{"id":1302,"date":"2005-06-28T03:46:06","date_gmt":"2005-06-28T03:46:06","guid":{"rendered":"http:\/\/blogs.thesocialmedia.com\/petrol-head\/2005\/06\/28\/fiat-major-cost\/"},"modified":"2012-07-17T13:49:04","modified_gmt":"2012-07-17T13:49:04","slug":"fiat-major-cost","status":"publish","type":"post","link":"https:\/\/blogs.thesocialmedia.com\/petrol-head\/2005\/06\/28\/fiat-major-cost\/","title":{"rendered":"Fiat planning major costs savings"},"content":{"rendered":"<p class=\"MsoNormal\"><span lang=\"EN-GB\"><span><a href=\"http:\/\/blogs.thesocialmedia.com\/petrol-head\/files\/2012\/07\/marchionne1.jpg\"><img loading=\"lazy\" decoding=\"async\" height=\"383\" alt=\"Marchionne\" src=\"http:\/\/blogs.thesocialmedia.com\/petrol-head\/files\/2012\/07\/marchionne.jpg\" width=\"250\"  \/><\/a> Fiat Auto CEO Sergio Marchionne wants to accelerate Fiat Auto\u2019s recovery with several cost cuts, rationalizing research and development, spending less on advertising and reducing staffing. He seeks to save \u20ac105 million in 2005 and \u20ac180 million in 2006 on wages, \u20ac150 million on communication and \u20ac200 million on R&amp;D. Even if GM gave Fiat \u20ac1.55 billion for breaking their alliance, Fiat\u2019s situation is not safe yet. It should soon be better off with such new models as the Punto III, the new Croma or the oncoming SUV, but then, the brand has to face the misfortunes of the Punto II, Idea and Stilo. Marchionne hopes Fiat will break even in 2006.<br \/><\/span><\/span><span><span lang=\"EN-GB\">Fiat chairman Luca Cordero Di Montezemolo announced Fiat\u2019s priority is to find industrial partners to create such alliances as that made with PSA, since 2 of their main markets, <\/span><span lang=\"EN-GB\">Italy <\/span><span lang=\"EN-GB\">and <\/span><span lang=\"EN-GB\">Poland<\/span><span lang=\"EN-GB\">, are not performing well at all. We know that there have been negotiations with <a href=\"http:\/\/taiping.blogspot.com\/2005\/04\/china-to-rescue-saic-shanghai.html\">SAIC<\/a>, Suzuki and <a href=\"http:\/\/sifybroadband.techwhack.com\/204\/20050510-tata-telecom-in-india\/\">Tata<\/a>. Besides, he claimed the rumours of Ferrari being brought to the market were not founded. Fiat\u2019s situation seems to become clearer and clearer, with a stabilized management team and an array of new models, such as the Alfa 159, Fiat Punto III or Lancia Delta III in 2006.<span>&nbsp; <\/span>Besides, Marchionne confirmed there would a big crossover made by Maserati, a brand he hopes to see sell 10,000 vehicles a year as soon as 2007. Anyway, everything still depends on the success of the new Punto.<\/span><\/span><\/p>\n<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fiat Auto CEO Sergio Marchionne wants to accelerate Fiat Auto\u2019s recovery with several cost cuts, rationalizing research and development, spending less on advertising and reducing staffing. He seeks to save \u20ac105 million in 2005 and \u20ac180 million in 2006 on wages, \u20ac150 million on communication and \u20ac200 million on R&amp;D. Even if GM gave Fiat [&hellip;]<\/p>\n","protected":false},"author":353,"featured_media":1591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-1302","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fiat"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fiat planning major costs savings - Petrol Head<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.thesocialmedia.com\/petrol-head\/2005\/06\/28\/fiat-major-cost\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Fiat planning major costs savings - Petrol Head\" \/>\n<meta name=\"twitter:description\" content=\"Fiat Auto CEO Sergio Marchionne wants to accelerate Fiat Auto\u2019s recovery with several cost cuts, rationalizing research and development, spending less on advertising and reducing staffing. He seeks to save \u20ac105 million in 2005 and \u20ac180 million in 2006 on wages, \u20ac150 million on communication and \u20ac200 million on R&amp;D. 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