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Fiat Chrysler CEO Sergio Marchionne Says Cost Savings From GM Merger 'Cannot Be Ignored'
Tuesday, September 1, 2015 - 8:40am | 480Fiat Chrysler Automobiles NV (NYSE: FCAU) CEO Sergio Marchionne is reportedly not giving up his efforts to combine his company with General Motors Company (NYSE: GM) to form an automotive giant that would produce an estimated $30 billion in annual revenue. According to a new interview with...
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Fiat Chrysler Reportedly Recruiting Partners To Pressure GM Into Merger
Tuesday, June 9, 2015 - 8:25am | 308Fiat Chrysler Automobiles NV (NYSE: FCAU) is recruiting activist hedge funds to take a stake in General Motors Company (NYSE: GM) and prod GM into a merger, according to a Wall Street Journalreport. Fiat's CEO, Sergio Marchionne, is allegedly behind the strategy, which has been unsuccessful...
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Cramer: 'Buy Everything Related To Autos'
Tuesday, June 2, 2015 - 2:55pm | 427Although the overall economy is improving, no other sector shows such tremendous growth in demand as the automobiles industry. CNBC's Jim Cramer was recently seen discussing why every stock related to autos is a buy right now. He also talked about the turnaround by Fiat Chrysler Automobiles NV (...
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Here's What Elon Musk Said About Fiat Chrysler
Monday, June 1, 2015 - 5:35pm | 374Tesla Motors Inc (NASDAQ: TSLA) recently had talks with Fiat Chrysler Automobiles NV (NYSE: FCAU)'s CEO, Sergio Marchionne and other representatives of the company. Tesla CEO Elon Musk was on CNBC Monday to shed light on the nature of the talks. An Informal Meeting Musk was asked...
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GM Reportedly Rejected A Merger Proposal From Fiat Chrysler In March
Tuesday, May 26, 2015 - 9:06am | 539According to a new report by the New York Times, General Motors Company (NYSE: GM) rejected a merger proposal from Fiat Chrysler Automobiles NV (NYSE: FCAU) CEO Sergio Marchionne back in March. Machionne reportedly emailed GM CEO Mary Barra to suggest the merger, but the proposal apparently...
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What Is The Apple Car 'Intervention' Really About?
Monday, May 11, 2015 - 1:28pm | 764In May 2013, Apple Inc. (NASDAQ: AAPL) CEO Tim Cook famously told AllThingsD about his interest in the wrist. "I think the wrist is interesting," he said. "The wrist is natural." Cook revealed the source of his interest more than 12 months later when Apple unveiled its...
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Is Apple Teaming Up With Fiat For More Than CarPlay?
Monday, May 11, 2015 - 9:06am | 327Fiat Chrysler Automobiles (NYSE: FCAU)'s CEO Sergio Marchionne, speaking in Canada during an event to mark the opening of a new Maserati dealership in a Toronto suburb, said that he recently met with Apple Inc. (NASDAQ: AAPL)'s Chief Executive Officer Tim Cook along with Elon Musk, Chief Executive...
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Fiat Chrysler CEO Repeats Call For Industry Consolidation
Thursday, April 30, 2015 - 3:39pm | 308Fiat Chrysler Automobiles NV (NYSE: FCAU) shares slipped 4 percent a day after the company missed earnings expectations and its chief executive renewed his calls for industry consolidation. Shares of the company changed hands recently at $14.65, off 4.6 percent. Chief Executive Sergio...
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Fiat Chrysler CEO Sergio Marchionne Indicates Company Is On Track
Monday, January 12, 2015 - 12:20pm | 172Fiat Chrysler Automobiles NV (NYSE: FCAU) CEO Sergio Marchionne confirmed Monday that the automaker is not making any changes to its 2014 guidance and that its five-year plan is on course. Bloomberg also reported Monday that the company is continuing to expand the Alfa Romeo brand. “With...
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Fiat Chrysler To Spin-Off Ferrari, Stock Soars
Wednesday, October 29, 2014 - 9:36am | 199Fiat Chrysler Automobiles NV (NYSE: FCAU) announced the spin-off of Ferrari S.p.A. on Wednesday. According to the press release, "the separation will be effected through a public offering of FCA's interest in Ferrari equal to 10 percent of Ferrari's outstanding shares and a...
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Chrysler Raises $5 Billion To Pay Off Debt
Monday, February 10, 2014 - 4:26pm | 1008Fiat Chrysler Automobiles group announced today its Chrysler unit will pay $5 billion to a United Auto Workers healthcare trust, completing debt repayments from its bankruptcy in full almost a decade earlier than anticipated, the company said in a statement, according to Reuters. Chrysler...
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Following Chrysler Merger, Fiat Looks Globally
Monday, January 6, 2014 - 12:02pm | 623What's next for Chrysler? The markets loved last week's news, that Fiat (OTC: FIATY) was acquiring the the remaining 41.5 percent of Chrysler still owned by the UAW Retiree Medical Benefits Trust. That transaction, according to Fiat, is expected to close on or before January 20. The smallest...
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Chrysler Won't Proceed with IPO in 2013
Monday, November 25, 2013 - 2:15pm | 169The majority owner of Chrysler Group, Fiat SpA, announced that the American automaker will not proceed with an initial public offering this year. Chrysler's Board of Directors noted that a share sale in 2013 is no longer feasible after speaking with underwriters. Fiat commented, "No assurance can...
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Fiat CEO Sergio Marchionne Denies Discouraging Investors From Upcoming Chrysler IPO
Friday, October 11, 2013 - 2:57pm | 612Here's something you don't see everyday: reports of a company chief executive waving investors away from his firm's impending IPO. But that's the scenario apparently unfolding around Sergio Marchionne, the man in charge of both Fiat (OTC: FIATY) and Chrysler. Last week, at an investor...
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Marchionne Looks to Acquire Full Chrysler Ownership
Tuesday, May 28, 2013 - 11:31am | 239Sergio Marchionne, who serves as CEO of both Fiat (OTC: FIATY) and Chrysler, is looking buy six percent of the American car company from the US Treasury, leading to majority control, according to The Wall Street Journal. The Wall Street Journal also reported that the firm hopes to buy a stake...