Tag: Sergio Marchionne
Posted by
Fangio 1 year 6 months ago
Fiat has spent about $454 million on developing its new Bravo model, which marks the Italian automaker's return to the profitable midsize market, the company's chief executive said Wednesday.
The five-door vehicle, which goes on sale next month, is one of 23 new models the company plans to roll out through 2010 to improve its mix and increase sales to 2.8 million a year.
The Bravo name has been revived from a previous three-door compact, but the model to be unveiled in Rome is planned as a stylish replacement for Fiat's disappointing...
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Posted by
Kevom 1 year 11 months ago
Italian car maker group Fiat wants to buy back Ferrari, also reacquiring the 5% stake held by the United Arab Emirates Mubadala Development Company. The strategy was announced by Fiat CEO Sergio Marchionne, who said he expected the deal to be closed by the end of the month. According to the Finanza e Mercati daily, Fiat's buyback operation of 29% of the prestigious car maker controlled by Italian investment bank Mediobanca is almost completed. The reacquisition of the 5% stake sold by Mediobanca to Mubadala in July 2005 might turn out to be...
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Posted by
Fangio 2 years 1 month ago
Alfa Romeo is coming back to the United States in late 2008 with big-sticker cars.
The Italian brand wants the $200,000-plus sports cars to pave the way for a 2010 or 2011 introduction of three volume models.
"We have a team working on the Alfa Romeo comeback to the U.S., and we will make an announcement at the Paris auto show" in September, says Sergio Marchionne, CEO of Alfa's parent, Fiat Auto S.p.A.
The first Alfa Romeo to go on sale in the United States will be the limited-edition 8c Competizione carbon-fiber car. The car is...
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