pennellotref

Credo sia inevitabile che gli ovini gli abbiano fatto pagare almeno un po' la condotta "esuberante" del suo amico di merenda, ossia il sire di Casette d'Ete. A seguito dei ripetuti strali da quest'ultimo lanciati, il buon Montezuma si è guardato bene dal "mediare".

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Comunque, per quanto riguarda l'ospitata dal "volatile" di ieri sera, trovo molto triste il passaggio dell'intervista in cui il Ciuffolo sostiene che Fiat sia un'azienda assemblatrice di macchine progettate da altri, nella fattispecie Detroit, in quanto a Torino non fanno ricerca e sviluppo, non avendone i mezzi. Aggiungendo che FCA è un gruppo americano con una chiara sede a Detroit, con tutti gli annessi ed i connessi, e due filiali satellite, ossia Torino e Belo Horizonte (volendo se ne è scordata una).

Ora io capisco che ti rode a morte - e magari un po' di ragione ce l'hai anche (e comunque la cacciata in malo modo te la sei andata a cercare), capisco che se potessi appenderesti Maglione a testa in giù per le palle (cit.)............ma affermare una cosa del genere è non solo una falsità - e tu stron..........o lo sai bene - ma soprattutto un'assoluta mancanza di rispetto nei riguardi di tutti coloro (ingegneri, tecnici e maestranze a tutti i livelli) che si stanno facendo un culo tanto per rispettare le tempistiche talvolta impossibili del Maglionato e non hanno la fortuna di disporre di un "volatile" col microfono in mano pronto a metterglielo sotto il muso, senza alcun contradditorio e senza la benchè minima parvenza di una domanda scomoda. Una condotta del genere, tenuta da un soggetto che in 23 anni di Ferrari non ha mai mancato occasione di lanciarsi - anche ieri - in lodi sperticate all'indirizzo degli "uomini e donne della Ferrari che hanno fatto, fanno e faranno la fortuna del marchio"...............beh................la trovo veramente inqualificabile !!!!!!

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Comunquemente e quantunquemente, su una cosa ha sicuramente ragione: la cosa è stata gestita dagli ovini con tutta l'eleganza di uno che scoreggia in ascensore.

P.S.: lo so.....non è in ascensore..........ma me piaceva la foto !!!!!!!!!

Ma la società "Dicembre" invece esiste ancora?

Esiste, esiste........ed Elkann, a quanto ne so, ne è l'azionista unico !

P.S. 1: schema da Wiki: composizione azionariato Giovanni Agnelli & Co.:

• ramo Agnelli, discendenti di Edoardo Agnelli e Virginia Bourbon del Monte:
  
  • 36,74% - eredi di Gianni Agnelli (quota detenuta dalla dicembre s.s. di John Elkann e Marella Agnelli);
    
  • 12,83% - Maria Sole Agnelli Teodorani;
    
  • 11,46% - eredi di Umberto Agnelli
    
  • 5,62% - eredi di Susanna Agnelli Rattazzi;
    
  • 0,30% - Clara Agnelli Nuvoletti;
    
  • 0,05% - Cristiana Agnelli;
    

  [*]ramo Nasi, discendenti di Carlo Nasi e Aniceta Agnelli:

  • 8,83% - eredi di Giovanni Nasi;
    
  • 8,08% - eredi di Laura Nasi Camerana;
    
  • 6,87% - Clara Nasi Ferrero de Gubernatis Ventimiglia;
    
  • 3,36% - eredi di Emanuele Nasi;
    

  [*]fiduciarie:

  • 5,85%.
    

P.S. 2: a quanto ne so, Marella Agnelli è stata liquidata.

Non c'entra niente di nuovo

Ma adesso anche "non c'entra niente" può essere inteso come offesa? Mah...

Vedila così: hai un sacco di soldi da spendere e hai sotto gli occhi due macchine: una bella ma dall'affidabilità ignota (FCAU), e un'altra bella e affidabile (uno stock qualsiasi in un'altro settore che è in crescita stabile). Quale scegli? I fondi fanno esattamente così, anche perché a meno che ci siano premi di mezzo, al fine manager non gli torna niente in tasca a rischiare inutilmente.

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Bravissimi! vediamo se i canali di news principali riprendono la notizia.

e bravissimi ad aver messo le 3 bandiere dei centri di FCA: Italia, USA e Brasile. Dell'ultimo molti giornalisti tendono a dimenticarsene quando scrivono di FCA, o lo trattano solo come un mercato da terzo mondo. La c'è un centro fatto e finito.

E difatti è proprio quella la parolina magica che spesso e volentieri incide, soprattutto quando la liquidità è a prezzi di saldo .

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Per chi è interessato, liveblog direttamente dal Nyse ad opera di America24, con foto e molto altro:

http://america24.com/news/fiat-chrysler-al-nyse-passaggio-simbolico-epocale

Maglione ed Elkann, sorvegliati dal guardiano Ranieri, durante la conferenza stampa all'interno del Nyse:

Qui di seguito potete vedere "Papa" Maglione che bacia i "pupi" prima d'entrare al Nyse:

E meno male che doveva arrivare a bordo di una Maser e basta !!!!!!!!

Megalomonne !!!!!!

P.S.per chi si chiedesse che fine ha fatto la bandiera italiana, la stessa era stata issata inizialmente per poi essere momentaneamente rimossa in quanto giudicata non sufficientemente stirata.

1: prima........

2: dopo...............

Se vi piace veder suonare le campanelle , al seguente link c'è la diretta:

NYSE Closing Bell on Livestream

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http://www.bloomberg.com/news/2014-10-12/fiat-chrysler-moves-to-nyse-in-challenge-to-detroit-two.html

[h=1]Fiat Chrysler Moves to NYSE in Challenge to Detroit Two[/h] By Mark Clothier and Madeline O’Leary Oct 13, 2014 5:22 PM GMT+0200

Oct. 13 (Bloomberg) -- Fiat-Chrysler begins trading on the New York Stock Exchange on Monday under the ticker FCA. The merged Italian-American company is looking to boost its status as the number-seven automobile manufacturer. Bloomberg's Sam Grobart takes a look at Chrysler's best and worst performing makes and models. Video by: Alyssa Zahler, Henry Gretzinger. (Source: Bloomberg) Fiat Chrysler Automobiles NV rose in its New York Stock Exchange debut, which gives U.S. investors more opportunity to tap into the growing global market for cars and trucks and to take a chance on a debt-burdened automaker.

The shares rose 1 percent to $8.91 at 11:17 a.m. New York time. Fiat Chrysler stock today moved to the NYSE from the Milan stock exchange and is trading under the FCAU ticker after closing on Oct. 10 at the equivalent of $8.76 a share. The new Fiat Chrysler, with ambitions to increase vehicles sales by almost 60 percent, will be legally registered in the Netherlands with a London headquarters.

The combination of Auburn Hills, Michigan-based Chrysler Group LLC with Turin, Italy-based Fiat SpA (F) forms the seventh-largest global automaker. It lacks a large presence in China and its debt load could impede growth by limiting further merger options. And yet Fiat Chrysler ranks No. 4 in the lucrative U.S. market, where it has increased sales for 4 1/2 years.

The company offers exotic sports cars by Ferrari and Maserati, efficient Fiats, and comfortable minivans. It also has Ram pickups and the iconic Jeep sport-utility vehicle brand to line up against U.S. rivals General Motors Co. (GM) and Ford Motor Co.

Photographer: Andrew Harrer/Bloomberg Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne said, “As a car... Read More

“As a car company, as a global producer of vehicles, I think we’re fully equivalent to the other Detroit two,” Chief Executive Officer Sergio Marchionne told reporters Oct. 10 in metro Detroit. “And the objective in coming to New York as a stock listing is really to get us evaluated and benchmarked against them.”

[h=2]Increased Visibility[/h] Being traded in New York increases Fiat Chrysler’s exposure to the financial community, said Joe Phillippi, president of AutoTrends Consulting. It gives U.S.-focused investors more opportunity to buy into the automaker Lee Iacocca once saved and that was salvaged out of bankruptcy in 2009 by Marchionne and Fiat.

“Trading in Milan dramatically limits interest. Trading in New York, in fact, opens up the company to retail investors, and probably to certain types of institutional investors, too,” Phillippi said by telephone. “A lot of people remember the Chrysler of the late ’80s and into the ’90s, when the stock did extraordinarily well on its own.”

Marchionne said last month that he sees the potential to create a new No. 1 in the auto industry. The capital required to develop and produce new vehicles will necessitate consolidation, he said.

[h=2]Little Flexibility[/h] Fiat Chrysler “will be ready to participate” in industry consolidation that might take place over the next five to 10 years “if it makes sense,” said Chairman John Elkann, 38, scion of the company’s founding Agnelli family. He hired Marchionne in 2004, when the Turin-based manufacturer was near bankruptcy.

For now, with Fiat Chrysler carrying $12.3 billion in industrial debt, major combinations aren’t realistic, said Richard Hilgert, an analyst with Morningstar Inc. (MORN) in Chicago.

“There’s no funding available to make purchases for the time being and the debt acts like a poison pill to any prospective buyers,” he said.

Fiat Chrysler combined is better able to compete with heavyweights such as GM, Volkswagen AG and Toyota Motor Corp. (7203) Marchionne said last month that the typical pre-listing road show for investors will take place later this year.

The automaker’s new board will meet in late October and evaluate its capital structure, including weighing the possibility of issuing new stock, Marchionne has said. The company filed Oct. 10 for a possible sale of shares held in treasury.

[h=2]Ambitious Plans[/h] Marchionne has ambitious plans for the combined company, aiming to increase net income fivefold to about $6.3 billion (5 billion euros) in 2018, backed by a $61 billion investment program that calls for more upscale vehicles and doubling worldwide Jeep sales by pushing the off-road brand beyond its American roots.

He sees Fiat Chrysler climbing a spot to sixth place in the global ranking by expanding sales. Fiat Chrysler has said it will sell 7 million cars in 2018, compared with last year’s 4.4 million. Ford is currently sixth-largest, with 6.3 million cars and trucks sold last year. CEO Mark Fields set a goal of increasing vehicle sales by more than 3 million by 2020.

Whether Fiat Chrysler can crack the top six, it’s a much stronger company now than either Fiat or Chrysler Group would be without teaming up.

[h=2]Improved Quality[/h] “Chrysler and Fiat together are very different than they were,” David Cole, chairman emeritus of the Center for Automotive Research in Ann Arbor, Michigan, said in an interview. “Just from a Chrysler perspective, the company has had very strong sales in the U.S. in recent months. A few years back, the quality of the product was suspect. But Chrysler has dramatically improved its products across the board.”

Investors are skeptical of Marchionne’s lofty targets. The shares fell 12 percent the day after Fiat Chrysler executives laid out what Marchionne said will be his last five-year plan. Of the 32 analysts who’ve followed the stock while it traded in Milan, 11 recommend buying it.

Among analysts’ concerns are the ability to expand Jeep in Europe and Asia and whether Alfa Romeo can become a luxury auto brand able to compete with top German makes: Mercedes, BMW and Audi.

[h=2]‘Starting Its Life’[/h] While Hilgert says the shares are under-valued and should trade for $18, he cautioned that the stock isn’t for everyone.

“Only investors willing to accept the risk of a turnaround company with a highly leveraged balance sheet, operating in an industry that is cyclical, capital-intense and highly competitive should consider owning the shares,” Hilgert wrote in a note to investors Oct. 9.

Marchionne, who saved Fiat 10 years ago, then Chrysler five years ago, said he’s looking forward to the growth that the combined company can achieve in what he has said will be his last five-year plan.

“FCA is starting its life on Monday,” he said Oct. 10. “Its future is just about ready to be written. Let us write it.”

Credo sia effetto ottico da prospettiva/telecamera

Credo si debba considerare l'immediatezza di coppia del comparto elettrico nonchè il migliore rapporto peso/potenza che in accelerazione da ferma credo incida molto. Inoltre ci sarebbe anche la superiore velocità di cambiata del doppia frizione Ferrari e la migliore rispotta al gas di gruppo motore ibrido/aspirato rispetto ad uno turbo:).

Cos'è che ti stupisce ?

Non c'entra niente, sul NYSE il settore Automotive è giù nel cesso in questo momento. Infatti Cashonne ha saggiamente deciso di non fare un IPO ma un semplice listing. Magari quando il settore migliorerà, proverà a vendere azioni nuove sul mercato e raccattare un po' di cash a valutazioni molto più vantaggiose (sempre che riesca a spiegare come cacchio funziona FCA agli analisti, missione non da poco).

Vero........esistono valutazioni di settore, ma imho anche valutazioni di natura macroeconomica.....La riduzione del costo del denaro porta inevitabilmente ad una riduzione, nell'allocazione del capitale, della percezione/valutazione del rischio connesso al/ai potenziale/i investimento/i - senza contare i costi connessi alla valutazione medesima, fenomeno questo tanto più rilevante quanto più la liquidità è alta ed a costi contenuti.

P.S.: "Non c'entra niente": cerchiamo di essere un po' meno tranchant nei giudizi o quanto meno nella forma con cui sono espressi ........e si è vero sono uno str.....o permaloso...........ma solo di lunedì...poi miglioro

http://www.autonews.com/article/20141012/OEM01/141019972/fiat-chrysler-crowns-merger-with-wall-street-debut

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October 12, 2014 - 1:00 pm ET

MILAN (Reuters) -- Fiat Chrysler Automobiles makes its Wall Street debut to great fanfare on Monday, shifting the carmaker's center of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne.

The world's seventh-largest auto group has sought the U.S. listing to help to establish itself as a leading global player through access to the world's biggest equity market and the cheaper, more reliable source of funding it ultimately offers.

But Marchionne has picked a difficult moment to woo U.S. investors. The American auto industry is nearing its peak, the European market's recovery from years of decline is proving elusive and weakness persists in Latin America.

Few, however, would question his business credentials. Marchionne and FCA Chairman John Elkann will ring the closing bell at the New York Stock Exchange on Monday to mark the milestone for the 62-year-old chief executive who has revived one of Italy's top companies and helped to rescue Chrysler from bankruptcy along the way.

"Half of our car volumes are in the United States. I want this to be a U.S.-listed company," Marchionne has said, having deliberately chosen to list on the day that celebrates Christopher Columbus's arrival in America.

Fiat took management control of Chrysler in 2009 after the American carmaker emerged from government-sponsored bankruptcy and completed its buyout of the company this year. It is now combining all of its businesses under Dutch-registered FCA, which will have a British financial domicile and small London headquarters, with operations centers in Turin and Detroit.

Ambitious agenda

Wall Street is the first item on an ambitious agenda for the next five years as Marchionne gears up for the launch of dozens of new models, from funky Fiat 500s to sporty Maseratis.

The target is a 60 percent sales boost to seven million vehicles and a fivefold increase in net profit to as much as 5.5 billion euros ($6.9 billion) by 2018 -- the year Marchionne has said he would step down as CEO after seeing through his investment plan.

FCA's growth plans won't come cheap, though, and Marchionne will need to be at his persuasive best if analysts are right with predictions that the group will need to raise more capital.

"It's not the right time to list an auto stock anywhere," said Arndt Ellinghorst, a London-based analyst with ISI Group. "This is happening in the middle of a major profit warning from Ford and people are still very concerned about GM. It's going to be tough for Marchionne to convince investors."

Ford has hacked back its profit forecast for this year, citing recall costs in North America and steeper losses in Russia and South America.

Marchionne maintains that FCA should not be tied to Ford's woes, saying that its strong position in Brazil gives it an advantage over competitors, and this month reiterated full-year guidance despite market expectations of a cut to forecasts.

Detroit power struggle

Using the other two Detroit giants GM and Ford as a benchmark, FCA is seen as the least attractive because of its ageing model line-up, high debt, weaker margins in North America and its minimal presence in China.

"Ford and GM also offer much stronger cash generation and balance sheets, and are thus in a position to return cash to shareholders, while FCA still needs to raise capital," Exane BNP Paribas analyst Stuart Pearson said in a note.

FCA will decide on future financing options this month, though Marchionne insists it does not need a capital increase.

The group has a stronger premium brand portfolio than either Ford or GM, with an attractive carrot for investors in the form of luxury brands Ferrari and Maserati, the promise of a relaunched Alfa Romeo marque and Jeep.

"We see FCA's Asia weakness as a huge upside opportunity because with Jeep they have the right product for Asia," Barclays analyst Kristina Church said.

Monday's listing is seen as a purely mechanical exercise, one U.S. investment banker said, adding that the true test will come once FCA seeks to access U.S. capital markets.

"Now would be the worst possible time to ask investors for money," he said.

Marchionne, meanwhile, has a clear criterion for Wall Street success: more than half of the merged company's shares changing hands in New York instead of Milan.

American investors said that appetite will take time to build, especially as FCA has yet to switch to United States accounting principles and to reporting results in dollars.

Lost in translation

"You have an Italian company buying out a U.S. one, but the holding is registered in Amsterdam with an HQ in London -- that's a lot to get your head around, and without a (pre-listing) roadshow they are not doing themselves a favor," a second U.S. banker said.

Marchionne will hit the road next month to spread the word and has said that FCA could also sell treasury shares and other stock after the listing in an attempt to boost trading volumes.

He believes that FCA's cause will be aided by Chrysler's brand strength in the United States, now the main profit center for the combined group. FCA sold more cars in North America last month than Toyota, the world's largest automaker.

"Given where Chrysler was five years ago, that achievement gives us some satisfaction," Marchionne said at the Paris auto show. "I believe the stock will interest American investors."

The stock opens in New York and shortly afterwards in Milan, where the group will keep a secondary listing. Monday's opening price will be benchmarked against Fiat's previous close of 6.94 euros ($8.76).

Con tutta la liquidità che c'è in giro al costo di una pera bacata ? Sinceramente a me me viè da ! Ciò non toglie che se non si fanno le cose come si deve Maglione fa ancora in tempo a mandare tutto a put.....ne !

Ve lo riporto a titolo informativo.....Ovviamente nulla so sulla sua attendibilità. Qualcuno sa qualcosa al riguardo?

http://www.autonews.com/article/20141011/RETAIL/310139977/maserati-wants-to-add-20-u-s-rooftops-by-year-end

MARCO_ARESI chrisgb • 10 hours ago Dear Chrys, I live close to Grugliasco, Turin, where Maseratis are produced. Now we see prototypes very silent of Maser's in the streets, we think hybrid plug-in. This for the CAFE, we think here. Bye bye...Marco

I primi due da sisnistra chi sono?

Stai scherzando vero ?

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Carrellata di fotarelle direttamente dalla festicciola:

In effetti, imho il 3/4 posteriore dà un po' da pensare.........

maiali, mucche....uomini se ci pensi la pupù è forse la materia prima più abbondante sulla terra

P.S.: un grande precursore.............lui aveva già capito tutto in tempi non sospetti.......basta sentire l'introduzione al pezzo !

http://www.autonews.com/article/20141011/RETAIL/310139977/maserati-wants-to-add-20-u-s-rooftops-by-year-end

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Larry P. Vellequette

Automotive News

October 11, 2014 - 12:01 am ET

PARIS -- The global head of Maserati wants the Italian luxury brand to add 20 dealerships in the U.S. by year end.

Speaking to Automotive News at the Paris auto show, Harald Wester said the U.S. is Maserati's "most important market" to reach its ambitious global sales goals.

"I think until the end of the year we would achieve the range of 120" dealerships in the U.S., up from the current 100, Wester said. At the end of 2013, Maserati had 79 U.S. dealerships.

Maserati aims to boost global sales nearly fivefold by 2018, from 15,400 vehicles in 2013 to 75,000.

"We came from 220 or 230 [dealers] globally at the end of 2012, and currently we are in the range of 355 dealers," Wester said.

Plans call for about 450 Maserati dealers worldwide by the end of 2015.

In the U.S., Wester said "there are some nice spots in the middle where we aren't yet properly represented."

Last November, Peter Grady, the longtime head of Chrysler's dealer network, was also named president and CEO of Maserati North America and tasked with adding Maserati stores. Wester said that Maserati is on track to reach about 35,000 sales globally this year, more than double its 2013 sales number. He expects global sales of 50,000 in 2015.

In 2016, Maserati will add a full-size SUV, the Levante. In the next few years, the brand also plans to add the Alfieri sports coupe and an Alfieri convertible, and to either redesign or replace the GranTurismo sports coupe.

Unlike some other luxury brands, Maserati's lineup won't extend downmarket below the Ghibli sedan, which starts at about $70,000 in the U.S. That territory will be left for Fiat Chrysler Automobiles' other brands. "It's most important for us to have a very clear definition of what the brands stand for, its position and its range. There will be some overlap," but it will be small, Wester said. "It's not everybody doing a little bit of everything."

Il Tridente va veloce.....

ma anche un'altra volts si trovarono in difficoltà nei paesi del sud usa.

mi sa che se l'è vista brutta

Ah beh ! Questo è sicuro...........Stando ai si dice, la cosa migliore che è capitata loro è di essere presi a sassate alzo zero da praticamente un paesello intero. Si dice che fra i "lanciatori" ci fosse anche il sindaco....

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Spero non cambino mai.

Tendenzialmente sono d'accordo.......anche se talvolta prima di "bischerare" dovrebbero pensarci 100 volte.....

Ommioddio!

................

Cosimo ha una vaga aria da boss della mala.

Mica tanto vaga..........

Sissì......come no.........non lo sapevano poverini !!!!!!!! Difficile bersela quando si tratta di soggetti enormemente recidivi come loro......

E' proprio un buongustaio lo sconticino glielo avranno fatto?

http://www.autonews.com/article/20141009/OEM/141009776

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October 9, 2014 - 7:33 am ET

MILAN (Reuters) -- Fiat Chrysler Automobiles could sell up to $830 million worth of shares to boost its finances and increase trading in the stock after it begins trading on Wall Street next week, according to Reuters' calculations.

Fiat completed the buyout of its U.S. unit Chrysler this year and is now incorporating all of its businesses under Dutch-registered FCA. A U.S. listing of the world's seventh-biggest auto group is scheduled for Monday.

CEO Sergio Marchionne has said he could "get the machine rolling" by selling to U.S. investors the shares Fiat owns in itself, or so-called treasury stock.

It could also sell shares to offset those that were bought back -- and then cancelled -- from investors who decided not to participate in the Italian carmaker's merger into FCA.

FCA may face some challenges in creating enough liquidity for its shares in the U.S. market, which will be complicated by its stock also being listed in Milan. However, Marchionne has repeatedly said Chrysler's high-profile name in the United States should help attract interest.

Fiat said on Thursday it was left with around 53.9 million shares from investors who decided to sell out and not be part of the company's merger under FCA. The carmaker will not offer those shares on the market and will pay the cash exit price of 7.727 euros ($9.845) for each of those shares.

Under Italian law, those remaining shares have then to be cancelled, but could be reissued, Marchionne has said.

"We will sell the equivalent of those shares on Wall Street," Marchionne said at the Paris auto show last week.

The carmaker owns another 34.6 million shares in treasury stock. The combined 88.5 million shares would be valued at 650 million euros ($830 million) at Thursday's opening price.

"Selling our treasury shares remains one of the objectives," Marchionne added, but said the timing for both sales would be decided after the evaluation of all risks. A roadshow to speak with U.S. investors is planned for November.

FCA's new board will meet at the end of October to look at all of the carmaker's capital-boosting options, including taking on more debt, a mandatory convertible bond and a possible capital increase.

Marchionne has repeatedly said a capital increase was not necessary to fund the company's ambitious growth plan.

Earlier on Thursday, Fiat said existing shareholders had bought just over 6 million of the roughly 60 million shares offered directly to them from the stock bought back from dissenting shareholders.

Marchionne rebuilds Fiat-Chrysler at 200 mph to woo Wall Street

[h=1]Marchionne rebuilds Fiat-Chrysler at 200 mph to woo Wall Street[/h] Marchionne: "This is still a very fragmented industry for the level of capital you have to invest."

David Rocks

Tommaso Ebhardt

Bloomberg

October 9, 2014 - 4:30 am ET

Sergio Marchionne likes to move fast. The CEO of Fiat S.p.A. and Chrysler Group owns a half-dozen Ferraris, has homes in three countries, and spends much of his time on a private jet shuttling between Detroit, Fiat's hometown of Turin, and other outposts of his growing empire.

Fueled by a dozen espressos a day and packs of Muratti cigarettes, he stormed into Fiat a decade ago and fired most of the top management, then did the same at Chrysler in 2009, installing a dozen newcomers on his second day.

And on a recent gray Tuesday morning, Marchionne took one of his Ferraris -- a black Enzo -- around Fiat's high-speed test track near the town of Balocco, 40 miles east of Turin. "When you're pissed off," he said, stamping on the accelerator and pushing the car from a comfortable 120 miles per hour to something over 200, "there's nothing better than this."

As he and Fiat Chairman John Elkann prepare to ring the closing bell at the New York Stock Exchange on Oct. 13 to mark a new listing, Fiat Chrysler Automobiles, Marchionne is racing to create a lineup of cars that will lure buyers into showrooms worldwide.

By 2018, the combined company plans to spend about $60 billion adding more than 30 models, from subcompacts to a Maserati SUV. That, he predicts, will help the new company boost sales 60 percent to 7 million cars and churn out a profit of 5 billion euros ($6.3 billion).

"We're moving as fast as we possibly can," Marchionne said after his spin around the circuit's banked curves.

Ferrari crash

Marchionne would be the first to tell you speed can be dangerous.

"In the car business, sometimes you crash," he said.

He should know: In 2007, he smashed up a $350,000 Ferrari on a highway in Switzerland. Yet he argues that moving any slower would be even riskier.

Fiat Chrysler is the world's No. 7 automaking group by deliveries, and Marchionne has long said there's room for just a half-dozen or fewer major players.

The transatlantic marriage of two struggling regional carmakers will probably be the capstone of Marchionne's career. He says he's only committed to staying at Fiat through 2018. So how quickly he gets the new company on its feet during these last laps may well determine his legacy.

"The idea of revitalizing an American company was particularly appealing to him, and you can see it in how he's built up Chrysler," said Ron Bloom, a member of President Obama's auto-industry bailout team who recalls sharing cigarette breaks with Marchionne on a Treasury Department balcony overlooking the White House during Chrysler talks.

Dreaming peanuts

Marchionne's plan has legions of doubters. Half of the analysts who cover Fiat recommend investors sell the shares, saying the CEO's sales goals are unrealistic and its 10 billion euros in debt is too high.

Researcher IHS Automotive forecasts the company will fall short of its 2018 targets by about 1.8 million cars.

"Are they really going to launch all those models?" said IHS analyst Ian Fletcher. "And to develop new models is one thing; to attract customers is another."

Sipping espresso on the veranda of the 19th-century farmhouse at the center of the Balocco track, Marchionne said: "I'm used to incredulity."

He sets ambitious targets, he said, because aiming lower would be "to establish mediocrity as a benchmark of the house. If you dream of peanuts, you get monkeys."

Cash settlement

A poker fanatic who insists that passengers on the Fiat corporate jet play cards with him deep into the night, Marchionne has a record more as a dealmaker than an automaker.

In the past decade, he has pulled both Fiat and Chrysler back from the edge of bankruptcy. In 2005 he played a game of chicken with General Motors, threatening to enforce a contract that would have required the struggling American company to buy even-dodgier Fiat; he walked away with a $2 billion cash settlement.

Four years later, he took over Chrysler, ultimately spending only about 10 percent of the $36 billion Germany's Daimler AG paid for the company in 1998.

He's been less successful with cars. Marchionne ditched the storied Italian brand Lancia after trying to rebadge Chrysler models as Lancias for sale in Europe.

He was late to China. And despite initial promises of bringing Alfa Romeo back to the U.S. as early as 2011, the sporty luxury brand won't get there until 2016, with the exception of a two-seater to be introduced this year but won't generate sales of more than 1,000 units.

Marchionne acknowledges that he was new to the auto industry when he took over Fiat, but points out that he's now the longest serving CEO of any major European automaker.

Car addiction

"I'm a car freak," he said, looking over the lineup of Maseratis and Ferraris under the portico of a converted stable at Balocco. "But my survival instinct is stronger than my addiction to cars."

That survival instinct has led him to largely abandon the mass market in Europe, which he says is too crowded to offer a significant profit. Instead, he wants to transform Fiat's under-utilized Italian plants into export machines for more expensive cars.

In 2000, Fiat made 1.4 million vehicles in Italy. By 2013, its Italian output had dropped below 400,000 as Fiat wound down models that compete directly with best-sellers like Volkswagen AG's Golf.

"We did a lot of soul-searching to try to see how best to utilize what we had in Italy," said Marchionne's boss, Elkann, the great-great-grandson of Giovanni Agnelli, who founded Fiat in 1899.

Unlikely team

The two make an unlikely team. While Marchionne is always ready with a quick riposte sprinkled with profanity, the gangly, 38-year-old Elkann speaks slowly, as if every word has been squeezed through a filter.

At Balocco he's wearing a pin-striped suit with a red sweater vest and blue tie; he rarely appears in public with an open collar, a sharp contrast to Marchionne's trademark black sweater and dark blue slacks.

As the scion of the Agnelli family, Elkann is almost like royalty in Italy and a constant focus of the tabloid press. He drinks tea instead of coffee. He doesn't smoke. And he owns just a single Ferrari.

Despite their different temperaments -- and their 24-year age difference -- Elkann and Marchionne have "a very easy relationship," said Bill Ford, the grandson of Ford Motor Co. founder Henry Ford, whose family has known the Agnelli clan for more than 50 years.

"It can be awkward when you're the boss of someone much older," said Ford, who hosted the pair at a dinner at his house along with then-Ford CEO Alan Mulally. "I've been impressed that that's not true with those two."

BlackBerry messages

Elkann and Marchionne say they fire off dozens of BlackBerry BBM text messages to each other daily -- mostly in English, despite their shared Italian heritage.

Elkann, who took over management of the family's holdings at age 28, says Marchionne has taught him to be flexible.

"You can't plan everything," said Elkann.

"We've learned that serendipity is real," Marchionne echoes in his gravelly voice punctuated by a smokers cough. "S**t will happen."

Some executives who know both men say that they have something of a father-son relationship, but Marchionne said, "he's more like a kid brother."

The brawny Jeep brand is central to their plan. Marchionne plans to start building the Cherokee SUV in China by 2016 as he seeks to double sales to more than 1.9 million vehicles, largely by quintupling deliveries in the world's most populous nation.

The Jeep name, Marchionne says, "is credible, and is understood by everybody."

And he expects Alfa Romeo and Maserati to steal buyers from BMW, Mercedes, and Audi.

The Germans' reputation as makers of higher-quality cars than the Italians "is just crap," Marchionne said, stubbing his cigarette into an ashtray.

Elkann, right, and Marchionne fire off dozens of BlackBerry BBM text messages to each other daily -- mostly in English, despite their shared Italian heritage.

Photo credit: BLOOMBERG

Namesake brands

What's important is to ensure each brand stands for something. That's easy with Ferrari: Really fast cars that can cost more than the average worker earns in a decade.

And it's not tough with Alfa, Maserati, Jeep, or even Dodge, which is being refocused around the muscle-car roots of sportsters like the Charger and Challenger.

Most troubled are the company's namesake brands. "Fiat is the toughest nut in Europe and Chrysler is the toughest in the U.S.," Marchionne said.

Chrysler, which previous management had sought to position as a near-luxury nameplate, is being shifted downmarket.

A new sedan called the 200 -- best known as the car driven by rapper Eminem in a 2011 Super Bowl ad with the tag-line "Imported From Detroit" -- has been well-received.

But the brand has only three models, and U.S. sales have dropped 6 percent this year. Fiat is buffing up its image in the U.S. and Europe as the maker of the retro-hip 500, intended as an answer to BMW's Mini range.

The problem is that the identity is muddled elsewhere. Brazil, for instance, now builds more Fiats than any other country, so "when a Brazilian goes to New York and sees a Fiat, he says, ''Hey, there's a Brazilian car,'" Marchionne said.

Italian cousin

At the Balocco test track, Marchionne and Elkann are eager to show the cross-pollination of their brands. In the farmhouse courtyard a Jeep Renegade sits next to its Italian cousin, the 500X, both to be built at a Fiat factory in Melfi, 100 miles east of Naples.

"This is a real SUV," Marchionne said, slapping the tailgate of the diminutive blue Renegade. "It'll take you anywhere."

The two vehicles share a "platform," which means most of the stuff you can't see -- engine, axles, air-conditioning ducts, window-winders. Roughly speaking, it costs $1 billion to take a car from designer's sketch pad to dealer's showroom.

Adapting a platform for a new model can be done for less than $300 million, Marchionne says.

Though the two cars look nothing alike, Fiat says they share about 40 percent of their components. The Renegade is boxy and muscular, with a wide stance and six-pillared Jeep grille that make it look like it just forded an Idaho stream even if it's on a crowded Shanghai street.

Dolce vita

The 500X, while also featuring four-wheel-drive and the higher profile of an SUV, has the seductive curves of the original Fiat 500 and is intended to ooze Dolce Vita insouciance whether at a mall in Chicago or on the Via Veneto in Rome.

"This is urban, civilized," Marchionne said, running his hands across the cream-colored five-seater. "It's Italy at its best."

Marchionne has a deep understanding of the cultural barriers that separate the Italians and their American partners.

He was born in Chieti, a hill town about two hours east of Rome (in a Fiat 500; maybe half that in a Ferrari with Marchionne at the wheel).

At age 14, his parents uprooted the family and moved to Toronto, where Marchionne learned English from a standstill. After studying philosophy, law, and business, he worked as an accountant in Canada.

Marchionne consolidated his reputation at SGS SA, a Swiss product testing company, where he doubled profits by cutting costs and eliminating several layers of management.

Coffee, grappa

SGS was controlled by Elkann, known as Jaki to most of the 100 members of the Agnelli clan whose billions he oversees. In 2004 Elkann was looking for new leadership at Fiat, which had lost more than 6 billion euros over the previous two years, and he took note of Marchionne's success at SGS.

That May, he met Marchionne for dinner at Geneva's lakeside Hotel de L'Angleterre.

Over coffee and grappa, Elkann floated the idea of Marchionne running Fiat.

"He never asked me to work for him," Marchionne said. "He asked me if I could lend a hand, and that's why I said yes."

Though the new company will trade in New York, it will be registered in the Netherlands and its headquarters will be three floors of a 1960s tower on St. James's Street in London.

Fiat opted to make one of the world's most expensive neighborhoods its official home to save money: The U.K.'s corporate tax rate is slated to fall to 20 percent next year, while Italy's corporate rate is 31.4 percent and in the U.S. it's about 40 percent.

Supercharged vote

The Dutch registration lets Elkann take advantage of rules that supercharge the vote of a controlling shareholder.

Exor, the Agnelli vehicle that owns 30 percent of Fiat, will have about 40 percent of the new company's voting rights. Elkann must shoulder significant historical weight as he oversees Marchionne's shift away from Italy.

Fiat's name, after all, is an acronym for Fabbrica Italiana Automobili Torino, or Italian Auto Factory Turin.

And Elkann occupies an office inherited from his grandfather, Gianni Agnelli, a swashbuckling legend of European society pages known to virtually everyone in Italy as "L'Avoccato" -- The Lawyer -- more than a decade after his death.

The country's biggest union, CGIL, has criticized Marchionne's plan as an abandonment of Fiat's Italian roots and the workers who made the company strong. Diego Della Valle, chairman of shoemaker Tod's S.p.A., has long said Marchionne seeks only to enrich himself at the expense of workers.

Offensive language

He reiterated those criticisms on "Otto e Mezzo," a popular evening TV talk show, on Sept. 26 just as Marchionne was holding a press conference with Italian Prime Minister Matteo Renzi six time-zones away near Detroit.

Della Valle called the Fiat chief a "sola" (a Roman curse that in polite company might be translated as "liar") who "doesn't respect any commitment."

Marchionne's response: "I found it offensive. The problem with this country is that everybody is an expert."

Marchionne has support at the highest levels in Italy. Former Prime Minister Mario Monti helped him inaugurate the production lines that will make the Renegade and the 500X. And Renzi on Sept. 26 spent the afternoon with Marchionne at Chrysler headquarters.

After a tour of the facility, Renzi said Marchionne's turnaround of Fiat could serve as a model for all of Italian industry.

"The most important thing is not the headquarters and where they hold their annual meeting," Renzi said, "it's the strategy of making investments in the country."

Toyota slayer

While Marchionne said Fiat can manage his investment plan on its own, he would consider another alliance if the right opportunity arises. Without identifying potential partners, he said he sees the possibility of a merger that would create a company larger than Toyota Motor Corp., the world's biggest carmaker.

"The industry needs it," Marchionne said. "This is still a very fragmented industry for the level of capital you have to invest."

If such a deal happens, Marchionne doesn't expect to stick around beyond 2018 to make it a success. He says he's grooming several members of his team for the top job since Elkann says he's not interested in combining the chairman and CEO titles.

"You're asking me if there are other things I like to do apart from this? Phenomenally, yes," Marchionne said, lighting another Muratti. "I like to be able to think, and that's not always possible in this job."

La cosa veramente fastidiosa di Maglione quando parla è che è sempre troppo criptico !!!!

Ma stai trollando o dici sul serio?

La prima che hai detto.............

il problema non è chi prenderà il posto di marchionne

il problema è dove tiriamo fuori i soldi per la sua liquidazione ?

Beh.......oltre ad una parte di liquido (pagabile in più anni), si andrà a colpi di stock grant:). Credo...........

Scene di isteria di massa e suicidi collettivi riempivano i telegiornali della sera......

Se va via ad ottobre del 2018, se famo prestà l'Oktober Fest dai bavaresi !!!!! Così se festeggia a modino !!!!

Al posto di Maglioncino ci vuole una persona di carattere , con passione per l'automotive...

Perfetto !

Vergognati !!!!!!!!!!!

- - - - - - - - - - AGGIUNTA al messaggio già esistente - - - - - - - - - -

http://www.autonews.com/article/20141008/COPY01/310089974/bmw-hires-ferraris-chief-engineer

BMW hires Ferrari's chief engineer

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Luca Ciferri

Automotive News

October 8, 2014 - 4:21 am ET -- UPDATED: 10/8/14 7:00 am ET - adds BMW comment

TURIN -- BMW has hired Ferrari's former technical director, Roberto Fedeli, for an as-yet unspecified role, the German automaker said today.

Fedeli will join the BMW Group in November, "but we currently can't say what his role will be," a BMW spokesman told Automotive News Europe.

A Ferrari spokesman said Fedeli left the sports car maker Sept. 13 and his resignation was not linked to the departure of Ferrari's long-time chairman, Luca Cordero di Montezemolo. Fedeli quit before Montezemolo stepped down as Ferrari chairman, the spokesman said.

Fedeli joined Ferrari in 1988 and has been responsible for the engineering of all Ferrari cars since 2007. His most recent model is the limited production LaFerrari gasoline-electric hybrid supercar, the fastest road car built to date by the company.

At BMW, Fedeli is expected to use his expertise with the group's M performance division or with Rolls-Royce, according to Automotive News Europe sources.

Fedeli's duties at Ferrari have been taken up by the brand’s chief technological officer Michael Leiters, who joined the company from Porsche in January. Leiters held various roles at Porsche, including program manager for the Cayenne large luxury SUV.

Pictured at the unveiling of LaFerrari at the Geneva show in March are Roberto Fedeli (second from right) with (from left) Ferrari design head Flavio Manzoni; Fiat Chairman John Elkann; Ferrari's outgoing chairman Luca Cordero di Montezemolo; Ferrari CEO Amedeo Felisa; and Fiat Chrysler CEO Sergio Marchionne.

Fiat Chrysler Automobiles CEO Sergio Marchionne will add the Ferrari chairman role to his duties on Oct. 12. Fiat owns 90 percent of Ferrari.

AAAAAAAAAAAAAAHHHHHHHHHHHHHHHHHHHH !!!!!!!!!!!!!!!!!! :afraid:Lo sapevo io................Gomblotto !!!!!!!!!!!!!!!