Fiat Chrysler to start three Italian sites right after lockdown ends

Fiat Chrysler Automobiles FCA

Fiat Chrysler wants to resume operations at three Italian sites once the government lifts coronavirus restrictions on manufacturing, a union representative stated on Thursday, adding unions would watch out for health precautions. Regardless of Italy’s lowest death toll from the virus in six days on Wednesday, Prime Minister Giuseppe Conte stated a national lockdown, placed […]

Fiat Chrysler, GM try discounts, online buying to lift declining U.S. sales

car sales online

With auto showrooms closing because of the coronavirus pandemic, Fiat Chrysler and General Motors moved to reboot demand with seven-year, no-interest loans and programs permitting customers to purchase vehicles online. Fiat Chrysler Automobiles NV’s new “Drive Forward” marketing program consists of online shopping tools that will for the first time let U.S. consumers to finish […]

Fiat attempt to resume some Italian production could be hindered by lockdown

Fiat Chrysler Automobiles (FCA)

A possible extension of Italy’s lockdown could frustrate an attempt by Fiat Chrysler to restart some vehicle production at three Italian plants next week, a union representative said. Italy has prohibited travel within the country and ordered a freeze on all non-essential business-related activities, which includes the auto industry, until April 3 to deal with […]

Fiat Chrysler looks to restart some Italian production next week

Fiat Chrysler Automobiles (FCA)

Fiat Chrysler Automobiles (FCA) is looking to restart some vehicle production from next week at three plants located in Italy if it gets the green light from the government, a union representative stated on Monday. Previously this month, Italy banned travel in the country and ordered a halt on all business activities deemed non-essential, including […]

Fiat Chrysler agrees on 3.5 billion euro credit facility with banks

Fiat Chrysler plant in Kragujevac, Serbia

Fiat Chrysler Automobiles (FCA) stated on Thursday it has accepted a new credit facility with two banks, at a time when significant automakers are having to close plants, losing revenue as demand declines mainly because of the spread of coronavirus. Majority of FCA’s plants across the world are presently closed in response to the virus […]

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. […]