Automaker Fiat Chrysler (FCA) has signed an agreement with European utilities Enel and Engie to assist provide its customers charging points for electric vehicles (EV) it is preparing to roll out. FCA, which is lagging competitors in developing electrified vehicles, stated last June it is going to invest 9 billion euros ($10 billion) during the […]
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Judge authorizes Fiat Chrysler diesel emissions settlement in the US
A federal judge in San Francisco on Friday authorized a $307.5 million civil settlement for about 100,000 U.S. owners of Fiat Chrysler diesel vehicles that the government stated had illegal software that enabled them to emit excess emissions. Under the settlement authorized by Judge Edward Chen, about 100,000 owners and lessees of Ram 1500 and […]
FCA sees pickup trucks making profits in rest of 2019
Fiat Chrysler Automobiles NV (FCA) stated on Friday that new U.S. pickup truck models would assist the automaker achieve its 2019 profit targets and offset a weak performance in the first quarter. Almost all – 98 percent – of the Italo-American automaker’s first-quarter profit was powered by its Ram pickup truck. FCA’s U.S. sales dropped […]
Fiat Chrysler picks Google, Samsung for globally connected car system
Fiat Chrysler stated on Tuesday it will use technology from Alphabet Inc’s Google and Samsung to connect all its automobiles by 2022, giving music and video and facilitating future car-sharing and self-driving capabilities. Fiat Chrysler Automobiles NV (FCA) will utilize Google’s Android operating system worldwide in place of a mixture of software that differs by […]
Fiat Chrysler recalls 320,000 Dart cars in North America
Fiat Chrysler Automobiles NV said Friday it is recalling over 320,000 Dodge Dart compact cars in North America that could roll away due to a problematic part that could allow the shift cable to disconnect from the transmission. The automaker stated the recall spans 2013 through 2016 model year automatic transmission Dart cars and that […]
Fiat Chrysler to pay $110 million to settle American investor suit
Fiat Chrysler Automobiles NV has accepted to pay $110 million to settle a lawsuit accusing it misled U.S. investors over excess diesel emissions and failed to adhere with federal safety regulations, court records reveal. The company stated on Monday it “continues to vigorously deny the allegations of wrongdoing made in this lawsuit” and stated the […]
Exor discusses long-term commitment to Fiat Chrysler
Exor, the holding company of the Agnelli family, is still committed to Fiat Chrysler Automobiles (FCA), chairman John Elkann stated, in comments that may reduce speculation the Italian automaker could be the target of a takeover. “Our permanence in the capital of FCA has given its successive leadership teams the latitude to plan for the […]
Fiat Chrysler to cut 1,500 jobs at Ontario minivan plant
Fiat Chrysler Automobiles NV stated on Thursday it will cut one shift at its Windsor, Ontario, assembly plant where it constructs minivans, which will lead the loss of 1,500 jobs. The automaker stated the elimination of the shift, that will take effect on September 30, was to address declining global demand. The automaker stated it […]
Volkswagen not interested in any tie-up with Fiat Chrysler says CEO
Volkswagen is not interested in a tie-up with competitor Fiat Chrysler as the German automaker’s efforts were all focused internally, CEO Herbert Diess informed Il Sole 24 Ore and other two newspapers. Asked if Volkswagen was interested in Fiat Chrysler’s premium brands like Alfa Romeo and Maserati, Diess stated VW group “already owns luxury brands”.
Fiat Chrysler open to mergers and alliances but rules out Maserati sale
Fiat Chrysler (FCA) is open to alliances and merger talks but a sale of its luxury brand Maserati is not an option, Chief Executive Mike Manley stated in Geneva on Tuesday. “We have a strong independent future, but if there is a partnership, a relationship or a merger which strengthens that future I will look […]
Fiat Chrysler to spend $4.5 billion in Michigan for new Jeep SUV models
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 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 sets $14 million annual target compensation for CEO
Fiat Chrysler Automobiles NV (FCA) has set an annual compensation target for CEO Mike Manley consisting of pay, cash and equity bonuses of $14 million, the automaker stated in a regulatory filing on Friday. Manley took over as the head of FCA on July 2018 after the unexpected departure of his predecessor Sergio Marchionne. The […]
Fiat Chrysler paid $77 million in U.S. fuel economy penalties
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 recalls 882,000 pickup trucks worldwide
Fiat Chrysler Automobiles NV stated on Tuesday it would recall 882,000 pickup trucks globally in two new recalls to address issues with steering and pedal. The automaker stated it was recalling about 660,000 heavy duty Ram 2500 and 3500 pickup trucks from the 2013 through 2017 model years, consisting of 574,000 in the United States, […]
