Fiat Chrysler Stories April 29, 2016

AAPL: 93.74

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The automotive industry is a capital-intensive industry. Fiat Chrysler CEO Sergio Marchionne knows it and that’s why he is open to work with Google or Apple:

“Google can buy every automaker out of petty cash. And Apple — they made a net profit of $24 billion in one quarter. This is nonsense. What are we defending? What?”

In a not yet released 2-hour interview with Automobile Mag‘s Georg Kache, Marchionne discusses the recent rumors of a FCA partnership with Google for self-driving cars and how the automaker wants to position itself in an industry disrupted by the likes of Apple, Google, Tesla and Uber. expand full story

Fiat Chrysler Stories October 21, 2015

AAPL: 113.76

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Fiat Chrysler Stories July 20, 2015

According to a report from The Wall Street Journal, Apple has hired a seasoned veteran from the automotive industry for its rumored car initiative. The report claims that Apple has hired Doug Betts, who previously led global quality control at Fiat Chrysler Automobiles. Betts worked at Fiat Chrysler until last year and started at Apple earlier this month.

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