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Tag Archives: fca
Renault’s Board of Directors Continue FCA Merger Study
The proposed combination would create a global automaker, pre-eminent in terms of revenue, volumes, profitability and technology, benefiting the companies’ respective shareholders and stakeholders, according to FCA. Continue reading
Renault’s Board of Directors to Study with FCA the Merger
“After careful review of the terms of FCA’s friendly proposal, the Board of Directors decided to study with interest the opportunity of such a business combination, comforting Groupe Renault’s manufacturing footprint and creating additional value for the Alliance,” Renault said in a carefully worded statement. Continue reading
Posted in economy
Tagged auto industry commentary, autoinformed.com, automotive blog, fca, Groupe Renault, Ken Zino
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Groupe Renault Board Meeting Now on FCA Merger Bid
Based on FCA and Groupe Renault’s 2018 global sales, the combined company would be #4 in North America, #2 in EMEA and #1 in Latin America and would have the increased resources necessary to grow its footprint in the APAC region. On a simple aggregated basis of 2018 results, the combined company’s annual revenues would be nearly €170 billion with operating profit of more than €10 billion and net profit of more than €8 billion. Continue reading
Posted in milestones, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, fca, Groupe Renault, Ken Zino
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Fiat-Chrysler Recalls More Than 850,000 Passenger Vehicles
In most of the country the real news is that this is a voluntary recall. But in California, drivers who fail to get the necessary repairs will not be able to register their vehicles. NOx emissions in California are the most important contributor to ambient ozone and a key contributor to fine particulate matter pollution (PM 2.5) which is associated with premature death, asthma emergency room visits, increased hospitalizations due to exacerbation of chronic heart and lung diseases, and other serious negative health problems. There is also a corporate health problem in that the cost of the health defect will likely be material to financial results, thereby requiring an SEC filing. Continue reading
Trade Wars: FCA to Expand Production Capacity in Michigan
Given his vast international experience, Manley appears ideal to negotiate the choppy waters of ongoing and yet unknown trade wars and protect FCA’s investment of nearly $14.5 billion since 2009, with ~30,000 jobs created to date. All automakers are against Trump trade policy by twitter. Continue reading
Gravely Ill Sergio Marchionne out at Fiat Chrysler Automobiles. Trucker Mike Manley now CEO
“In the meantime, to provide for his full authority and operational continuity for the company, the Board has with immediate effect granted Mr. Manley all the powers of CEO. He will also assume responsibility for the NAFTA region. Continue reading
Posted in auto news, people
Tagged alfa romeo, auto informed, autoinformed.com, chrysler, fca, ferrari, jeep, Ken Zino, Michael Manley, ram, sergio marchionne
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FCA Sells Minivans to Google’s Waymo for Driverless Use
Given Chrysler’s dubious safety record, it’s a risky proposition in AutoInformed’s view. Continue reading
Posted in auto news, autonomous cars, autonomous vehicles, electronics, transportation
Tagged autoinformed.com, autonomous vehicles, fca, google, john krafcik, Ken Zino, Waymo
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FCA Joins BMW, Intel, Mobileye on Autonomous Driving Development
“To advance autonomous driving technology, it is vital to form partnerships among automakers, technology providers and suppliers,” said FCA Chief Executive Officer Sergio Marchionne, whose financially fragile company or parts of it are being explored for possible sale by a Chinese automaker.
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US v Fiat Chrysler on Diesel Emissions Defeat Devices
The complaint alleges that the undisclosed software functions cause the vehicles’ emission control systems to perform differently, and less effectively, during certain normal driving conditions than on federal emission tests, resulting in increased emissions of harmful air pollutants. In other words, Volkswagen – the American-Italian sequel. Continue reading
Chrysler Portal Concept, Millennial Family Wheels, New at CES
In what it is calling the “fifth generation” of family transportation – the Chrysler Portal concept debuted today at the Consumer Electronics Show in Las Vegas. Eschewing its home town auto show, NAIAS that opens next week, the electric-powered Portal is estimated to have more than 250 miles of range on a full charge. Continue reading
Posted in concept, electric vehicles, electronics
Tagged autoinformed, autoinformed.com, CES, Chrysler Portal Concept, fca, Ken Zino, millennials
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FCA Sales Reporting Crisis has Broad Industry Implications
The outcomes of both legal matters potentially have broad implications for the sales reporting practices of automakers and dealerships and how demos are subsidized.
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Posted in auto news, litigation, news analysis
Tagged autoinformed, autoinformed.com, DOJ SEC, fca, Ken Zino
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Dodge Charger Tire Jacks Recalled for Sill Failures
FCA said it is aware of three hand injuries potentially related to this issue. Continue reading
Napleton Automotive Sues FCA for False Sales Reporting
FCA US and FCA Realty are being sued by two dealerships of the larger Ed Napleton Automotive Group in Federal Court in Illinois over allegations of false sales reporting. Continue reading
Fiat Ferrari Spinoff Set for January 1-3
As part of the spinoff, FCA shareholders will receive one common share of Ferrari for every ten common shares of FCA and one special voting share of Ferrari for every ten special voting shares of FCA held. Continue reading
FCA Balks at French Government In-Laws. Renault Marriage Off
However, Renault’s Board of Directors was unable to take a decision due to the request by the representatives of the French State to postpone the vote to a later Council. Continue reading →