Jump to content
Create New...
  • 💬 Join the Conversation

    CnG Logo SQ 2023 RedBlue FavIcon300w.png
    Since 2001, Cheers & Gears has been the go-to hub for automotive enthusiasts. Join today to access our vibrant forums, upload your vehicle to the Garage, and connect with fellow gearheads around the world.

     

  • William Maley
    William Maley

    FCA's Sergio Marchionne Skeptical on Tesla Model 3

      FCA's CEO isn't sure how Tesla is going to make a profit on the Model 3

    Fiat Chrysler Automobile's CEO Sergio Marchionne is someone who speaks his mind - for better or worse. Speaking with Automotive News Europe, Marchionne expressed his skepticism on the recently unveiled Tesla Model 3, specifically on how they can make a profit.

     

    "I'm am not surprised by the high number of reservations but you have then to build and deliver them and also be profitable," Marchionne said.

     

    The Model 3 is Tesla entry into the mass-market EV segment with a $35,000 pricetag. At the moment, reservations for the new model are nearing 400,000. Marchionne doesn't see how Tesla could make money on it.

     

    But Marchionne went on to say if Tesla's Elon Musk "can show me that the car will be profitable at that price, I will copy the formula, add the Italian design flair and get it to the market within 12 months."

     

    Considering this is the same person who railed against EVs for years, it is a bit of a shock. Asked if he thinks the company is arriving late to the EV party, Marchionne said: “better late than sorry.”

     

    Source: Automotive News Europe (Subscription Required)

    User Feedback

    Recommended Comments

    WOW, Talk about an Idiot. This from a guy who has stolen BILLIONS for the so called revival of Alfa, instrumental to the success of FCA long term rather than reinvest that money into the lines that already exist and bump up quality.

     

    If he really wanted to build an EV he would have done it already like GM rather than wait till everyone else has done it, and then follow along way too late and still loosing.

     

    This guy is not only NOT a car guy, but has NO business sense and the board really needs to kick his lazy ass out.

    Link to comment
    Share on other sites

    He is an idiot who has no clue.  There is no possible way they could copy any car and get it to market in 12 months.  Let alone something like an electric that takes more development.  When is the last time FCA developed a good car?  The last good car was the 2005 Chrysler 300 and that was in the Daimler era.  

     

    The Fiat 500 had Italian flare, that failed, the 500x was a crossover with Italian flare, it probably the only crossover ever to fail, the Alfa 4C has no sales, the Guilia has long over due and likely over budget and likely won't sell.  Maserati Ghibli was a bust, Fiat 500L a total disaster.  The only hits they have had were the Jeep Cherokee revival and Renegade.  The Grand Cherokee is a success, but was already in place long before Sergio took over.  Dodge Dart is biblically terrible, Avenger dead, no mid-size car at all, Chrysler 200 is sold to rental agencies, and was put on death row 2 years after going on sale.

    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.




  • Support Real Automotive Journalism

    Cheers and Gears Logo

    Since 2001, Cheers & Gears has delivered real content and honest opinions — not emotionless AI output or manufacturer-filtered fluff.

    If you value independent voices and authentic reviews, consider subscribing. Plans start at just $2.25/month, and paid members enjoy an ad-light experience.*

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • And they used to make this, with probably the best wheels ever.  Then it went downhill fast.
    • Will be interesting to see how mercedes uses their 800V EV system on the current auto's, hopefully they can get their mojo back on style and YES, I agree that BMW peaked in the 90's with style and has clearly lost it with the Big Nostril Grills. How anyone thinks this looks good is beyond me.
    • Like showing proof of insurance, either proof of purchase of a gun safe (Yes, I know this could be forged), proof of home insurance showing Guns and gun safe on the insurance (Yes, I know this could be forged). There is no bullet proof way of ensuring gun locks and gun safes, but we have to do our best.  I also think there is no need for Military style guns in public possession, but that is my feeling, and I know gun companies would fight this as they feel they have a right to sell everything to everyone and be damn any regulations about responsibility. Gotta start somewhere for better gun safety.
    • My country is not the one that is threatening ICE agents at the Superbowl just because there will be  a gay Puerto Rican performing t the half time show. Need I show you the peaceful tactics of ICE agents?   Need I spell out the homophobic so called Christian reasons of why said performer is not wanted at the Superbowl half time show? Need I also spell out the love that one sector of Americans have for another? All the things that I have pointed out that you call insufferable... PS: Charlie Kirk spewed ALL that kind hatred in his podcasts and University campus debates. The Bad Bunny hatred at the half time show hatred...   Charlie Kirk advocated for gun violence too and ironically died in the very same way he condoned...  And the shooter of Charlie Kirk at that school was another far right phoquetard.   So phoque you @ccap41  for it all!!!  Are you trying to shame me for what your shytty country has become?  You cant see your own hypocrisy of questioning MY thoughts on how your phoquing shytty country is soooooo phoquing shytty? Dude...shame on you and your fellow country men.  YOU and YOUR countrymen are insufferable...   
    • Simply insufferable. 
  • Who's Online (See full list)

    • There are no registered users currently online
  • My Clubs

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search