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FCA wants increased auto industry consolidation

FCA wants increased auto industry consolidation

Fiat Chrysler Automobiles NV’s chief executive officer Sergio Marchionne is increasingly vocal about the need of the auto industry to further intensify its consolidation drive, with his calls largely unanswered so far. Marchionne is starting to look like the “Gandalf” of mergers, after orchestrating the unification between Italy’s Fiat SpA […]

FCA gathers more cash from bonds offering

FCA gathers more cash from bonds offering

Fiat Chrysler Automobiles, the world’s seventh largest automaker, has an ambitious five-year expansion plans that includes investments of almost $50 billion. And because automakers actually don’t have such massive cash hoards lying around, the financing needs to come from some place. For example, the latest move by FAC was to […]

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