We re-propose an article by Paolo Rebaudengo published in the Federmanager magazine which recounts the personal and professional life of Sergio Marchionne, the manager who saved Fiat starting from a new way of doing business
FCA Us had been accused of making false statements about diesel emissions relating to over 100 vehicles. But the funds had already been set aside and the stock is not affected
Cnh becomes more and more American with the cash acquisition of Raven Industries for a total value of 2,1 billion dollars. The transaction will have no impact on 2021 guidance but has strong strategic value, that's why
Marchionne's former right-hand man in FCA and former president of Ricordi, Altavilla has been indicated by the Mef - The ministry confirms its full confidence in CEO Fabio Lazzerini
Giovanni Agnelli, known as Gianni to distinguish him from the progenitor of the dynasty and generally known as the Avvocato, was born in Turin on 12 March 1921: he led Fiat from the mid-60s and was a point of reference in the country -…
The two companies, united in Stellantis since 2021, close the last financial year separately with better results for the French but which show a strong recovery of FCA in the fourth quarter of 2020.
In Fiat since 1987, Santo Ficili was responsible for the EMEA area of Mopar. He has now been appointed Country Manager of Stellantis in Italy
2020 closes with sales down 24,3% in Europe and 23,7% in the EU - For FCA registrations up in December, but the year ends with a -26%
The two houses, which will debut on the stock exchange on Monday 18 under the post-merger Stellantis brand, are going through a good moment: FCA stands out on the Ftse Mib while the French post a 2020 with a loss but with a clear relaunch in the second half.…
All holders of FCA ordinary shares will receive it at the close of trading on Friday 15 January 2021 - Excluding PSA members - Payment will take place on 29 January, here are the rules
FCA also ended up among the temporary victims of the shortage of semiconductor chips and shut down the Jeep and Chrysler plants in Mexico and Canada. Samsung is back from a golden 2020 and the capitalization of the chip giants…
The recovery of the pandemic in China and the Trump emergency cool the stock markets, but Asia is pawing - Buy back for American banks - The S&P agency improves the rating of FCA before the merger with PSA
INTERVIEW WITH GIUSEPPE BERTA, Professor of Economic History at Bocconi - "The merger between FCA and PSA is a necessary operation, but let us not delude ourselves because Europe, with the partial exception of Germany, is destined to undergo the change more than…
The extraordinary shareholders' meetings of FCA and PSA approve the merger from which the fourth global car group will be born and the Stock Exchange applauds - The unknown factor of the elections in Georgia weighs on Wall Street, which begins the year in the red and shuts down…
From today's marriage between Fiat Chrysler and Peugeot, the fourth global car group will be born, which will be chaired by John Elkann: 167 billion in turnover and 410 employees - Meanwhile, the Asian stock exchanges and Bitcoin are flying
The go-ahead comes following the commitment of the two groups to preserve competition in the small commercial vehicle market
The current FCA CEO will not leave the group after the merger with PSA, which will materialize by next spring: John Elkann clarified this in a letter sent to employees.
The new IoT digital services offered by Jeniot enrich the FCA group's offer of connected cars.
In exactly one month FCA will enter the orbit of Stellantis, the union with the French PSA. But this is not an acquisition: Carlos Tavares, a key figure in the operation which, from the failure of the FCA-Renault merger to the breakthrough with Peugeot, is preparing to enter the Olympus of…
Fiat Chrysler and Peugeot convene shareholders to give the green light to the wedding – EU Antitrust approval is still missing, but according to rumors it should arrive soon
The FCA Bank subsidiary will test the new LeasysGO! service until December. only among Turin employees, but in 2021 a fleet of 2.000 cars will also circulate in Rome, Milan, Barcelona and Lyon.
The Insurance division of the banking group has been awarded the management of the Fasif and Fisdaf supplementary funds. A total of 170.000 people are affected
The group has published its third quarter accounts: adjusted net profit up 21%, sales are holding up and the PSA operation is in the pipeline.
The two car manufacturers will create Stellantis, the fourth largest group in the world by volume. The green light from the EU Antitrust is near: closing confirmed by March 2021.
Rain of sales on the stock markets: especially heavy Wall Street and the German stock market weighed down by the collapse of SAP (-20%) - The possible EU green light to the FCA-PSA wedding instead gives shine to Elkann's stock
FCA at the top of the Ftse Mib in the wake of rumors that define the green light of the EU Antitrust for the merger with PSA as "obvious" - The go-ahead could arrive by the end of the year - Weak European stock exchanges due to the increase in infections and…
The accounts of the large groups but also the renewal of the Mediobanca board of directors with the unknown Del Vecchio at the center of the financial week - The anti-Covid vaccine is approaching
The Trump-Biden duel doesn't move the markets, but volatility remains high - Piazza Affari is looking above all at FCA's electric car, at the entry of a foreign investor in Saras, at the return to profit from luxury and at the banking risk
All European stock markets are up - Milan gains 1,7%: Bper (for technical reasons), FCA and Atlantia are flying - Pfizer announces that the anti-Covid vaccine could be approved at the end of November.
After an August to forget and nine months of sharp decline, car sales in the EU start to rise again in September - FCA beats the market - Positive sector on the Stock Exchange
According to the CEO of Leasys, Alberto Grippo, "the virus has led us to accelerate the development of increasingly efficient and flexible products, which give the mobility consumer maximum peace of mind at a time like this".
The Fiat brand regains market leadership in Brazil thanks to the Strada pick-up - After the collapse of recent months, numbers are also recovering in Italy and the United States
FCA and USA have announced the composition of the board of the new company - Andrea Agnelli enters the board of directors - Ira of the unions for the choice of Fiona Clare Cicconi as employee representative - Fim Cisl: "No one has consulted us".…
Thanks to investments in electrification, the group interrupts solidarity in the Turin pole, which thus returns to full employment
The market likes the new merger agreement between FCA and PSA, which rewards Elkann's car manufacturer
In the middle of the day, the Ftse Mib reaches the psychological threshold, dragged along by the Agnelli galaxy - The other European lists also did well, in the wake of the Zew index which is particularly optimistic on the German economy.
To deal with the effects of the pandemic, the two car manufacturers update the terms of the merger and above all lower the extraordinary dividend which will be distributed in cash to the shareholders before the wedding
Engie Eps is the partner entrusted with the technical construction of the plant. The new infrastructure has the objective of developing a bi-directional technology that will allow both charging the car and returning power to the electricity grid
The march of the 40 thousand of Fiat is considered the masterpiece of Cesare Romiti, who died at the age of 97, but to paint him only as the Cerberus who brings the union into line is to do wrong to a much more complex personality - The bond…
It's the dream of many workers who are passionate about outdoor sports: to drop everything to devote themselves to their favorite sport and live on it, even if they are not champions. We interviewed Giuseppe Casu, kitesurf instructor in Sardinia, who…
GM CEO Mary Barra has returned to office with a new lawsuit in the US but the Stock Exchange ignores her and awards Fiat Chrysler among the best in the Ftse Mib - Elkann collects the agreement on Partner Re
Even in Piazza Affari, in the wake of Frankfurt, industrial stocks are clearly recovering: FCA is close to an increase of 5% - MPS and Mediobanca suffer instead - Oro still at the top.
The automotive group saw its turnover halve and recorded a loss of 1 billion due to Covid but outside of Europe it has shown signs of vitality.
The French house, which will marry FCA in the first quarter of 2021, closes the first half with a declining but firmly positive net profit - Tavares: "Everything is proceeding according to schedule with FCA" - Open dialogue with…
The main innovations of the new "star" that will be born from the FCA-PSA merger concern home working and shared platforms - Tavares' plans and the news in France
Lighthouse on Atlantia, CDP will enter Autostrade with 33% - Asian stock exchanges down despite Chinese growth - Markets look to ECB meeting and EU Council
3 appliances were built in three months, against 125 per month in the pre-Covid period - Fiat Chrysler has made its Cento (Ferrara) plant available
Leap of 400% in 4 years: since 2016 electric vehicles in the world have gone from 1,5 to 7 million - In Italy, for the first time, hybrids surpass gas cars - New incentives are coming -…
Italian companies stock up on the necessary liquidity to offset the negative effects of the Covid-19 pandemic - From Leonardo to FCA, utilities are running for corporate bonds, but the big Americans are also in turmoil
The Italian-American company has set the price of senior note issues for a total of 3,5 billion
A day of achievements also in Piazza Affari (-0,37%) but Stm takes a leap forward and Snam and FCA keep the course - Tim and Mediobanca are suffering.
The FCA Group intends to issue bonds in Euros - Final terms will be determined by market conditions and will be listed on the Irish Stock Exchange
New yes to the FCA-PSA wedding: after the French assembly, today from Amsterdam it was the FCA members who gave the go-ahead - Elkann: "We will reach the goal by the first quarter of 2021" - Manley explains the possible synergies.
After the go-ahead from the PSA assembly today it's up to the Fiat shareholders to approve the marriage of the car - Meanwhile Consob says yes to Intesa's Ops on Ubi and Mps shines on the stock market for the launch of the bad bank - License to speculate…
After the go-ahead from the Court of Auditors and the MEF for the Sace guarantee, FCA signed the credit line with Intesa Sanpaolo - The resources will also be used for the Renegade and Compass hybrid in Termoli
According to the EU Antitrust, the merger could reduce competition in the van sector - FCA and PSA confirm wedding and timing: "We will finalize within the 1st quarter of 2021, collaboration with the authorities"
Barring unforeseen events, Brussels will decide to extend the investigation into the wedding of the century. The expectation of a Phase 2 investigation already partially discounted by the market - Here is the scenario in which John Elkann will have to operate
According to Acea data on Western Europe, since the beginning of the year the drop in registrations is equal to 42,8% in the EU, UK and EFTA - In May a negative record (-89%) for the United Kingdom, Italy (-49,6 %)
Merkel's 130 billion plan for industry pushes VolksWagen, BMW and Daimler but also infects French houses and FCA - Germany aims for technological supremacy with massive investments in electricity and support for hydrogen - Here are the new scenarios…
The auto group benefits from the maxi industrial recovery plan announced by Germany and the near go-ahead for the loan guaranteed by Sace, and is among the best in the Ftse Mib. But in the meantime it sets aside 58,7 million in taxes for the…
Paolo Carmassi is the new managing director, Alessandro Nasi will hold the position of president
Spotlight on stocks of automotive companies. The loan to Fiat, the rain of billions from Macron, the expectation of the Nissan plan give wings to a sector hard hit by the crisis but which the States want to save - Here they are all…
Good performance by Piazza Affari (+1,6%) on the day when Wall Street and the City are closed - The leaps forward of Leonardo, Cnh and FCA stand out - Amplifon and Terna also do well - Tomorrow Intesa decides on…
The placement of Btp Italia closes today for institutional investors, but the collection of retail savers has touched 14 billion - Oil at the top - Wall Street recovers its share and also pushes the European stock exchanges - Elkann confirms…
Btp Italia beyond all rosiest forecasts: tomorrow it's the institutional turn and the spread drops to 210 - Stock markets rebound in the wake of Wall Street
The president of Exor and FCA reassures investors as the controversy over the loan requested by the car group continues and shareholders see the maxi-dividend linked to the merger with the French in danger
According to Acea data, registrations in Europe fell by 78,3% in April, while in Italy the drop reaches 97,6% - For FCA -87,7%, Volkswagen -72,7%
No prejudices about state guarantees on loans to groups that have tax offices abroad such as FCA, provided that the company ensures the realization of investments in Italy and provided that state guarantees are given to the entire automotive supply chain, especially components
Wall Street is off to a good start and all European squares celebrate the end of the lockdown on the rise - FCA soars over 8% and avoids the controversy - Even oil raises its head
The controversies raised on the left over Sace's public guarantee for the Intesa loan for the Italian plants of FCA and the automotive SMEs do not slow down the race for the stock on the Stock Exchange, which is also joined by Ferrari, but not…
The Democratic Party rises up against the intentions of the premier and the Five Stars not to use the new Mes: "Do you prefer to raise taxes?" - But also the public guarantee from Sace on the Intesa loan to FCA for the Italian plants of…
After Covéa's turnaround and the failed sale of Partner Re, the Agnelli holding company falls on the stock market and raises its defences. The word now passes to the referees
Piazza Affari sharply up (+2%) like the other Stock Exchanges, thanks to the boost from oil but also to the positive surprise of Intesa Sanpaolo's accounts - The verdict of the German judges on the ECB, however, weighs on the spread and also on the euro.
The Covid-19 pandemic hits FCA hard - Revenues down, but EBIT is positive and available liquidity reaches 18,6 billion - Withdrawal of estimates for 2020 - Stock still on the rise
The American stock market, also supported by oil, rebounds in the wake of the high-tech giants - Europe with bated breath for the verdict of the German judges on ECB purchases - FCA accounts today
The new cold war between Trump and China upsets the markets, except for London - Piazza Affari loses more than 3%, overwhelmed by the vertical fall of CNH, Exor and FCA: Ferrari against the tide
The mobility company, controlled by FCA Bank, has launched the new app to manage the CarCloud service safely, guaranteeing car sanitation and even home delivery.
From Asia to Europe, price lists bet on a restart - But that's not enough to revive oil prices below $19 - Moncler goes up in Milan with luxury.
Due to the coronavirus effect, FCA sales in Europe fell by 74,5% in March - In Italy between the individual Lancia brands (-91,5%)
At the reopening of Piazza Affari all eyes on Generali and FCA - Chinese exports less negative than expected - Gold at a high - The oil deal does not warm up the markets - Argentina is heading towards its ninth default
When the factories reopen, each worker's fever will be measured before entering and all employees will be given a kit with two masks and a pair of gloves
While waiting for the Eurogroup, the Fed decides on a new robust aid package for the US economy for 2.300 billion dollars which encourages the markets - An agreement also in sight for OPEC on oil, whose prices have jumped by 10% -…
European lists look optimistically at the gradual reopening of activities - Automotive in strong recovery throughout Europe, the Exor galaxy shines - Leonardo and Buzzi are making progress - Spreads decreasing, oil recovering
Covid-19 slows down and European price lists catch their breath - Milan bets on the measures of the Liquidity decree - Cars recovering in Europe and FCA rises - Oil down after the postponement of Opec Plus
FCA on the shields in Piazza Affari driven by the rally in the European auto sector - On Friday the company communicated the postponement of the meeting and the consequent postponement of the resolution on the 1,1 billion coupon
A negative figure like that of March had never been recorded in over 100 years of motorization history - And by April the collapse will become even more serious: -60%
CEO Manley cuts his salary in half - Elkann and the Board of Directors will not receive compensation in 2020 - 20% salary deferral for employees - The group collaborates with Stare Engineering to produce ventilators in Italy and masks in the USA…
The cars will be provided to volunteers to deliver medicines, meals and basic necessities to citizens in difficulty and to facilitate the movement of healthcare personnel involved in the national emergency.
The health crisis and the consequent collapse of shares on the Stock Exchange could force a review of the financial bases and coupons of the merger between the two automotive groups. Meanwhile, Mitsubishi enters Renault
FCA has decided to convert one of its factories in Asia into the production of masks - Gucci will produce one million for the Tuscany region
After the European factories, Fiat Chrysler also blocks the North American ones to take anti-coronavirus measures - Meanwhile, the group obtains a new 300 million loan from the EIB
The Fed intervention is not enough to appease the markets and futures indicate a storm also for the opening of Wall Street - Falling oil - A flurry of suspensions in Milan - Breton (EU) estimates the decline in Europe's GDP at…
All the main Italian and two European plants will shut down due to the coronavirus emergency - Only the engine production plants will be open - Shutdown for Ferrari too
Fiat Chrysler launches the first temporary interventions to guarantee safety in 4 plants - Bentivogli (Fim Cisl): "Close factories that do not comply with the rules" - Pirelli slows down production in Settimo Torinese - Closures also for Decathlon, Coin,…
Leasys has acquired 100% of Aixia, expanding into the short-term rental sector in France - The operation will be completed by the end of March.
The Swiss federal council suspends all events with over a thousand participants until 15 March. Skip the most awaited event in the automotive sector
The American President announces a plan against the Chinese virus but fails to calm the stock markets - The rebound in Piazza Affari does not yet mark a turnaround despite the exploits of FCA, Tim and Saipem - Today auction…
The Milan Stock Exchange rears its head and gains over 1,5% thanks above all to the great leap of FCA and Saipem but also to the excellent performances of Telecom Italia and Recordati - Wall Street opens well, the others are more timid…
The Milan Stock Exchange recovers some confidence driven by the two Blue Chips - FCA also in rally, Ferragamo recovers - 6-month BOT rate at auction rises - European lists still down
A 70 cent dividend is on the way for FCA shareholders, while for PSA shareholders the coupon reaches 1,23 euros - The French group closes 2019 with better-than-expected numbers
