FCA challenges Italy tax agency concerning the value of U.S. business

Fiat Chrysler Automobiles FCA

Fiat Chrysler Automobiles (FCA) has challenged a claim by Italy’s tax officials over the valuing of its U.S. Chrysler business that could leave it with an unwanted tax bill just days prior to an expected key merger agreement with Peugeot owner PSA. On Wednesday, a source knowledgeable with the matter stated the Italian tax agency […]

UAW members recommend approval of Fiat Chrysler labor deal

United Automobile Workers (UAW)

Union members of United Auto Workers from Fiat Chrysler Automobiles NV’s U.S. plants on Wednesday recommended authorization of a tentative labor agreement that would permit the Italian-American automaker to prevent a strike as it collaborates to merge with France’s Groupe PSA. Fiat Chrysler (FCA) and PSA, the innovator of Peugeot and Citroen, in October declared […]

White House to look at deal between Peugeot and Fiat Chrysler

Images of Peugeot Foodtruck concept

U.S. President Donald Trump’s administration will take a look at the planned merger between Fiat Chrysler and Peugeot owner PSA, White House economic adviser Larry Kudlow stated on Friday. The deal declared on Thursday, would create the fourth-largest automaker in the world. “We will obviously look at it very, very carefully,” Kudlow stated on Bloomberg. […]

Government of Italy might ask for symmetry with Paris in FCA-Renault merger

Fiat Chrysler Automobiles (FCA)

Italian government is going to defend national interest in the FCA- Renault merger and might look for a stake in the new international automaker to match French state holdings, a major League ruling party lawmaker said on Monday. Fiat Chrysler has made a “transformative merger” proposal to Renault, the Italian automaker stated, in a deal […]

Judge authorizes Fiat Chrysler diesel emissions settlement in the US

Fiat Chrysler Automobiles (FCA)

A federal judge in San Francisco on Friday authorized a $307.5 million civil settlement for about 100,000 U.S. owners of Fiat Chrysler diesel vehicles that the government stated had illegal software that enabled them to emit excess emissions. Under the settlement authorized by Judge Edward Chen, about 100,000 owners and lessees of Ram 1500 and […]

Fiat Chrysler picks Google, Samsung for globally connected car system

Fiat Chrysler Automobiles (FCA)

Fiat Chrysler stated on Tuesday it will use technology from Alphabet Inc’s Google and Samsung to connect all its automobiles by 2022, giving music and video and facilitating future car-sharing and self-driving capabilities. Fiat Chrysler Automobiles NV (FCA) will utilize Google’s Android operating system worldwide in place of a mixture of software that differs by […]

Fiat Chrysler to pay $110 million to settle American investor suit

Fiat Chrysler Automobiles NV has accepted to pay $110 million to settle a lawsuit accusing it misled U.S. investors over excess diesel emissions and failed to adhere with federal safety regulations, court records reveal. The company stated on Monday it “continues to vigorously deny the allegations of wrongdoing made in this lawsuit” and stated the […]