Stellantis
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Fiat to unveil plans for Mirafiori plant on Friday November 25, 2010 06:01 CET MILAN (Reuters) -- Fiat S.p.A. will unveil details of its investment plan for the historic Mirafiori plant in Turin at a key meeting with union representatives on Friday. Fiat, Italy's largest industrial group, has vowed to invest 20 billion euros ($27 billion) in car plants in Italy to boost production and improve efficiency in exchange for more labor flexibility. But the company has yet to communicate how it intends to reform production at its factories, with the exception of the Pomigliano plant, where it is investing 700 million euros after a key agreement with unions. "Fiat confirms t…
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Why Marchionne wants a bigger war chest November 16, 2010 - 11:30 pm ET Fiat CEO Sergio Marchionne wants to build a war chest worth an estimated 2 billion to 2.5 billion euros ($2.7 billion to $3.4 billion) in cash. He likely will do so by selling Fiat-owned parts supplier Magneti Marelli as well as a stake of up to 39 percent in supercar maker Ferrari to help cover the cost of increasing Fiat's stake in Chrysler to 51 percent from 35 percent by 2013. Marchionne's willingness to part with such valuable assets, both sales could happen in the next 12 to 18 months according to analysts briefed by Marchionne on Nov. 12, is a stark reminder of what we learned during the re…
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Fiat could boost production in U.S., Poland, Serbia if Italy plan fails Luca Ciferri Automotive News Europe -- November 1, 2010 06:01 CET TURIN – The United States, Poland and Serbia could benefit from expanding production volumes if Fiat S.p.A.'s plan to boost output in Italy is derailed by uncooperative unions. Fiat CEO Sergio Marchionne has warned that if he can't negotiate more efficient work rules for the automaker's Italian assembly plants, he will consider other production locations. “Certainly those vehicles that are required for western European consumption would have to find a production home, and we have other [facilities] that are available to take their…
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Marchionne admits Fiat would perform better without its home country? by Chris Shunk (RSS feed) on Oct 27th 2010 at 9:29AM Fiat claims that it is on pace to earn two billion euros ($2.8 billion in U.S. funds) in 2010. Good news to be sure, but Reuters reports that CEO Sergio Marchionne says that the company's five factories in Italy contribute exactly zero percent of that profit due to the country's rigid unions. In fact, the CEO claims that Fiat loses money in it's Italian factories, saying "Fiat would do more if it took Italy out from its results. We cannot continue to manage operations at a loss forever." Marchionne claims that the problem with the Italian unions i…
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Officials in Italy angry over remark by Fiat CEO By ALESSANDRA RIZZO ASSOCIATED PRESS ROME -- Fiat CEO Sergio Marchionne said the Italian automaker would be better off without Italy and its balky unions, provoking an angry reaction Monday from some labor and government officials. Fiat has been in tense negotiations with unions over its plan to shut down a factory in Sicily next year. The company has also said it wanted to move production of one of its models from Poland back to Italy, but in exchange for labor concessions that one union rejected. Fiat, which controls U.S.-based Chrysler, has recently raised its 2010 forecasts, and Marchionne said that trading profit …
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Fiat would perform better without Italy, Marchionne says Marchionne says all Fiat's car plants in Italy lose money. October 25, 2010 06:01 CET MILAN (Reuters) -- Fiat S.p.A. would perform better without its money-losing Italian plants, CEO Sergio Marchionne said. Not a single euro of the 2 billion euros of trading profit that Fiat is targeting for 2010 will come from Italy, where all Fiat passenger-car plants are loss-making, Marchionne told the television program Che tempo che fa on Sunday. "Fiat would do more if it took Italy out from its results. We cannot continue to manage operations at a loss forever," Marchionne said. Marchionne has clashed with domestic unio…
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Fiat's Altavilla to head Iveco trucks Staff Report Automotive News Europe -- October 11, 2010 16:49 CET Alfredo Altavilla, who heads Fiat S.p.A.'s powertrain division, will take over as CEO of the company's Iveco truck unit, Fiat said. Altavilla replaces Paolo Monferino who is leaving Fiat Group to become head of health services for Piedmont, the region in which Turin-based Fiat is located. Fiat is spinning off industrial operations including Iveco and CNH Global to focus on cars. The company plans to list Fiat Industrial S.p.A. shares on the Milan exchange on Jan. 3. The news that Monferino is leaving the company is “unlikely to be helpful just months away from th…
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Fiat shows new models to be built at Serbian plant, Economy Ministry says October 11, 2010 13:58 CET Fiat S.p.A. showed Serbian government officials two models that will be built at the carmaker’s plant in the Balkan country and exported to the European Union and the United States, the Economy Ministry said. A five-seat model designed for the EU and a seven-seat vehicle to be sold there and in the United States would be built at Fiat’s factory in Kragujevac by about the second quarter of 2012, Mladjan Dinkic, Serbia’s deputy prime minister in charge of economy, said in a statement sent by e-mail yesterday after the officials visited Fiat headquarters in Turin. The pr…
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Report: PSA may withold hybrid vehicles in China over intellectual property concerns by Jeremy Korzeniewski (RSS feed) on Oct 8th 2010 at 4:31PM Cracking the burgeoning Chinese automobile market is a challenge that nearly every automaker in the world is currently grappling with. Among the myriad reasons why the Chinese nut is a tough one to crack is that the government has set strict regulations and laws that must be met before it will approve of any automaker doing business within its borders. For instance, no foreign automaker is allowed access into the country without first partnering up with a local manufacturer from China. Naturally, that means sharing a great dea…
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Filed under: Hybrid, China, Government/Legal, Technology, Peugeot, Citroën, Diesel Peugeot 3008 Hybrid4 - Click above for high-res image gallery Cracking the burgeoning Chinese automobile market is a challenge that nearly every automaker in the world is currently grappling with. Among the myriad reasons why the Chinese nut is a tough one to crack is that the government has set strict regulations and laws that must be met before it will approve of any automaker doing business within its borders. For instance, no foreign automaker is allowed access into the country without first partnering up with a local manufacturer from China. Naturally, that means sharing a great dea…
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Fresh Videos of New Lancia Stratos Shot During Final Testing The developers of the New Stratos have released some new video footage of their Ferrari F430 Scuderia-based supercar. The first clip shows WTTC and former Formula-1-Pilot Tiago Monteiro fine-tuning the chassis of the New Stratos at Balooco test track, Italy, while the second video is from the final wind tunnel test that took place on September 13th at Pininfarina's plant in Turin. We're still waiting for the full technical specs and performance numbers but for now, head over the jump to watch the two aforementioned videos plus one more with the owner of the one-off supercar, Michael Stoschek, tackling the Aros…
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Fiat picks Ally Financial for U.S. dealer loans Alisa Priddle / The Detroit News Ally Financial has been chosen as the preferred financing company for the purchase of Fiat vehicles in the United States, Chrysler Group LLC announced today. Ally, formerly GMAC, is the main financial source for Chrysler. The Auburn Hills automaker ended its relationship with Chrysler Financial as part of its bankruptcy restructuring in 2009. Chrysler is in the process of choosing dealers to sell the Fiat brand, starting with the Fiat 500 in December. The automaker is expected to name the first 165 dealers this month. Interested dealers submitted proposals earlier this month. Ally will o…
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PSA Peugeot Citroen trumpets 'new energy' Associated Press Paris -- PSA Peugeot Citroen's chief executive says "new energy" technologies such as its unique diesel-electric hybrid are a major theme of this year's Paris auto show. France's largest car maker is launching the 3008 HYbrid 4 model at the show, before it goes on sale next year. The group is targeting annual sales of diesel-electric hybrid vehicles of around 100,000 by 2015, mainly in Europe. CEO Philippe Varin said today that Peugeot Citroen sees hybrid and fully electric vehicles reaching 15 percent of the global market by 2020. That's well over the 5-percent forecast of PricewaterhouseCoopers' Autofacts c…
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PSA pitches diesel-electric hybrid in race to catch Toyota September 28, 2010 08:31 CET PARIS (Bloomberg) -- PSA/Peugeot-Citroen will unveil the world's first diesel-electric car this week to take on Renault SA's all-electric strategy as both French carmakers play catch-up to Toyota Motor Corp. PSA, Europe's second-largest automaker, will use the Paris auto show to push a hybrid version of its 3008 crossover hatchback, while Renault sets out its strategy for making battery-powered cars a mass-market success. PSA CEO Philippe Varin and Renault-Nissan CEO Carlos Ghosn's face-off exemplifies industry divisions over the kinds of green technology consumers might embrace. C…
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PSA seeks closer carbon fiber ties with BMW, report says September 27, 2010 06:01 CET FRANKFURT (Reuters) -- PSA/Peugeot-Citroen is considering expanding its cooperation with BMW AG in carbon fiber, a German business newspaper reported. "We are looking for technical solutions which can be put to use both at premium producers and at generalists," Handelsblatt quoted PSA CEO Philippe Varin. Carbon fiber is a composite material which offers the same strength as steel at lighter weight, which is useful in car body structures, but it is still relatively expensive. Varin did not give further details and BMW would not comment, the newspaper said. Handelsblatt went on to ci…
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Fiat shareholders approve demerger plan by Jonathon Ramsey (RSS feed) on Sep 19th 2010 at 12:35PM Sergio Marchionne got his way. This week, shareholders approved his plan to separate Fiat S.p.A. into Fiat Autos and Fiat Industrial. Marchionne believes that the two companies can work better without having to consider each others' divergent strategies. "Fiat Group Automobiles is destined to become, in combination with Chrysler, a leading global producer, reaching the threshold of 6 million cars a year by 2014," he said. Nothing is expected to change at Fiat Auto S.p.A., with Marchionne retaining his CEO status. Fiat Industrial S.p.A., however, will put its own management…
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Fiat unions look at Germany for new contract model September 20, 2010 06:01 CET MELFI, Italy (Reuters) -- Fiat unions want Ihe carmaker to provide job guarantees and give workers a greater say in company policy to win their support of Fiat's efforts to boost productivity in Italy. Fiat CEO Sergio Marchionne has been struggling to introduce more flexible job rules to forge ahead with his 20 billion euro ($26.17 billion) plan to raise Fiat's annual output in Italy to 1.4 million vehicles by 2014 from 650,000 units now. Union leaders at Fiat's leading Italian plant in Melfi in the southern region of Basilicata are looking at Germany as the model for a deal between a carm…
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Lancia confuses us with Diva Collection Ypsilon and Musa by Noah Joseph (RSS feed) on Sep 15th 2010 at 9:28AM Lancia Ypsilon and Musa "Diva Collection" – Click above for high-res image gallery Ever get the feeling that Italian cars – short of top-flight supercars, anyway – are more about style than they are about substance? If you haven't, then have a look at the latest from Lancia. Called the Diva Collection, a series of special touches have been applied to both the Ypsilon and the Musa, two of the smallest cars in Lancia's range... or any other, for that matter. So what's special about the Diva Collection models? Beats us. Fiat's quirky step-sister only released inf…
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Report: Marchionne to ask Fiat stockholders to demerge the company by Jonathon Ramsey (RSS feed) on Sep 14th 2010 at 9:00AM Fiat S.p.A is a conglomerate divided into Fiat Autos and Fiat Industrial, the two combining to own or control well over 20 companies. The auto side includes Alfa Romeo, Ferrari and Maserati, Magnetti Marelli and Fiat Powertrain Technologies. The industrial side controls companies like Iveco and Case New Holland, the latter being the second largest producer of agricultural equipment in the world after Deere & Company. Fiat CEO Sergio Marchionne, citing the divergent customers, strategies, capital needs and potential alliance partners of the tw…
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New Lancia Stratos: First Video! Here's the first video showing off the new Pininfarina-penned Lancia Stratos doing laps on the track. If there's a better way to chase away a case of the Mondays we don't know what it is. (H/t to everyone!) [via Jalopnik.br] link: http://jalopnik.com/5636454/new-lancia-stratos-first-video
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Fiat plans to build new model in Serbia September 13, 2010 12:32 CET BELGRADE (Bloomberg) -- Fiat S.p.A. will expand its Serbian investment over the next two years with plans to produce another vehicle in the Balkan country that should debut at the Geneva auto show in 2012, the Novosti newspaper reported, citing Deputy Prime Minister Mladjan Dinkic. The new vehicle will seat as many as seven passengers and will be produced along with the Punto subcompact already assembled at the plant in Kragujevac in central Serbia, the newspaper said. The expansion will bring Fiat investment to 944 million euros ($1.2 billion) from around 800 million euros previously, Dinkic was qu…
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Marchionne plans to pack Fiat Industrial's board with outside directors Automotive News Europe -- September 10, 2010 14:57 CET MILAN -- Fiat Industrial SpA, the unit that will be spun off from Fiat SpA by the end of the year, will have a board with a majority of members who aren’t Fiat executives, company documents show. Fiat shareholders will meet Sept. 16 to approve CEO Sergio Marchionne’s plan to separate the truckmaking and agricultural units. Fiat Industrial’s board will include individuals who don’t currently serve on the board of directors of Fiat or its controlling shareholder Exor SpA or hold senior management positions with either company, Fiat said in a docu…
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Marchionne fights to change workers' attitudes to boost Italy production Luca Ciferri Automotive News Europe -- August 26, 2010 15:00 CET Fiat S.p.A. CEO Sergio Marchionne on Thursday defended the automaker's record for being socially responsible by protecting jobs in its home market and warned that a continuation of the us-vs.-them attitude shown by one of Italy's five metalworkers unions toward Fiat would hurt the country's ability to remain competitive. “If Italy does not manage to abandon this way of thinking, we will never solve anything,” Marchionne said at a conference in Rimini, northeast Italy. The comments come as Marchionne tries to keep a fight between…
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Fiat's Marchionne says ties with U.S. dealers 'never been better' Alfa Romeo is not for sale, CEO says August 26, 2010 - 8:16 am ET UPDATED: 8/26/10 12:18 p.m. ET RIMINI, Italy (Bloomberg) -- Fiat SpA CEO Sergio Marchionne said today the Italian carmaker's relations with U.S. dealerships “have never been better” and applications to sell Fiats in the U.S. have exceeded the company's target. Marchionne, speaking to Bloomberg Television in an interview here, also said that it was too early to know how the third quarter is shaping up for Chrysler Group LLC. Fiat took over management control and a 20 percent ownership stake in Chrysler last year following the automaker's …
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Fiat, Alfa Romeo Rollout Gives Some Chrysler Dealers Agita By Richard Read Reporter August 24th, 2010 Fiat 500 AbarthEnlarge PhotoThe Italian automaker must first get the nod to take over Opel, Next Monday, August 30, Chrysler will bring 600 dealers to the Detroit Institute of Arts, where CEO Sergio Marchionne will share his vision for the U.S. rollout of the Fiat brand, and subsequently, Alfa Romeo. He will have a lot of 'splainin' to do. According to a report in the Wall Street Journal, many dealers are nervous about the addition of Fiat to Chrysler's American family. First, it seems counterintuitive for the automaker to add a fifth brand when rivals GM and For…
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