Circumspect as always but visibly pleased by Fca ’s latest results, at a recent press conference – organized last Tuesday, 24th of October – , the company’s CEO, Sergio Marchionne, said that Fiat Chrysler Automobiles ( which owns Ferrari, Maserati, Alfa Romeo and more) is catching up with its relative delay in the autonomous vehicle development and that it has a future full of new projects.
Marchionne also mentioned the company’s pivotal re-organization strategies for the American market as well as the strategic alliance with BMW, Mobileye and Intel for the autonomous driving experience frontier.
Fca’s release of the company’s third-quarter earnings
During the press conference, the Italian-American automaker released the promising company’s third-quarter earnings. The new information made the Fca’s stock fly at Piazza Affari (+5%) and at Wall Street, where the car manufacturer opened, the day after, with a 6% increase.
With the company boasting positive and improving profitability and production indicators since the beginning of 2017 (and especially during the last trimester), its management can today confirm that the chosen strategic business plan is achieving the results hoped for. Marchionne added that the company’s approach is today giving Fca a chance to offer a “technically correct solution at a commercially defensible price,” to all its clients.
“Time, discipline and technical know-how” are the essential ingredients, according to Marchionne, in order to achieve all the expected results in the technological development of Fca. At the same time, the CEO revealed that the company is certainly no longer behind its competitors in the race to develop self-driving vehicles. And without displaying the excessive assurance shown by all those who guarantee that self-driving vehicles are today right around the corner, he mentioned the new cooperation with BMW, Mobileye and Intel in this specific sector. The ambitious common objective is to develop an autonomous vehicle platform.
Marchionne also revealed new details concerning the future Suv Maserati, which, in 2020, will become the Levante’s younger sister.