Aug
21
5
At a Jeep factory in Toledo, Ohio, workers fear that Chrysler's new Italian management will scrap one of the two models they make, costing some of them their jobs.
The same anxiety is felt at Chrysler Group LLC plants around the country as Fiat SpA CEO Sergio Marchionne, who now controls the company, readies a new plan that will include cutting redundant models and adding smaller Fiats to the lineup.
A person briefed on Marchionne's plan says at least some details will be announced before or during th
Aug
16
0
Aug
16
Aug
16
0
General Motors , Chrysler, their finance units, their parts suppliers, Cash for Clunkers, etc.--is costing American taxpayers more than $100 billion.
Let's put that in perspective: It's enough to pay for every car and truck sold in America for the first half of this year.
For now, nobody really knows what we taxpayers will get for our money.
Aug
14
0
General Motors , Chrysler, their finance units, their parts suppliers, Cash for Clunkers, etc.--is costing American taxpayers more than $100 billion.
Let's put that in perspective: It's enough to pay for every car and truck sold in America for the first half of this year.
For now, nobody really knows what we taxpayers will get for our money.
Aug
13
0
BusinessWee k (BW) offers its readers a look inside Brand Spanking New Chrysler, or whatever they call it these days.
Although the article's written in the style of a PR puff piece, there's plenty to disconcert the inherently skeptical (guess who).
For example, does this strike you as the best way to re-jig your executive ranks?
more news on: Marchionne news
Aug
13
0
M agna and its Russian partner Sberbank reached an agreement in principle with General Motors over a contract to buy a stake in GM's European unit Opel, Magna Co-Chief Executive Siegfried Wolf told Reuters on Thursday.
A deal with Magna would be a relief for German Chancellor Angela Merkel, who is keen to avoid the prospect of mass layoffs before a Sept. 27 election.
She and the premiers of the four German states that house Opel plants have publicly backed Magna, arguing it offered a more sustainable pl
more news on: Angela Merkel news
Aug
13
0
Turin, Italy— When it became clear that Fiat ( FIA.MI ) would take over Chrysler, many Americans wondered what the Italian automaker brings to the table.
After all, Fiat hasn't sold vehicles in the U.S. since 1983—and those were widely deemed unreliable.
(Wags referred to Fiat as "Fix It Again, Tony.")
the process of transferring Fiat's technology into Chrysler's manufacturing facilities. -Sergio Marchionne
more news on: Fiat SpA news
Aug
12
0
It's taken me long enough to get used to Ferrari sharing engines with Maserati and Alfa.
This would absolutely make me cry.
Rumors are going around that the next Viper may be powered by a Ferrari-designed V10. Fiat CEO, Sergio Marchionne believes this would elevate the Viper to true halo car status as well as bring down development cost by spreading the tech around.
more news on: Automotive industry news
Aug
11
0
If media reports are true, Chrysler's Dodge Viper might be getting its own Ferrari/Maserati-derived engine.
Fiat CEO Sergio Marchionne has plans to make Dodge a performance brand for the US in the same way that Alfa Romeo is in Europe.
Fiat is currently developing a new V8 engine range for Ferrari and Maserati , and now reports suggest that this state of the art unit could easily be adapted for the Viper.
more news on: Automotive industry news
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