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Fiat Chrysler still mulling industry consolidation

Fiat Chrysler still mulling industry consolidation

During the recent conference call on first quarter earnings, the Fiat Chrysler officials reiterated their pledge for deeper cooperation among the major players in the auto industry, in a bid to bring more industry consolidation. Fiat Chrysler Automobiles chief executive officer Sergio Marchionne has reiterated its long-running idea that the […]

GM CEO Barra says mergers are a no go

GM CEO Barra says mergers are a no go

General Motors is writing out the possibility of a merger or acquisition, even as the automotive industry is faced with upcoming evolutions that might change its face forever and certain rivals have called for further consolidation. Just last week, merger-guru Fiat Chrysler Automobiles chief executive officer Sergio Marchionne again pointed […]

PSA Peugeot Citroen chief executive mulling collaboration expansion with others than Toyota

PSA Peugeot Citroen chief executive mulling collaboration expansion with others than Toyota

According to chief executive officer Carlos Tavares, French automaker PSA Peugeot Citroen – the second largest in Europe – would like to expand beyond its ongoing partnership with Japan’s Toyota Motor, the world’s biggest carmaker. PSA and Toyota have had a successful partnership for years, sharing the cost of design, […]

Volvo ousts CEO, replacement comes from rival Scania

Volvo ousts CEO, replacement comes from rival Scania

The Swedish truck maker Volvo has replaced embattled Olog Persson as chief executive, turning to the head of Volkswagen-owned Scania for the newly appointed Marin Lundstedt. Looking to dominate the truck market in the face of Germany’s Daimler and Volkswagen, Volvo announced better than expected earnings for the first quarter […]

VW CEO pledges to fight for power

VW CEO pledges to fight for power

Volkswagen AG, the second largest automaker in the world and the biggest in Europe, has recently spiraled down into a full-blown leadership crisis, with the chief executive officer pledging to not go down without a fight. The company’s chairman Ferdinand Piech, who told German magazine Der Spiegel he was not […]

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 […]