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Marchionne ready to take over as Ferrari CEO before IPO: sources

2015-08-27 18:31:03| Automakers - Topix.net

Fiat Chrysler chief Sergio Marchionne is preparing to take over as chief executive at Ferrari ahead of the Italian luxury sports car maker's planned initial public offering later this year, two sources said on Thursday. Ferrari CEO Amedeo Felisa, who took over as Ferrari CEO in 2008, is expected to step down ahead of the IPO, the sources said.

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Maserati's profits will recover with Levante SUV, Marchionne says

2015-08-01 10:04:11| Automakers - Topix.net

Maserati's first SUV, the Levante, will be based on the Kubang concept, shown, unveiled at the 2011 Frankfurt auto show. TURIN -- Maserati's profits will recover when the brand launches its first SUV next year, Fiat Chrysler Automobiles CEO Sergio Marchionne said.

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2. Marchionne wants UAW to embrace flexible pay as talks begin

2015-07-15 09:22:44| Automakers - Topix.net

Fiat Chrysler CEO Sergio Marchionne, speaking today at the ceremonial opening of labor negotiations with the UAW, said pay increases for workers should come in the form of profit-sharing and other flexible compensation to avoid locking in higher costs during an industry downturn. Marchionne also stressed that he contemplated no reduction in the company's blue-collar workforce in the event FCA merges with another automaker to help reduce redundant product development costs.

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1. Marchionne bets Maserati can replace Ferrari as a prestige profit driver

2015-07-09 00:10:05| Automakers - Topix.net

Fiat is spinning off Ferrari later this year, losing its top luxury brand. CEO Sergio Marchionne badly needs Maserati to fill the vacuum.

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Ferrari worth over $11 billion, says Marchionne ahead of IPO

2015-07-06 17:44:07| Automakers - Topix.net

We all know that cars from Ferrari sell for hundreds of thousands, if not millions of dollars. But how much is Ferrari worth as a company? At least ten billion, according to its chairman.

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