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Christopher Bruce2013-10-31 16:41:54

Sergio Marchionne is Not Done Trying to Revitalize Alfa Romeo

The company's sales may just hit 100,000 units worldwide this year

 
 
Slideshow
Marchionne wants to revitalize the Alfa Romeo brand

Sergio Marchionne is a very busy man. He is still attempting to buy ChryslerChryslerChryslerUnited States of America, 1925 > present70 models
875 photos
1 video
in the United States but the negotiations have basically fallen through, and he may fail if the company gets listed on the stock market. In Europe, he is trying to keep FiatFiatFiatItaly, 1899 > present159 models
4916 photos
35 videos
afloat in an auto market where mass-market cars are not performing well. His pet project has also been to revitalize the Alfa RomeoAlfa RomeoAlfa RomeoItaly, 1910 > present108 models
2261 photos
7 videos
brand.

"We continue to work in a pretty determined fashion in trying to reshape the Alfa Romeo platform and I think we will be in a position to outline more at the end of the first quarter of 2014," said Marchionne.

Over the past year, Alfa Romeo has launched the 4C4CAlfa Romeo 4CItaly, 2013 > present4 photos
sports car but has had to push back the brand’s launch in the United States twice.

Marchionne said that the company is working on a new vehicle platform for rear- and all-wheel drive cars that would be used by Alfa Romeo, and if the takeover is successful, Chrysler and DodgeDodgeDodgeUnited States of America, 1914 > present59 models
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6 videos
.

Fiat itself is not doing especially well financially. It announced the Q3 earnings were down 9% to €816 million, and it changed its full-year earnings estimate from between €4 billion and €4.5 billion to between €3.5 billion and €3.8 billion.

Alfa Romeo sales are miniscule compared to the companies that it wants to compete against. It sold about 51,000 cars in Europe from January to September, which is as many cars as BMWBMWBMWGermany, 1918 > present87 models
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or MercedesMercedes-BenzMercedes-BenzGermany, 1924 > present197 models
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33 videos
sold in single countries.

In Fiat’s four-year plan announced in April 2010, it has slated for Alfa Romeo to sell 500,000 cars a year by 2014. In 2011, it lowered the estimate to 400,000 cars a year. In 2012, it was lowered again to 300,000 cars a year. It looks like for 2013, Alfa may be lucky to sell 100,000 cars worldwide.

Source: Automotive News Europe

Encyclopedia
Alfa RomeoAlfa Romeo
4C Gen.14C Gen.1
4C4C
Engine
Straight 4
Displacement
107 cu in
Top Speed
155 mph
Transmission
6, Double Clutch
Maximum power
300 hp @ 6000 rpm
Type
Fixed-head coupé
Fuel
Petrol
Fuel consumption (combined)
28 US MPG
price
--
annual ownership cost
$ 1.178

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