Fiat Chrysler Automobiles (FCA) and CNH Industrial offices were searched on Wednesday in Germany, Italy, and Switzerland as part of an investigation initiated by German prosecutors probing emissions fraud. Engines used by Fiat, Alfa Romeo and Jeep vehicles and also in CNH Industrial’s Iveco trucks have been discovered to contain potentially illegal engine management software […]
Fiat
EU investigation into Fiat, Peugeot deal halted as regulators await data
EU antitrust regulators have suspended their investigation into Fiat Chrysler and Peugeot maker PSA’s proposed merger while waiting for the automakers to provide requested data. “This procedure in merger investigations is activated if the parties fail to provide, in a timely fashion, an important piece of information that the Commission has requested from them,” the […]
Waymo and Fiat Chrysler expand autonomous vehicle partnership
Waymo LLC and Fiat Chrysler Automobiles (FCA) are expanding their autonomous vehicle partnership to commercial vehicles, and FCA will develop wholly self-driving vehicles exclusively with Waymo going forward, the companies stated on Wednesday. Waymo, a unit of Google parent Alphabet Inc, and FCA said they will work together to develop autonomous light commercial vehicles for […]
Fiat Chrysler recalls over 900,000 vehicles due to faulty airbag covers
Fiat Chrysler Automobiles NV (FCA) said on Friday it would recall about 925,239 of its older model vehicles in the United States for replacing airbag covers on their steering wheels after 14 possibly related injuries. The recall concerns 2007-2011 Dodge Nitro SUVs, 2008-2010 Chrysler Town & Country, and Dodge Grand Caravan minivans, the Italian-American automaker […]
Federal judge dismisses General Motors’ lawsuit against Fiat Chrysler
A federal judge on Wednesday dismissed a racketeering lawsuit General Motors (GM) had filed against rival Fiat Chrysler Automobiles NV (FCA), saying the biggest U.S. automaker’s alleged injuries were not caused by FCA’s alleged breaches. GM officials said that they “strongly disagree” with the order by U.S. District Court Judge Paul Borman, whom the automaker […]
EU antitrust extend Fiat, Peugeot investigation to November 13
EU antitrust regulators have extended their investigation into Fiat Chrysler Automobiles (FCA) and Peugeot maker PSA’s proposed $50 billion merger to November 13, the European Commission said on Tuesday. “The Commission extended the deadline in agreement with the parties,” according to a spokeswoman for the EU competition enforcer. The Commission started a four-month-long probe last […]
U.S. court rejects General Motors’ call to remove judge from FCA lawsuit
A U.S. appeals court on Monday rejected General Motors’ call to remove a lower court judge from its racketeering lawsuit against Fiat Chrysler Automobiles (FCA), but said the automakers’ CEOs need not meet to settle the issue. The Sixth U.S. Circuit Court of Appeals stated U.S. District Judge Paul Borman abused his discretion by requiring […]
Fiat Chrysler resumes production at Serbia plant
Fiat Chrysler Chrysler (FCA) has resumed production at its Serbian plant, after stopping it in mid-March in response to the coronavirus outbreak, according to Tanjug news agency. The government and automakers had enforced shutdowns of factories to control the spread of the coronavirus pandemic. Due to the effects of the coronavirus outbreak on markets, FCA […]
U.S. appeals court stays order requiring GM, FCA meet to resolve lawsuit
A U.S. appeals court on Monday put a stay on a lower court’s order requiring CEOs from General Motors (GM) and Fiat Chrysler Automobiles (FCA) to resolve GM’s racketeering lawsuit. “In order to provide enough time to consider the matters raised in GM’s petition, and having considered the relevant factors, we conclude that a temporary […]
Merger with FCA among the best solutions to cope with crisis, says Peugeot CEO
PSA CEO Carlos Tavares is sure that a $50 billion merger of the owner of Peugeot vehicles with Fiat Chrysler Automobiles (FCA) will proceed as planned and deliver synergies of no less than 3.7 billion euros ($4.2 billion). The deal to form the world’s fourth-largest automaker has become even more important because of the impact […]
U.S. judge orders CEOs of GM, FCA to resolve racketeering lawsuit
A federal judge in Detroit on Tuesday ordered the CEOs General Motors and Fiat Chrysler Automobiles (FCA) to meet by July 1 and try resolving GM’s racketeering lawsuit. U.S. District Court Judge Paul Borman called on GM CEO Mary Barra and FCA CEO Mike Manley to meet in person and try resolving the case which […]
Italy reportedly authorizes guarantees for $7.1 billion loan to Fiat Chrysler
Italy has approved a decree offering state guarantees for a 6.3-billion euro ($7.1 billion) loan to Italian unit of Fiat Chrysler Automobiles (FCA), a source said, paving the way for the largest crisis loan to a European automaker. The source stated the country’s audit court had signed off on the decree, in a final step […]
Fiat Chrysler close to getting $7.1 billion state-backed loan
Fiat Chrysler Automobiles (FCA) is close enough to obtain the necessary authorizations to get a 6.3 billion euros ($7.1 billion) state-backed loan from Intesa Sanpaolo, an executive at the bank stated on Tuesday. FCA’s Italian division has tapped Italy’s COVID-19 emergency financing scheme to secure a state-backed, three-year facility to support the automaker’s operations in […]
Fiat Chrysler gets closer to state guarantee for $7.1 billion loan
Italy’s Treasury has taken another step towards approving a state guarantee for a 6.3 billion euro ($7.1 billion) loan for Fiat Chrysler Automobiles (FCA) Italian unit, a government source informed Reuters on Wednesday. The request for state support on such a large loan caused controversy in Italy as FCA is legally headquartered in the Netherlands. […]
Fiat Chrysler, Michigan are joining federal self-driving car initiative
Fiat Chrysler Automobiles (FCA) is among the nine companies participating in a U.S. Department of Transportation initiative created for improving the safety and testing transparency of self-driving cars, and Michigan is among eight states also joining the effort. But safety advocates significantly criticized the transportation department for sticking with a voluntary approach to self-driving regulation that critics […]
