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Archive for the ‘Maserati’ Category

Fiat Chrysler Chief Manley Shuffles Executive Team

Gorlier takes over supervision of European operations.

by on Oct.01, 2018

FCA CEO Mike Manley handed out new assignments to his executive team including naming Pietro Gorlier to COO with oversight of European operations.

After just about six weeks as CEO, Fiat Chrysler’s Mike Manley has shuffled the company’s top managers to his liking, with one appointment in particular drawing attention.

He announced the changes in an email sent to employees.

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“The next five years will continue to be extremely challenging for our industry, with tougher regulations, intense competition and probably slower industry growth around the world,” he wrote.  (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.

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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…)

First (Short) Drive: 2019 Maserati Levante GTS

Racing between the raindrops.

by on Jul.13, 2018

The new GTS is the second most powerful model in Maserati's GTS line-up.

What has been an otherwise hot and dry summer turned into a storm of almost biblical proportions as I headed up to the M1 Concourse near Pontiac, Michigan for a chance to check out the latest products from Maserati and sibling Italian brand Alfa Romeo. But almost as if on cue, the rain clouds briefly parted when I was handed the keys to the new Maserati Levante GTS for some lap time on the tight and twisty circuit.

There were plenty of skeptics when Maserati announced plans to get into the SUV game – as there were when Porsche revealed similar plans a decade earlier. But the Levante won over most of those naysayers when it made its debut two years ago, initially offering two versions powered by a twin-turbo 3.0-liter V-6. The GTS turns things up a notch.

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The latest version of Maserati’s first-ever sport-utility vehicle is, certainly on paper, an impressive piece of machinery, thrumming out 550 horsepower and 538 pound-feet of torque from its 3.8-liter twin-turbo V-6 – just a slight bit less than the Levante Trofeo first unveiled at the New York Auto Show last spring. That’s enough to launch the GTS from 0 to 60 in just 4 seconds – and to take a broadside at the Porsche Cayenne Turbo, destined to be its most direct competitor.

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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.

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“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…)

Alfa Romeo, Maserati Betting on Batteries to Build Global Demand

“Going after Tesla.”

by on Jun.28, 2018

The original concept version of the Maserati Alfieri. There will soon be all-electric versions of both the production coupe and convertible.

Things are looking blue at Maserati. Make that Maserati Blue, the name of the new brand-within-a-brand the Italian automaker plans to launch during the next several years that will help it target Tesla.

Like all global automotive manufacturers, Fiat Chrysler Automobiles will be pushing into electrification over the coming decade, and that includes FCA’s two high-line marques, Maserati and Alfa Romeo. But rather than focus on “compliance cars” meant to barely meet emissions and mileage regulations, the Italian brands are betting they can focus on the performance capabilities electric drivelines offer and actually command a price premium.

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Alfa, for example, is working up a 700-horsepower plug-in hybrid supercar. But it’s the more upscale Maserati that will make the broadest bet on electrification. “Everything gets electrified,” Maserati chief Tim Kuniskis told TheDetroitBureau.com during an exclusive interview. That includes four all-electric models that will be grouped together as the new Maserati Blue brand.

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What’s Fiat Chrysler Automobiles Without Fiat and Chrysler?

Two namesake brands will survive – barely, for now.

by on Jun.04, 2018

The Chrysler Pacifica may soon go it solo as the brand continues to shrink.

It’s been nearly a decade since struggling European automaker Fiat combined with the post-Chapter 11 Chrysler, and if the 5-year plan unveiled during a day-long meeting in Milan last week comes close to being accurate, the carmaker could be in for a “brighter future” than ever, according to John Elkann, the chairman of Fiat Chrysler Automobiles, and the heir to the Italian side of the company’s founders.

There’s just one problem: neither the Fiat nor Chrysler brands seem poised to share in the spoils. The Fiat Capital Day briefing focused all but exclusively on just four brands – Jeep, Ram, Alfa Romeo and Maserati – expected to dominate FCA’s future. For now, Fiat and Chrysler will survive, but in greatly diminished form, and observers question whether they’ll be around for the long-term.

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“There was enough doubt…about their future because they barely showed up in the presentations,” said Joe Phillippi, chief analyst with AutoTrends Consulting, after attending the day-long session at Alfa’ proving grounds near Milan. Fca’s management team “took pains to say (Fiat and Chrysler will have a future, at least in the near-term. But it will be up to the next management team to determine whether they will remain in the portfolio for the long-term.”

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FCA Maps Out a Self-Driving Strategy

Automaker teams up with Waymo, BMW and Aptiv, but carves out its own path.

by on Jun.01, 2018

A Waymo-modified Chrysler Pacifica Hybrid.

While there are a growing number of autonomous vehicle prototypes on the road these days, Waymo and Fiat Chrysler Automobiles made headlines when they announced, earlier this week, plans to direct as many as 62,000 Pacifica Hybrid minivans into the self-driving ride-sharing service the Google spin-off will launch later this year.

By some estimates, 20% or more of the miles Americans clock on the road will be in driverless vehicles operated by ride-sharing services like Waymo, Uber and Lyft by the end of the coming decade. Millions of motorists may opt to give up their personal vehicles and switch to those services. Millions more are expected to own their own autonomous vehicles.

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Until recently considered a laggard in the self-driving field, FCA has jumped in big, relying on partnerships with not only Waymo, but BMW and mega-supplier Aptiv. And that approach will not only help it to make up for lost time but give FCA several alternative paths to follow.

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FCA Planning to Plug In

After slow start, automaker reveals big plans for electrification.

by on Jun.01, 2018

The production version of this Maserati Alfieri concept will use an electrified drivetrain to launch from 0 to 60 in barely 2 seconds.

Sergio Marchionne isn’t much of a fan of battery power, or at least he hasn’t been until recently. When Fiat Chrysler Automobiles launched its first all-electric model, five years ago, the CEO actually urged motorists not to buy it, admitting FCA lost about $25,000 on every one of them.

But at the automaker’s “Capital Day,” in Milan on Friday, Marchionne and his management team were far more upbeat, announcing plans to add dozens of electrified vehicles – everything from mild hybrids to pure battery-electric vehicles – into the FCA line-up over the next give years.

Electrifying!

The economics still aren’t great, noted Mark Chernoby, the automaker’s head of technology compliance, but in an era of increasingly stringent emissions and mileage regulations, it’s the only real day to meet targets being set in markets as diverse as the U.S., Europe, China and Brazil. That’s all the more so as FCA continues to migrate from traditional sedans and coupes to the less efficient SUVs and CUVs that will overwhelmingly dominate its global line-up.

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More Products, More Volume, Bigger Margins: FCA Lays Out Aggressive, 5-Year Growth Plan

Morning presentation outlines plans for Jeep, Ram, Maserati and Alfa Romeo brands.

by on Jun.01, 2018

The Ram TRX will be among the new models FCA will bring out over the coming five years.

(This story has been revised to update plans for Jeep’s pickup and a midsize pickup from Ram that, CEO Marchionne now says will come to the U.S. market.)

In a sweeping presentation designed to give analysts, investors, media and potential buyers a good look at its future, Fiat Chrysler Automobiles executives are spending a day detailing their plans for the company and its various brands.

At the midway mark, as they break for lunch, they’ve already lifted the kimono far enough to show what’s coming for the Jeep, Ram, Maserati and Alfa Romeo brands and, in a nutshell, it can be summed up as more products targeting lots more volume and much bigger margins.

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The new five-year plan will be the last crafted under the guidance of Sergio Marchionne, the 65-year-old executive who helped pull off the pairing of two struggling manufacturers to form Fiat Chrysler Automobiles. His third five-year plan, Marchionne stressed that “The true finish line is the one always yet to come.”

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Fiat Chrysler Said to be Exiting Diesel Business on Car Side

Plan reportedly set to be announced in June.

by on Feb.26, 2018

FCA appears ready phase out diesels in all but pickups and Jeeps.

Fiat Chrysler Automobiles plans to end production of diesel-powered passenger cars by 2022, according to a newly published report, though it left open the possibility the automaker will continue offering the high-mileage technology in some of its trucks.

The plan is set to be announced in June as part of the broader five-year strategy the carmaker will unveil – about the same time it is expected to outline plans to replace the soon-to-retire CEO Sergio Marchionne.

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A phase-out of diesel production by FCA would not be entirely unexpected in the wake of the Volkswagen emissions cheating scandal sales of the technology has slumped in many markets, especially in Europe. And regulators in many places, including the city of Paris, are now considering diesel bans. Porsche last week announced its own plan to phase-out the technology. (more…)