Fiat says further plants are at risk following supply disruption to its Maserati plant in Grugliasco, as well as stoppages at sites in Serbia and Spain.
Filed under: Earnings/Financials, Tesla Tesla's value on the stock market far exceeds the number of vehicles it contributes to the automotive market. According to a report from Automotive News, Tesla is currently valued at $8.8 billion. Almost unbelievably, though we've never claimed to have a firm grasp on the inner workings of the stock market, that's a full billion dollars more valuable than Fiat and three times more valuable than PSA Peugeot Citroën, says the report. How unfathomable is that statistic? Consider the fact that Tesla, a ten-year-old company, just managed to turn its very first profit last quarter and has produced fewer than 10,000 vehicles in its lifetime. How does that compare to an automotive giant like Fiat? Well... it doesn't - The brand sold 44,772 Fiat 500s in the United States alone in 2012, and it owns or controls the Chrysler portfolio of brands along with Ferrari and Maserati... not to mention the hundreds of thousands of cars Fiat Group sells yearly in the rest of the world. Granted, the number of vehicles sold by a brand is just a small portion of its value, but you may still wonder, Why is such a seemingly small player in the global automotive marketplace such a big deal on Wall Street? According to AN, it has a lot to do with its controversial and headline-grabbing CEO, Elon Musk, and the way he disseminates company information to his investors. How so? We suggest you take a good look at the article here for the whole story.Wall Street loves Tesla's Elon Musk, values the brand higher than Fiat originally appeared on Autoblog on Tue, 14 May 2013 10:15:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
Filed under: Convertible, Coupe, Performance, Maserati As a following act to the redesigned Quattroporte and the recently unveiled 2014 Maserati Ghibli, Maserati will be releasing a slew of new products in the coming years, including the next-generation GranTurismo, the all-new Levante SUV and a new 911-fighting coupe - possibly called Gran Sport. While all of this information was detailed last year in a leaked product plan document, there were no dates associated with any of the new products. Auto Express is now reporting that the new GranTurismo will be out in 2015 and the new smaller coupe is expected out in 2016. According to the report, the new coupe will be smaller and sportier than the GranTurismo, and it will feature a mid-engine layout with a platform that isn't shared with the Alfa Romeo 4C. This product onslaught is a part of Maserati's plan to increase sales to 50,000 units globally by 2015.Maserati's small two-seater could arrive by 2016 originally appeared on Autoblog on Mon, 13 May 2013 09:28:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
Filed under: Sedan, Performance, First Drives, LuxuryThe First Maserati To Run Full-Time On All Fours About six months ago we tested the all-new 2014 Maserati Quattroporte GTS and its 523-horsepower 3.8-liter bi-turbo V8 engine, the latter being built in Maranello, Italy, by Ferrari. There were comments on both sides, mostly positive though, and we came away impressed by the sixth-generation Maserati sedan. This despite the fact that both we and you couldn't seem to get past the questionable aesthetics of the 20-inch Crono alloy wheels slapped on all of the test cars. Awkward looking they are, or is "distinctive" the word we're seeking? For both the crucial United States market and the rest of the world, the most important version of the latest Quattroporte is bound to be the less powerful (and less expensive) bi-turbo V6 model we have just driven here in northern Italy; both rear-wheel-drive and Q4 all-wheel-drive versions. We spent nearly all day in the 404-hp 2014 Maserati Quattroporte S Q4, and found a lot that we prefer in the six-cylinder powertrain versus the champing aggression and $140,000 price tag of the GTS bi-turbo V8 model. These long and lanky executive-style statements traditionally thrive on the V8 mantra, so it will be interesting to watch how Maserati's need to use stronger and more efficient V6 engines is received by its six-figure customers. It's a cynical thing to discuss so matter of factly, but descending into five-figure pricing for these rides actually damages their sales potential. It's bizarre, but keeping every trim of the Maserati Quattroporte north of $100,000 was crucial. So, is the 2014 Maserati Quattrporte S Q4 at a projected $108,000 base price worth it? To this stratum of clientele, apparently it is. Even the rear-wheel-drive S with this bi-turbo V6 will come in around $102,000 when it arrives in North America in mid-2014. (Or mid-2015, as yet to be decided.)Continue reading 2014 Maserati Quattroporte S Q4 [w/video]2014 Maserati Quattroporte S Q4 [w/video] originally appeared on Autoblog on Fri, 10 May 2013 11:57:00 EST. Please see our terms for use of feeds.Permalink | Email this | Comments
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