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
Tag: Ferrari
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
Adapt or Die Is Marchionne’s Stark Farewell Message to Carmakers
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 commoditized amid a seismic shift in how vehicles are powered, driven and purchased. Developing technologies like electrification, self-driving software and ride-sharing will alter consumers’ car-buying decisions within six… Continue reading Adapt or Die Is Marchionne’s Stark Farewell Message to Carmakers
Fiat CEO Sees Room to Double Profit by 2022
Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne, one of the longest-serving bosses in the auto industry, said the company can double profit within five years by exploiting the potential of the Jeep brand. Sergio Marchionne Photographer: Chris Ratcliffe/Bloomberg With the offroad nameplate in position to grab as much as 20 percent of the… Continue reading Fiat CEO Sees Room to Double Profit by 2022
2018 CES: Intel, in Collaboration with Ferrari North America, Accelerates Race Car Drivers and Fans to Next-Level Experiences Powered by Artificial Intelligence
Today in his opening keynote address at the 2018 International Consumer Electronic Show (CES) in Las Vegas, Intel CEO Brian Krzanich announced a three-year partnership with Ferrari* North America that will bring the power of artificial intelligence to the Ferrari Challenge North America Series, one of three geographically diverse championship series. Beginning this year, race… Continue reading 2018 CES: Intel, in Collaboration with Ferrari North America, Accelerates Race Car Drivers and Fans to Next-Level Experiences Powered by Artificial Intelligence
Intel Partners with BMW, Nissan, SAIC Motor, Volkswagen, Paramount Pictures, Ferrari North America to Showcase Power of Data at CES
Consumer Electronics Show (CES), Las Vegas, Jan. 8, 2018 – In the opening keynote for CES 2018, Intel CEO Brian Krzanich highlighted how data is transforming the world around us and driving the next great wave of technology innovation, from autonomous driving to artificial intelligence (AI) to virtual reality (VR) and other forms of immersive… Continue reading Intel Partners with BMW, Nissan, SAIC Motor, Volkswagen, Paramount Pictures, Ferrari North America to Showcase Power of Data at CES
BRIEF-Intel partners with BMW, Nissan, Saic Motor, Volkswagen, Paramount Pictures, Ferrari North America to showcase power of data at CES
Jan 8 (Reuters) – Intel Corp: * INTEL PARTNERS WITH BMW, NISSAN, SAIC MOTOR, VOLKSWAGEN, PARAMOUNT PICTURES, FERRARI NORTH AMERICA TO SHOWCASE POWER OF DATA AT CES Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters Trust Principles.
Aston Martin Seeks $6.8 Billion Value in Potential IPO
Aston Martin is targeting a valuation of as much as 5 billion pounds ($6.8 billion) in a potential initial public offering of the British sports car maker, according to people familiar with the matter. The manufacturer has held preliminary talks with advisers about a valuation including debt that would put it on par with Ferrari NV,… Continue reading Aston Martin Seeks $6.8 Billion Value in Potential IPO
Fiat Chrysler boosted by Jeep growth expectations
MILAN (Reuters) – Fiat Chrysler (FCHA.MI)(FCA) shares hit a record high on Monday on growing expectations that the carmaker’s coveted Jeep brand will unlock even greater value this year. The stock jumped more than 20 percent last week on a bullish outlook for the auto sector and media speculation that Chief Executive Sergio Marchionne’s final… Continue reading Fiat Chrysler boosted by Jeep growth expectations