Fiat Chrysler owners suing automakers in U.S. diesel case

Fiat Chrysler Automobiles (FCA)

Lawyers representing owners of Fiat Chrysler diesel vehicles informed a U.S. judge they are seeking up to $106.5 million in legal costs and out-of-pocket costs in relation with a settlement over excess vehicle emissions, but they are discussing to finalize the amount, officials stated on Wednesday. The attorneys stated in a filing late on Tuesday […]

Fiat Chrysler to pay over $700 million concerning emissions claims

Fiat Chrysler Automobiles (FCA)

Fiat Chrysler Automobiles NV is going to pay over $700 million to deal with the lawsuits from the U.S. Justice Department and diesel owners over claims it utilized illegal software to permit 104,000 diesel vehicles to emit excess emissions, three people knowledgeable on the matter stated on Wednesday. Fiat Chrysler will pay $311 million in […]

Fiat Chrysler may reconsider $5.7 billion plan if Italy taxes diesel, petrol vehicles

Fiat Geneva Motor Show special edition

Fiat Chrysler (FCA) could reconsider its 5 billion euro ($5.7 billion) Italian investment plan, which consists of a shift to cleaner engines, if Rome increases taxes on petrol and diesel cars. “Were these measures to be confirmed as of 2019, a thorough examination of their effect and an update to strategies already announced would be […]

Fiat Chrysler to build second Jeep assembly plant in Detroit

Fiat Chrysler

Fiat Chrysler Automobiles (FCA) plans to construct Jeep Grand Cherokee SUVs in a mothballed Detroit plant in 2020, four people knowledgeable about the plans informed Reuters on Thursday. News of the Fiat Chrysler’s new plant leaked on the same day General Motors CEO Mary Barra was finishing a two-day visit in Washington with lawmakers critical over […]

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 […]

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 […]