French automaker PSA confirmed on Wednesday that discussions were underway with Italian peer Fiat to create a new world leader in the auto industry. Fiat Chrysler has stated before as well that they are open to alliances and mergers with other automakers, since the times of late FCA CEO Sergio Marchionne.
Fiat Chrysler CEO Sergio Marchionne said on Tuesday he was anticipating meeting Volkswagen CEO Matthias Mueller to go over a possible tie-up in between the two automakers however included he hadn’t seen his counterpart in 6 to 7 months. Marchionne has long promoted car industry mergers to share the expenses of making cleaner and more […]
Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne is still interested in a merger with General Motors, stating on last week that it still made sense after General Motors sold its European operations to PSA Group. Marchionne has long promoted more vehicle market mergers to share the prohibitive expenses of making cleaner and more technically advanced […]
Fiat Chrysler Automobiles (FCA) is still attempting to win U.S. approval to offer 2017 diesel models as the United States government chooses whether to take legal action, CEO Sergio Marchionne stated last week. In January, the Environmental Protection Agency (EPA) and California Air Resources Board (CARB) alleged the Italian-American automaker of unlawfully utilizing hidden software […]
Fiat Chrysler CEO Sergio Marchionne complained regarding emissions regulations in the European Union, stating that the single market was meant “to avoid this mess”. “Bad rules are also applied in a different way in each country, making the worst solution that could be invented,” Marchionne stated. FCA is dealing with a U.S. criminal investigation for […]
Fiat Chrysler Automobiles (FCA) is preparing to include 400 stores to its U.S. dealership network in a bid to recover market share. As per the sources that spoke to Automotive News, the nationwide growth is currently underway in particular regions of the nation, with construction being performed on new Chrysler-Jeep-Dodge-Ram storefronts in markets with high […]
Fiat Chrysler CEO Sergio Marchionne states the company is over half way to finishing its goal of eliminating its substantial debt. Marchionne set out plans to pursue getting rid of FCA’s debt in between 2014 and 2018. The car manufacturer owed a reported $7 billion at the end of the third quarter of 2017, however […]