Jump to content
Sign in to follow this  
William Maley

Fiat News: Sergio Marchionne Asks You To Pass On The Fiat 500e

Recommended Posts

When was the last time you ever heard the CEO of a major automaker say don't buy our car? Never? Well Fiat Chrysler Automobiles' CEO Sergio Marchionne may be the first one.

Reuters reports that Marchionne told an audience at the Brookings Institution in Washington D.C. last week that anyone considering the Fiat 500e should not buy it.

"I hope you don't buy it because every time I sell one it costs me $14,000. I'm honest enough to tell you that," said Marchionne. "I will sell the (minimum) of what I need to sell and not one more."

So why did FCA build the 500e in the first place then? It comes down to the California Air Resources Board mandate which requires the six automakers selling the most cars in the state to sell vehicles with no tailpipe emissions at all from 2012 through 2017. Vehicles such as the 500e are known as compliance vehicles.

Source: Reuters

William Maley is a staff writer for Cheers & Gears. He can be reached at william.maley@cheersandgears.com or you can follow him on twitter at @realmudmonster.


View full article

Share this post


Link to post
Share on other sites

If anyone still does not believe that California is full of Looney Toons, I feel sorry for them. This is a MONUMENTAL waste of automakers' resources. RIDICULOUS and ASININE. :rolleyes:

Share this post


Link to post
Share on other sites

I'm surprised he didn't say anyone considering buying a FIAT shouldn't buy one...

Share this post


Link to post
Share on other sites

I'm surprised he didn't say anyone considering buying a FIAT/Chrysler group product shouldn't buy one...

FTFY!

Share this post


Link to post
Share on other sites

Funny for the repost of this, guess I should have posted my original on this in the Fiat news rather than the Italians.

http://www.cheersandgears.com/topic/83314-sergio-marchionne-says-do-not-buy-500e-we-loose-money/#entry745715

My question still stands, if Electric is so much better, then why do we not see more and better options for pure electric and yet CNG is growing with a ton of choices?

Second question is the debate over the green house gas production and the toxic waste from the battery creation. Is it better to produce these battery packs with their toxic waste from production and large initial green house gas output or burn some alternative fuel?

Share this post


Link to post
Share on other sites

It's not the California government's fault that FIAT wasn't capable of building a cost-effective electric car. This is entirely FIAT's problem and Sergio is too embarrassed to admit it. They're the ones who made a $33K subcompact.

Tesla and Nissan are making money on their electric cars. FIAT is just bad at business.

  • Upvote 5
  • Downvote 1

Share this post


Link to post
Share on other sites

It's not the California government's fault that FIAT wasn't capable of building a cost-effective electric car. This is entirely FIAT's problem and Sergio is too embarrassed to admit it. They're the ones who made a $33K subcompact.

Tesla and Nissan are making money on their electric cars. FIAT is just bad at business.

Totally agree with this, it is only a matter of time before the union controlled FIAT will die. They are terrible quality controlled products forced on the world to just accept and deal with it.

Share this post


Link to post
Share on other sites

It's not the California government's fault that FIAT wasn't capable of building a cost-effective electric car. This is entirely FIAT's problem and Sergio is too embarrassed to admit it. They're the ones who made a $33K subcompact.

Tesla and Nissan are making money on their electric cars. FIAT is just bad at business.

Totally agree with this, it is only a matter of time before the union controlled FIAT will die. They are terrible quality controlled products forced on the world to just accept and deal with it.

One has to wonder what sane person wants a car the size of a golf cart with the crash worthy ness of a brown paper bag.

Share this post


Link to post
Share on other sites

It's not the California government's fault that FIAT wasn't capable of building a cost-effective electric car. This is entirely FIAT's problem and Sergio is too embarrassed to admit it. They're the ones who made a $33K subcompact.

Tesla and Nissan are making money on their electric cars. FIAT is just bad at business.

Totally agree with this, it is only a matter of time before the union controlled FIAT will die. They are terrible quality controlled products forced on the world to just accept and deal with it.

One has to wonder what sane person wants a car the size of a golf cart with the crash worthy ness of a brown paper bag.

No one that values quality of life of loved ones, friends and family would risk people in these subcompacts. For all the Green tree huggers that talk about saving the world, what is the price you put on the life of a loved one or what I would call quality of life in living if you have to be in a wheel chair or rely on others to do things for you.

Share this post


Link to post
Share on other sites

I am sure an all-electric Durango would just be such a smashing success. :rolleyes:

Share this post


Link to post
Share on other sites

Given their product development, Fiat/Chrysler should consider making pot holders or gardening tools rather than automobiles. A Durango is pretty much a disaster, electric or gas powered.

Share this post


Link to post
Share on other sites

Given their product development, Fiat/Chrysler should consider making pot holders or gardening tools rather than automobiles. A Durango is pretty much a disaster, electric or gas powered.

Alright, I can obviously sense you are a FCA hater from your many, many posts but you are just plain wrong on the Durango. Wrong, wrong, wrong. It is consistently rated very well by all the car mags, FCA is selling quite a few of them and everybody I know that has one LOVES it. That includes my sister-in-law (pre-refresh 2013) and my parents (post refresh 2014). Perhaps you haven't been in one made since 2011? I personally wouldn't touch one made before that but 2011+ models are very nice.

There are a number of FCA products you could rightfully refer to as a disaster but the current Durango is not one of them.

Share this post


Link to post
Share on other sites
Given their product development, Fiat/Chrysler should consider making pot holders or gardening tools rather than automobiles. A Durango is pretty much a disaster, electric or gas powered.

Not a FCA fan here ......we should have saved Pontiac and Saturn

Durango might be an ok drive but it sure is dull inside and out

I think I'd trust vw before Chrysler

Share this post


Link to post
Share on other sites

Given their product development, Fiat/Chrysler should consider making pot holders or gardening tools rather than automobiles. A Durango is pretty much a disaster, electric or gas powered.

Not a FCA fan here ......we should have saved Pontiac and Saturn

Durango might be an ok drive but it sure is dull inside and out

I think I'd trust vw before Chrysler

Pretty much this.

Given their product development, Fiat/Chrysler should consider making pot holders or gardening tools rather than automobiles. A Durango is pretty much a disaster, electric or gas powered.

Alright, I can obviously sense you are a FCA hater from your many, many posts but you are just plain wrong on the Durango. Wrong, wrong, wrong. It is consistently rated very well by all the car mags, FCA is selling quite a few of them and everybody I know that has one LOVES it. That includes my sister-in-law (pre-refresh 2013) and my parents (post refresh 2014). Perhaps you haven't been in one made since 2011? I personally wouldn't touch one made before that but 2011+ models are very nice.

There are a number of FCA products you could rightfully refer to as a disaster but the current Durango is not one of them.

In all fairness to Chryselr, no I have not been in one post 2011. Maybe I will check one out.

Edited by A Horse With No Name

Share this post


Link to post
Share on other sites

Given their product development, Fiat/Chrysler should consider making pot holders or gardening tools rather than automobiles. A Durango is pretty much a disaster, electric or gas powered.

WRONG - Do not pass go, Do not collect $200. The Durango had problems as a full size for the second generation but the first and the 3rd or current Durango are a success and this was way before Fiat really got involved. After this generation then you can blame Fiat if the Durango go south. But right now the current Durango and if they built a Hybrid like the Volt on the Durango would be a success.

Share this post


Link to post
Share on other sites
Not a FCA fan here ......we should have saved Pontiac and Saturn

Durango might be an ok drive but it sure is dull inside and out

I think I'd trust vw before Chrysler

Well, I owned a 2007 Saturn Aura and a 2008 Saturn Vue when GM announced they were folding the brand and I have always been a big Pontiac fan so I wasn't thrilled when they were both killed. I guess I could also throw in that I have had three 2005+ Saab's, including a 2007 9-5 when they sold Saab. Apparently my interest in a GM brand helps kill it. lol Let's hope my Cruze purchase doesn't lead to the death of Chevrolet.

All kidding aside, though, I think it was right to kill those two brands as opposed to all of Chrysler. Chrysler going under would have put a lot more people out of work than two brands dying plus I am a firm believer having fewer brands will make GM stronger. Much like you (and many other people) I was surprised they picked Buick over Pontiac but all I can say about that is... China.

Do you really think the Durango is dull inside and out? To each their own, I guess. I personally feel it is one of the better looking SUV's on the market right now. The interior isn't as nice as the GC's but it's still pretty nice. Out of curiosity, what do you like better for the price?

In all fairness to Chryselr, no I have not been in one post 2011. Maybe I will check one out.

As dfelt stated the current generation GC and Durango were actually started under Cerberus. They both are huge improvements over their predecessors IMO and the MY14 refresh enhanced them both even more. If you are bored one day, you may want to swing by your local dealership and check a Durango out. You may still hate it but I wouldn't be surprised if you wound up liking it. Either way, it is always fun to stop at the dealership and check new cars out! :)

Share this post


Link to post
Share on other sites

Let me clarify hate...I used to work with a guy named Tony who was a huge Cowboys fan, he just loved Dallas. We worked together for several years and I gave him crap about the Cowboys every single day...but also loved him like a brother.

I do not mean to offend. Perhaps a better way of putting things would just be to say that I am frustrated by some Chrysler products that don't quite seem to get it all the way right. Followed a sweetly detailed 300C home tonight, thought of this thread.

I will work on having a more open mind and being less negative. There are plenty of negative people on other forums...I will stop being an ass here.

...and I will have to check out that Durango!

Share this post


Link to post
Share on other sites

Let me clarify hate...I used to work with a guy named Tony who was a huge Cowboys fan, he just loved Dallas. We worked together for several years and I gave him crap about the Cowboys every single day...but also loved him like a brother.

I do not mean to offend. Perhaps a better way of putting things would just be to say that I am frustrated by some Chrysler products that don't quite seem to get it all the way right. Followed a sweetly detailed 300C home tonight, thought of this thread.

I will work on having a more open mind and being less negative. There are plenty of negative people on other forums...I will stop being an ass here.

...and I will have to check out that Durango!

I don't get offended by your comments and I don't think you were being an ass! :) You are entitled to your opinions even if folks don't agree with them. Like I said, there are still a number of FCA products that deserve to be picked on. I just think you picked on the wrong one! :D I really do think you will like the latest generation(or at least have a much more positive impression) if you check one out.

IMO pretty much every automaker makes at least one product that deserves a little bashing.

  • Upvote 2

Share this post


Link to post
Share on other sites

Given their product development, Fiat/Chrysler should consider making pot holders or gardening tools rather than automobiles. A Durango is pretty much a disaster, electric or gas powered.

The latest Durango is great. I just took one on a 450 mile trip and averaged 28.6 mpg from the V6/8-speed/RWD

  • Upvote 2

Share this post


Link to post
Share on other sites

Given their product development, Fiat/Chrysler should consider making pot holders or gardening tools rather than automobiles. A Durango is pretty much a disaster, electric or gas powered.

The latest Durango is great. I just took one on a 450 mile trip and averaged 28.6 mpg from the V6/8-speed/RWD

Wow.

Share this post


Link to post
Share on other sites

Let me clarify hate...I used to work with a guy named Tony who was a huge Cowboys fan, he just loved Dallas. We worked together for several years and I gave him crap about the Cowboys every single day...but also loved him like a brother.

I do not mean to offend. Perhaps a better way of putting things would just be to say that I am frustrated by some Chrysler products that don't quite seem to get it all the way right. Followed a sweetly detailed 300C home tonight, thought of this thread.

I will work on having a more open mind and being less negative. There are plenty of negative people on other forums...I will stop being an ass here.

...and I will have to check out that Durango!

I don't get offended by your comments and I don't think you were being an ass! :) You are entitled to your opinions even if folks don't agree with them. Like I said, there are still a number of FCA products that deserve to be picked on. I just think you picked on the wrong one! :D I really do think you will like the latest generation(or at least have a much more positive impression) if you check one out.

IMO pretty much every automaker makes at least one product that deserves a little bashing.

Totally agree with this, I also do not think you or anyone is being an ass, just the wrong product chosen. All Auto Companies have bad products, the Durango right now is a pretty sharp solid SUV./CUV

Given their product development, Fiat/Chrysler should consider making pot holders or gardening tools rather than automobiles. A Durango is pretty much a disaster, electric or gas powered.

The latest Durango is great. I just took one on a 450 mile trip and averaged 28.6 mpg from the V6/8-speed/RWD

Very cool to hear about the awesome Mileage.

Also Cool Avatar Pic! :D

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  



  • Similar Content

    • By William Maley
      Scott Keogh, Audi of America's president will soon have a new job come November 1st. He will become CEO of Volkswagen Group's North American operations, taking over Hinrich Woebcken who held the position since April 2016. This is a big deal since Keogh will be the first American to hold the top position for Volkswagen's North America branch in 25 years.
      Keogh has an impressive track record at Audi when he joined in 2006 as their chief marking officer. He would play a key role in boosting the awareness of the brand. In 2012, he was named president and would preside over one of the longest sales streaks that continues to this day.
      His new assignment is going to be tough. As Automotive News points out, Volkswagen dealers have the " lowest profit margins of any brand in the U.S." A number of Volkswagen dealers also struggle with customer service. Keogh has worked on both at Audi, helping dealers improve profits and boosting customer satisfaction - vaulting itself into the top three. 
      “Hinrich J. Woebcken has brought the Volkswagen brand back on track for success in the U.S. and the North American region. Considering the challenging conditions, these achievements deserve my dedicated recognition. After the successful comeback of the Volkswagen brand, Scott Keogh, who led Audi to excellence in the U.S., will build upon the momentum and implement the next stage in the growth strategy as we continue to develop Volkswagen into a more relevant player in North America,“ said Dr. Herbert Diess, CEO of Volkswagen AG in a statement.
      Woebcken will be sticking around Volkswagen as an adviser. Keogh's replacement at Audi will be Mark Del Rosso, currently the head of Bentley's Aamerican division.
      Source: Volkswagen, Automotive News (Subscription Required)


      SCOTT KEOGH NAMED HEAD OF VOLKSWAGEN GROUP OF AMERICA
      Hinrich J. Woebcken remains available to the company as an adviser Mark Del Rosso, head of Bentley Motors Inc., Americas, named president of Audi of America HERNDON, Va. (October 10, 2018) – Scott Keogh, head of Audi of America, was named president and CEO of Volkswagen Group of America as well as head of the Volkswagen brand for the North American region.
      Keogh, who joined Audi in 2006, will succeed Hinrich J. Woebcken, who led the successful transformation of Volkswagen in North America. Woebcken will remain with the company as an adviser. Keogh’s successor is Mark Del Rosso, president and CEO of Bentley Motors, Inc., Americas, and former chief operating officer of Audi of America. Keogh and Woebcken's new roles are effective Nov. 1. Del Rosso joins Audi Dec. 1. A replacement for Del Rosso will be named later.
      Keogh, 49, joined Audi as chief marketing officer, where he led the revival of the Audi brand with innovative marketing tactics that lead to record awareness and brand strength. In 2012, he was appointed president, building on the momentum to help reach record customer satisfaction levels and double sales from 2010 to 2015.
      Woebcken, 58, an industrial engineer by training, was named CEO of the newly created North America region of the Volkswagen brand in January 2016 and then president and CEO of Volkswagen Group of America. He began his career with Krauss-Maffei in 1985. After holding positions in sales and marketing, he became managing director responsible for sales, marketing and after-sales with Dürr AG in 1997, before joining BMW as head of technical purchasing in 2004. Before joining VW, he was BMW's senior vice president, driving dynamics, and a member of the board of management at Knorr-Bremse AG. He will continue to be available to the company in the North American region as senior executive strategy adviser.
      “Hinrich J. Woebcken has brought the Volkswagen brand back on track for success in the U.S. and the North American region. Considering the challenging conditions, these achievements deserve my dedicated recognition," said Dr. Herbert Diess, CEO of Volkswagen AG. "After the successful comeback of the Volkswagen brand, Scott Keogh, who led Audi to excellence in the U.S., will build upon the momentum and implement the next stage in the growth strategy as we continue to develop Volkswagen into a more relevant player in North America.“
      Del Rosso, 54, is a graduate of the University of Southern California and an experienced marketing and sales executive with extensive expertise in the premium sector. He started his career with Toyota Motor Sales in 1991, holding various senior corporate and regional positions throughout the U.S. for Lexus and Toyota. In 2008, he became executive vice president, COO of Audi of America and was appointed president and CEO of Bentley Motors, Inc., Americas in 2017.

      View full article
    • By William Maley
      Scott Keogh, Audi of America's president will soon have a new job come November 1st. He will become CEO of Volkswagen Group's North American operations, taking over Hinrich Woebcken who held the position since April 2016. This is a big deal since Keogh will be the first American to hold the top position for Volkswagen's North America branch in 25 years.
      Keogh has an impressive track record at Audi when he joined in 2006 as their chief marking officer. He would play a key role in boosting the awareness of the brand. In 2012, he was named president and would preside over one of the longest sales streaks that continues to this day.
      His new assignment is going to be tough. As Automotive News points out, Volkswagen dealers have the " lowest profit margins of any brand in the U.S." A number of Volkswagen dealers also struggle with customer service. Keogh has worked on both at Audi, helping dealers improve profits and boosting customer satisfaction - vaulting itself into the top three. 
      “Hinrich J. Woebcken has brought the Volkswagen brand back on track for success in the U.S. and the North American region. Considering the challenging conditions, these achievements deserve my dedicated recognition. After the successful comeback of the Volkswagen brand, Scott Keogh, who led Audi to excellence in the U.S., will build upon the momentum and implement the next stage in the growth strategy as we continue to develop Volkswagen into a more relevant player in North America,“ said Dr. Herbert Diess, CEO of Volkswagen AG in a statement.
      Woebcken will be sticking around Volkswagen as an adviser. Keogh's replacement at Audi will be Mark Del Rosso, currently the head of Bentley's Aamerican division.
      Source: Volkswagen, Automotive News (Subscription Required)


      SCOTT KEOGH NAMED HEAD OF VOLKSWAGEN GROUP OF AMERICA
      Hinrich J. Woebcken remains available to the company as an adviser Mark Del Rosso, head of Bentley Motors Inc., Americas, named president of Audi of America HERNDON, Va. (October 10, 2018) – Scott Keogh, head of Audi of America, was named president and CEO of Volkswagen Group of America as well as head of the Volkswagen brand for the North American region.
      Keogh, who joined Audi in 2006, will succeed Hinrich J. Woebcken, who led the successful transformation of Volkswagen in North America. Woebcken will remain with the company as an adviser. Keogh’s successor is Mark Del Rosso, president and CEO of Bentley Motors, Inc., Americas, and former chief operating officer of Audi of America. Keogh and Woebcken's new roles are effective Nov. 1. Del Rosso joins Audi Dec. 1. A replacement for Del Rosso will be named later.
      Keogh, 49, joined Audi as chief marketing officer, where he led the revival of the Audi brand with innovative marketing tactics that lead to record awareness and brand strength. In 2012, he was appointed president, building on the momentum to help reach record customer satisfaction levels and double sales from 2010 to 2015.
      Woebcken, 58, an industrial engineer by training, was named CEO of the newly created North America region of the Volkswagen brand in January 2016 and then president and CEO of Volkswagen Group of America. He began his career with Krauss-Maffei in 1985. After holding positions in sales and marketing, he became managing director responsible for sales, marketing and after-sales with Dürr AG in 1997, before joining BMW as head of technical purchasing in 2004. Before joining VW, he was BMW's senior vice president, driving dynamics, and a member of the board of management at Knorr-Bremse AG. He will continue to be available to the company in the North American region as senior executive strategy adviser.
      “Hinrich J. Woebcken has brought the Volkswagen brand back on track for success in the U.S. and the North American region. Considering the challenging conditions, these achievements deserve my dedicated recognition," said Dr. Herbert Diess, CEO of Volkswagen AG. "After the successful comeback of the Volkswagen brand, Scott Keogh, who led Audi to excellence in the U.S., will build upon the momentum and implement the next stage in the growth strategy as we continue to develop Volkswagen into a more relevant player in North America.“
      Del Rosso, 54, is a graduate of the University of Southern California and an experienced marketing and sales executive with extensive expertise in the premium sector. He started his career with Toyota Motor Sales in 1991, holding various senior corporate and regional positions throughout the U.S. for Lexus and Toyota. In 2008, he became executive vice president, COO of Audi of America and was appointed president and CEO of Bentley Motors, Inc., Americas in 2017.
    • By William Maley
      Late Thursday afternoon saw a massive bombshell dropped; the SEC sued Elon Musk over securities fraud over his August tweet that he was considering taking Tesla private and having the "Funding secured." But a new report from CNBC said there was a possible settlement between the two where Musk would not have to admit guilt. However, Musk pulled the plug on the deal at the last minute.
      According to sources, this is what the proposed deal looked like,
      Tesla and Musk would had to pay a fine Musk would not have to admit guilt or deny culpability Barred Musk as being the chairman for two years Require Tesla to find two new independent directors However, Musk refused this deal "because he felt that by settling he would not be truthful to himself, and he wouldn't have been able to live with the idea that he agreed to accept a settlement and any blemish associated with that, the sources said." 
      This move puts Tesla and Musk in a very difficult spot. The company's stock fell 13.9 percent on Friday - the worst since November 2013. There are also questions as to whether or not Elon Musk will stay on as CEO or if this mess will force him to leave. 
      Choosing to fight the SEC means it could take years for an outcome to be reached according to Toni Sacconaghi, an analyst with Bernstein Research.
      "In the absence of a settlement, the mere possibility that Musk could be removed as CEO (or entirely from Telsa) is likely to cast an overhang on the stock, and make it extremely difficult for the company to raise capital (either private or public)," Sacconaghi said.
      What will be Tesla's defense to the SEC's charge? The Wall Street Journal learned from a source that Musk believed "he had a verbal agreement in place with Saudi Arabia’s sovereign-wealth fund to help finance a plan to take the auto maker private." Musk believes that the SEC isn't "taking into account that Middle Eastern businesses routinely operate using verbal agreements in principle."
      Source: CNBC, Wall Street Journal (Subscription Required)

      View full article
    • By William Maley
      Late Thursday afternoon saw a massive bombshell dropped; the SEC sued Elon Musk over securities fraud over his August tweet that he was considering taking Tesla private and having the "Funding secured." But a new report from CNBC said there was a possible settlement between the two where Musk would not have to admit guilt. However, Musk pulled the plug on the deal at the last minute.
      According to sources, this is what the proposed deal looked like,
      Tesla and Musk would had to pay a fine Musk would not have to admit guilt or deny culpability Barred Musk as being the chairman for two years Require Tesla to find two new independent directors However, Musk refused this deal "because he felt that by settling he would not be truthful to himself, and he wouldn't have been able to live with the idea that he agreed to accept a settlement and any blemish associated with that, the sources said." 
      This move puts Tesla and Musk in a very difficult spot. The company's stock fell 13.9 percent on Friday - the worst since November 2013. There are also questions as to whether or not Elon Musk will stay on as CEO or if this mess will force him to leave. 
      Choosing to fight the SEC means it could take years for an outcome to be reached according to Toni Sacconaghi, an analyst with Bernstein Research.
      "In the absence of a settlement, the mere possibility that Musk could be removed as CEO (or entirely from Telsa) is likely to cast an overhang on the stock, and make it extremely difficult for the company to raise capital (either private or public)," Sacconaghi said.
      What will be Tesla's defense to the SEC's charge? The Wall Street Journal learned from a source that Musk believed "he had a verbal agreement in place with Saudi Arabia’s sovereign-wealth fund to help finance a plan to take the auto maker private." Musk believes that the SEC isn't "taking into account that Middle Eastern businesses routinely operate using verbal agreements in principle."
      Source: CNBC, Wall Street Journal (Subscription Required)
    • By William Maley
      Today, the supervisory board of the Volkswagen Group was planning to make a decision as to the future of Audi CEO Rupert Stadler. Since June, Stadler has been in jail over concerns of evidence tampering with the diesel emission scandal. But a decision could not be reached and the decision has been postponed.
      Sources tell Automotive News that representatives for Stadler and Volkswagen's board were unable to to negotiate a solution that would see Stadler step down as Audi CEO. No reason was given as to why an agreement could not be reached.
      Bram Schot, Audi sales executive has been acting as interim CEO.
      Source: Automotive News (Subscription Required)

      View full article
  • My Clubs

  • Recently Browsing

    No registered users viewing this page.

  • Reader Rides

About us

CheersandGears.com - Founded 2001

We ♥ Cars

Get in touch

Follow us

Recent tweets

facebook

×