BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Heir apparent: John Elkann, the new face of Fiat]]>http://www.bloggingstocks.com/2008/03/18/heir-apparent-john-elkann-the-new-face-of-fiat/http://www.bloggingstocks.com/2008/03/18/heir-apparent-john-elkann-the-new-face-of-fiat/http://www.bloggingstocks.com/2008/03/18/heir-apparent-john-elkann-the-new-face-of-fiat/#commentsFiled under: , ,

This post is one of several on business heirs apparent. Let us know in the comments whether you think John Elkann should take up the reigns of Fiat, and be sure to check out the other heir apparent posts.

Gianni Agnelli, principal shareholder of Fiat and grandson of the company's founder had been grooming his nephew to take up the reins of the family business when that nephew died of a rare form of cancer in 1997. Gianni's grandson John Elkann became the next heir apparent at the age of 22, when he was appointed to Fiat's board. After Gianni passed away in 2004, Elkann assumed the vice chair of not only the Fiat board, but the board of holding company that controls the Agnelli family stake in Fiat.

Elkann stepped into his new role at a time of crisis for Fiat. Mismanagement and a damaged brand image required a bank bailout to avoid bankruptcy. Recovery meant selling assets, management changes, and reinvesting in the core company. Renewed strength in the struggling automotive division (which includes the Fiat, Lancia, and Alfa Romeo brands) helped lift the company. Now, among other things, Elkann spearheads the company's efforts at global expansion.

Continue reading Heir apparent: John Elkann, the new face of Fiat

Heir apparent: John Elkann, the new face of Fiat originally appeared on BloggingStocks on Tue, 18 Mar 2008 17:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Alfa RomeoFiatFiat 500Gianni AgnelliGiuseppe Bertaheir apparentJohn ElkannLanciaLuca di MontezemoloSergio MarchionneTue, 18 Mar 2008 17:10:00 EST<![CDATA[As dollar falls, foreign automakers plan U.S. factories]]>http://www.bloggingstocks.com/2007/12/12/as-dollar-falls-foreign-automakers-plan-u-s-factories/http://www.bloggingstocks.com/2007/12/12/as-dollar-falls-foreign-automakers-plan-u-s-factories/http://www.bloggingstocks.com/2007/12/12/as-dollar-falls-foreign-automakers-plan-u-s-factories/#commentsFiled under: , ,

Do you like to drive fast Italian cars? If so, you're in luck. In the next few years, you'll probably be able to buy a zippy little Alfa Romeo -- and at a bargain price. Best of all, it will be made right here in the good old USA.

According to The New York Times, Fiat of Italy is considering building a new car factory in the U.S. to produce Alfa Romeo sports cars. Fiat hasn't sold cars here for over a decade, but the falling dollar makes the American market too potentially lucrative to pass up. Fiat believes that locating the factory in the US is the only way it can sell cars here profitably, due to lower labor and transportation costs in North America. The Center for Automotive Research in Michigan recently found that European autoworkers make $10 more an hour than autoworkers in the US.

Continue reading As dollar falls, foreign automakers plan U.S. factories

As dollar falls, foreign automakers plan U.S. factories originally appeared on BloggingStocks on Wed, 12 Dec 2007 14:35:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>alfa romeoAlfaRomeoauto industryAutoIndustrybmwdollarfeaturedfiatpesoPeugeot-CitroenRenaultVolkswagenWed, 12 Dec 2007 14:35:00 EST