Fiat Chrysler (FCA) is open to alliances and merger talks but a sale of its luxury brand Maserati is not an option, Chief Executive Mike Manley stated in Geneva on Tuesday. “We have a strong independent future, but if there is a partnership, a relationship or a merger which strengthens that future I will look […]
Mike Manley
Fiat Chrysler sets $14 million annual target compensation for CEO
Fiat Chrysler Automobiles NV (FCA) has set an annual compensation target for CEO Mike Manley consisting of pay, cash and equity bonuses of $14 million, the automaker stated in a regulatory filing on Friday. Manley took over as the head of FCA on July 2018 after the unexpected departure of his predecessor Sergio Marchionne. The […]
U.S. government shutdown threatens rollout of new cars
The partial U.S. government shutdown is threatening to postpone the roll-out of new vehicle models in the United States by stalling necessary certifications from the Environmental Protection Agency (EPA), automakers stated. The shutdown, at 34 days the longest in history, has left more than 800,000 federal agency workers without pay and had effect on everything […]
Fiat Chrysler reconsiders Mexico for making more Ram trucks
With a strategy of loading up its renovated Ram 1500 full-size trucks with new functions – ranging from 12-inch touch screens on the dashboard to big battery packs and electric motors to help adjust speed and gears and conserve fuel – the automaker is investing on a sustained surge in demand. Thus Chief Executive Mike […]
Fiat Chrysler reconsiders Mexico for making more Ram trucks
With a plan to load up its renovated Ram 1500 full-size trucks with new features – varying from 12-inch touch screens on the dashboard to large battery packs and electric motors to support adjusting speed and gears and conserve fuel – the automaker is banking on a sustained rise in demand. So Chief Executive Mike […]
KKR’s Calsonic purchases parts firm Magneti Marelli for $7.1 billion
Japan’s Calsonic Kansei, owned by U.S. private equity firm KKR, has is set to purchase Fiat Chrysler’s Magneti Marelli for 6.2 billion euros ($7.1 billion) to establish the seventh-largest independent car parts supplier. The first big deal by FCA’s newly-appointed CEO Mike Manley, who took over in July following the sudden death of long-time CEO […]
Fiat Chrysler new CEO to announce plans for organization by end month
Fiat Chrysler new CEO Mike Manley is going to announce his organizational preparations for the automaker by the end of September, the group’s chairman stated at a shareholder meeting called to vote on the appointment of the new manager following former CEO Sergio Marchionne’s sudden death. “When we learned Sergio Marchionne could not return to […]
CEO Marchionne exits Fiat Chrysler, Ferrari amid health crisis
Fiat Chrysler CEO Sergio Marchionne is going to be replaced permanently at the helm of the global automaker as well as Ferrari after suffering serious complications from surgery, sources stated on Saturday. The boards of automaker FCA, Ferrari and CNH Industrial, which Marchionne also chairs, were meeting on Saturday and named his successors later the […]
2018 Jeep Wrangler can meet U.S. emissions rules into the 2020s
The new 2018 Jeep Wrangler, revealed Wednesday at 2017 Los Angeles Auto Show, must meet U.S. CO2 emissions rules into the 2020s, the head of Fiat Chrysler Automobiles NV’s Jeep sport utility vehicle brand informed Reuters. Mike Manley stated Fiat Chrysler expects the new Wrangler, which is 200 pounds lighter than the present model, will […]
Jeep CEO Mike Manley sees U.S. 2017 sales rise or flat regardless of fleet reduction
Fiat Chrysler Automobiles NV’s Jeep chief Mike Manley stated on Thursday that despite a purposeful reduction in fleet sales by the brand, full-year 2017 U.S. sales ought to still be up or on pace with 2016’s total. “Full year, I believe it’s going to be a close run thing, we’ll be up or flat,” Manley […]
Jeep on its way to hit 2018 sales target of 1.9 million automobiles
Fiat Chrysler Automobiles (FCA) Jeep chief Mike Manley stated the brand is on track to fulfill a formerly revealed 2018 worldwide sales target of 1.9 million automobiles. He also stated that two new large models, Wagoneer and Grand Wagoneer, will be on truck underpinnings, rather than car-based SUVs. The two models will be developed at […]
Fiat Chrysler makes 1,000 new jobs with $1 billion plant plan
Fiat Chrysler Automobiles prepares to invest $1 billion to retool its plants located in Toledo, Ohio, and Belvidere, Ill., and develop 1,000 new jobs as it shuffles its North American production footprint. The automaker stated it is going to invest $700 million at its Toledo Assembly North Plant to get ready for the next-generation Jeep […]
Jeep official states Grand Cherokee Trackhawk with Hellcat power coming July Next Year
Mike Manley, has supposedly confirmed the firm is going to quench the fan’s thirst and provide a Hellcat-powered Grand Cherokee beginning with the July of next year. As of July 2017 anyone aiming to take on the Land Rover Range Rover Sport SVR will be able to go to the American connection as the Jeep […]
2013 Jeep Wrangler Rubicon 10th Anniversary Edition
At the Los Angeles Auto Show, Jeep which has been known for the best off roading vehicle, celebrated the 10th anniversary of its Rubicon model. Ten years ago, for the 2003 model year, Jeep dramatically raised the bar in off-road capability with the introduction of the Wrangler Rubicon model. Named after one of the most […]
