Fiat Chrysler to spend $4.5 billion in Michigan for new Jeep SUV models

2018 Jeep Wrangler

Fiat Chrysler Automobiles NV stated on Tuesday it will spend $4.5 billion in five plants to construct new models of Jeeps to rival in the lucrative market for full-size, three-row SUVs presently dominated by competitors General Motors and Ford Motor. At the same time, the automaker stated it was slashing the third shift at its […]

Fiat Chrysler to cut almost 1,400 jobs at Illinois plant

Fiat Chrysler Automobiles (FCA)

Fiat Chrysler Automobiles NV stated on Tuesday it will slash almost 1,400 jobs at an Illinois assembly plant where it constructs the Jeep Cherokee sport utility vehicle. The Italian-American automaker will remove one of three shifts at the Belvidere Assembly plant beginning May 6, affecting 1,371 jobs, in order to “better align production” with worldwide […]

Fiat Chrysler paid $77 million in U.S. fuel economy penalties

Fiat Chrysler Automobiles FCA

Fiat Chrysler Automobiles NV stated on Thursday it paid $77 million in U.S. civil penalties late last year for not meeting 2016 model year fuel economy regulations, the first major sign the industry is facing hurdles meeting increasing emissions rules. The Italian-American automaker has been lobbying the Trump administration to modify fuel economy regulations and […]

Fiat Chrysler gets U.S. approval to sell new Ram pickup

2013 Ram 2500 3500

Fiat Chrysler Automobiles NV stated on Tuesday it has got approval from U.S. regulators to sell its new 2019 Ram 3500 pickup truck after the automaker had raised concerns a prolonged government shutdown could postpone the new heavy duty vehicle. The Environmental Protection Agency (EPA) granted certification for the gasoline and diesel-powered versions of the […]

Fiat Chrysler owners suing automakers in U.S. diesel case

Fiat Chrysler Automobiles (FCA)

Lawyers representing owners of Fiat Chrysler diesel vehicles informed a U.S. judge they are seeking up to $106.5 million in legal costs and out-of-pocket costs in relation with a settlement over excess vehicle emissions, but they are discussing to finalize the amount, officials stated on Wednesday. The attorneys stated in a filing late on Tuesday […]

Fiat Chrysler to pay over $700 million concerning emissions claims

Fiat Chrysler Automobiles (FCA)

Fiat Chrysler Automobiles NV is going to pay over $700 million to deal with the lawsuits from the U.S. Justice Department and diesel owners over claims it utilized illegal software to permit 104,000 diesel vehicles to emit excess emissions, three people knowledgeable on the matter stated on Wednesday. Fiat Chrysler will pay $311 million in […]

Fiat Chrysler to build second Jeep assembly plant in Detroit

Fiat Chrysler

Fiat Chrysler Automobiles (FCA) plans to construct Jeep Grand Cherokee SUVs in a mothballed Detroit plant in 2020, four people knowledgeable about the plans informed Reuters on Thursday. News of the Fiat Chrysler’s new plant leaked on the same day General Motors CEO Mary Barra was finishing a two-day visit in Washington with lawmakers critical over […]

Judge orders to hold new talks in Fiat Chrysler diesel emissions case

Fiat Chrysler Automobiles FCA

A federal judge in San Francisco has ordered the U.S. Justice Department and Fiat Chrysler Automobiles NV to start new talks with a court-appointed settlement master to attempt to settle the government’s civil suit concerning the Italian-American automaker’s diesel vehicle emissions. The Justice Department is looking for “substantial” civil fines from the automaker in a […]

KKR’s Calsonic purchases parts firm Magneti Marelli for $7.1 billion

magneti marelli

Japan’s Calsonic Kansei, owned by U.S. private equity firm KKR, has is set to purchase Fiat Chrysler’s Magneti Marelli for 6.2 billion euros ($7.1 billion) to establish the seventh-largest independent car parts supplier. The first big deal by FCA’s newly-appointed CEO Mike Manley, who took over in July following the sudden death of long-time CEO […]