Tag Archives: fca

FCA US Q3 Sales Flat at 565,000

FCA touted three sales records for the third quarter as buyer bought or leased premium technology and interior upgrades on heavy-duty trucks. Continue reading

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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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Dodge Charger Tire Jacks Recalled for Sill Failures

FCA said it is aware of three hand injuries potentially related to this issue. Continue reading

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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

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