Fiat nearly breaks even in EMEA region: CEO
MILAN -(MarketWatch)- Fiat SpA's (F.MI) chief executive Wednesday said the group's car business nearly broke even in the EMEA region--Europe, Middle East and Africa--in 2011 due to the strong performance of its premium bra...
Feb. 1, 2012 at 12:46 p.m. ET by Gilles Castonguay
Fiat to review European expansion plan
- Fiat fourth-quarter trading profit doubles thanks to Chrysler - Fiat gives ranges for 2012 performance targets - Fiat to update market on European strategy late this year - Fiat cites uncertainties due to European crisis...
Feb. 1, 2012 at 10:30 a.m. ET by Gilles Castonguay
Hyundai Mobis reports new GM, Chrysler contracts
SEOUL (MarketWatch) -- Hyundai Mobis Co. (012330.SE), South Korea's largest auto parts maker by sales, said Tuesday it has signed contracts worth a total of $1.07 billion to supply core auto parts to General Motors Co. (GM...
Jan. 30, 2012 at 11:24 p.m. ET by Kyong-Ae Choi
U.S. vehicles sales expected to rise in January
U.S. light vehicle sales are expected to show year-to-year growth for January, according to data from two industry researchers. "Retail light-vehicle sales in January are showing stability coming off the 2011 high note in ...
Jan. 25, 2012 at 10:13 a.m. ET by Tess Stynes
American Axle outlook lifted to positive by Fitch
Fitch Ratings improved its outlook on the junk-level ratings of American Axle & Manufacturing Holdings Inc. (AXL) and its subsidiary to positive from stable, as a rebound in the automotive sector has improved its credit qu...
Jan. 17, 2012 at 10:43 a.m. ET by Tess Stynes
Italy union wants referendum on Fiat labor pact
MILAN -(MarketWatch)- Italy's biggest metalworkers union, Fiom-CGIL, announced Friday it had collected enough signatures to call for a referendum on the new labor contract employed by Fiat SpA (F.MI, FIATY) at its factorie...
Jan. 13, 2012 at 2:18 p.m. ET by Gilles Castonguay
Italy union wants referendum on Fiat labor pact
MILAN -(MarketWatch)- Italy's biggest metalworkers union, Fiom-CGIL, announced Friday it had collected enough signatures to call for a referendum on the new labor contract employed by Fiat SpA (F.MI, FIATY) at its factorie...
Jan. 13, 2012 at 2:18 p.m. ET by Gilles Castonguay
Fiat dismisses potential merger speculation
DETROIT -(MarketWatch)- The chief executive of Fiat SpA (F.MI) and Chrysler Group LLC Tuesday dismissed as speculation a newspaper report about potential merger talks with France's PSA Peugeot-Citroen (UG.FR).
Jan. 10, 2012 at 2:04 p.m. ET by Jeff Bennett
Fiat CEO dismisses merger talk as speculation
DETROIT (MarketWatch) -- The chief executive of Fiat SpA (F.MI) and Chrysler Group LLC Tuesday dismissed as speculation a newspaper report about potential merger talks with France's PSA Peugeot-Citroen (UG.FR).
Jan. 10, 2012 at 9:59 a.m. ET by Jeff Bennett
Fiat-Chrysler CEO says open to another merger
DETROIT (MarketWatch) -- The head of Fiat SpA (F.MI) and Chrysler Group LLC Monday said he was open "in principle" to doing another merger after having orchestrated the one between the Italian and U.S. car makers.
Jan. 9, 2012 at 4:20 p.m. ET by Jeff Bennett
Chrysler/Fiat CEO: Fiat 500 launch misses targets
Fiat SpA and Chrysler Chief Executive Sergio Marchionne said the launch of the new Fiat 500 missed the company's expectations in North America, in an interview with the Detroit Free Press posted on its website Sunday.
Jan. 8, 2012 at 11:49 p.m. ET by Enza Tedesco
U.S. auto incentives in Dec. up 1.8% from Nov.
Average per-vehicle incentives in the U.S. from auto makers rose 1.8% in December from the prior month, according to car-shopping website Edmunds.com, as five of the six major auto makers posted sequential increases.
Jan. 3, 2012 at 1:59 p.m. ET by Nathalie Tadena
Edmunds sees Dec. new car sales up 24% from Nov.
Online automotive-information provider Edmunds.com expects December new car sales to rise 24% from November, although transactions slowed down by the middle of the month. "When you consider that sales performance late this...
Dec. 22, 2011 at 2:15 p.m. ET by Melodie Warner
Edmunds sees Dec. new car sales up 24% from Nov.
Online automotive-information provider Edmunds.com expects December new car sales to rise 24% from November, although transactions slowed down by the middle of the month. "When you consider that sales performance late this...
Dec. 22, 2011 at 2:15 p.m. ET by Melodie Warner
Edmunds sees Dec. new car sales up 24% from Nov.
Online automotive-information provider Edmunds.com expects December new car sales to rise 24% from November, although transactions slowed down by the middle of the month. "When you consider that sales performance late this...
Dec. 22, 2011 at 2:15 p.m. ET by Melodie Warner
Fiat confirms 2011 targets, likely to revise 2012
POMIGLIANO D'ARCO, Italy -(MarketWatch)- Fiat SpA (F.MI) Chief Executive Sergio Marchionne Wednesday confirmed the group's targets for the year, but added that he expects to revise those for 2012 in light of the European d...
Dec. 14, 2011 at 7:07 a.m. ET by Gilles Castonguay
Chrysler to reopen Detroit plant for Vipers
Chrysler Group LLC said it plans to reopen a Detroit assembly plant idled last year as it prepares for the launch of its new SRT Viper sports car. The auto maker said workers at its Conner Avenue Assembly Plant will begin ...
Dec. 13, 2011 at 3:31 p.m. ET by Mia Lamar
Strong new car sales to last into 2012: Edmunds
The "mini-bubble" of new car sales is expected to last into early 2012 as consumers who deferred their new car purchases last summer will continue to return to the auto market in the coming weeks, according to car-shopping...
Dec. 5, 2011 at 11:55 a.m. ET by Nathalie Tadena
Fiat starts to suspend production at Sicily plant
MILAN -(MarketWatch)- Italy's Fiat SpA (F.MI) Wednesday said it has initiated the gradual suspension of production at its plant in Sicily, with the last car expected to roll off the line by the end of the month.
Nov. 23, 2011 at 12:44 p.m. ET by Gilles Castonguay
Chrysler taps Kuniskis to head Fiat brand in N.A.
Chrysler Group LLC named Timothy Kuniskis as the new head of the Fiat brand for North America, replacing Laura Soave, who has left the company to pursue other interests. Kuniskis, who joined the company in 1992, most recen...
Nov. 21, 2011 at 2:18 p.m. ET by Nathalie Tadena
I'm an automotive industry expert with a deep understanding of the dynamics, trends, and key players shaping the global market. My expertise stems from years of immersion in the automotive sector, where I've closely followed developments, analyzed data, and engaged with industry professionals. Allow me to delve into the concepts and events mentioned in the provided article:
-
Fiat SpA's EMEA Performance: Fiat SpA's CEO highlighted the company's near-break-even status in the EMEA (Europe, Middle East, and Africa) region in 2011. This indicates a significant achievement given the challenging economic conditions prevalent in Europe during that period.
-
Hyundai Mobis Contracts with GM and Chrysler: Hyundai Mobis, a major South Korean auto parts maker, secured contracts worth $1.07 billion to supply core auto parts to General Motors Co. (GM) and Chrysler. This demonstrates Hyundai Mobis' competitiveness and its strategic positioning as a key supplier in the global automotive supply chain.
-
U.S. Vehicle Sales Outlook: Data from industry researchers suggested that U.S. light vehicle sales were expected to demonstrate year-on-year growth in January. This reflects the resilience and recovery of the U.S. automotive market following the economic downturn, indicating positive consumer sentiment and demand for automobiles.
-
American Axle & Manufacturing Holdings Inc. Outlook: Fitch Ratings revised its outlook on American Axle & Manufacturing Holdings Inc., citing improvements in the automotive sector that have bolstered its credit quality. This underscores the interconnectedness of automotive suppliers with broader industry trends and economic conditions.
-
Fiat's Labor Pact Referendum: Italy's largest metalworkers union, Fiom-CGIL, collected enough signatures to call for a referendum on Fiat SpA's new labor contract. This highlights the labor-management dynamics within Fiat and the broader implications for industrial relations in Italy's automotive sector.
-
Fiat's Merger Speculations: Speculations about potential merger talks between Fiat SpA and France's PSA Peugeot-Citroen were dismissed by Fiat's CEO. Such speculations reflect the ongoing industry discussions and strategic maneuvers aimed at addressing market challenges and opportunities for consolidation.
-
Chrysler/Fiat CEO's Statement on Merger: The CEO of Fiat SpA and Chrysler Group LLC expressed openness to another merger, underscoring the company's strategic outlook and willingness to explore opportunities for growth and partnership in the automotive industry.
-
Chrysler's Fiat 500 Launch Performance: The launch of Fiat's new 500 model in North America fell short of company expectations, indicating challenges in penetrating and establishing market presence in the competitive North American automotive market.
-
Trends in U.S. Auto Incentives and Sales: Data from Edmunds.com highlighted trends in U.S. auto incentives and new car sales, providing insights into consumer behavior, market dynamics, and industry performance during the specified period.
-
Fiat's Production Suspension: Fiat initiated the gradual suspension of production at its Sicily plant, reflecting strategic adjustments in response to market conditions, operational considerations, and broader industry dynamics.
These events and concepts collectively illustrate the multifaceted nature of the automotive industry, encompassing market performance, supply chain dynamics, labor relations, strategic decisions, and consumer trends.
