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 […]

Volkswagen, Fiat Chrysler and Renault lead emissions-driven European sales decline

2018 Volkswagen Atlas images

Volkswagen Group, Fiat Chrysler and Renault led a 23.4 percent European car sales reduction in September, the major regional industry body stated on Wednesday, as automakers still suffer from the introduction of stricter new emissions tests. Registrations dropped to 1.12 million cars in European Union and European Free Trade Association (EFTA) countries earlier month from […]

Regulators received ‘wake-up call’ over fuel rules, says Fiat Chrysler

Fiat Chrysler Automobiles FCA

Fiat Chrysler Automobiles NV stated that U.S. regulators have got a “wake-up call” from automakers regarding the hurdles they face in trying to meet increasing Obama-era fuel-efficiency standards. In day two of a three-day public hearing regarding the Trump administration’s proposal to freeze fuel-efficiency standards at 2020 levels through 2026, automakers prompted regulators to continue […]

Renault, Volkswagen and Fiat Chrysler sales rise before stricter EU emissions tests

Renault Alpine A110 Sportscar 2017 Geneva show

Renault, Volkswagen and Fiat Chrysler led a 29.8 percent European car sales increase last month, the major regional industry body stated, as automakers used discounts to clear inventory prior tougher emissions tests. Registrations throughout Europe rose to 1.17 million cars, well over usual levels for the slow month of August and the 902,870 gained in […]

U.S. to investigate India’s Mahindra over Fiat Chrysler Jeep complaint

Mahindra XUV500

A U.S. regulator stated on Tuesday it would start an investigation into an off-road utility vehicle produced by Mahindra and Mahindra Ltd after a complaint by Fiat Chrysler Automobiles NV that it infringed upon the intellectual property rights of its Jeep design. The U.S. International Trade Commission (ITC) stated that it was starting a patent-related […]

Fiat Chrysler new CEO to announce plans for organization by end month

Fiat Chrysler Automobiles FCA

Fiat Chrysler new CEO Mike Manley is going to announce his organizational preparations for the automaker by the end of September, the group’s chairman stated at a shareholder meeting called to vote on the appointment of the new manager following former CEO Sergio Marchionne’s sudden death. “When we learned Sergio Marchionne could not return to […]

Marchionne being treated in Zurich’s University Hospital

CEO Sergio Marchionne

Fiat Chrysler CEO Sergio Marchionne was being treated in a Zurich hospital on Sunday with a serious illness as he was suffering complications after shoulder surgery. A Fiat Chrysler spokesman verified Marchionne was in Zurich’s University Hospital, which is among the country’s largest medical centers. The spokesman did not offer details about the CEO’s condition […]