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Archive for the ‘Maserati’ Category

Fiat Chrysler Confidently Pays First-Ever Dividend

Payout marks optimism about rest of 2019 performance.

by on Apr.15, 2019

Fiat Chairman John Elkann told shareholders at the FCA annual meeting that he expected strong results in 2019.

The top executives of Fiat Chrysler Automobile N.V. delivered an upbeat assessment of the company’s future prospects during the company annual shareholder meeting in Amsterdam, agreeing to pay a dividend to shareholders for the first time since Fiat took effective control of the Chrysler Group in 2009 and brought it out of bankruptcy.

In the first shareholders gathering since the death of Sergio Marchionne, FCA’s longtime chief executive, it fell to John Elkann, Fiat’s chairman, to deliver an optimistic forecast for 2019 despite the drop in the company’s business in North America and the slowdown in the sales of Jeep, which has emerged as the company’s principal brand.

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Elkann, the representative of the founding Agnelli family, which has run Fiat for more than 100 years, told investors the Italo-American group was ready to play a part in the “new and exciting” era for the auto industry. (more…)

Image of Alfa Romeo’s 600hp GTV Coupe Leaks Out

Grand tourer will use E-Boost driveline.

by on Apr.02, 2019

An image snapped at an Alfa Romeo event offers a hint of what the upcoming GTV will look like.

Fiat Chrysler Automobiles has big plans for the Alfa Romeo brand, as it announced last June during a meeting in Milan to unveil its next five-year plan.

By 2022, the Italian marque is expected to have at least seven different models in its showrooms, including three crossovers. But don’t think Alfa is abandoning the classic sedans and coupes it has long been known for, as this leaked image indicates.

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According to the Club Alfa website which initially published the image, this is the Alfa GTV coupe, one of two extreme performance models that will rely on some form of hybrid powertrain to punch out a whopping 600 horsepower.

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Alfa Romeo Signals Plug-In Plans With Tonale Concept

Jeep Renegade-sized SUV a smaller alternative to current Alfa Stelvio.

by on Mar.05, 2019

The Alfa Romeo Tonale Concept will offer a plug-in hybrid driveline shared with Jeep.

Named after one of the most famous passes through the Italian side of the Alps, the Alfa Romeo Tonale provides a vista into the future of the brand as it both expands its line-up of SUVs and begins rolling out an array of battery-based vehicles.

Though the model that debuted today at the Geneva Motor Show is officially just a concept, the Jeep Renegade-sized crossover will soon join the Alfa line-up as a more compact alternative to the brand’s current Stelvio model.

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Tonale, meanwhile, highlights Alfa’s electrification plans. First outlined by Sergio Marchionne, the late CEO of parent Fiat Chrysler last June, Alfa plans to offer a wide array of battery-based offerings, including two plug-in hybrid halo cars.

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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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