Agnieszka's Feed
Jun 5, 2014

Alitalia expected to give initial nod to Etihad tie-up

MILAN/ROME, June 5 (Reuters) – Alitalia is expected to give
an initial green light to a tie-up with Etihad Airways at a
board meeting on Friday in a last-ditch attempt to save a
carrier that many in the industry have regarded as a lost cause.

The Italian flagship carrier has made an annual profit only
a few times in its 68-year history and received numerous state
handouts before being privatised in 2008.

Jun 4, 2014

Iveco revamps small truck to grow in Europe, rival Mercedes

VENARIA REALE, Italy, June 4 (Reuters) – Truck and bus maker
Iveco, a unit of CNH Industrial , is betting
on a complete revamp of its Daily small truck to grab market
share in Europe, tap recovering demand and rival Mercedes, the
head of the brand said on Tuesday.

Iveco has invested 500 million euros ($681 million) to redo
the flagship small truck, redesigning 80 percent of its
components, making it lighter, more efficient and easier to load
and drive, Lorenzo Sistino said at the Daily’s launch.

May 22, 2014

Agnelli family holding company Exor seeking big new investments – CEO

TURIN, Italy, May 22 (Reuters) – Italian investment company
Exor, the listed holding company for Fiat’s founding
family the Agnellis, is looking to make one or two other major
investments that would complement the current portfolio, and
would most likely be in a services sector, Chairman and Chief
Executive John Elkann said on Thursday.

Elkann said Exor, whose three major investments include
controlling stakes in Fiat Chrysler Automobiles (FCA),
tractor and truckmaker CNH Industrial and real estate
group Cushman & Wakefield, would look at companies that are
similar to those three in that they have roots in Europe or
America but operate globally.

May 8, 2014

CNH Industrial sees operating profit up 60 percent by 2018

DETROIT (Reuters) – Tractor and truck maker CNH Industrial NV (CNHI.MI: Quote, Profile, Research, Stock Buzz) (CNHI.N: Quote, Profile, Research, Stock Buzz) expects to raise operating profit for its industrial activities by as much as 60 percent and become debt free over five years by expanding and refreshing its product lineup and growing in Asia.

Chief Executive Richard Tobin, in an investor presentation on Thursday, said he planned to boost the group’s farming equipment portfolio and its geographic reach, return the construction machinery business to profitable growth and introduce new models for its pressured truck unit.

May 8, 2014

Fiat Chrysler headquarters will be in London, CEO confirms

DETROIT (Reuters) – The headquarters of the newly merged Fiat Chrysler Automobiles (FCA) (FIA.MI: Quote, Profile, Research, Stock Buzz) will be moved to London, Chief Executive Sergio Marchionne clarified on Thursday, cementing a politically sensitive shift away from Italy, Fiat’s home for the past 115 years.

Fiat’s home is currently in Turin, Italy, while Chrysler is headquartered in Auburn Hills, outside of Detroit.

May 8, 2014

Asia success still long shot for ambitious Fiat Chrysler

DETROIT (Reuters) – If Fiat Chrysler Automobiles (FIA.MI: Quote, Profile, Research, Stock Buzz) wants to become a significant force in Asia, it needs to succeed in China. But its track record so far in the world’s largest automobile market raises doubts about its ability to deliver on growth promises, analysts say.

The newly merged auto company has been present in China for some time, but it has a market share of only 0.6 percent both in that country and in the Asia-Pacific region. It lags far behind rivals that are truly global players, including Toyota Motor Corp (7203.T: Quote, Profile, Research, Stock Buzz), Volkswagen AG (VOWG_p.DE: Quote, Profile, Research, Stock Buzz), General Motors Co (GM.N: Quote, Profile, Research, Stock Buzz) and Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz).

Apr 14, 2014

Porsche’s success looms over Maserati sales push

MILAN (Reuters) – As Fiat Chrysler (FIA.MI: Quote, Profile, Research, Stock Buzz) moves to reinvent its small Maserati brand as a serious rival to the world’s luxury car makers, the pressure to succeed is all the greater for the startling success of Germany’s Porsche.

The German sportscar maker has set the standard for multiplying sales of an expensive brand without damaging the exclusive image that reaps big profits.

Mar 31, 2014

Fiat chief sets production aim of 6 mln cars a year by 2018

TURIN, Italy, March 31 (Reuters) – Fiat Chrysler Automobiles
(FCA) will be able to make more than 6 million cars a
year by 2018 as its strategy focused on relaunching the Alfa
Romeo and Maserati marques bears fruit, its chief executive said
on Monday.

Speaking after a shareholders’ meeting in Fiat’s hometown
Turin in northern Italy, Sergio Marchionne’s comments underscore
his upbeat view of the group’s prospects following the full
merger with U.S. partner Chrysler and reinforce a long-cherished
production objective.

Mar 31, 2014

Fiat-Chrysler shares rise as company sees boost from merger

TURIN, Italy, March 31 (Reuters) – Fiat Chrysler Automobiles
(FCA) has told shareholders to expect plenty of good
news as the completion of a full merger with U.S. unit Chrysler
opens greater global opportunities for the world’s
seventh-largest carmaker.

Shares in Fiat SpA – the original Italian company which is
merging with its U.S. partner – rose some 2 percent to their
highest in more than six years.

Mar 27, 2014

Currency swings force Pirelli to cut 2014 sales target

MILAN (Reuters) – Pirelli (PECI.MI: Quote, Profile, Research, Stock Buzz), the world’s fifth-largest tiremaker, has cut its sales target for this year, citing worse-than-expected currency effects, after delivering 2013 results in line with its own previously-lowered forecasts.

The Italian company, whose tires equip motorcycles, cars and Formula 1 racers, said it expects to report sales of 6.2 billion euros ($8.52 billion) this year, up nearly 1 percent on 2013 but down from a previous target of 6.6 billion euros. The adjustment was largely expected.