-
Recent Posts
- GAC Honda Automobile Plant Starts Making EVs
- Hyundai to Give Free NACS DC EV Adapters
- Nissan and Honda Sign Integration MOU!
- 2025 Corvette ZR1 – 2.3 Seconds 0-60 MPH
- EU Car Sales Weak Again in November
- Supply Chain Resilience – U.S. DOT Four-Year Review
- CarMax FY Q3 Net Profit Up 1.2%
- Toyota to Get $4.5M in Fed Funding for EV Batteries
- California Advanced Clean Cars II Regs – EPA Grants Waivers!
- Clean Air Act – Power Performance Enterprises Fined
- Milestones – Sculptor Charles Sykes – Spirit of Ecstasy Creator
- US Auto Sales Forecast Trump Bump or Bumpy 25?
- Toyota Slashes 2025 Electric Vehicle Prices $6000
- Kenworth, Peterbuilt ABS Software Recall
- November Global Light Vehicle Sales Rate 93 Million
Recent Comments
- US Auto Sales Forecast Trump Bump or Bumpy 25? | AutoInformed on Trump Presidency Effects on Auto Industry – All Bad?
- Lisa Jacobson on Fossil Fuel Phase Out or Cop Out at COP28?
- Stellantis on Carlos Tavares Out as Stellantis CEO
- NHTSA Fines Ford $165M for Flouting Recall Law | AutoInformed on Ford Recalls Defective Rear-view Cameras on 620,246 Vehicles
- Alfa Romeo Returns to Formula 1 in 2018 via Sauber on Alfa Romeo Returns to Formula 1 in 2018 via Sauber
Archives
Meta
Tag Archives: marchionne
Can Chrysler Save Fiat as 2013 Profits approach $2 Billion?
Bottom line is the UAW is out of its Chrysler investment. Fiat is all in with uncertain prospects going forward. Continue reading
Posted in auto news
Tagged autoinformed, autoinformed.com, fca, fiat chrysler automobiles, Ken Zino, marchionne
5 Comments
Marchionne Apologizes for Being Irreverent
Fiat CEO Sergio Marchionne has apologized to an organization called One Voice for his quip last January at the North American International Auto Show where he said Alfa Romeo models when re-introduced into North America should have Italian engines. Journalists present laughed it off as being typical of the straight talking executive who uses humor, including self-deprecating humor to make his points. Continue reading
Posted in auto news, AutoInformed Editorial, people
Tagged autoinformed, autoinformed.com, dago, fiat Chrysler, Ken Zino, marchionne, one voice
1 Comment
Milestones: One Million Fiat 500 Cars. EV Comes to California in 2013
The one-millionth Fiat 500 left the Fiat Auto Poland production line. Since its reappearance in 2007, the tiny Cinquecento or 500 has been sold in more than 100 countries – from Italy to Brazil, South Africa to Japan, and the United States to the Middle East – while also being produced in Toluca, Mexico, since 2011 as a requirement for taxpayer funding for fuel efficient cars that was part of the conditions for Chrysler’s bankruptcy bailout. More than 70,000 have now been sold in the U.S. The 500 in its most fuel-efficient manual transmission version is rated at 31 mpg city and 40 mpg highway by the EPA. Continue reading
Posted in auto news, electric vehicles, milestones, new vehicle
Tagged 500e, auto informed, autoinformed.com, automotive news, fiat 500, Ken Zino, marchionne
Leave a comment
Canadian Auto Workers Have Tentative Deal at GM. Fiat Holds Out
Chrysler negotiators might be holding out to see if the CAW can get the controversial contracts ratified. A step in that direction occurred today as CAW in-plant leadership at Ford unanimously endorsed the new, four-year collective bargaining deal that extends U.S. style two tier wages. The union will be holding a series of ratification meetings over the weekend, where members at Ford will vote on the tentative deal. Continue reading
EU Car Sales Down 8.7% in May. Eight Straight Months of Drops
New passenger car sales in the EU declined 8.7% in May to 1,106,845. It was the eighth consecutive month of sales declines, according to ACEA, the automakers association. Five months into the year, new registrations amounted to 5,442,326 units or 7.7% less than in the same period last year as the EU is headed for its fifth straight year of car sales declines with unemployment at depression levels. Continue reading
Posted in auto news, economy, results, sales
Tagged acea, auto informed, autoinformed.com, automotive news, eu sales, Ken Zino, marchionne, may sales, results
Leave a comment
Chrysler Execs to Move into Detroit for the First Time
Chrysler is leasing nearly 33,000 square feet of space and, after the space is refurbished, about 70 people will move in. It’s largely a symbolic gesture now, but it’s important for the city of Detroit and the comeback car company that many had left for dead. Continue reading
Posted in auto news, economy, manufacturing, marketing
Tagged auto informed, autoinformed.com, automotive news, chrysler, chrysler house, grand cherokee, jefferson north, Ken Zino, marchionne, maserati, viper
Leave a comment
Chrysler Group Q1 Profit $740 million on 33% Sales Increase
“I have really no bad news to tell you,” said Sergio Marchionne, Chairman and Chief Executive Officer of Chrysler Group. “We continue to focus on new product launches, and 2012 is the weakest year for new products. The big one is 2013.” Continue reading
Posted in auto news, financial results, results
Tagged auto bailouts, auto informed, autoinformed.com, automotive news, chrysler, Ken Zino, marchionne, q1 results
Leave a comment
EU Automakers Protest Globalization as Trade Policy
Call it pragmatism or pure hypocrisy, but the Association of European Automakers – ACEA – is protesting trade negotiations to open markets. This is the so-called globalization that many – if not all- of its parent automaker companies previously used to break or weaken unions as they moved jobs away from their older, established manufacturing sites. Now, the effect of globalization is coming home to an impoverished European roost as the EU opens up formerly protected markets to developing countries, some of which produce automobiles. Management and remaining workers are in danger of losing their jobs this time. Continue reading
Posted in auto news, economy, labor issues, news, news analysis, people, transportation
Tagged acea, auto informed, autoinformed.com, automotive news, eu trade policy, free trade agreements, Ken Zino, marchionne, trade wars
1 Comment
European Auto Sales down in 2011 for Fourth Straight Year
For the year American automakers General Motors finished fourth with a flat 8.7% share. Fifth place Ford Motor (8%, a slight decline) made no sales progress either, even though both companies have introduced a series of new models. Sixth place Fiat – the owner of Chrysler courtesy of American taxpayers – continues to struggle along with Italy, off almost a full percentage point in share to 7.1%. One bright spot – Jeep sales are up 63% from an admittedly small base to more than 22,000 units. Continue reading
Posted in auto news, marketing, news, news analysis, results, sales
Tagged 2011 results, acea, auto informed, autoinformed.com, automotive news, eu, european auto sales, eurozone sales, hyundai, Ken Zino, Korean fta, marchionne, results eu results
Leave a comment
Tidbits – Leaf, Marchionne, Volt, Politics, Rust, Electronics
Nissan has re-opened “reservations” for the 2012 Nissan Leaf electric vehicle in Delaware, Indiana, Louisiana, Nevada, Ohio, Pennsylvania, and Rhode Island. Deliveries will begin next spring. Nissan LEAF is now available for order in 30 states, including Washington, D.C. National … Continue reading
Chrysler Group Reports Q3 Net Income of $212 Million
Chrysler results stand in contrast to Ford Motor, which yesterday reported third quarter 2011 net income of $1.6 billion, or 41 cents per share, a decrease of $38 million, or 2 cents per share, versus third quarter 2010 on revenue of $33.1 billion, an increase of $4.1 billion from Q3 2010. Ford Q3 2011 pre-tax operating profit was $1.9 billion, or 46 cents per share, with an operating margin of 4.8%. Chrysler remains the smallest and weakest of the Detroit Three with limited international operations. Still, Chrysler is clearly on the mend. Continue reading
Revised Fiat Management Structure Subsumes Chrysler. Fiat Executives Dominate Newly Formed Group Executive Council
Both the management of Fiat Automobiles and Chrysler will be merged on September 1 under a plan that creates a Group Executive Council dominated by Fiat executives. Continue reading
Chrysler Pays Back Taxpayers. Fiat Now Firmly in Control
The historic bailout differs this time around in what’s left and more importantly who owns it – along with the familiar, nagging question, can Chrysler make it? The new Chrysler Group is now firmly, irrevocably in the hands of Fiat, an Italian multinational firm, which has a global fight in front if it as it too competes to survive in an automobile business dominated by much stronger competitors. Continue reading
Posted in auto news, economy, news analysis, results, transportation
Tagged auto bailouts, auto bankruptcies, auto informed, auto news, autoinformed, autoinformed.com, automotive news, car czar, chrysler, Chrysler bankruptcy, geithner, general motors, iacocca, Ken Zino, marchionne, obama, overhaul, steven rattner
Leave a comment
European Car Sales Decline in January
For U.S. taxpayers with substantial stakes in Fiat-controlled Chrysler and GM there were uneven results. Chrysler sold a mere 2,353 vehicles in January, down 24%. However, CEO Sergio Marchionne maintains that Lancia can help Chrysler sales by distributing its cars, and Jeep has substantial room for growth.
The Opel/Vauxhall subsidiary of GM posted a rise of 6% to 72,553 vehicles helped by growth in Germany. Opel, with more than 40,000 employees in Europe, lost the owners of GM, including U.S. and Canadian taxpayers more than $1.1 billion in the first three quarters of 2010, with the final results not in yet. Continue reading
Posted in auto news
Tagged acea, auto informed, auto news, autoinformed, autoinformed.com, automotive news, ec sales, europe auto sales, european sales, fiat Chrysler, gm opel, jeep, Ken Zino, lancia, marchionne, results, zino
Leave a comment
Trade Wars: FCA to Expand Production Capacity in Michigan
Given his vast international experience, Manley appears ideal to negotiate the choppy waters of ongoing and yet unknown trade wars and protect FCA’s investment of nearly $14.5 billion since 2009, with ~30,000 jobs created to date. All automakers are against Trump trade policy by twitter. Continue reading →