U.S. appeals court stays order requiring GM, FCA meet to resolve lawsuit

General Motors and Fiat Chrysler Automobiles

A U.S. appeals court on Monday put a stay on a lower court’s order requiring CEOs from General Motors (GM) and Fiat Chrysler Automobiles (FCA) to resolve GM’s racketeering lawsuit. “In order to provide enough time to consider the matters raised in GM’s petition, and having considered the relevant factors, we conclude that a temporary […]

Ford, Volkswagen to stay neutral on challenges to new vehicle emissions rules

california road

Four major automakers will remain neutral by taking no position on legal challenges to the Trump administration’s decision to weaken Obama-era fuel economy standards but want to weigh in on any court fix, according to a document read by Reuters. The Trump administration in March finalized a rollback of U.S. vehicle emissions standards to require […]

Merger with FCA among the best solutions to cope with crisis, says Peugeot CEO

FCA Peugeot

PSA CEO Carlos Tavares is sure that a $50 billion merger of the owner of Peugeot vehicles with Fiat Chrysler Automobiles (FCA) will proceed as planned and deliver synergies of no less than 3.7 billion euros ($4.2 billion). The deal to form the world’s fourth-largest automaker has become even more important because of the impact […]

Dodge and Kia Motors top J.D. Power quality study

Fiat Chrysler’s Dodge and Kia Motors have topped an initial quality study of new vehicles sold in the United States based on owner responses, industry consultant J.D. Power stated on Wednesday. The study observed problems experienced by owners of new 2020 model-year vehicles in the first 90 days of ownership and figured out their initial […]

Fiat Chrysler close to getting $7.1 billion state-backed loan

Fiat Chrysler Automobiles (FCA)

Fiat Chrysler Automobiles (FCA) is close enough to obtain the necessary authorizations to get a 6.3 billion euros ($7.1 billion) state-backed loan from Intesa Sanpaolo, an executive at the bank stated on Tuesday. FCA’s Italian division has tapped Italy’s COVID-19 emergency financing scheme to secure a state-backed, three-year facility to support the automaker’s operations in […]

Fiat Chrysler gets closer to state guarantee for $7.1 billion loan

Fiat Chrysler Automobiles FCA

Italy’s Treasury has taken another step towards approving a state guarantee for a 6.3 billion euro ($7.1 billion) loan for Fiat Chrysler Automobiles (FCA) Italian unit, a government source informed Reuters on Wednesday. The request for state support on such a large loan caused controversy in Italy as FCA is legally headquartered in the Netherlands. […]

Fiat Chrysler, Michigan are joining federal self-driving car initiative

Detroit Michigan

Fiat Chrysler Automobiles (FCA) is among the nine companies participating in a U.S. Department of Transportation initiative created for improving the safety and testing transparency of self-driving cars, and Michigan is among eight states also joining the effort.  But safety advocates significantly criticized the transportation department for sticking with a voluntary approach to self-driving regulation that critics […]

U.S. regulator sides with Fiat Chrysler over Jeep trade case against Mahindra

Mahindra KUV100

A U.S. regulator ruled that Indian automaker Mahindra and Mahindra Ltd infringed upon the intellectual property rights of Fiat Chrysler Automobiles (FCA) Jeep brand, stopping the sale of the vehicles in question. The International Trade Commission, in a decision issued Thursday, said Mahindra’s Roxor off-road utility vehicle breached the “trade dress” of FCA’s Jeep Wrangler […]

Fiat, PSA to face EU antitrust probe with relation to $50 billion merger

FCA Peugeot

Fiat Chrysler Automobiles (FCA) and Peugeot maker PSA a lengthy EU antitrust investigation after refusing to offer concessions to allay EU antitrust concerns about their $50 billion merger, people knowledgeable with the matter said on Wednesday. Fiat and PSA, which are seeking to form the world’s fourth-biggest automaker, were informed last week that their combined […]

Fiat Chrysler plans to restart Panda car production on June 16

Fiat Panda XL

Fiat Chrysler Automobiles (FCA) prepares to restart production of its Panda small car at its plant in Pomigliano, near Naples located in southern Italy, on June 16, a union representative said on Wednesday. The government and automakers had enforced shutdowns of factories to control the spread of the coronavirus pandemic. The resumption, initially scheduled for […]

Italy confident that government, Fiat can complete state-backed loan

fiat logo

Italy’s Economy Minister Roberto Gualtieri stated on Friday he was confident the government and Fiat Chrysler Automobiles (FCA) would be able to finish a deal over a state-backed loan for the automaker. Fiat Chrysler’s Italian division is collaborating with the government and lender Intesa Sanpaolo to grab 80% state guarantees on a 6.3 billion euro […]

FCA has to boost investments in Italy to seek state-backed loan, says Economy Minister

Fiat Chrysler Automobiles FCA

Italy’s Economy Minister Roberto Gualtieri on Monday stated that Fiat Chrysler Automobiles (FCA) has to strengthen investments in the country and avoid delocalizing its plants outside the national borders to apply for a state backed loan. “We have asked for additional commitments to the already stringent commitments (set for such loans): all the planned investments […]

Fiat Chrysler entitled to seek state-backed loan, says Italian PM

Fiat Chrysler Automobiles (FCA)

Italian Prime Minister Giuseppe Conte stated on Saturday that Fiat Chrysler Automobiles (FCA) was entitled to apply for the country’s state-backed loans as the automaker employs thousands of workers in the country, even though its legal base is located outside the country. The Italian-American group confirmed on Saturday its Italian unit was working with the […]