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Markets close mixed ... Response to $6B bank losses expected soon ... CEO: Chrysler on a roll, can't stop now ... Former Nortel executives acquitted ... News from United Press International.
CEO: Chrysler on a roll, can't stop now

CEO: Chrysler on a roll, can't stop now

DETROIT, Jan. 14 (UPI) -- Chrysler's Truck of the Year win at the 2013 auto show in Detroit does not signify it was time to rest, the company's top executive said Monday.
Ford takes a dive in CR reliability survey, Toyota rules

Ford takes a dive in CR reliability survey, Toyota rules

Ford's high-tech touch screens and dual-clutch transmissions sank the U.S. automaker in the latest Consumer Reports reliability survey, but hybrid and all-electric vehicles fared well.
AL SWANSON, UPI Auto Writer
Chrysler exec slams Trump on China tweet

Chrysler exec slams Trump on China tweet

DETROIT, Nov. 3 (UPI) -- A Chrysler executive has apologized for his language but stands by a tweet calling out Donald Trump for saying U.S. Jeep production is moving to China.
Biden: Romney auto ad 'outrageous lie'

Biden: Romney auto ad 'outrageous lie'

SARASOTA, Fla., Oct. 31 (UPI) -- Vice President Joe Biden joined auto executives and fact checkers in criticizing a Romney campaign ad, telling voters in Florida the ad is an "outrageous lie."

Marchionne lays out future of Fiat

MILAN, Italy, Oct. 30 (UPI) -- Fiat's top executive, Sergio Marchionne, Tuesday sketched out his vision for overhauling the Italian automaker to position it for the future.
GM: Gap between Romney ad and 'reality'

GM: Gap between Romney ad and 'reality'

DETROIT, Oct. 30 (UPI) -- A General Motors Co. spokesman said a Romney campaign ad in Ohio shows there are "Hubble telescope-length distances between campaign ads and reality."

GM denies Opel is for sale

ROME, Oct. 5 (UPI) -- General Motors said Friday that it was not shopping for a new owner for its European brand Opel.

Marchionne says Alfa Romeo is not for sale

TURIN, Italy, Sept. 24 (UPI) -- Fiat Chief Executive Officer Sergio Marchionne said Monday the company's marque niche brand Alfa Romeo is not for sale.
CAW on a roll

CAW on a roll

The United Auto Workers union is certainly taking note of developments in Canada, where talks with General Motors and Ford have achieved tentative deals with employees.
ANTHONY HALL, United Press International

Canadian auto workers mull strike

OTTAWA, Sept. 17 (UPI) -- Canadian auto workers could strike all three U.S. auto companies as of midnight, the president of the Canadian Auto Workers union has warned.
Do ‘active’ safety systems cut insurance claims?

Do ‘active’ safety systems cut insurance claims?

CHICAGO, July 8 (UPI) -- The Highway Loss Data Institute has found a wave of high-tech systems that can warn drivers of imminent crashes and headlamps that pivot to illuminate around corners reduce accidents.
AL SWANSON, UPI Senior Automotive Correspondent
Europe's auto capacity may be too high

Europe's auto capacity may be too high

DETROIT, June 14 (UPI) -- An auto industry expert said automakers in Europe need to reduce production capacity in order to stay competitive.
New or Used?

New or Used?

If you're in the market for a car or truck it might make more sense to consider a new vehicle this year rather than a used one.
AL SWANSON, United Press International

Automakers confront resin supply issue

DETROIT, April 24 (UPI) -- An automobile trade group in Michigan said six manufacturers had agreed to seek a quick replacement for a critical resin that could soon be hard to find.
Page 2 of 6
Photos
Sergio Marchionne
CEO of Fiat and Chrysler Sergio Marchionne speaks before a luncheon meeting on the outlook for the auto industry and the trade and investment relationship between the United States and Europe at the Peterson Institute for International Economics in Washington on December 7, 2009. UPI/Madeline Marshall
Wiki

Sergio Marchionne (born June 17, 1952 in Chieti, Italy) is an international manager best known for his turnaround of the Italian automotive group Fiat and, more recently, for managing the US automotive group Chrysler from bankruptcy to profitability. Marchionne currently holds several roles of major importance, including serving as CEO of Fiat S.p.A., Chairman and CEO of Chrysler Group LLC, and Chairman of Fiat Industrial S.p.A. and its principal subsidiary CNH. He has also served two consecutive terms as Chairman of the European Automobile Manufacturers Association (first elected in January 2006). He is the Chairman of Swiss-based SGS and was a member of the Board of Directors of the global banking group UBS for a number of years up to 2010, appointed Vice Chairman (non-executive) in February 2008.

Marchionne is widely recognized for turning around Fiat Group to become one of the fastest growing companies in the auto industry, returning it to profitability in 2006 less than two years after taking the helm. In 2009, he was instrumental in Fiat Group forming a strategic alliance with the ailing US automaker Chrysler, with the support of the US and Canadian governments and trade unions. Less than 2 years later, following its emergence from Chapter 11, Chrysler returned to profitability (Q1 2011) and repaid all government loans (May 2011). Under Marchionne's leadership, Fiat and Chrysler have come together to create a leading global player in the automobile sector, leveraging the product portfolios, purchasing power and distribution capabilities of both partners.

In addition to returning Italy's number one industrial group to financial health, Marchionne has also been a major protagonist for change in industrial relations in Italy, with the model established at several group plants precipitating a shift (including legislative) toward the practice of regional and local bargaining over the traditional model of national agreements.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Sergio Marchionne."
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