cwerdna
Well-known member
As I posted at http://www.mynissanleaf.com/viewtopic.php?p=450985#p450985 and has been widely reported in the media lately, FCA asserts that gas prices will remain low and is making bets on that.
Part of this was briefly mentioned on Nightly Business Report recently and echoed at http://www.greencarreports.com/news/1102089_chrysler-throws-in-towel-on-sedans-200-dart-to-die-for-suvs-trucks/page-2.
Other similar coverage:
http://www.freep.com/story/money/cars/chrysler/2016/01/27/fca-build-more-jeeps-rams-under-new-production-plan/79393200/
http://jalopnik.com/sergio-marchionne-wants-more-cheap-gas-and-less-alfa-ro-1755597039
http://www.autonews.com/article/20160127/OEM04/160129883/fca-tilts-n.a.-production-plans-to-trucks-scales-back-alfa-ambitions
Part of this was briefly mentioned on Nightly Business Report recently and echoed at http://www.greencarreports.com/news/1102089_chrysler-throws-in-towel-on-sedans-200-dart-to-die-for-suvs-trucks/page-2.
In setting the stage for the details that were released, Marchionne said FCA does not expect low fuel prices "to fundamentally change, directionally," and that it believes U.S. buyers' shift toward SUVs, crossover utility vehicles, and pickup trucks is permanent.
He did not directly address the risks of the plan should gasoline prices rise sharply and suddenly as they did in 2008.
Other similar coverage:
http://www.freep.com/story/money/cars/chrysler/2016/01/27/fca-build-more-jeeps-rams-under-new-production-plan/79393200/
http://jalopnik.com/sergio-marchionne-wants-more-cheap-gas-and-less-alfa-ro-1755597039
http://www.autonews.com/article/20160127/OEM04/160129883/fca-tilts-n.a.-production-plans-to-trucks-scales-back-alfa-ambitions
http://www.pressherald.com/2016/01/27/fiat-shifting-focus-toward-jeeps-ramsconvinced-that-cheap-gas-is-here-to-stay-the-automaker-expects-to-satisfy-market-demands/CEO Sergio Marchionne said low fuel prices are “not expected to fundamentally change directionally,” and that “there’s been a permanent shift toward SUVs and pickups.”
FCA added that it believes low gas prices are a here to stay, at least for the foreseeable future.
As a result, the company said it must refocus its energy on developing the SUVs and pickups that Americans want and are buying.