GM, Chrysler: New leaders on two tracks

GM, Chrysler: New leaders on two tracks

DETROIT, Dec. 7 (UPI) -- New leaders at General Motors Co. and Chrysler Group face very different challenges, U.S. auto industry analysts said.

Chrysler switches electric front-runner

AUBURN HILLS, Mich., Nov. 10 (UPI) -- Chrysler Group said its Dodge Circuit sports car would no longer be the U.S. automaker's first all-electricity-powered vehicle.
Chrysler talks up a five-year plan

Chrysler talks up a five-year plan

AUBURN HILLS, Mich., Nov. 4 (UPI) -- U.S. automaker Chrysler said Wednesday it had more cash on hand than it did at the end of June as part of a day-long unveiling of its five-year business plan.
Chrysler plans to rehire some designers

Chrysler plans to rehire some designers

AUBURN HILLS, Mich., Sept. 24 (UPI) -- U.S. automaker Chrysler Group has tentative plans to rehire salaried workers and ask some to put in overtime, sources close to the company said.

Fiat CEO not giving up on Opel buy

TURIN, Italy, June 27 (UPI) -- Fiat chief executive Sergio Marchionne says he is still interested in acquiring the German automaker Opel.

Italy's Fiat stages remarkable turnaround

TURIN, Italy, May 17 (UPI) -- Italian automaker Fiat, dismissed as an economic basket case only a few years ago, has positioned itself as a car industry powerhouse, analysts says.
Fiat reaches for Opel

Fiat reaches for Opel

TURIN, Italy, May 5 (UPI) -- Italian automaker Fiat said it would continue to reach across borders as it pursues a deal to purchase General Motors Corp.'s European operations.

Fiat CEO to announce merger plans

ROME, May 3 (UPI) -- The chief executive of Fiat SpA will outline plans this week in Berlin for joining with Chrysler LLC and General Motors Europe, analysts said.

Fiat ready to approach GM

TURIN, Italy, April 24 (UPI) -- Fiat is expected to sign a letter of intent to buy most of General Motors Corp.'s European subsidiaries Opel and Vauxhall, sources told Der Spiegel.

Fiat's CEO puts onus on unions

AUBURN HILLS, Mich., April 15 (UPI) -- Fiat SpA Chief Executive Officer Sergio Marchionne said he would walk away from a deal with U.S. automaker Chrysler LLC if unions did not make concessions.

Fiat sees better times ahead

TURIN, Italy, March 27 (UPI) -- Fiat Chief Executive Officer Sergio Marchionne said the Italian auto company had come through the worst of the current economic downturn.

Fiat says U.S. loans will stay in U.S.

GENEVA, Switzerland, March 3 (UPI) -- Fiat Chief Executive Officer Sergio Marchionne says U.S. government loans made to Chrysler LLC would stay with Chrysler.

Fiat CEO: Consolidation wave coming

TURIN, Italy, Dec. 6 (UPI) -- The worldwide automobile manufacturing sector will shrink because of the global economic crisis, the chief executive of Italy's Fiat says.

European carmakers to raise prices

TURIN, Italy, July 6 (UPI) -- Four European carmakers are raising sticker prices for their new cars amid rising costs for raw materials, manufacturers say.

Fiat investing in Serbian automaker

TURIN, Italy, May 1 (UPI) -- Italian automaker Fiat is buying a 70-percent stake in Zastava, the Serbian car maker, for $1.09 billion.
Page 5 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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