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Marchionne gains $13 million with stock sale after Ferrari deal
2014-11-04 22:22:10| Industrial Machines - 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.
Marchionne Promises Not To "Screw Up" Ferrari DNA Despite Increasing Production
2014-10-15 12:48:06| Automakers - Topix.net
Almost immediately after it was announced that current Fiat Chrysler Automobiles CEO Sergio Marchionne would be replacing longstanding Ferrari chairman Luca di Montezemolo , there were fears production would be ramped up and the exclusivity of the brand tarnished. It was a policy of di Montezemolo to limit Ferrari sales to around 7,000 annually to preserve the brand's exclusivity and raise prices of both new and used models, but Marchionne is of the belief that strong demand from the growing number of millionaires and billionaires around the world should be met.
Tags: production
increasing
dna
ferrari
Sergio Marchionne to call it quits at Chrysler, Fiat by end of 2018 to 'do something else'
2014-10-08 15:50:11| Automakers - Topix.net
Sergio Marchionne, CEO of Fiat and Chrysler, will reportedly call it quits at the end of 2018 and "undoubtedly do something else." That's what the 62-year-old Marchionne told Bloomberg in a story that posted on Bloomberg's website on Wednesday morning.
Ferrari will build more cars with Marchionne as chairman
2014-09-12 07:34:50| Automakers - Topix.net
Ferrari will build more cars than previously planned after Sergio Marchionne, CEO of parent Fiat Chrysler Automobiles, takes the top job at the supercar maker next month. The plan contrasts with the strategy of Luca Cordero di Montezemolo, who announced his resignation as Ferrari chairman on Wednesday after 23 years following a clash with Marchionne.
Tags: cars
build
chairman
ferrari
Fiat's Marchionne sticks to 2014 guidance
2014-09-11 17:12:02| Automakers - Topix.net
Fiat Chrysler Automobiles CEO Sergio Marchionne said today that he saw no reason at present to review the carmaker's 2014 financial guidance despite weakness in Europe and Latin America. "I have no [basis for] suggesting I won't [meet guidance]," Marchionne told reporters during an event, adding that Fiat traditionally only reviews its guidance once the third quarter is over.
Tags: guidance
sticks
marchionne
fiats
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