Marchionne being treated in Zurich’s University Hospital

CEO Sergio Marchionne

Fiat Chrysler CEO Sergio Marchionne was being treated in a Zurich hospital on Sunday with a serious illness as he was suffering complications after shoulder surgery. A Fiat Chrysler spokesman verified Marchionne was in Zurich’s University Hospital, which is among the country’s largest medical centers. The spokesman did not offer details about the CEO’s condition […]

Fiat Chrysler shares drop following the recent diesel emissions allegations

Fiat Chrysler Automobiles FCA

Fiat Chrysler Automobiles (FCA) shares dropped over 3 percent in New York trading on Friday in middle of investor concern about allegations mounted in court filings concerning alleged excess diesel emissions. The U.S. Justice Department submitted a civil lawsuit against Fiat Chrysler and its VM Motori SpA unit in May last year, alleging the automaker […]

Fiat Chrysler to recall 228,508 trucks to work on shifter issue

Fiat Chrysler Automobiles FCA

Fiat Chrysler Automobiles NV’s U.S. unit stated on Friday it would recall about 228,508 trucks in the United States, Canada, Mexico and some other countries to prevent drivers from accidentally shifting their vehicles from “park”. The brake transmission shift interlock (BTSI) might overheat on some vehicles, FCA US LLC stated, including that it would cause […]

Fiat Chrysler, Waymo broadens deal for self-driving ride-hailing service

Alphabet's Waymo self-driving car

Fiat Chrysler Automobiles NV (FCA) will provide Waymo with thousands of Pacifica hybrid minivans as Alphabet Inc’s self-driving unit starts presenting its first public ride-hailing service later this year, the companies stated on Tuesday. Depending on its scope and scale, the agreement could put pressure on other similar companies like Uber Technologies Inc and General […]

Fiat Chrysler CEO says there are no plans to sell brands to Chinese

CEO Sergio Marchionne

Fiat Chrysler Automobiles (FCA) has no intention of separating the company or selling individual brands China or others, the company’s CEO stated on Monday, including that the group was depending on its desired Jeep brand to drive future revenues. “We’re not going to separate anything,” CEO Sergio Marchionne stated at a news conference at the […]

Fiat Chrysler recalls 162,000 minivans due to glitch that may cause stall

Fiat Chrysler Automobiles FCA

Fiat Chrysler Automobiles NV stated on Friday it was recalling over 162,000 2017 Chrysler Pacifica minivans because a software glitch may trigger the vehicles to stall. The automaker said one mishap had possibly been linked to the problem. Under an uncommon set of conditions, a vehicle’s engine control module may improperly assess the engine’s operating […]

Fiat Chrysler to invest $1 billion in Michigan auto plant, create 2,500 jobs

Fiat Chrysler Automobiles FCA

Fiat Chrysler Automobiles stated it will move production of Ram heavy-duty pickup trucks from Mexico to Michigan in 2020, a move that decreases the threat to the automaker’s profit should President Donald Trump pull the United States from the North American Free Trade Agreement (NAFTA). Fiat Chrysler stated would create 2,500 jobs at a factory […]

Fiat Chrysler discussing potential diesel emissions settlement

Fiat Chrysler Automobiles FCA

Lawyers for Fiat Chrysler Automobiles NV and owners of the automaker’s diesel-powered vehicles are in settlement talks over accusations of excess diesel emissions, a court-appointed adviser stated Tuesday. In May, the U.S. Justice Department took legal action against Fiat Chrysler, accusing the company of unlawfully using software that resulted in excess emissions in almost 104,000 […]