Chrysler has filed its annual financial report with the Security and Exchange Commission, and a few important tidbits have thus been revealed. For instance, company CEO Sergio Marchionne was paid exactly zero dollars last year in compensation for the role he played in rescuing Chrysler from the clutches of bankruptcy.
When Fiat pronounced that it was planning to sell 50,000 Fiat 500 models in 2011, we were more than a little skeptical. And now that 2011 is in the rear view mirror, it seems CEO Sergio Marchionne is ready to admit that the sales target was not very realistic.
Chrysler CEO Sergio Marchionne has big plans for the Ram Dakota. Inside Line spoke with Marchionne at the 2012 Detroit Auto Show, and the besweatered executive said there is a good chance the next-generation Dakota will likely ride on a unibody chassis. That would mark a serious
The 2012 Fiat 500 seems to be having trouble gaining sales momentum. Automotive News reports that the Italian hatch is likely to fall well short of its admittedly very ambitious 50,000 unit sales target this year. The model hit the market back in March and has only sold 15,826 units through October. The report also says that of the 150 Fiat dealers in the States, 29 didn't sell a single one last
There will be a new Jeep model to replace the Liberty. It will be built at the Toledo North Assemby Plant, and the plan will include creation of a second shift that will augment the Ohio plant's workforce by 1,100-plus positions. The 2013-model Jeep SUV will be developed with a $1.7 billion investment from parent Chrysler, and that bankrolling includes a $500 million renovation to the plant itse
Chrysler CEO Sergio Marchionne has said that he hopes to end the automaker's two-tier wage structure in the company's next round of labor talks with the United Auto Workers. According to Automotive News, Marchionne said that the current system creates two classes of workers and that it isn't viable in the long term.
Expanding an automotive empire is tricky business. You can either pit one brand within the group against another, or you have to differentiate them significantly. Volkswagen has opted for the former, with numerous competitors from different group brands in the same segments, but the Fiat/Chrysler group over which Noah Joseph
According to Automotive News, the Chrysler Group will kill off one of its bread-and-butter minivans – the Dodge Grand Caravan – sometime during the 2013 calendar year. This will leave only the Chrysler Town & Country to do minivan battle for the Pentastar automaker. Curiously, through September of 2011, the Grand Carava
Sergio Marchionne, the man in charge of both Fiat and Chrysler, has been named... the man in charge of both Fiat and Chrysler. Marchionne currently wears the CEO title for both automakers, and now he has officially been crowned as Chrysler's chairman. Besides a nice addition to his resumé, this move consolidates Marchionne's dual roles
Chrysler is officially killing the 2011 Ram Dakota this week, which the UAW fears may lead to nearly 150 hourly positions getting the chop. The move has already spelled the end for 39 temporary positions at Chrysler's Warren Truck Plant.
During this week's Management Briefing Sessions in Traverse City, Michigan, Sergio Marchionne hinted at the possibility of stepping down from the position of Chrysler CEO within the coming years. While talking about Chrysler's future plans, Marchionne said they will "be up to go the guy after me – after 2015 or maybe a year later," Automotive News reports.
Last week, Chrysler was able to pay off its remaining $560 million in government debt. That's big news for Team Pentastar for many reasons, including reduced interest payments and increased control over its own future. Another, less publicized reward is that Chrysler no longer is required to adhere to the government's strict $500,000 e
"We have now reached the right moment to step on the accelerator of the Fiat-Chrysler integration," Sergio Marchionne said this week in a statement regarding his appointment of a single management team for both companies. According to Automotive News, four regional chiefs – North America, South America, Europe and Asia – will be in charge of Fiat and Chrysler effective September 1.
Fiat is well on its way toward owning 57 percent of Chrysler by the end of 2011, and CEO Sergio Marchionne appears to be ready to take the integration of the two companies to the next level. Bloomberg reports that Marchionne plans to unify the management structure of the two automakers, adding that a tie-up will happen "pretty quickly."
It's Official: Chrysler has announced that it has repaid its multi-billion dollar obligations owed to both the United States and Canadian governments. Adding up both loans plus interest, Chrysler has just shelled out a tidy $7.6 billion. The U.S. receives $5.9 billion and Canada will get $1.7 billion.
We've all been there: uttering words you almost immediately regret. You feel like an absolute idiot. But the next time that kind of situation comes up – and come up it will – know that you're not alone. Because Sergio Marchionne has had a bit of backtracking to do himself.
