CEO says Fiat will stay in Italy

ROME, March 30 (UPI) -- Fiat Chief Executive Officer Sergio Marchionne said the company would remain in Italy, settling an issue that had unions in an uproar.

Strike closes 3 Fiat plants in Italy

ROME, March 17 (UPI) -- Carmaker Fiat said it shut down three of its five plants in Italy because of a truckers' strike that impeded delivery of parts and finished vehicles.

Chrysler's Marchionne skipped pay again

AUBURN HILLS, Mich., March 7 (UPI) -- Chrysler Group Chief Executive Officer Sergio Marchionne worked without compensation in 2011, the second straight year he has done so, company documents reveal.
Chrysler backs off of R&D loans

Chrysler backs off of R&D loans

AUBURN HILLS, Mich., Feb. 17 (UPI) -- U.S. automaker Chrysler said that it would cancel its federal loan applications for alternative-energy vehicle development, citing too many strings attached.
Chrysler to pay bonuses a month early

Chrysler to pay bonuses a month early

AUBURN HILLS, Mich., Feb. 7 (UPI) -- Chrysler Group Chief Executive Officer Sergio Marchionne said bonus checks would arrive early this year following the first company profit in 15 years.

'Halftime in America' back on YouTube

AUBURN HILLS, Mich., Feb. 6 (UPI) -- A spokesman from the National Football League denied the organization had asked Google to remove from YouTube an "Imported from Detroit" ad from Chrysler.
Obama praises U.S. auto comeback

Obama praises U.S. auto comeback

U.S. President Barack Obama spent about 25 minutes at the Washington Auto Show last week to kick some tires and make some political points highlighting the industry's turnaround.
AL SWANSON, United Press International

Chrysler poised to hire

AUBURN HILLS, Mich., Jan. 28 (UPI) -- Chrysler Group LLC is set to hire 1,600 workers in Illinois, sources told the Chicago Tribune.
Marchionne open to headquarters talk

Marchionne open to headquarters talk

ROME, Jan. 13 (UPI) -- Fiat Chief Executive Officer Sergio Marchionne said he would meet with Italy's labor minister to discuss the future location of a Chrysler-Fiat headquarters.

Chrysler chief: Europe 'playing with fire'

DETROIT, Jan. 11 (UPI) -- European leaders working through the eurozone debt crisis are "playing with fire," and imprudence will have global effects, Chrysler Group LLC's chairman said.
Fiat's loyalty to Italy questioned

Fiat's loyalty to Italy questioned

TURIN, Italy, Jan. 9 (UPI) -- The headquarters for a merged Fiat and Chrysler company could be in the United States, Latin America or Europe, the head of the company said.
Green auto jobs become political football

Green auto jobs become political football

The bipartisan compromise reached in the Senate last week to end the possibility of a U.S. government shutdown is good news for the auto industry.
AL SWANSON, United Press International

UAW, Chrysler extend contract

DETROIT, Sept. 21 (UPI) -- The United Auto Workers said Wednesday it has agreed to a contract extension with Chrysler Group LLC, based in Dearborn, Mich.

UPI NewsTrack Business

Central banks hit a nerve, boosting stocks ... Auto talks inconclusive at deadline ... CPI up 0.4 percent July to August ... Default notices up 33 percent in August ... News from United Press International.

Auto talks inconclusive at deadline

DETROIT, Sept. 15 (UPI) -- Two automakers in Detroit agreed to extend the contract that expired Wednesday night and a third may be close to a new contract, the Detroit Free Press said.
Page 3 of 6
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

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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