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FCA US Announces Kunselman Retirement

FCA US Announces Kunselman Retirement

October 27, 2015 , Auburn Hills, Mich. -



FCA US LLC today announced that Scott Kunselman, Senior Vice President of Vehicle Safety and Regulatory Affairs, has elected to retire after 30 years with the Company, effective November 30. Kunselman will continue in his current role and will support the transition to his successor, who will be named at a later date.

Beginning December 1, Kunselman will join the senior administration of Oakland University. FCA US and Oakland University have a long-standing tradition of collaboration, where Kunselman most recently served on the Board of Trustees of Oakland University on behalf of FCA US.

“I want to thank Scott for his leadership and commitment to the Company, where he has served in a variety of executive roles since joining in 1985,” said Sergio Marchionne, Chief Executive Officer, FCA US LLC. “We wish him well in his next chapter at Oakland University.”
 

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FCA Announces Senior Leadership Changes

FCA Announces Senior Leadership Changes

February 5, 2018 , London -

Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) announces the following leadership changes, effective immediately.

Tim Kuniskis is named Head of Alfa Romeo and Maserati brands globally. Kuniskis, a 26-year veteran of FCA, most recently served as Head of Passenger Car Brands in North America, which includes Chrysler, Dodge, Fiat and SRT. Prior to that role, he held a series of positions in the U.S. sales business centers, as well as in the Dodge and Fiat brands.

In a related move, Steve Beahm is named Head of Passenger Car Brands in North America, replacing Kuniskis. Most recently, Beahm served as Head of Maserati North America, and previously lead the Supply Chain Management group in North America. He also held a series of positions in the U.S. sales organization.

Reid Bigland, who was formerly Head of Alfa Romeo and Maserati brands globally, will continue serving as Head of U.S. Sales, as well as President and CEO of FCA Canada.

“With the launch of the Alfa Romeo Giulia and Stelvio and the Maserati Levante complete, we must now intensify our focus on the commercial elements that will drive global growth for these brands,” said Sergio Marchionne, Chief Executive Officer (CEO), FCA. “As Reid has established the commercial foundation for Alfa and Maserati, today’s announcement allows Tim to dedicate his efforts solely on the next chapter of these storied brands. In North America, with the execution of our industrial plan now well underway, shifting from cars to SUVs and trucks, Reid’s complete attention will be placed on accelerating sales growth in the U.S. and Canada.

“This is an important year for FCA as we work to achieve the commitments made in our five-year business plan, and equally important, to establish the momentum for continued growth going forward,” added Marchionne.

Bigland and Kuniskis continue to serve on the Group Executive Council (GEC), which is the highest management body in FCA and is chaired by the CEO.
 

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FCA CEO Sergio Marchionne is Absurdly Rich

FCA CEO Sergio Marchionne is Absurdly Rich

Feb 21, 2018






Fiat Chrysler CEO Sergio Marchionne was paid handsomely for his efforts in 2017, receiving $12 million in compensation from the automaker and another $36 million in stock options.

According to Bloomberg, Marchionne now owns $362 million in FCA shares, another $190 million in Ferrari shares and $169 million in truck and tractor company CNH Industrial. The Italian-Canadian executive used roughly one-third of his 2.8 million FCA shares to pay taxes in 2017, but thanks to the strong performance of the stock, the 1.8 million shares left are still worth more than the initial stock grant.

Marchionne may be one of the highest paid executives in the auto industry, but it’s hard to argue that he doesn’t deserve such compensation. He returned Fiat to profitability less than two years after moving into the position in 2006, and also oversaw the 2014 merger of Fiat and Chrysler. Additionally, it was Marchionne who hosted Ferrari’s successful IPO in 2015. Ferrari shares, traded under the RACE ticker symbol, have risen from $56 at the time of the IPO to $130 a share.


AutoGuide.com
 

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Discussion Starter #124
FCA US Headquarters - Environmental Features


May 17, 2018
The FCA US headquarters in Michigan includes a five-acre green roof and is surrounded by more than 100 acres of natural wetlands, walking trails and a plethora of animals and plants. It is also a ‘zero waste to landfill’ facility since 2010 and received Conservation Certification by Wildlife Habitat Council in April 2015. FCA’s Wildlife at Work team help support local pollinator populations.
 

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Discussion Starter #126
FCA to Develop Captive Financial Services

FCA to Develop Captive Financial Services Company in U.S.

To be created through an acquisition or built from scratch
Expected to bolster Company?s sales volumes and earnings
Time is right to make strategic move


June 1, 2018 , Auburn Hills, Mich. -

Fiat Chrysler Automobiles N.V. announced today it intends to establish a captive financial services arm to provide U.S. consumers with more options to finance vehicle purchases while supporting the Company?s sales volumes and bolstering its earnings.

More than 2.1 million new cars and trucks were sold by FCA in the U.S. last year. FCA currently is the only major automaker in the U.S. without a captive financing arm.


?Given our strong financial performance and improving credit profile, we believe the time is right to pursue a U.S. Finco strategy,? FCA Chief Executive Officer Sergio Marchionne said. ?FCA will have adequate capital to fund the equity needed and expects to have the credit rating to make the Finco funding competitive.?

Chrysler Capital, which is owned and operated by Santander Consumer USA Inc., along with a variety of banks, currently provides consumer financing for most FCA vehicle purchases in the U.S.

FCA is exploring whether to acquire an existing financial services business, which could include exercising an option to acquire Chrysler Capital, or to build its own Finco. Exploratory discussions with Santander regarding Chrysler Capital have begun.
 
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