Sergio Marchionne is gone. The larger-than-life architect of Fiat Chrysler Automobiles died today at the age of 66. In a statement released this morning, John Elkann, FCA’s chairman and the chairman and CEO of Exor, the Agnelli family holding company, said: “Unfortunately, what we feared has come to pass. Sergio […]
The Italian press is reporting that former FCA and Ferrari CEO Sergio Marchionne has been in a coma since Friday. Il Stampa noted that its sources say Marchionne’s condition is irreversible and that he is breathing with a ventilator. Marchionne is currently in the intensive care unit at the University […]
In an announcement sure to cause shockwaves throughout the automotive and investment communities, FCA and Ferrari have said they are under new management. Mike Manley, 54, head of the Jeep brand, will replace Sergio Marchionne as the interim CEO of Fiat Chrysler Automobiles, pending the board’s approval of Manley as […]
On Wednesday, Ford announced a new, more aggressive cost-cutting plan that will have a significant impact on its U.S. product lineup. 110 years after it began production of the first mass-market automobile, the Model T, Ford is exiting the mainstream passenger car market in the U.S. and Canada. In the […]
According to a report in the Wall Street Journal (paid subscription required), Ford and General Motors are planning to kill off some well-known models in the near future. Ford, which has already moved production of the Focus to to its plant in Hermosillo, Mexico, has announced that it will build […]
Double-digit gains reported by FCA and General Motors added nearly two percentage points to the Detroit automakers’ share of the U.S. light vehicle market. GM delivered the largest increase of any major car company with total sales up 16%, followed closely by FCA’s Jeep-fueled 14% growth. Ford sales rose about […]
According to figures released this morning, Jeep sales jumped nearly 45% in March as deliveries of the Compass exploded by triple digits and propelled the brand to a new monthly benchmark. Compass turnover skyrocketed 553%, and sales of every other Jeep model were up by double digits. Jeep Sales for […]
In a surprise late announcement today, General Motors said it would stop providing monthly sales figures for the U.S. market. GM will continue reporting monthly sales for the Canadian market, where it currently trails FCA and Ford in year-to-date deliveries. The company said the move is due to monthly sales […]
For more than 100 years, Detroit, Michigan has been synonymous with the automobile. While it certainly wasn’t the only place car companies called home, it was the main attraction with Chrysler, Ford and General Motors. For the majority of those years, the pride of place went to passenger cars, like […]
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