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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 […]

FCA first quarter profit increases 22 percent

FCA first quarter profit increases 22 percent

Fiat Chrysler Automobiles, the world’s seventh largest carmaker, recently reported its first quarter profit jumped 22 percent, mostly in line with analyst expectations, though some industry experts still argue the company has debt issues. FCA NV, the company created last year when its chief executive officer Sergio Marchionne manged to […]

FCA could unveil earnings margins increase strategy

FCA could unveil earnings margins increase strategy

Fiat Chrysler Automobiles is scheduled Wednesday for its traditional first-quarter financial results conference, but the hype surrounding it could revolve around a hinted plan to lift profit and margins. More importantly, the seventh largest automaker in the world said this Monday it would report to its shareholders the “operational initiative” […]

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 […]

PSA chief says merger negotiations with FCA still not possible

PSA chief says merger negotiations with FCA still not possible

According to chief executive officer Carlos Tavares, any possibility for a merger with another global automaker would only become viable for the second largest European automaker, PSA Peugeot Citroen after its recovery strategy would be completed. The chief executive officer of the ailing automaker, which last year needed a 3 […]

FCA’s Marchionne believes partnership with GM, Ford could be “feasible”

FCA’s Marchionne believes partnership with GM, Ford could be “feasible”

Fiat Chrysler Automobiles, the third largest US automaker and the world’s seventh biggest, has long been rumored to seek additional combinations or partnerships after last year’s merger completion. While the numerous rumors surrounding a possible merger, combination or partnership usually suggested FCA would have great chances at linking with a […]