Fiat Chrysler Stories April 29, 2016

AAPL: 93.74

-1.09

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

-0.01

Ferrari chairman believes Apple will build a car amid growing EV rumors

Speaking today on CNBC, Ferrari chairman and Fiat Chrysler CEO Sergio Marchionne spoke affirmatively when asked if he believes Apple will make a car. The Ferrari boss explained that he believes the automobile space is one in which Apple can exhibit its skills, clarifying that he believes Apple will have a car assembled rather than building it on their own. Marchionne added that Apple has not approached Fiat for being its partner for assembling a car.

When asked if Fiat could become the Foxconn in Apple’s car supplier equation, the Ferrari chairman reacted negatively to the thought of being a low margin supplier in the car space for Apple, but admitted that car markers are positioned to work with partners like Apple and Google as the industry changes. Interestingly, Apple’s Eddy Cue has had a seat on Ferrari’s board for nearly three years.

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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