Sergio Marchionne

  • 2012 Ferrari FF

    There were rumblings late last year that Fiat may sell off part of its stake in Ferrari to help raise cash to fund its merger with Chrysler, with the famous sports car manufacturer from Maranello at the time being valued at around $3.3 billion. Speaking recently to an investment group keen to see the sale of Ferrari, along with a possible initial public offering (IPO), Marchionne said that Ferrari was worth at least $7.3 billion. This is about $3 billion more than what analysts believe Ferrari is worth and close to 63 percent of Fiat's entire market value. Ferrari, after all, is the Italian...

  • Sergio Marchionne and his black Ferrari Enzo
    Fiat-Chrysler Boss Sergio Marchionne Shows Off Personal Ferrari Enzo

    What many may not know about Fiat-Chrysler boss Sergio Marchionne is that the unassuming auto exec in a sweater is an avid performance car fan, especially the high-performance cars from Ferrari. At a recent press event in Balocco, Italy, Marchionne took the opportunity to show off his own personal...

  • 2011 Alfa Romeo 4C Concept live photos
    Alfa Romeo U.S. Launch Pushed Back To 2013: Report

    We’ve reported extensively on Alfa Romeo’s relaunch plans for the U.S., with most recent reports suggesting the brand’s return would take place sometime in 2012, led by the stunning 4C sports car and brand new Giulia sedan. Now, people familiar with Alfa Romeo’s plans are...

  • 2011 Alfa Romeo 4C Concept live photos
    Porsche Engines For Alfa Romeo, If Volkswagen Gets Its Way

    The heads of Volkswagen and Fiat are currently in a battle of words over the future of Alfa Romeo, with both sides publicly boasting they know what’s best for the struggling Italian brand. At the recent 2011 Geneva Motor Show Volkswagen chairman Ferdinand Piech proclaimed that he could...

  • Lancia Thema
    2011 Geneva Motor Show Preview: Lancia Reveals Rebadged Chrysler Range

    As we all know the Chrysler brand has been axed in Europe, with its cars continued to be sold across the Atlantic but soon-to-be wearing Lancia badges instead (excluding the UK). Today, just a few weeks out from the 2011 Geneva Motor Show, the rejuvenated Lancia brand is showing off its new lineup...

  • 2011 Chrysler 300
    Chrysler 300 Hybrid Coming In 2013

    It’s official. Chrysler plans to launch a gasoline-electric hybrid version of its latest generation 300 sedan, the information revealed by company CEO Sergio Marchionne at the 2011 Detroit Auto Show last week. It will be fitted with an eight-speed automatic transmission and will be on sale in...

  • 2011 Chrysler 200 Convertible leaked images

    As we all know the Chrysler brand has been in axed in Europe, with its cars continuing to be on sale across the Atlantic but wearing Lancia badges instead. We’ve already reported on the new 2011 Chrysler 300 being sold in Europe as a Lancia Thema and now we have news that the mid-size 200 will also make it to Europe, with Flavia its most likely name. The information was revealed by Fiat-Chrysler CEO Sergio Marchionne who also confirmed that the new Lancia version of the 200 would make its world debut at the 2011 Geneva Motor Show in March. Importantly, both the sedan and a new...

  • 2003 Alfa Romeo Kamal Concept
    Italian Plant To Build New Alfa Romeo And Jeep SUVs

    Hot on the heels of news that Maserati will be launching a new SUV based on the Jeep Grand Cherokee in 2013 comes confirmation that Alfa Romeo will also get its own Jeep-based SUV, a key model in the Italian brand’s return to the U.S. market. The confirmation comes from the highest source...

  • 1957 Ferrari 250 GT Speciale Pinin Farina Coupe
    Fiat To Sell Part Of Ferrari Stake Before Chrysler Merger?

    According to Fiat CEO Sergio Marchionne, Fiat may sell off part of its Ferrari stake before its merger of Chrysler into the group. The move may seem counterintuitive, divesting part of one of the world's most iconic brands for the sake of one of the world's most troubled, but Marchionne explains...

  • 2010 Ferrari 458 Italia
    Is Ferrari Volkswagen’s Next Acquisition Target?

    Volkswagen is intent on becoming the world’s biggest automaker, and of late, it's been looking more and more like a realistic goal. In the past year alone we’ve seen Volkswagen successfully acquire--or at least lay the groundwork to--Porsche, Italdesign-Giugiaro and a sizeable chunk of...

  • Alfa Romeo 2uettottanta Concept By Pininfarina
    Alfa Romeo Plans Full Lineup For U.S. Market

    Fans of Italian styling are anxiously awaiting Fiat and Alfa Romeo's return to the U.S. now that the alliance deal between the Italian auto giant and Chrysler is in full swing. However, while Fiat is confirmed to be here at the end of this year with its 500 minicar, the more premium Alfa Romeo...

  • Chrysler-badged Lancia
    Marchionne: Fiat-Based Chryslers On Sale Before 2012, IPO Possible

    While it’s looking more and more likely that the first Alfa Romeos won’t go on sale in the U.S. until 2012, a new range of Chrysler models based on Fiat platforms could be on sale before then. Chrysler is planning to use Fiat’s compact car...

  • Sergio Marchionne

    With Chrysler’s new parent Fiat making the hard and fast decisions, the automaker is now on track to return to profitability and the first signs of progress are already showing. Chrysler announced today that it made an operating profit of $143 million in the first three months of 2010, helped by last year's severe cost-cutting and sales of the new Ram Heavy Duty pickup trucks. Note that this is operating profit, so when you factor in things like interest and taxes, Chrysler is still left with a net loss of $197 million. Still, it's an indication that Detroit's smallest and weakest automaker...

  • 2011 Chrysler 300 teaser
    Report: 2011 Chrysler 300 Being Rushed For November Launch

    A brand new version of the Chrysler 300 is just around the corner, kicking off a product renaissance at Chrysler that will include a score of new or updated models over the next couple of years. The Auburn Hills-based automaker has already previewed its upcoming 2011 Chrysler 300 in a series of...

  • Chrysler-branded Lancia Delta live at the 2010 Detroit Auto Show
    Chrysler And Lancia To Reveal Joint Product Plan In Geneva

    Chrysler’s lineup, both in North America and Europe, is in for a major shakeup over the next couple of years now that the expanding Fiat Group and its demanding CEO Sergio Marchionne are pulling all the strings. We’ve already seen hints of some of the plans with the unveiling of the...

  • Sergio Marchionne
    Marchionne To Leave Either Fiat Or Chrysler Within Two Years

    Steering both corporations is no small task.

  • 2010 Alfa Romeo Milano rendering
    Early Look At Fiat And Chrysler’s U.S. Model Roll Out

    The success of the Fiat-Chrysler partnership will depend on how Chrysler copes with the next two years.

  • Sergio Marchionne
    Marchionne: Chrysler Profitable By 2011

    As a public company, Chrysler will have to release quarterly financial statements once again.

  • Jim Press and 2011 Jeep Grand Cherokee

    The move is something of a surprise after Press was kept on through the Fiat purchase of Chrysler.

  • 2009 Chrysler PT Cruiser
    Chrysler officially extends PT Cruiser's lifespan by another year

    On the back of falling sales and a model run that has lasted more than nine years, Chrysler decided back in January to end production of the PT Cruiser by the middle of this year. In June, we brought you word that the retro-styled wagon would live on for at least another year, and now Chrysler has...

  • Chrysler Group headquarters
    Restructured ‘Chrysler Group’ completes formation of new board

    With Chrysler’s bankruptcy process now well and truly behind it, and the appointment of a new name and CEO taken care of, the final steps of the company’s restructuring are finally coming to head. Today the company announced the appointment of additional members to its board of...

  • Dodge Viper SRT10 ACR
    Report: Alfa Romeo to sell re-branded Dodge cars in Europe

    Last week we brought you news of Alfa Romeo's plans for the U.S. and the support and enthusiasm that's growing over Alfa's attractive designs. This week there's news of cars going the other way across the Atlantic, this time Dodges to be re-branded as Alfa Romeos for Europe. It's not the only...

  • Alfa Romeo 159 sedan
    New details emerge on Alfa Romeo's plan for the U.S.

    Alfa Romeo is a brand remembered fondly in living memory, and in the case of the 8C, desired greatly in the present, in the United States. Fiat's reputation with Americans is a different story - and that's why CEO Sergio Marchionne is focusing his efforts on the Alfa Romeo nameplate. So far only...

  • Fiat and Chrysler logos
    Fiat-Chrysler deal official, Marchionne takes helm as CEO

    After a dramatic courtship, government intervention and the odd Supreme Court order, Fiat and Chrysler have finally tied the knot. The new 'global strategic alliance' expands Fiat's reach back into the U.S., while offering the 'new' Chrysler - which is already in operation - the support it needs to...

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