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Marchionne's dilemma: To sell or not to sell Alfa to Volkswagen?
Wed, 01 Dec 2010Fiat CEO Sergio Marchionne's self-confidence has helped him tackle problems that lesser executives would duck, but he may have met his match. In a public test of Marchionne's faith in his own turnaround strategy, in September Volkswagen Chairman Ferdinand Piech bluntly announced that he wants to buy Alfa Romeo. Piech was suggesting that VW--and only VW--could transform Fiat's perennial money-losing brand into a real moneymaker.
Mercedes-Benz has big plans for small cars
Mon, 31 Jan 2011Breaking outside its American position of rear-wheel-drive luxury vehicles, Mercedes-Benz will launch its new front-wheel-drive architecture in the United States in the next three years in the form of a coupe, SUV and possibly a small wagon or compact hatchback. Joachim Schmidt, Mercedes' global sales and marketing boss, said Mercedes is developing at least four models based on its MFA, or Mercedes Front-wheel-drive Architecture. "We will introduce the next generation of our MFA family to the U.S.," Schmidt said in an interview.
Volvo V60 Plug-in Hybrid at Geneva
Thu, 27 Jan 2011The Volvo V60 Plug-in Hybrid Yes, it’s yet another eco car, this time from Volvo. But as eco cars go the Volvo V60 Plug-in Hybrid does seem to have quite a lot going for it. Volvo confirmed back in 2009 that they would bring a plug-in hybrid to market by 2012, and it looks like they are very much on track as we learn they are planning on taking the V60 Plug-in to Geneva in March in what they say is almost production-ready form.