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 [...]
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Posted on August 20th, 2011 • by Bill Cawthon
Italian newspaper La Repubblica is reporting that, instead of Turin or Detroit, the new headquarters for Fiat/Chrysler might be in Holland. Though it doesn’t name any sources for the story, the paper says that Holland would be a useful compromise and offers tax advantages. Though the terms are used interchangeably, Holland actually is a political [...]
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Posted on July 25th, 2011 • by Bill Cawthon
With Fiat taking a majority position in Chrysler last week, it’s worthwhile getting another perspective on the merger of the two automakers. In June, Carlo De Benedetti, honorary chairman of holding company Compagnie Industrali Riunite SpA, talked to Bloomberg News’ Flavia Rotondi and Tommaso about Sergio Marchionne’s efforts to rapidly integrate Fiat and Chrysler LLC. [...]
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Posted on July 25th, 2011 • by Bill Cawthon
Top executives at both Chrysler Group and Fiat are counting down the hours until tomorrow. That’s when Sergio Marchionne is supposed to announce the names for his new top management structure. The new structure will consist of four new “regional” managers and a 25-member steering committee governing both Chrysler and Fiat. The four regional managers [...]
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Posted on July 18th, 2011 • by Bill Cawthon
In an article written by Luca Ciferri, Automotive News outlines some of the management changes being planned by Chrysler/Fiat CEO Sergio Marchionne. The changes are being made not only to merge the executive team and reduce costs, but to allow Marchionne to delegate some authority. The pace of the past two years has not only [...]
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Posted on July 14th, 2011 • by Bill Cawthon
Bloomberg News is reporting that Chrysler/Fiat CEO Sergio Marchionne told reporters the two auto companies will have a single management structure soon. Marchionne’s comments came following a speech to the Swiss-American Chamber of Commerce in Zürich. This would be another step toward the eventual merger of Fiat and Chrysler. Fiat consolidated Chrysler’s financial and operating [...]
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