Posted on November 21st, 2011 • by Bill Cawthon
Interviewed in London, Sergio Marchionne, CEO of Chrysler and Fiat, said there are no plans to fully merge Chrysler and Fiat next year. Marchionne also told reporters that there are no plans to raise capital to purchase the Chrysler stake held by the United Auto Workers’ Voluntary Employee Beneficiary Association (VEBA), which would also seem [...]
•
Like on Facebook • Tags:
Chrysler,
Fiat,
initial public offering,
merger,
Sergio Marchionne.
Posted on July 19th, 2011 • by Bill Cawthon
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 [...]
•
Like on Facebook • Tags:
Chrysler,
Ferrari,
Fiat,
initial public offering,
Luca Cordero de Montezemolo,
Sergio Marchionne.
Posted on June 15th, 2011 • by Bill Cawthon
Bloomberg News is reporting that Sergio Marchionne, CEO of Fiat SpA and Chrysler Group, has said the Italian automaker won’t risk its credit ratings to gain full ownership of Chrysler. Fiat already holds a majority interest in the U.S.-based car company and looks to hold 57 percent by the end of the year. Fiat previously [...]
•
Like on Facebook • Tags:
Chrysler,
credit ratings,
Fiat,
Fitch,
initial public offering,
Moody's,
Sergio Marchionne,
Standard & Poor's.
Posted on April 28th, 2011 • by Bill Cawthon
U.S. Treasury Secretary Tim Geithner today toured the Jefferson North Assembly Plant. Geithner is in Detroit to meet with auto company executives and to speak to the Detroit Economic Club. During his time at the plant, Sergio Marchionne spent about 16 minutes fielding questions from the press about the refinancing package, a Chrysler IPO and [...]
•
Like on Facebook • Tags:
financial statements,
Geithner,
Government loans,
initial public offering,
Sergio Marchionne.
Posted on March 30th, 2011 • by Bill Cawthon
According to a Bloomberg News report, Chrysler Group’s initial public offering may be postponed until next year, according to CEO Sergio Marchionne. Marchionne said the delay might help Chrysler to really “be ready to be a public company again.” Marchionne was at Fiat SpA’s annual meeting when he was asked if the IPO would take [...]
•
Like on Facebook • Tags:
Chrysler,
Government loans,
initial public offering,
Sergio Marchionne.
Posted on January 3rd, 2011 • by Bill Cawthon
Sergio Marchionne, CEO of Fiat SpA and Chrysler Group, LLC, today told reporters in Milan that the Italian automaker may exercise its options to acquire a 51% majority of Chrysler prior to an initial public offering. Quoted by Bloomberg News, Marchionne said, I think it is possible, don’t know whether it is likely, but it [...]
•
Like on Facebook • Tags:
Chrysler,
Fiat,
Government loans,
initial public offering,
Sergio Marchionne.
