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Showing results for tags 'Italy'.
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Fiat Chrysler Automobiles' CEO Sergio Marchionne will be making one final move before his retirement - ending production of mass-market vehicles in Italy. Sources tell Bloomberg that on June 1st, Marchionne will unveil a plan that will see the end of production for the Alfa Romeo MiTo and Fiat Punto to make way for more upscale models. Fiat's historic plant in Turin will be retooled to build a new smaller Maserati SUV alongside the Levante. Another plant nearby Naples will be home to a small Jeep SUV after production of the Fiat Panda moves to Poland. It should be noted that the plan isn't finalized and details could change. FCA declined to comment when reached by Bloomberg. Part of the reason for the change comes down to Marchionne's belief that there is no future in building affordable cars in high-wage European countries. The report also mentions that FCA will be cutting Fiat's lineup to just the 500 and Panda in the future Source: Bloomberg -
Fiat Chrysler Automobiles' CEO Sergio Marchionne will be making one final move before his retirement - ending production of mass-market vehicles in Italy. Sources tell Bloomberg that on June 1st, Marchionne will unveil a plan that will see the end of production for the Alfa Romeo MiTo and Fiat Punto to make way for more upscale models. Fiat's historic plant in Turin will be retooled to build a new smaller Maserati SUV alongside the Levante. Another plant nearby Naples will be home to a small Jeep SUV after production of the Fiat Panda moves to Poland. It should be noted that the plan isn't finalized and details could change. FCA declined to comment when reached by Bloomberg. Part of the reason for the change comes down to Marchionne's belief that there is no future in building affordable cars in high-wage European countries. The report also mentions that FCA will be cutting Fiat's lineup to just the 500 and Panda in the future Source: Bloomberg View full article -
Rumorpile: Next-Generation Dodge Journey Could Be Built In Italy
William Maley posted an article in Dodge
Back in April, we reported that the current Dodge Journey would soldier on for another two years due to a change in strategy in FCA's passenger car lineup - outsourcing production of the Chrysler 200 and Dodge Dart. This caused plans for the next-generation Journey - due sometime this year - to be pushed back. Now, a possible new plan for the Journey has come to light. Automotive News has learned from supplier sources that FCA will shift Journey production from Mexico to Italy when the crossover is redesigned for the 2019 model year. Why Italy? Sources explain that the Journey will share the platform underpinning the Alfa Romeo Giulia, meaning a transition from front-wheel to rear-wheel drive. With production moving to Italy, this would free up production capacity at FCA's North American plants where more trucks and SUVs can be produced. Source: Automotive News (Subscription Required) -
Back in April, we reported that the current Dodge Journey would soldier on for another two years due to a change in strategy in FCA's passenger car lineup - outsourcing production of the Chrysler 200 and Dodge Dart. This caused plans for the next-generation Journey - due sometime this year - to be pushed back. Now, a possible new plan for the Journey has come to light. Automotive News has learned from supplier sources that FCA will shift Journey production from Mexico to Italy when the crossover is redesigned for the 2019 model year. Why Italy? Sources explain that the Journey will share the platform underpinning the Alfa Romeo Giulia, meaning a transition from front-wheel to rear-wheel drive. With production moving to Italy, this would free up production capacity at FCA's North American plants where more trucks and SUVs can be produced. Source: Automotive News (Subscription Required) View full article
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William Maley Staff Writer - CheersandGears.com September 16, 2012 File this under the 'what are they thinking' file. According to Automotive News Europe, the Italian Industry Ministry is in continuing discussions with different potential buyers in the assets of De Tomaso. Yes, the same company name who brought you the Pantera back in the seventies. Back in 2011, the revitalized company showed a concept called the SLS, which looked like to be a BMW 5-Series GT with a bit of Italian flair. Production of that model would begin soon at a former Pininfarina plant outside of Turin. Except it didn't. De Tomaso was losing money and was soon announced that investment group in China would purchase the company. That deal would soon collapse and De Tomaso would file for bankruptcy in July. That was soon followed by the arrest of chairman Gian Mario Rossignolo on charges of improper use of funding. Since that time, the Italian Industry Ministry has been looking for a buyer to pick up the assets. One the buyers interested in reportedly buying the assets is BMW. "We had confirmation that talks with possible Italian partners [who would buy the structural assets] and with BMW continue," said Giuseppe Anfuso, Turin secretary of the UILM trade union in a statement. We're not quite sure why BMW is interested in De Tomaso, but stranger things have happened. Source: Automotive News Europe (Subscription Required) William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster. View full article
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William Maley Staff Writer - CheersandGears.com September 16, 2012 File this under the 'what are they thinking' file. According to Automotive News Europe, the Italian Industry Ministry is in continuing discussions with different potential buyers in the assets of De Tomaso. Yes, the same company name who brought you the Pantera back in the seventies. Back in 2011, the revitalized company showed a concept called the SLS, which looked like to be a BMW 5-Series GT with a bit of Italian flair. Production of that model would begin soon at a former Pininfarina plant outside of Turin. Except it didn't. De Tomaso was losing money and was soon announced that investment group in China would purchase the company. That deal would soon collapse and De Tomaso would file for bankruptcy in July. That was soon followed by the arrest of chairman Gian Mario Rossignolo on charges of improper use of funding. Since that time, the Italian Industry Ministry has been looking for a buyer to pick up the assets. One the buyers interested in reportedly buying the assets is BMW. "We had confirmation that talks with possible Italian partners [who would buy the structural assets] and with BMW continue," said Giuseppe Anfuso, Turin secretary of the UILM trade union in a statement. We're not quite sure why BMW is interested in De Tomaso, but stranger things have happened. Source: Automotive News Europe (Subscription Required) William Maley is a staff writer for Cheers & Gears. He can be reached at [email protected] or you can follow him on twitter at @realmudmonster.
