Post Tagged with: "Sergio Marchionne"

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CNBC Report: JPMorgan Might Lead Chrysler IPO

CNBC Report: JPMorgan Might Lead Chrysler IPO

JPMorgan Chase & Co might lead Chrysler’s IPO, according to a CNBC report. This IPO is seen as the only solution to bring to head the battle between Sergio Marchionne, who is Fiat’s and Chrysler’s CEO, and VEBA, the healthcare trust fund affiliated with the UAW union. By the end […]

Sergio Marchionne’s Challenger grabs $175,000

Sergio Marchionne’s Challenger grabs $175,000

The custom Dodge Challenger SRT8 owned by Sergio Marchionne was recently auctioned at the Barrett-Jackson, last weekend, for 175,000 USD. The Chrysler CEO Sergio Marchionne has decided to say goodbye to his beloved 2011 Dodge Challenger SRT8 392 but this won’t be in vain because the muscle car has been […]

Fiat Relies on Germany to Boost Sales

Fiat Relies on Germany to Boost Sales

As auto sales in Italy are expected to drop 21% to 1.11 million vehicles this year, Fiat plans to boost sales in Germany, by offering steeper discounts. But the German market begins to be affected by the crisis too, as sales in March dropped 17%, the biggest monthly fall since […]

Fiat Expects Low First Quarter Earnings

Fiat Expects Low First Quarter Earnings

Fiat expects first quarter earnings to drop as the US auto market cannot fully balance the loss in the European market. Fiat CEO Sergio Marchionne said the automaker will keep its full-year target for growth in trading profit as it expects to make up for the decline in Europe in […]