Fiat Chrysler CEO to halve his salary for three months due to coronavirus crisis

Fiat Chrysler plant in Kragujevac, Serbia

Fiat Chrysler top executives will temporarily slash their salaries to maintain the automaker’s financial soundness because of the coronavirus crisis, CEO Mike Manley informed employees on Monday. Manley said he would halve his salary for about three months to avoid job cuts in the second quarter, according to a letter which he sent to employees. […]

Automakers, union form joint task force to limit coronavirus in the US

Detroit Three automakers, General Motors, Ford Motor, Fiat Chrysler Automobiles

American automakers General Motors, Ford Motor and Fiat Chrysler Automobiles (FCA) are forming a coronavirus task force together with the United Auto Workers (UAW) union to enhance protections for their workers and limit the spread of coronavirus. The task force, which would be concentrating on areas consisting of vehicle production plans, is being headed by […]

Coronavirus is halting plants in Europe while plants in China reopen

Fiat Chrysler is temporarily shutting four plants in Italy as coronavirus takes its toll on the world’s eighth biggest economy. The move came after a decision by the Italian government to impose sweeping restrictions on travel and public gatherings as it attempts to contain the worst outbreak of the coronavirus, also known as Covid-19, outside China. The Italian-American […]

U.S. regulator to review the complaint against Mahindra

Mahindra XUV500

A U.S. regulator stated it will review part of a recommendation made last year that Indian automaker Mahindra and Mahindra infringed upon the intellectual property rights of Fiat Chrysler Automobiles’ Jeep SUV design. The International Trade Commission (ITC) stated it would take a look into administrative law judge’s initial determination last November that Mahindra’s Roxor […]

Fiat Chrysler recalls 108,000 diesel Ram 1500 pickup trucks

Fiat Chrysler Automobiles (FCA)

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 […]

Former UAW vice president charged in corruption investigation

United Automobile Workers (UAW)

U.S. prosecutors in Detroit charged a former high-ranking United Auto Workers official in charge of the labor union’s association with Fiat Chrysler Automobiles (FCA) of misusing funds for lavish purchases for himself and other union authorities. Norwood Jewell, who headed the UAW’s FCA department from 2014 until his retirement in January last year, was charged […]

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 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 is unsure about consolidation with Great Wall Motor

Great Wall Motor

Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne stated he was unsure about consolidation with China’s Great Wall Motor was the response, pushing back against the Chinese carmaker’s earlier expressed interest in his company. Talking to press reporters, Marchionne informed there were “sensitive issues related to trans-national mergers,” and he did not think those issues had […]