The CEO of FCA, Mike Manley announced the new team of managers who will have the task of leading the group and above all implementing the objectives contained in the five-year industrial plan presented on 1 June by Sergio Marchionne.
Particularly awaited was the appointment of Alfredo Altavilla's successor, resigned in late July after that the company had preferred Manley as CEO instead of Marchionne. The new chief operating officer of the EMEA area (Europe, Middle East and Africa) will be Peter Gorlier, 55 years old, from Turin, current CEO of Magneti Marelli and Mopar.
The chair of CEO of Magneti Marelli left vacant by Gorlier will instead be filled by Ermanno Ferrari who will also join the Group Executive Council.
For the other names: Harald Wester is the new coo of Maserati, Reid Bigland head of Ram Brand, Scott Garberding Chief Manufacturing Officer globally. Tim Kuniskis has instead been appointed head of Jeep Brand North America, but will also maintain the role of head of Alfa Romeo globally. Finally, Richard Schwarzwald was chosen as the "head of quality" globally.
In the letter sent to employees, Manley also pointed out the challenges that the group will face in the near future including tougher regulations, stiffer competition and, likely, slower industrial growth globally. “The next five years – reads the note – will continue to be extremely challenging for our sector. Nevertheless, thanks to the constant focus on objectives and the ability to adapt flexibly to changing circumstances, which is one of our distinguishing characteristics and qualities, we have a clear vision, which will allow us to achieve our five-year ambitions”.
At Piazza AffaFCA stock gains 3,29% galvanized by the new agreement on NAFTA (which also concerns the auto sector), but also by the upgrade of DBRS, which raised the company's rating to BB (high) from BB (low), with stable prospects, also reviewing the recovery rating on the Senior Unsecured Debt to RR3 from RR4, also in this case with stable prospects. The shares travel strongly on Wall Street, where they mark +3,63% at the opening.
Meanwhile, the Ministry of Transport announces that FCA recorded a drop in registrations in September equal to 40,3%, to 28.136 vehicles, against 47.155 in the same period last year. The group's market share in Italy fell from 26,98% in August to 22,5% in September.
In the January-September period, FCA registrations were 398.015.
In September, Fiat's sales fell by 43,18% year-on-year to 18.724 units, with a market share down to 14,98%, while those of Alfa Romeo slipped by 63,02% to 1.605 units, with a market share of 1,28%.
Registrations of the Chrysler/Jeep/Dodge brand decreased by 14,68% to 4.442 units, with a market share of 3,55%, while those of Lancia decreased by 27% to 72 units, with a market share of market by 3.365%.
