Volvo’s target is the lower end of the Lexus, BMW, Audi and Mercedes lines… Most experts consider the cars made by these companies engineering marvels. And Volvo, a Swedish marque with Chinese ownership, is another manufacturer that does not have the model line, marketing budget or dealer network to hope to compete.
Doesn’t sound like a vote of confidence, does it?
Fiat says it sits on a 22.7 billion euro cash pile. CONSOB, the Italian equivalent of the SEC, told Fiat to explain “size and purpose” of its cash position, says Il Messagero in Rome. Fiat says it is not aware of an alleged probe, and that any suggestion that its cash pile was lower than reported in its statements was false, and will be dealt with. (Read More…)
Fiat/Chrysler CEO Sergio Marchionne casts longing eyes at GM’s palsied German daughter Opel, still, or again. Fiat was interested in taking Opel off GM’s trembling hands in 2009. Fiat is ready again, says the Italian business daily Il Sole 24 Ore, if Fiat gets a similar deal as with Chrysler: Opel for nothing, preferably with a cash sweetener. (Read More…)
The Mazda/Alfa Romeo sports car collaboration was best described by one industry reporter as “the first slow dance, where they leave room for Jesus”. Now it looks like Fiat is definitely trying to cop a feel.
Workers at Chrysler plants in Windsor and Brampton, Ontario ratified the CAW’s labor agreement by an overwhelming majority, despite a lack of new product or investment at either plant.
GM’s Susan Docherty, who is in charge of Chevrolet Europe, is shocked by GM alliance partner PSA Peugeot Citroen. PSA, along with Fiat, are producing “very scary numbers” with discounts of as much as 30 percent off gross sale prices, Docherty told Bloomberg. Opel’s numbers can be even scarier. (Read More…)
With a CAW labor contract expected to be announced today, Fiat has confirmed that cars built in Italy will be exported to markets like the United States, as Fiat looks beyond its ailing home market for growth.
“What he invests on research and development in a year is not enough for us to even make part of a mudguard. He should stop bugging us,”
Fiat CEO Sergio Marchionne responds to the unsolicited advice of Tod’s founder Diego Della Valle. It’s been a busy week for Sergio, whose homecoming in Italy was met with endless chirping from various corners of society.
In a sit-down with Italy’s Prime Minister Mario Monti , Fiat CEO Sergio Marchionne and chairman John Elkann came to a belated conclusion: A slump in Europe is not such a bad thing of you can sell you cars elsewhere. After the sit-down, Fiat told Reuters that it wants to “re-orient” its business model in Italy “to focus on exports, particularly outside of Europe.” This, the person familiar with the situation said, can mean only one thing: Get ready for made-in-Italy Jeeps and Imported from Torino Chryslers. (Read More…)
Always good for a surprise, Fiat CEO Sergio Marchionne made an unusual announcement. Not only did he tell everybody that Fiat will receive government financing and tax breaks from Brazil, he also said when he received similar help from Italy: A ver long time ago. (Read More…)
Fiat CEO Sergio Marchionne vowed he will not close any of Fiat’s six Italian factories, Reuters reports. Actually, he says, he is a victim of circumstance: (Read More…)
Sergio Marchionne led a day-long product show in Las Vegas for Chrysler and Fiat dealers, highlighting upcoming product over the next couple years.
A couple tweaks have finally pushed the Fiat 500 to the magical 40 MPG mark – but only on manual-equipped version.
A shocking report from Automotive News has broached a previously unfathomable development; Alfa Romeo’s U.S. launch is apparently delayed, catching countless observers off-guard, after expecting an efficient, trouble-free re-introduction for the historic marque.
While discussing the future of a Mazda/Fiat collaboration last week, one industry insider trusted by TTAC had this to say
“It’s a bit like a first dance during the sixth grade…the Roadster, I mean. They’re leaving room for Jesus, but still able to cop a feel if they’re lucky.”
Now we’ve got more info on the Alfa/Mazda collaboration, and the possibility of more co-operation between Fiat and Japan’s last auto maker.
Recent Comments