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Fiat Chrysler Rises to Record as Marchionne Outlines Funding
2014-12-05 19:05:44| Automakers - Topix.net
Fiat Chrysler Automobiles NV touched the highest price since the carmaker's creation in October after Chief Executive Officer Sergio Marchionne formally began a stock and bond sale to boost cash by $3.7 billion euros. Fiat Chrysler is selling at least 87 million shares and a $2.5 billion mandatory convertible bond due in 2016, the London- based manufacturer said in a filing late yesterday.
Tags: record
funding
chrysler
fiat
Marchionne is Fiat Chrysler's miracle worker
2014-12-01 07:34:50| Automakers - Topix.net
Sergio Marchionne has been showered with accolades since 2009, when he saw potential in a demoralized Chrysler and crafted a strategic alliance with Fiat that saved the ailing U.S. automaker. His early moves were impressive -- such as overhauling Chrysler's vehicle lineup and putting a new focus on interiors and transmissions.
Tags: worker
fiat
miracle
marchionne
Feds chastise Marchionne over Jeep recall, only 13% repaired so far
2014-11-22 20:16:15| Automakers - Topix.net
Following the significant outcry surrounding the General Motors and Takata airbag safety crises this year, the National Highway Traffic Safety Administration seems to be taking a much more aggressive role in pushing owners to repair their recalled vehicles. In the agency's latest move, it's urging Jeep drivers to get their models fixed.
Chrysler's Marchionne told to give deposition in suit over Jeep fire
2014-11-16 12:00:47| Automakers - Topix.net
DETROIT -- A Georgia judge ordered Fiat Chrysler Automobiles CEO Sergio Marchionne to give a videotaped deposition in a lawsuit filed by the family of a child killed in a fiery Jeep crash. The family sued Chrysler in 2012 over the death of 4-year-old Remington Cole Walden.
Marchionne gains $13 million with stock sale after Ferrari deal
2014-11-05 01:47:20| Automakers - Topix.net
Fiat Chrysler Automobiles CEO Sergio Marchionne made about 10.7 million euros from a surge in the automaker's share price after he announced a plan to spin off Ferrari. Marchionne exercised options for 6.25 million Fiat Chrysler shares on Oct. 30 and sold that amount of shares by Oct. 31. He did the same for an equal amount of stock in CNH Industrial NV, the truck and tractor maker that was previously part of the Fiat group.
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