Sergio Marchionne News
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Fiat SpA’s deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. sparked concern among Italian unions and politicians about the plans of the country’s biggest manufacturer.
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Fiat SpA’s deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. sparked concern among Italian unions and politicians about the plans of the country’s biggest manufacturer.
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Euro-area exports increased for a third month in March as the currency bloc’s four largest economies all shipped more goods, adding to signs the region is beginning to emerge from a record-long recession.
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Tesla Motors Inc., the maker of electric cars run by billionaire Elon Musk, surged 24 percent after posting a first profit, beating estimates and earning a top evaluation for its Model S sedan from Consumer Reports.
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Ferrari SpA, the Italian supercar manufacturer owned by Fiat SpA, plans to reduce sales to fewer than 7,000 vehicles this year to “maintain the exclusivity” of the brand.
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Chrysler Group LLC, moving past costly rollouts of new Ram pickups and Jeep sport-utility vehicles, said production rebounded in April for the No. 3 U.S. automaker’s first monthly increase since November.
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Chrysler Group LLC, grappling with declining shipments and higher product costs, reaffirmed its full-year forecasts after reporting first-quarter net income dropped 65 percent.
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Fiat SpA, the Italian automaker that controls Chrysler Group LLC, said first-quarter profit fell 23 percent on costs for new Jeep model rollouts.
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For the first time in two decades, General Motors Co., Ford Motor Co. and Chrysler Group LLC pulled off a sweep in the first three months of a year, with all three gaining U.S. market share in 2013’s first quarter.
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Fiat Industrial SpA, the truck and tractor maker spun off from car manufacturer Fiat SpA in 2011, cut earnings and sales targets for 2013 as a recession in Europe led to a first-quarter loss at the Iveco vehicle unit.
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