the new creation from the One-Off programme
Maranello, May 23 2018 – The Ferrari SP38, the latest offspring from Ferrari’s One-Off programme, has been unveiled at Fiorano where, after the ceremonial handover to one of Ferrari’s most dedicated customers, the car was immediately put through its paces in a series of hot laps. Designed by the Ferrari Design Centre on the chassis… Continue reading The Ferrari SP38, the new creation from the One-Off programme