Agnieszka's Feed
Mar 4, 2014

Italy-made Jeep true test of Fiat-Chrysler’s global ambitions

GENEVA (Reuters) – The Jeep Renegade, which debuted at the Geneva auto show on Tuesday, will be the first true test of the recent marriage between Italian carmaker Fiat and its U.S. unit Chrysler, meant to allow both to share technology, cash and dealer networks.

Fiat Chrysler Automobiles’ (FIA.MI: Quote, Profile, Research, Stock Buzz) new small Jeep should help the carmaker reach an ambitious sales target of 1 million vehicles for the brand this year and will test the world’s seventh-largest auto group’s ability to compete globally.

Mar 4, 2014

Fiat-Chrysler expects new plant to boost Brazil profitability

GENEVA, March 4 (Reuters) – Fiat Chrysler Automobiles (FCA)
expects a new plant in Brazil to boost its
profitability in that market by 2017 after a cut to subsidies
and currency effects hit profits there last year, Chief
Executive Sergio Marchionne said on Tuesday.

FCA, created after Fiat took full control of Chrysler in
January in a $4.35 billion deal to create the world’s
seventh-largest auto group, cut its 2014 profit forecast after
an 80-percent slump in Latin American core earnings in the final
quarter of 2013.

Mar 3, 2014

Ferrari returns to turbo as supercar makers face up to emissions rules

GENEVA, March 3 (Reuters) – Italy’s Ferrari has mounted a
turbocharged engine on its latest supercar for the first time in
more than two decades, as even luxury automakers are forced to
seek ways to cut emissions without sacrificing performance.

The California T, which will debut at the Geneva auto show
this week, will be equipped with an eight-cylinder engine that
Ferrari says will consume 15 percent less fuel than its
naturally-aspirated predecessor, reducing carbon dioxide
emissions to 250 grams per kilometre (g/km) from 299.

Mar 1, 2014

Fiat’s UK-style revival plan faces Italian hurdles

MILAN/PARIS (Reuters) – Idle plants, surly unions and a weak, ageing model line-up – the challenges facing Fiat Chrysler’s (FIA.MI: Quote, Profile, Research, Stock Buzz) Italian revival sound a lot like the British car industry’s low point in 1982.

CEO Sergio Marchionne will be hoping the similarities don’t end there as he orders up sporty new Alfa Romeos and sleek Maseratis in a bid to repeat in Italy what British brands like Mini and Jaguar have since achieved under foreign ownership.

Mar 1, 2014

Fiat’s British-style revival plan faces Italian hurdles

MILAN/PARIS (Reuters) – Idle plants, surly unions and a weak, ageing model line-up – the challenges facing Fiat Chrysler’s Italian revival sound a lot like the British car industry’s low point in 1982.

CEO Sergio Marchionne will be hoping the similarities don’t end there as he orders up sporty new Alfa Romeos and sleek Maseratis in a bid to repeat in Italy what British brands like Mini and Jaguar have since achieved under foreign ownership.

Feb 26, 2014

Alitalia CEO says Etihad needs three-four weeks for due diligence

MILAN (Reuters) – Etihad Airways is expected to finish examining Alitalia’s books within a month as it ponders whether to invest in the loss-making Italian airline, Alitalia’s chief executive said on Wednesday.

Alitalia has cut costs and refreshed its fleet since being rescued and privatized in 2008. But the company was hit after focusing on domestic and regional markets where it has struggled to compete against low-cost airlines and fast trains on the busy Milan-Rome route.

Feb 26, 2014

Alitalia CEO says Etihad needs 3-4 weeks for due diligence

MILAN, Feb 26 (Reuters) – Etihad Airways is expected to
finish examining Alitalia’s books within a month as it ponders
whether to invest in the loss-making Italian airline, Alitalia’s
chief executive said on Wednesday.

Alitalia has cut costs and refreshed its fleet since being
rescued and privatised in 2008. But a focus on domestic and
regional markets has left it vulnerable to competition from
low-cost airlines and fast trains on the busy Milan-Rome route.

Feb 6, 2014

Etihad’s stake strategy faces new test with Alitalia move

FRANKFURT/MILAN, Feb 6 (Reuters) – A potential deal to buy a
stake in troubled Italian airline Alitalia could be
the biggest test yet for Abu Dhabi-based Etihad’s strategy of
using stakes in ailing airlines as an easy way to expand its
global footprint.

Etihad’s collection of minority airline stakes stretches
from the Seychelles to Ireland and Australia, and dates back to
the purchase of an almost 30 percent stake in Air Berlin
at the end of 2011.

Jan 29, 2014

Profit warning shows remodelled Fiat-Chrysler faces rocky road

MILAN/DETROIT (Reuters) – Fiat (FIA.MI: Quote, Profile, Research) has cut its 2014 profit forecast after a slump in Latin American earnings, underscoring the task the carmaker faces as it completes a merger with U.S. arm Chrysler and shifts its focus away from Italy to create a true global player.

Turin-based Fiat, which this month bought out Chrysler’s minority investor in a $4.35 billion (2.62 billion pounds) deal, said on Wednesday the new Fiat Chrysler Automobiles (FCA) group would have its primary listing in New York, with a secondary listing in Milan.

Jan 29, 2014

Profit warning shows remodeled Fiat faces rocky road

MILAN/DETROIT (Reuters) – Fiat (FIA.MI: Quote, Profile, Research, Stock Buzz) has cut its 2014 profit forecast following a slump in Latin American sales, underscoring the task the carmaker faces as it completes a merger with U.S. arm Chrysler and shifts its center of gravity away from Italy.

Turin-based Fiat, which this month bought out Chrysler’s minority investor in a $4.35 billion deal, said on Wednesday the new Fiat Chrysler Automobiles (FCA) group would have its primary listing in New York, with a secondary listing in Milan.