A planned merger between Fiat Chrysler and Peugeot owner PSA is only going to benefit shareholders, two of the biggest Italian and French unions stated on Thursday, criticising a decision to invite labour groups in the decision. “The decision by FCA and PSA to start negotiations to merge the two groups without any involvement of […]
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Fiat Chrysler recalls 108,000 diesel Ram 1500 pickup trucks
Fiat Chrysler Automobiles NV stated on Friday it is recalling 108,000 Ram 1500 diesel-powered pickup trucks in the United States because of coolant leaks tied to reports of some fires and four small injuries. The automaker stated the recall concerns trucks from the 2014 through 2019 model years after discovering microscopic cracks in some Exhaust […]
Fiat Chrysler to construct new car battery hub in Turin
Fiat Chrysler will construct a new battery assembly complex in its Mirafiori plant located in Turin, with an initial investment of 50 million euros ($56 million), the automaker stated on Tuesday. Batteries produced in the new complex will be utilized by the new generation of full electric models that the company is preparing to present, […]
Fiat Chrysler faces $79 million U.S. penalty
Fiat Chrysler Automobiles NV on Wednesday stated it faces a $79 million U.S. civil penalty for their failure to meet 2017 fuel economy requirements, as regulators reported more car manufactures were falling short of U.S. greenhouse gas emissions standards. Fiat stated the payment is not expected to have a material influence on its business. Of […]
FCA to pay $40 million over inflated sales figures
Fiat Chrysler Automobiles NV and its U.S. unit is set to pay $40 million for misleading investors regarding its monthly sales figures and will resolve a lengthy probe by the U.S. Securities and Exchange Commission (SEC). During a five-year period from 2012 through 2016, Fiat Chrysler’s U.S. unit used a series of misleading moves to […]
Fiat Chrysler signs EV charge point deals with Enel, Engie
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 […]
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 […]
