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Top related persons:
Sergio Marchionne - 5 Stellantis - 3 Carlos Tavares - 3 bender - 2 Adam Jonas - 2 Marchionne - 2 Joe Hinrichs - 2 Rebecca Evans - 2
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Fiat Chrysler - 4 DETROIT - 3 Chrysler - 3 Volkswagen - 3 Fiat - 3 French - 3 PSA Groupe - 3 General Motors - 2

Search resuls for: "Sergio Marchionne"


6 mentions found


☆ The auto industry is pulling back on its 'capital junkie' tendencies after unprecedented spending on EVs, self-driving
  + stars: | 2024-11-25 | by ( Michael Wayland | ) www.nbcnews.com   time to read: +12 min
It’s a “capital junkie” that’s been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. Capital junkieThe latest cost-cutting cycle comes nearly a decade after an infamous Wall Street presentation by late-Fiat Chrysler CEO Sergio Marchionne called “Confessions of a Capital Junkie.” The April 2015 report highlighted the industry’s massive capital spending on overlapping or niche products that Marchionne was convinced could be solved through consolidation and shared capital spending. That’s shareholder money.”Most capital spending by automakers isn’t wasted, but the industry isn’t as efficient as other sectors, with minimal return on invested capital. While losing ground in China, GM has been among the most aggressive in spending on EVs and self-driving vehicles. GM and Hyundai this summer entered into an agreement to explore “future collaboration across key strategic areas” in an effort to reduce capital spending and increase efficiencies.
Persons: ” that’s, bender, ” Morgan Stanley, Adam Jonas, It’s, Sergio Marchionne, Marchionne, ” Jonas, Sergio, Joe Hinrichs, ”, Hinrichs, isn’t, “ We’ve, Rebecca Evans, Roland Berger, “, Ford, Peter Rawlinson, “ We’re, Oliver Blume, ” Blume, Paul Jacobson, ” Jacobson, Rivian, ” Marchionne, don’t, codevelop, Stellantis, —, Carlos Tavares, Bernstein, Daniel Roeska, Tavares, ” Tavares Organizations: DETROIT, General Motors, Ford, Nissan Motor, Volkswagen Group, Chrysler, Companies, Research, GM, Volkswagen, Toyota Motor, Fiat, Rivian, Lucid, Fiat Chrysler, Rivian Automotive, Hyundai Motor, Toyota, CSX, ”, Rehab, Nissan, EV, CNBC, VW, Reuters, Honda, BMW, SAIC, Barclays, Saudi, Public Investment Fund, Hyundai, Detroit, French, PSA Groupe, PSA, “ Locations: Detroit, Japan, Germany, That’s, Europe, China, U.S, North America
☆ The auto industry is pulling back on its ‘capital junkie’ tendencies after unprecedented spending on EVs, self-driving
  + stars: | 2024-11-25 | by ( Michael Wayland | ) www.cnbc.com   time to read: +13 min
It's a "capital junkie" that's been on a yearslong binge of unprecedented spending on all-electric and autonomous vehicles. The April 2015 report highlighted the industry's massive capital spending on overlapping or niche products that Marchionne was convinced could be solved through consolidation and shared capital spending. Most capital spending by automakers isn't wasted, but the industry isn't as efficient as other sectors, with minimal return on invested capital. Stock Chart Icon Stock chart icon Stocks of GM, Ford and Chrysler parent Stellantis in 2024. Courtesy: Business WireGM and Hyundai this summer entered into an agreement to explore "future collaboration across key strategic areas" in an effort to reduce capital spending and increase efficiencies.
Persons: bender, Morgan Stanley, Adam Jonas, It's, Sergio Marchionne, Marchionne, Sergio Marchionne Brendan McDermid, Jonas, Joe Hinrichs, isn't, We've, Rebecca Evans, Roland Berger, Ford, Peter Rawlinson, Andrew Kelly, Oliver Blume, Blume, Paul Jacobson, Jacobson, Rivian, RJ Scaringe, Mary Barra, Euisun Chung, codevelop, Stellantis, —, Carlos Tavares, Oliver Bunic Organizations: General Motors, Ford, Nissan Motor, Volkswagen Group, Chrysler, Companies, Research, GM, Volkswagen, Toyota Motor, Fiat, Rivian, Lucid, Fiat Chrysler, Reuters, Rivian Automotive, Hyundai Motor, Toyota, CSX Corp, Rehab, Nissan, CNBC, Lucid Motors, Nasdaq, Churchill Capital Corp, Reuters Volkswagen, VW, Honda, BMW, SAIC, Barclays, Saudi, Public Investment Fund, Hyundai, Detroit, French, PSA Groupe, Stellantis NV, Bloomberg, Getty Locations: Casa Grande , Arizona, Detroit, Japan, Germany, That's, New York City , New York, Europe, China, U.S, Kragujevac, Serbia
☆ Dodge and Ram boss Tim Kuniskis, father of the Hellcat, to retire from Stellantis
  + stars: | 2024-05-17 | by ( Michael Wayland | ) www.cnbc.com   time to read: +3 min
Kuniskis will be replaced by Chrysler brand CEO Christine Feuell, who will lead Ram in addition to Chrysler, and Matt McAlear, who will be promoted from Dodge's sales lead to brand CEO and a member of Stellantis' top executive team. DETROIT – Stellantis ' Dodge and Ram brands CEO Tim Kuniskis is retiring after a nearly 32-year career with the automaker and its predecessors, the company announced Friday. I wish him well in his retirement," Stellantis CEO Carlos Tavares said in a release. "I am confident that Chris will continue the work of Tim in leading the iconic Ram brand. Matt will bring a fresh perspective, while continuing to draw on the heritage of our iconic Dodge brand and leading the transition of the brand toward a sustainable future."
Persons: Christine Feuell, Ram, Matt McAlear, Dodge, Tim Kuniskis, Tim, Carlos Tavares, Chris, Matt, Sergio Marchionne, Kuniskis, Mark Stewart Organizations: Chrysler, Challenger, Dodge, DETROIT, U.S, Fiat Chrysler, French, PSA Groupe, Goodyear Tire Locations: American, North America, Durango, South America, Asia, Pacific, China
☆ Stellantis resurrects small Fiat 500e EV for the U.S., starting at $34,095
  + stars: | 2023-12-05 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
DETROIT — Stellantis is resurrecting the all-electric Fiat 500e for the U.S. market, as the automaker begins to release electric vehicles domestically to meet tightening fuel economy regulations. The 500e will be the first all-electric vehicle offered in the U.S. by Stellantis since the company formed in 2021. At just over 3,000 pounds, Stellantis says the 500e is expected to be the lightest all-electric vehicle in the segment. The electric Fiat 500e as well as gas-powered models of the car were previously built at a factory in Mexico by Fiat Chrysler. A Fiat spokesman said additional 500e models will be available at Fiat dealerships in the future.
Persons: Stellantis, It's, it's, Sergio Marchionne, Bono, AIDS — Organizations: DETROIT, U.S, Stellantis, Fiat Chrysler, French PSA Group, 500e, AIDS, ONE, Fiat Locations: U.S, Italy, Mexico
☆ Alfa Romeo will stay in motorsport, yet to decide on F1
  + stars: | 2023-09-01 | by ( Alan Baldwin | ) www.reuters.com   time to read: +3 min
"I feel that I must stay in motorsport and I will stay in motorsport. We don’t want to be full (in) for Alfa Romeo. I will not go to Rally Raid and I will not go on WRC (world rally) for obvious reasons for the story of Alfa Romeo. Alfa are effectively title sponsors of Sauber, who run the team, under a deal driven by the late FIAT Chrysler boss Sergio Marchionne. "It was reasonable, it was sized at the height of Alfa Romeo and Sauber, it was not the dreaming contract.
Persons: Max Verstappen, Jennifer Lorenzini, Romeo, Jean, Philippe Imparato, Imparato, Alfa Romeo, Haas, Ferrari, Sergio Marchionne, Alan Baldwin, Toby Davis Organizations: Prix, Autodromo Nazionale Monza, Prix REUTERS, One, Sauber, Frenchman, Reuters, Audi, Volkswagen, Alfa, WRC, Maserati, FIAT Chrysler, FIA, Formula One Management, Netflix, Vegas, Motorsport, Thomson Locations: Monza, Italy, United States
☆ Automaker Stellantis hires ex-Adidas, grocery executive as CFO
  + stars: | 2023-04-19 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
Stellantis on Wednesday said it has hired the chief financial officer from global grocery company Ahold Delhaize to replace CFO Richard Palmer, who plans to leave the company at the end of June. Palmer will be succeeded by Natalie Knight, who has served as CFO at the Netherlands-based food retailer since early 2020. The automaker did not release details regarding why Palmer, who served as CFO through two major global mergers, is leaving the company. The resulting automaker then merged with French company PSA Groupe in 2021, forming Stellantis. Stellantis said Knight will be based at the company's U.S. headquarters in Auburn Hills, Michigan, "with extensive travel to Europe and the other regions."
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