Fiat Chrysler boosted with Jeep development expectations

according to By Agnieszka FlakMILAN (Reuters) – Fiat Chrysler (FCA) shares shock a record high on Monday on growing expectations which the carmaker's coveted Jeep brand going to open even greater Price this year. Jeep is 1 of various brands in an FCA portfolio which too includes luxury Maseratis, sporty Alfa Romeos & mass-market Fiats. however it is the Jeep sport utility cars (sport utility cars) which Marchionne sees creating a high-margin brand by universal Claim. FCA unveiled a Fresh Jeep Wrangler in November & a Fresh Jeep Cherokee going to get in produce this quarter. Its share price jumped to record highs in August after reports of interest from China's major Wall Motor Co <601633.SS> & South Korea's Hyundai <005380.KS>.

Fiat Chrysler chief executive officerSees Room to Double Profit with 2022 on Jeep

Marchionne's successor going to must live up to these expectations in a rapidly changing auto industry which dangers diluting the edge of traditional carmakers. He tells there's an evolving list of internal candidates under description. All of these executives are working on Fiat's strategic outline out of 2022, & 1 of them going to finish up being "the highest dog," he said, adding which he has no indication the Inc. would look to make an external hire.

highest Fiat Chrysler executive tells Jeep not for discount

according to Sergio Marchionne during a break news conference on Fiat Chrysler Automobiles. Not to anyone, Fiat Chrysler Automobiles' CEO said Monday When speaking to reporters at the North American International Auto display . Mr. Marchionne sought to throw cold water on those reports Monday morning. however he said the $two,000 bonuses which Fiat Chrysler going to supply to its 60,000 U.S. employees were a direct result of the tax cut. Mr. Marchionne proposed which ought finish early in the year's 2nd quarter.

collected by :Sandra Alex