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Whatever worries they might have about government defaults in Greece and Italy and a possible European recession haven’t dampened the spirits of the truly wealthy visitors to the 2011 Frankfurt Auto Show. The new Maserati Kubang is one of the hottest tickets at the show and Fiat’s other premium brand, Ferrari, expects record sales this [...]
There are no plans to list Ferrari, according to the ultra-premium brand’s CEO, Luca Cordero de Montezemolo. According to Reuters, Cordero de Montezemolo told reporters, “There is no program to list Ferrari, no program at all.” Industry analysts had thought Chrysler/Fiat CEO Sergio Marchionne, who is also the chairman of Ferrari’s board of directors, might [...]
Fiat’s tiny 875cc turbocharged two-cylinder TwinAir has been named the greatest automotive engine available today. This is the smaller engine offered for the European Fiat 500. The TwinAir cleaned up in the 2011 International Engine of the Year Awards that were announced at the Engine Expo in Stuttgart, Germany. It was named International Engine of [...]
Analysts believe that Fiat intends to acquire over half of Chrysler, based on the November 12 conference call, according to an article in Automotive News. They also believe Fiat will launch a Ferrari IPO and sell parts maker Magneti Marelli to generate enough cash to acquire a share of Chrysler. Buying 16% of Chrysler, to [...]