Fiat Chrysler CEO Sticks to 2014 Guidance

Fiat Chrysler CEO Sergio Marchionne said on Thursday he saw no reason at present to review the carmaker’s 2014 financial guidance despite tough European and Latin American markets, reported Reuters. After Fiat’s poor second-quarter results, analysts were widely expecting a cut in full-year guidance. For 2014, the auto group expects to raise operating profit, excluding ... Read More »

Fiat-Chrysler Sees New York Stock Market Listing on October 13

Fiat-Chrysler aims to list shares in the newly merged carmaker in New York on Oct. 13, Chief Executive Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month, reported Reuters. He was speaking a day after the merger between Fiat and its U.S ... Read More »

Fiat Shareholders Approve Reorganization

Fiat SpA shareholders approved a reorganization that opens the way for the Italian car maker that owns Chrysler Group LLC to move its headquarters to the Netherlands, its tax domicile to the U.K. and list its shares in New York, reported The Wall Street Journal. With Friday’s green light from shareholders, Fiat will now merge ... Read More »

Fiat, Chrysler Parent Company, Reports 55% Drop in Profits

Fiat SpA, the parent company of Chrysler Group LLC, reported a 55 percent decline in second-quarter profits due to weak performances in Europe and Latin America, reported Michigan Live. The Italian automaker said its net profit from April through June was 197 million euros ($264 million), down from 435 million euros ($583 million) for the ... Read More »

Fiat Chief Tears Into Union Over Stoppage

Fiat Chrysler Says Performance of US Operations Crucial

Fiat's Growth Plan Is Achievable, Marchionne Says

Fiat Chrysler Will be OK if it Misses Lofty Targets: Marchionne

Chrysler Swings to a Loss on Charges

Fiat Swings to Loss