Archive for the ‘Chrysler’ Category

Marchionne Memorialized in Turin

“Life doesn’t stop.”

by on Sep.14, 2018

FCA Chairman John Elkann, (c), is shown entering the Turin Cathedral for the Marchionne memorial.

An overflow crowd filled the Turin Cathedral on Friday morning marking the first of two planned memorials for Sergio Marchionne, the CEO of Fiat Chrysler Automobiles who died unexpectedly at the age of 66 nearly two months ago.

The ceremony brought out a mix of political and industrial elites, including FCA Chairman John Elkann and two former Italian prime ministers, as well as company workers and many local residents, according to Italian news reports.

Insight!

“Never take a break or a deep breath because life doesn’t stop,” said Elkann, the heir to the founders of the Fiat side of FCA, recalling Marchionne’s always-on-the-go work ethic.

(more…)

Lexus, Volvo Tie for Top Spot in New Brand Survey

Overall, consumers slightly happier with ownership experience.

by on Aug.30, 2018

Volvo tied with Lexus for the top brand honors in the latest ACSI survey, receiving its highest score ever.

Vehicle owners in the U.S. are slightly happier with their ownership experience this year than last year, according to the latest American Customer Satisfaction Index.

The index, which is the result of surveys of car owners on their overall service and product experience with specific auto brands, creates a score between 1 to 100. According to the latest edition, the industry-wide score for 2018 is 82, up from 81 in 2017.

News You Can Trust!

“Car owners are often highly satisfied—they’ve kicked the tires enough times that they’re happy with their decision when they buy,” said David VanAmburg, managing director at ACSI.  (more…)

Toyota Investing $500 Mil in Uber, Will Aid in Autonomous Vehicle Efforts

Move could help ride-sharing service in anticipated IPO plan.

by on Aug.28, 2018

Dara Khosrowshahi, Uber’s CEO and Toyota EVP Shigeki Tomoyama shake over their new alliance.

Toyota confirmed  reports it will invest $500 million in Uber and partner with the nation’s largest ride-sharing service on the development of the autonomous and fully driverless vehicles Uber believes will slash its costs and make it a viable alternative to personal vehicle ownership.

The announcement comes barely a week after Uber wrapped up its search for a new chief financial officer, something that, along with the new Toyota alliance, could help move closer to a widely anticipated IPO. The Japanese maker’s investment puts a value of $72 million on Uber.

Tech News!

“This agreement and investment marks an important milestone in our transformation to a mobility company,” said Shigeki Tomoyama, executive vice president, TMC, and president, Toyota Connected Company. “Combining efforts with Uber, one of the predominant global ride-sharing and automated driving R&D companies, could further advance future mobility.”

(more…)

Odyssey, Pacifica Top IIHS 2018-19 Minivan Rankings

Toyota Sienna falls from top ranking.

by on Aug.16, 2018

The Honda Odyssey earned an IIHS Top Safety Pick for 2018-19.

The competition among minivans is already tight and the most recent ratings from the Insurance Institute for Highway Safety for the current model year have only made that wrestling match tighter.

The Chrysler Pacifica and Honda Odyssey are 2018 Top Safety Picks. They were among the qualifiers when IIHS announced initial winners of the 2018 awards last December. Both earned a superior rating for front crash prevention and have acceptable-rated headlights. Better headlights would have secured Top Safety Pick+ awards – the group’s top rating – for these minivans.

News Now!

To earn a 2018 Top Safety Pick, according to IIHS, a vehicle must have good ratings in all IIHS crashworthiness tests except the passenger-side test. Other requirements are a front crash prevention system that earns an advanced or superior rating and headlights that earn an acceptable or good rating.  (more…)

FCA Reports Lower Than Expected Earnings as it Mourns Marchionne

Former chief memorialized with a moment of silence on earnings call.

by on Jul.25, 2018

Mike Manley, new CEO of FCA, led a moment of silence today before leading the reporting of the company's second quarter earnings.

Fiat Chrysler Automobiles reported Q2 earnings that were lower than expected, but that was surpassed by news that former CEO Sergio Marchionne died due to complications from surgery in Switzerland.

The company’s executives, including the newly appointed replacement for Marchionne, Mike Manley, soldiered on through the earnings call, starting with a moment of silence to honor the man many believe saved Chrysler from extinction.

Subscribe Now!

Then they moved on, as they believed Marchionne would have insisted, to describe how slow sales in China put a drag on the company’s earnings results despite impressive sales in North America during the first half of the year. (more…)

Former FCA CEO Marchionne Dead of Stroke at 66

A “force of nature,” the Italian-born exec rescued two car companies.

by on Jul.25, 2018

Sergio Marchionne was a dynamic game-changer that many could only watch as he raced by.

Sergio Marchionne, a man more than once called “a force of nature,” has died from a stroke at the age of 66, an unexpected complication following what had been expected to be “routine” shoulder surgery last week.

In an era when many businesspeople crave anonymity, Marchionne’s public appearances often turned into events, rather than mere news conferences. And perhaps for good reason considering there are few executives who could lay claim to having saved two separate automakers, Fiat and Chrysler, before bringing them together to form a global powerhouse.

Word that something had gone wrong came around noon Eastern time on Saturday when FCA issued a brief statement revealing that the Italian-born and Canadian-educated Marchionne experienced “unexpected complications,” and that his conditions had “worsened significantly in recent hours.” Subsequent news reports from Europe indicated the executive had suffered a stroke, fallen into a coma and was placed on a ventilator at a Swiss hospital. FCA issued another terse statement indicating his passing early this afternoon in Europe.

(more…)

Manly Manley Facing Tough Challenges at FCA

Great track record at Jeep, Ram, but lots more to do, observers caution.

by on Jul.23, 2018

New Fiat Chrysler CEO Mike Manley is not sliding into a cushy job, rather it is a position that faces several difficult challenges in the near and long term.

The head of Fiat Chrysler’s European, Mideast and African business operations reportedly has stepped down, the apparent departure of Alfredo Altavilla kicking into high gear what could become a period of significant turmoil in the automaker’s senior ranks touched off by the unexpected departure of long-time CEO Sergio Marchionne over the weekend.

The 66-year-old Marchionne, who brought Fiat in as a white knight to save Chrysler after its 2010 bankruptcy, was replaced over the weekend by Michael Manley after suffering a grave decline in health following seemingly routine shoulder surgery last week.

News Now!

The 54-year-old Manley was considered the front-runner to replace Marchionne when he retired nearly a year from now, but the unexpected shake-up will put plenty of pressure on the new CEO to hold things together while also moving ahead with the new FCA five-year plan Marchionne unveiled barely two months ago. Altavilla was seen as one of the other senior execs positioned to succeed Marchionne and it remains to be seen if his departure could be followed by others. (more…)

Marchionne Out, Manley In as Fiat Chrysler CEO

Questions about health issues blamed for Marchionne’s early departure.

by on Jul.21, 2018

Larger than life: Marchionne outlined a broad 5-year-plan during a day-long June session in Milan.

Fiat Chrysler Automobiles announced on Saturday that Jeep and Ram brand boss Michael Manley will replace CEO Sergio Marchionne, who due to complications from recent surgery is gravely ill and will not return to work.

Though the 66-year-old Marchionne was known to have undergone surgery this past week for what was reported to be a shoulder problem. According to FCA’s statement, the Italian-born and Canadian-educated Marchionne experienced “unexpected complications,” while his conditions had “worsened significantly in recent hours.”

Subscribe Now!

Word of Marchionne’s departure quickly echoed through the automotive grapevine. Few industry executives have had a higher profile presence in recent decades, and even fewer could be said to have done more to shape a company in his own image as did Marchionne, who rescued the then-bankrupt Chrysler by securing a U.S. government bailout and then merging it with Italy’s Fiat S.p.A.

(more…)

Mercedes, Bosch Team to Launch Self-Driving Car Service

Set to debut in late 2019 in Silicon Valley.

by on Jul.11, 2018

Initially, Daimler will use the Mercedes-Benz S-Class sedan for the pilot ride-sharing project.

Mercedes-Benz is teaming up with German mega-supplier Bosch to launch a new ride-sharing service in Silicon Valley next year that will rely on self-driving vehicles.

The project marks the latest entry into the fast-expanding field that, by some estimates, could eventually account for as much as a quarter or more of the miles Americans travel by automobile. Other planning to launch ride-sharing services using self-driving vehicles include General Motors, Google spin-off Waymo and Uber, the country’s largest ride-sharing service.

Making Sense of the Brave New World!

While Mercedes’ parent Daimler AG is referring to the vehicles it will use as “automated shuttle(s),” customers will be able to ride in style. When the project initially gets underway during the second half of 2019, it will rely on modified versions of the luxurious S-Class Sedan. Eventually, the goal is to switch to a production version of the edgy Mercedes concept vehicle, the F 015.

(more…)

Dodge Boss Beahm Fills in the Blanks About Brand’s Product Plans

“Everything will have a performance element.”

by on Jun.28, 2018

Dodge boss Steve Beahm with the 2019 Dodge Challenger ScatPack discussed the brand's future.

During a daylong session in Milan, Italy, earlier this month, Fiat Chrysler Automobiles’ senior management team offered an in-depth look at the company’s next five-year plan – but they focused all but exclusively on four global FCA brands: Jeep, Ram, Alfa Romeo and Maserati, raising more questions than answers about the company’s two other U.S. divisions, Chrysler and Dodge.

While the fate of the Chrysler brand appears to be far from certain, there’s far more opportunity for Dodge, it appears, albeit as a niche brand increasingly focused on muscle.

We Keep You In the Know!

“Any vehicle in the Dodge brand going forward will have a performance element to it,” said Steve Beahm, the head of Dodge and the other U.S. passenger car brands, in a conversation with TheDetroitBureau.com. (more…)

инстафорекс личный кабинет

ссылка majbutne.com.ua

Наш авторитетный веб портал на тематику торговые стеллажи.