-
GM Sues Fiat Chrysler, Alleges Racketeering And Corruption In UAW Negotiations
Wednesday, November 20, 2019 - 2:43pm | 533General Motors Company (NYSE: GM) is suing rival Fiat Chrysler Automobiles NV (NYSE: FCAU), alleging Fiat executives bribed union officials to gain an advantage over GM in how its contracts were structured. The alleged corruption has also been the focus of a federal criminal probe into Fiat...
-
Fiat Chrysler To Revive Old Assembly Plant In Detroit
Friday, December 7, 2018 - 9:53am | 423While the rest of the U.S. auto industry continues consolidating plants, closing factories and shifting production abroad, the emboldened Fiat Chrysler Automobiles NV (NYSE: FCAU) is pursuing an alternative route. What Happened FCA plans to open the Big Three’s first new domestic assembly...
-
Sergio Marchionne Dies At 66: How The CEO Rescued Fiat, Chrysler
Wednesday, July 25, 2018 - 12:57pm | 1201In 2009, in the midst of the global financial crisis, after Daimler washed its hands of the bankrupt Chrysler and pulled out of the DaimlerChrysler joint venture — and as Cerberus was desperately trying to peddle its struggling asset — Fiat’s fearless leader stepped...
-
Google Prematurely Calls Time Of Death For Orrin Hatch, Sergio Marchionne
Tuesday, July 24, 2018 - 9:35am | 606Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) is the first place many people go to find the answer to a question. But the search engine isn’t infallible. After all, as Sen. Orrin Hatch pointed out, he’s still kickin.' Hatch’s office submitted ample proof of life Monday...
-
Manley Takes The Wheel At Fiat Chrysler Sooner Than Expected As Marchionne Exits On Failing Health
Monday, July 23, 2018 - 8:19am | 458Fiat Chrysler Automobiles NV (NYSE: FCAU) announced Saturday that outbound CEO Sergio Marchionne, who had been phasing out of his 14-year leadership, wouldn't return to his role after suffering complications from surgery. The board appointed Mike Manley, the former head of Jeep and Ram who had...
-
Fiat Chrysler CEO Sergio Marchionne Talks Succession Plan, NAFTA, EVs
Monday, January 15, 2018 - 6:01pm | 1298There were no buzzwords during Fiat Chrysler Automobiles NV (NYSE: FCAU) CEO Sergio Marchionne’s segment of the North American International Auto Show. Marchionne refuses to pump FCA’s stock on predictions of electrification and autonomy, and he doesn’t hedge about FCA...
-
Sergio Marchionne Thinks Electric Cars May Not Be A Solution For Pollution
Monday, October 9, 2017 - 2:44pm | 134Sergio Marchionne, the CEO of Ferrari NV (NYSE: RACE), spoke with CNBC's Bob Pisani about electric vehicles. He thinks that the auto industry should not move so fast toward electric vehicles because they might not contribute so much to the cleaning of the environment. Marchionne believes that it is...
-
The Web Widens: Fiat Chrysler, BMW, Daimler Hitch Rides In Autonomy, Ride-Hailing Race
Thursday, August 17, 2017 - 1:34pm | 527There’s a lot of intermarrying going on in the automotive space. Amid pressure to match pace with accelerating developments in autonomous driving and ride sharing, a few major players either confirmed or were rumored to be exploring partnerships this week. Finally In The Driver’s Seat...
-
Fiat Chrysler And Donald Trump Seem To Be On The Same Page
Tuesday, January 10, 2017 - 3:42pm | 424Talking in the Detroit auto show, Fiat Chrysler Automobiles NV (NYSE: FCAU)’s CEO Sergio Marchionne said that the company might have to close its factories in Mexico if President-elect Donald Trump imposed the import tariffs he promised. Anything produced in Mexico would be “...
-
Ferrari CEO Says Brexit Hasn't Put The Brakes On His Company's Numbers
Wednesday, August 17, 2016 - 10:56am | 366Ferrari NV (NASDAQ: RACE) (BIT: RACE) reported strong Q2 results, with the EPS and shipments ahead of the estimates. Morgan Stanley’s Adam Jonas reiterated an Overweight rating on the company, while raising the price target from $54 to $56. Another Impressive Quarter Jonas mentioned that the...
-
Fiat Chrysler Promises 'Thorough Investigation' Into Death Of Star Trek Actor In Recalled Jeep
Tuesday, June 21, 2016 - 10:44am | 306The "Star Trek" franchise lost one of its own on Sunday after actor Anton Yelchin died in an accident involving his Fiat Chrysler Automobiles NV (NYSE: FCAU) car. Yelchin is best known for playing the role of Pavel Chekov in the 2009 Star Trek reboot film. He reprised his role in the...
-
Chowdhry: Tesla Competitors Are 'Destined To Fail'
Monday, April 18, 2016 - 10:54am | 240Global Equities Research’s Trip Chowdhry believes that competitors of Tesla Motors Inc (NASDAQ: TSLA) are destined to fail. Analyst Trip Chowdhry quoted Sergio Marchionne, CEO of Fiat Chrysler Automobiles NV (NYSE: FCAU), as saying, "If he can show me that it can be done, I will do...
-
Report: Fiat Chrysler To Cut 1,300 Jobs At Michigan Plant
Wednesday, April 6, 2016 - 1:59pm | 157According to a report by Reuters, Fiat Chrysler Automobiles NV (NYSE: FCAU) will lay off around 1,300 workers indefinitely and end one of the two shifts at its Michigan plant, which manufacturers the Chrysler 200 sedan. Reuters noted that sales of the Chrysler 200 vehicle fell 63 percent in the...
-
Would Fiat Build An Apple Car?
Thursday, March 3, 2016 - 12:27pm | 470It's been reported for months now that Apple Inc. (NASDAQ: AAPL) is diving into the automobile arena. Not only does the company have an electric car project code-named "Titan," but the company recently filed for a car-related patent. Add to that, reports have been circulating of ramped up...
-
Fiat Chrysler's CEO Revamp Makes It A 'Merger Target,' Report Says
Tuesday, February 23, 2016 - 11:08am | 154According to a report by USA Today, Fiat Chrysler Automobiles NV (NYSE: FCAU) CEO Sergio Marchionne's re-imaging of the company could not only be the "highlight of his career," but could lead to his company being sold. USA Today noted that Marchionne's actions to date include...