Archive for December, 2013
The revised Alfa Romeo plan that Fiat CEO Sergio Marchionne is expected to announce next April focuses on a new, still unnamed rear-wheel- and all-wheel-drive architecture. A key aim of the new plan is to boost Alfa’s global presence.
“With our current segment coverage and our geographical footprint, we compete in about 5 percent of the global market,” Alfa’s European boss, Louis-Carl Vignon, said in an interview. He wants the brand to compete in 32 percent of the global market by 2016.
Alfa said that its revised plan is “top secret” and refused to comment on individual models to Automotive News Europe. However, the following is what industry and supplier sources say Alfa is currently considering.
Read more: http://www.autonews.com/article/20131202/OEM01/312029918/alfas-revised-plan-focuses-on-new-rwd/awd-architecture#ixzz2o9bzEYiF
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The December business meeting , which will include nominations and election of
officers to serve on the Board of Directors for 2014, and the annual Holiday Party
will be held on Saturday, December 14th at Tommy Trabue’s shop in White Bluff.
The business meeting will get under way at 11:30, followed by the luncheon at 1:00.
You may bring appetizers, desserts or beverages for the party. Tommy will be
ordering food once everyone arrives.
Contact Bob Simonds, president, at 931-592-3232 for directions to Trabue’s shop.
December 2, 2013 – 12:15 am ET
Fiat CEO Sergio Marchionne hopes that betting billions of euros on Alfa Romeo will reverse a decade of losses and six years of collapsing sales at the sporty brand. This year, Alfa’s sales are likely to fall below 100,000 units for the first time since 1969. Marchionne’s new plan for Alfa – his fourth since he joined Fiat in June 2004 – has the same goal as the one he introduced for its sister company, Fiat’s premium subsidiary, Maserati. Under the plan, Alfa will focus on developing premium vehicles to be exported worldwide from Italy.
An effective Alfa relaunch is a crucial element in Marchionne’s broader strategy to return Fiat’s automotive division to profitability in Europe by 2016. Fiat lost 700 million euros ($928 million) last year in Europe and so far Alfa has yet to make a profit under Marchionne’s nine-year watch.
Read more: http://www.autonews.com/article/20131202/OEM01/312029919/marchionne-will-unveil-4th-relaunch-plan-for-struggling-alfa#ixzz2mMlhI6Gc