Fiat Chrysler is moving to reject a racketeering lawsuit filed by competing automaker General Motors, rejecting allegations that it bribed union officials to impose higher labor costs on GM. In papers submitted Friday with the federal court in Detroit, FCA argued that GM’s lawsuit is far from facts. It also said that even if the […]
Fiat
Peugeot merger talks progressing well, says CEO Michael Manley
Fiat Chrysler’s CEO Michael Manley stated on Wednesday that merger talks with Peugeot owner PSA to form the world’s No. 4 automaker are progressing well and he hopes to have a deal completed under 12-14 months. Discussing with Reuters on the sidelines of an industry meeting, Manley said he doesn’t expect any major hindrance that […]
Fiat Chrysler in talks with Foxconn for making electric cars
Automaker Fiat Chrysler prepares to set up a joint venture with the parent of iPhone assembler Foxconn to make electric cars and develop internet-connected vehicles in China, as it looks to form ground in electric mobility. Fiat Chrysler (FCA) – which is set to release its first full-electric model, the 500 small car, this year […]
Peugeot family wants to quickly increase PSA-Fiat Chrysler stake
The Peugeot family, which is set to own a 6.2% stake in the new automaker resulting from PSA and Fiat Chrysler’s merger, aims to boost its holding as soon as possible, a representative stated in an interview. PSA and Fiat Chrysler agreed to a binding agreement earlier month on a $50 billion tie-up that will […]
Fiat Chrysler to meet unions Friday to discuss merger deal with PSA
Fiat Chrysler will meet Italian trade unions in Turin on Friday to talk about the details of a merger deal with French competitor PSA, the FIM-CISL union stated on Wednesday. Fiat Chrysler (FCA) and PSA confirmed on Wednesday they had agreed to a binding $50 billion merger to form the world’s fourth-largest automaker. FIM-CISL stated […]
UK union seeks guarantees on manufacturing following Peugeot-Fiat merger
Britain’s biggest union is looking forward to guarantees on the long-term future of Peugeot’s plants located in Britain following the French automaker’s binding of a deal on Wednesday with Fiat Chrysler to form the world’s fourth-biggest carmaker. Peugeot runs a car factory located in northern England where it constructs the Opel/Vauxhall Astra. In June, the […]
Fiat Chrysler and Peugeot agree to $50 billion merger
Fiat Chrysler and Peugeot maker PSA deal with the challenge of winning over regulators and delivering on a commitment to cut costs without shutting down factories after sealing a binding deal to form the world’s fourth biggest automaker. Both tasks are likely to prove difficult, as two of the industry’s oldest dynasties attempt to combine […]
Fiat lodges appeal to Europe’s top court against $33 million EU tax order
Fiat Chrysler has made an appeal to Europe’s top court against an EU order to pay 30 million euros ($33 million) in Luxembourg back-taxes, looking to overturn a lower tribunal ruling backing EU antitrust regulators. Fiat lodged its appeal to the Luxembourg-based Court of Justice of the European Union (CJEU), two months following the dismissal […]
FCA challenges Italy tax agency concerning the value of U.S. business
Fiat Chrysler Automobiles (FCA) has challenged a claim by Italy’s tax officials over the valuing of its U.S. Chrysler business that could leave it with an unwanted tax bill just days prior to an expected key merger agreement with Peugeot owner PSA. On Wednesday, a source knowledgeable with the matter stated the Italian tax agency […]
UAW members recommend approval of Fiat Chrysler labor deal
Union members of United Auto Workers from Fiat Chrysler Automobiles NV’s U.S. plants on Wednesday recommended authorization of a tentative labor agreement that would permit the Italian-American automaker to prevent a strike as it collaborates to merge with France’s Groupe PSA. Fiat Chrysler (FCA) and PSA, the innovator of Peugeot and Citroen, in October declared […]
FIOM says new models needed for full employment at FCA’s Turin plant
FIOM, the Italian metalworker union, on Monday, called on Fiat Chrysler to come up with new car models to be produced in its home town of Turin to make sure that the Mirafiori plant there reaches full employment. In October Fiat Chrysler and Peugeot owner PSA revealed strategies to form a $50 billion group, set […]
Fiat Chrysler reaches provisional labor deal with UAW
Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union on Saturday declared a tentative agreement for a four-year labor contract, which is good for the automaker as it works to merge with France’s Groupe PSA. Fiat Chrysler and PSA had earlier announced a planned $50 billion merger to form the world’s fourth-largest automaker. […]
Fiat Chrysler, PSA will sign merger agreement in coming weeks
Fiat Chrysler and PSA have informed their employees they would sign a binding merger agreement in the coming weeks. In two independent communications through internal channels, obtained by Reuters on Tuesday, the two companies informed the employees that over 50 people were involved in the process. FCA and PSA are in talks to finalize a […]
Fiat has started 90% of planned investments in Italy, says executive
Fiat Chrysler has already started 90% of the investments earmarked for Italy, the automaker’s COO for the EMEA region Pietro Gorlier stated on Monday. FCA – which is finalizing merger talks with France’s Peugeot owner PSA – announced in 2018 that it would invest 5 billion euros ($5.5 billion) in Italy up to 2021. The […]
Fiat Chrysler to recall almost 700,000 SUVs due to electrical fault risk
Fiat Chrysler Automobiles NV stated on Thursday it is going to recall almost 700,000 sport utility vehicles worldwide due to a faulty electrical connection that could prevent engine starts or contribute to a stall. The recall, concerning 2011 through 2013 model year Dodge Durango and Jeep Grand Cherokee SUVs, is set to address silicon deposits […]
