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Fiat Chrysler CEO sticks to 2014 financial guidance


Fiat Chrysler Automobiles' CEO, Sergio Marchionne, said that he did not find any reasons at the moment to review the automaker’s 2014 financial guidance, despite strenuous European and Latin American markets. Analysts were expecting a cut in full-year guidance due to poor second-quarter results for Fiat. However, the auto group expects this year to raise operating profit by as much as ...
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Ferrari will build more cars after Marchionne becomes chief
Ferrari will build more cars than previously planned when Sergio Marchionne, CEO of parent Fiat Chrysler Automobiles, takes on the top position at the supercar maker this October. The plan goes ...
Ferrari will not be engulfed by Fiat Chrysler Automobiles
After Chairman Luca Cordero din Montezemolo resigned from his position at Ferrari, FCA CEO Sergio Marchionne announced that there are no plans to fold Ferrari into the Fiat Chrysler group. Montezemolo ...
Fiat gives departing Ferrari chairman $34.78 million as severance pay
Fiat Chrysler will give to the departing chairman of its sports car division Ferrari a combined severance package of €26.95 million ($34.78 million), with half of it to be paid ...
Breaking news: Luca di Montezemolo quits Ferrari Chairman position
Following recent rumors and the reports about the clashes with Fiat Chrysler Automobiles CEO Sergio Marchionne, the long-running Ferrari Chairman di Montezemolo has announced his retirement. He announced in a release ...
Report – Ferrari chairman likely to resign by year-end
Luca Cordero din Montezemolo will probably step down by the end of 2014 from his position as Ferrari chairman. That's due to clashes over strategy with Sergio Marchionne, CEO of ...
Ferrari owner asks for more Formula One wins
Fiat SpA. CEO, Sergio Marchionne, said that Ferrari's Chairman, Luca Cordero di Montezemolo wants to make sure the supercar brand’s Formula One team produces more wins. Ferrari, which ranked fourth in ...
FCA CEO completely rules out VW tie-up
The newly formed Fiat Chrysler Automobiles has already seen its first big rumor – a reported tie-up with the world’s second largest automaker – the Volkswagen Group. Although some investors pondered ...
Marchionne should focus now on new cars
According to experts, analysts and industry observers, the long-running chief executive Sergio Marchionne, seen as a turnover maestro, now needs to prove he’s a car guy. Marchionne was brought to Fiat ...
Marchionne considers FCA’s targets achievable
The CEO of newly created Fiat Chrysler Automobiles forecasts the ambitious growth targets set forth in a five-year business plan for the group’s brands are within reach, although some pose ...

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