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Marchionne Unveils His Final FCA Plan Before Retirement BALOCCO, Italy (AP) – in His Nificant Part of Our Revenues,” at Merger with Bankrupt U.S

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Marchionne Unveils His Final FCA Plan Before Retirement BALOCCO, Italy (AP) – in His Nificant Part of Our Revenues,” at Merger with Bankrupt U.S [email protected] ®Detroit AutoScene ® “FIRSTINTHEHEARTOFDETROIT” VOL. 86 NO. 21 ESTABLISHED 1933 AS NEW CENTER NEWS AND 1983 AS OAKLAND TECH NEWS JUNE 4, 2018 Marchionne Unveils His Final FCA Plan Before Retirement BALOCCO, Italy (AP) – In his nificant part of our revenues,” at merger with bankrupt U.S. car- last big presentation as CEO of Fi- Marchionne said. Plans for the maker Chrysler and the spin-offs at Chrysler before retiring next brands relied heavily on adding the industrial vehicle business year, Sergio Marchionne said electrified powertrains, a tech- and sports carmaker Ferrari. June 1 that the Italian-American nology where Fiat Chrysler has The 65-year-old Italian-Canadian carmaker will this month hit its lagged. has his successor as CEO will long-held goal of having no debt Notably absent were the mar- come from within the company. as it turns its focus to making quee brands: Fiat and Chrysler, In a break from fashion tradi- more electrified cars. which both represent the less- tion, Marchionne unzipped a knit As he announced the compa- profitable passenger cars cur- cardigan to reveal a blue tie - the ny’s five-year plan, Marchionne rently off consumers’ radar, par- first, he said, he has worn in a broke with personal style and ticularly in the United States, decade. It is a gesture he had donned a tie instead of his signa- where Fiat Chrysler makes more promised if Fiat eliminated debt, ture sweater, as he said he would most of its profits, but also in which he said will happen by the if the debt target was reached. fast-growing China. end of the month. Marchionne is The daylong presentation of The business plan is Mar- famous for unfailingly wearing targets focused on Jeep SUVs, chionne’s grand finale, 14 years navy blue cashmere sweaters and Ram trucks and premium brands to the day after he was named Fi- never a tie, no matter the event. Maserati and Alfa Romeo, which at CEO. His tenure has included together “comprise the most sig- landmark deals, including the Fi- Marchionne celebrated FCA’s being debt free by wearing a neck tie. CONTINUED ON PAGE 5 GM, SoftBank Investing in New Technology General Motors is joining progress over the last two hardware and software stack forces with the SoftBank Vision years,” said Barra. “Teaming up gives it a unique competitive ad- Fund. with SoftBank adds an additional vantage. We are very impressed The deal was finalized on May strong partner as we pursue our by the advances made by the 30, and the Fund will invest $2.25 vision of zero crashes, zero emis- Cruise and GM teams, and are billion in GM Cruise, further sions and zero congestion.” thrilled to help them lead a his- strengthening the company’s “GM has made significant toric transformation of the auto- plans to commercialize AV tech- progress toward realizing the mobile industry.” nology at large scale. GM will al- dream of completely automated “We’re excited to be joining so invest $1.1 billion in GM driving to dramatically reduce fa- forces with a tech leader who Cruise upon closing of the trans- talities, emissions and conges- shares our belief that AV technol- action, said GM Chairman and tion,” said Michael Ronen, man- ogy will change the world,” said CEO Mary Barra. aging partner, SoftBank Invest- GM President Dan Ammann. “We “Our Cruise and GM teams to- ment Advisers. “The GM Cruise Ammann (left) and Barra (right) give Ronen a look at the Cruise AV. gether have made tremendous approach of a fully integrated CONTINUED ON PAGE 3 Power Races Penske Chevy to Indy Victory Talk about living up to one’s zon IndyCar Series (VICS) cham- anapolis 500 victory dating to name. The winner of the 102nd pion, started on the outside of 1988 when Rick Mears won from Indianapolis 500 was Will Power. the front row in the No. 12 Veri- the pole for Team Penske. Since Victory hasn’t come easy for zon Team Penske Chevrolet for its return to Verizon IndyCar Se- Power, said GM spokeswoman the 200-lap race. Ambient tem- ries competition in 2012 with the Afaf Farah. The racer didn’t se- perature was 91 degrees, tied for 2.2-liter twin-turbocharged, di- cure his first oval victory until second-highest in race history. rect-injected V6 engine, Team his eighth Indy car season in Power led for 59 laps. Chevy has posted three 1-2 fin- 2011. But his seventh win, the “I can’t describe it. I feel like ishes. 2018 Indianapolis 500, proved to collapsing. I want to cry. I was “Will Power showed speed all be the biggest one of his career. wondering if I would ever win it month and today he delivered a The win also proved to be a suc- and thoughts went through my huge win for his team, Roger cess for Chevrolet Racing. mind during the month,” said Penske and Chevrolet,” said Jim Power led a 1-2 Chevrolet Power, who in 10 previous starts Campbell, GM’s U.S. vice presi- sweep of the 102nd Indianapolis came closest to winning in 2015 dent of Performance Vehicles and 500 presented by PennGrade Mo- with a runner-up finish to fellow Motorsports. “Will and his crew Ford repurposing this old Corktown factory to develop new technology. tor Oil with a 3.1589-second vic- Team Chevy driver Juan Pablo never gave up all race. They kept tory over pole-sitter Ed Carpen- Montoya. “This was the last box making the right adjustments on ter, Farah said. to tick, but I’m not done.” Power, who was the 2014 Veri- Chevrolet claimed its 10th Indi- Corktown Has Renaissance; CONTINUED ON PAGE 6 Ford to Use Former Factory The trend of new construction gives our teams the workspace in downtown Detroit is continu- they need to promote collabora- ing, thanks to Ford. tion and big thinking, and an ur- Marking its return to the Motor ban setting that delivers crucial City, Ford is moving its electric insight for both programs.” vehicle and autonomous vehicle Serving as home to a number business teams into a refur- of companies over its 110-year bished former factory located in history, the former factory is lo- Detroit’s historic Corktown cated in a thriving neighborhood neighborhood, said Ford spokes- that gives Ford teams the oppor- woman Emma Bergg. tunity to immerse themselves in Much more than just a reloca- the lifestyle and mobility chal- tion, the move is a purpose-dri- lenges of an urban environment, ven strategic decision, offering a Bergg said. This daily immersion new work environment and cus- allows them to identify problems tomizable workspace that will and generate solutions that will enable the acceleration of Ford’s inform the development of the push into electrification and company’s self-driving and elec- strengthen its development of tric vehicles. self-driving vehicles said Sherif The historic 45,000-square-foot Marakby, Ford vice president, building has undergone exten- Autonomous Vehicles and Elec- sive renovation to bring about trification. optimal working conditions for “Moving our teams to Cork- employees dedicated to autono- town will further enhance our my and electrification, Bergg electric and autonomous vehicle development,” said Marakby. “It Race car driver Will Power entered the Indy 500 victory lane with the help of a powerful Chevy race engine. CONTINUED ON PAGE 4 View This Week’s Edition at http://DetroitAutoScene.com PAGE 2 DETROITAUTOSCENE JUNE 4, 2018 Detroit AutoScene ® GM, UAW Show Off Robots to 5th Grade Girls 31201 Chicago Road South GM Warren Transmission Op- Warren, Michigan 48093 erations and UAW Local 909 re- 586-939-6800 cently hosted nearly 130 5th grade girls from three local Contact us: schools to participate in the [email protected] plant’s first annual Get WISE Deadline: Thursday 5:00 p.m. (women in science and engineer- for the next edition of Monday ing) program. The May 24 event was de- William Springer II, publisher signed to educate students about Lisa A. Torretta, operations various career opportunities re- Jim Stickford, news lated to science and engineering, Detroit Auto Scene is a registered said GM spokesman Kevin trademark of Springer Publishing Co. Nadrowski. www.DetroitAutoScene.com While on the production floor tour, students received real-world engineering experi- ence through manufacturing Hyundai Invests overviews and hands-on demon- strations, Nadrowski said. War- Millions in ren hourly and salaried team members showcased processes Alabama Plant used by the plant to produce 6- MONTGOMERY, Ala. (AP) – Of- speed transmission and electric ficials say Hyundai is planning to drive units that power some of invest more than $350 million to GM’s exciting vehicles. build a plant in Alabama and al- Students learned about torque so update an existing one there. settings and controls, how to News outlets report the auto- program a robot, participated in motive manufacturer with head- a self-guided vehicle demonstra- Macomb County Students learning about STEM got to observe robots in action at GM Transmission in Warren. quarters in Seoul, South Korea, tion, competed in team STEM announced May 29 that it will in- challenges, and had the opportu- students from Warren Woods empowers girls to believe they exposes young women to STEM- vest $388 million to construct nity to interact with professional Public Schools, Fitzgerald Public are unique young women who related careers and helps stu- the 260,000-square-foot (24,000- women in STEM (science, tech- Schools, and Warren Consolidat- can do anything in life with confi- dents envision a career in engi- square-meter) engine head man- nology, engineering and math) ed Schools.
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