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Auto analysts are skeptical that Sergio Marchionne, the hyperbolic chief executive of Fiat Chrysler Automobiles, can meet his most ambitious goal: to nearly double Jeep’s global sales over the next four years, reported Reuters. Marchionne reiterated his aggressive target for boosting Jeep’s annual volume to 1.9 million, while pacing the floor of the New York ... Read More »
Read More →Sergio Marchionne, CEO of Fiat SpA and Chrysler Group LLC, plans to step down at the end of 2018 after completing a five-year turnaround plan for the new Fiat Chrysler Automobiles NV, reported The Detroit News. Marchionne, 62, told Bloomberg Businessweek that he will “undoubtedly do something else” after the plan, outlined earlier this year, ... Read More »
Read More →Germany automaker Volkswagen sold more than 7.5 million passenger cars and heavy trucks between January and September, Chief Executive Martin Winterkorn said on Wednesday at the Paris auto show, reported Reuters. Europe’s largest automaker is “well on the way” to achieving a target of 10 million vehicle sales this year, four years earlier than originally ... Read More »
Read More →In an unexpected move, top Nissan executive Andy Palmer has left the Japanese maker for a new position as CEO of Aston Martin. The British luxury maker has been without a CEO since 70-year-old Ulrich Bez retired last November, reported The Detroit Bureau. The move comes at a significant time for Aston which had been ... Read More »
Read More →Ford executive chairman Bill Ford Jr. said the transition to a new chief executive in recent weeks has been smooth, reported The Detroit News. Mark Fields took over as president and CEO on July 1 after Alan Mulally stepped down. Ford Jr. said the transition had been “perfect. … The transition’s been great. I’m thrilled. ... Read More »
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