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Keyword: chrysler

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  • The most difficult letter I have ever had to write': Chrysler told Sergio Marchionne

    07/22/2018 9:08:51 AM PDT · by DUMBGRUNT · 7 replies
    Detroit Free Press ^ | 22 July 2018 | Phil LeBeau,Javier E. David
    In a statement Saturday, he said, "I am profoundly saddened to learn of Sergio’s state of health. It is a situation that was unthinkable until a few hours ago, and one that leaves us all with a real sense of injustice. ..At his side, the reports said, were his two sons and his partner of several years, Manuela Battezzato, who works in FCA communications.
  • Marchionne steps down as CEO of FCA, Jeep boss Manley to replace him

    07/22/2018 8:46:30 AM PDT · by jjotto · 23 replies
    Motor Authority ^ | Jul 21, 2018 | Aaron Cole
    Sergio Marchionne, longtime CEO and chief for Fiat Chrysler Automobiles, stepped down Saturday due to serious complications after surgery, the company announced. Mike Manley, head of Jeep and Ram brands, replaced him. John Elkann, grandson of Gianni Agnelli and chairman of the company that controls FCA, said his family was shocked by Marchionne's failing health. "I am profoundly saddened to learn of Sergio’s state of health. It is a situation that was unthinkable until a few hours ago, and one that leaves us all with a real sense of injustice," Elkann said in a statement. Elkann will fill Marchionne's chairman...
  • Could Chrysler Be Killed This Friday?

    05/30/2018 2:53:18 PM PDT · by tcrlaf · 195 replies
    MSN ^ | 5-30-2018 | Chris Bruce
    Swirling rumors suggest that one of America's oldest remaining automakers could be on the chopping block. Sergio Marchionne will hold an investor's meeting in Italy on Friday, June 1, in Balocco, Italy, where the CEO will possibly kill one the corporation's most historic brands. FCA specialist Larry P. Vellequette of Automotive News reports that "a source told a European colleague" that Marchionne would declare the end of the Chrysler brand in the speech to investors. In addition, Marchionne could detail plans to pull Fiat out of the United States and China, according to Automotive News. The brand would re-focus on...
  • Fiat Chrysler is reportedly ditching diesel cars by 2022

    02/28/2018 8:58:33 AM PST · by Red Badger · 47 replies
    www.theverge.com ^ | Feb 26, 2018, 10:58am EST | By Andrew J. Hawkins
    The automaker recently settled a lawsuit over emissions cheating Fiat Chrysler has become the latest automaker to turn its back on diesel-powered engines as more of the industry pivots to battery-electric vehicles. According to the Financial Times, the Italian-American carmaker will end production of its diesel passenger vehicles by 2022. FCA, which manufacturers Jeep, Dodge, Ram, Chrysler, Maserati, Alfa Romeo, and Fiat, will unveil its four-year plan to phase out diesel vehicles on June 1st, the Times says. A spokesperson declined to comment. "Diesel has been falling out of favor" Diesel has long been promoted by governments and carmakers as...
  • President Trump: A year of real change

    01/20/2018 4:24:17 PM PST · by Kaslin · 8 replies
    Washington Examiner ^ | January 20, 2018 | President Donald J. Trump
    Even as Democrats continue to obstruct and play politics, I have never stopped fighting for the people, and I have no intention of changing course. I promised Jan. 20, 2017, would be remembered as a new day for all Americans – the day the people became the rulers of this nation once again. For the past 365 days, that promise has been my guide. We are putting America first, making real change in Washington, and creating opportunities for all of our people. From coast to coast, there is a renewed spirit. Our country is roaring back more quickly than anyone...
  • Tax cuts drive business back to the Motor City

    01/14/2018 7:49:22 AM PST · by RoosterRedux · 7 replies
    Fiat Chrysler will make Ram trucks in Michigan instead of Mexico beginning in 2020, and the company says this will mean 2,500 extra jobs at the plant in Warren, Detroit’s largest suburb. While this isn’t the first bit of good economic news in the wake of big corporate tax cuts Republicans just passed, it’s the one that cheers us the most, because it best reflects the way lower corporate taxes work. The key is not bigger profits but increased competitiveness. *snip* More companies will set up more business in the U.S., because it’s now easier to compete by doing so....
  • Fiat Chrysler will move Ram production to Michigan from Mexico

    01/11/2018 8:52:57 PM PST · by BlackAdderess · 22 replies
    CNN Money ^ | 01/11/18 | Julia Horowitz
    Fiat Chrysler Automobiles is feeling good about tax reform. So good that it says it's moving some of its truck production from Mexico to Michigan. The automaker announced Thursday that it will spend more than $1 billion to revamp its Warren Truck Assembly Plant, which will start making the Ram heavy-duty truck in 2020. The truck is currently made in Saltillo, Mexico. Fiat Chrysler said it will add 2,500 jobs in Michigan to support the move. The company also said it's giving one-time $2,000 bonuses to 60,000 U.S. workers. "It is only proper that our employees share in the savings...
  • Fiat Chrysler to invest $1 billion in Michigan plant, add 2,500 jobs

    01/11/2018 3:46:02 PM PST · by mandaladon · 33 replies
    Reuters ^ | 11 Jan 2018
    (Reuters) - Fiat Chrysler Automobiles NV FCH.MI (FCAU.N) said on Thursday it would invest more than $1 billion in its Michigan plant and add 2,500 jobs as it benefits from the overhaul of the U.S. tax code. The company said it would spend the money to modernize the Warren Truck Assembly Plant in Michigan to produce its Ram Heavy Duty trucks. The company will relocate the truck’s production from its current location in Saltillo, Mexico, to the Michigan plant in 202O. The car maker also said it would make a special bonus payment of $2,000 to about 60,000 FCA hourly...
  • How the Jeep Evolved From Military Vehicle to Today's Wrangler

    11/15/2017 7:44:35 AM PST · by Red Badger · 84 replies
    www.popularmechanics.com ^ | Nov 14, 2017 | By Chris Perkins
    The humble origins of America's favorite 4x4. The current Jeep Wrangler is way more high-tech than its WWII-era forefather, but there's a direct link between the two. You can't say that about a lot of cars on sale today. Now, you can watch the Jeep's history unfold in this lovely animation from the people at Donut Media. Donut actually starts with two cars that competed with the original Willys for the US military contract—the Ford Pygymy and the American Bantam Reconnaissance Car. Then, we get into Willys-Overland's first Civilian Jeep (CJ), which gave birth to the legendary CJ5. Eventually, we...
  • China's Great Wall considers bid for Fiat Chrysler Jeep unit

    08/21/2017 6:41:00 AM PDT · by Red Badger · 25 replies
    abcnews.go.com ^ | 08-21-2017 | joe mcdonald
    Chinese SUV maker Great Wall Motors is considering making a bid to buy Fiat Chrysler's Jeep unit, spokespeople for the company said Monday, in a possible ambitious new step onto the global stage for China's fast-growing auto brands. Great Wall has yet to formally declare its interest in Jeep, but a possible acquisition would be in line with chairman Wang Jianjun's goal, announced in February, of becoming the top specialty SUV producer by 2020. Great Wall "has this intention," said the public relations director for its Haval SUV brand, Zhao Lijia, when asked about a report by Automotive News that...
  • AP Only Vaguely Refers to UAW-Chrysler Scandal in Covering Union's Nissan-Mississippi Loss

    08/06/2017 7:07:36 AM PDT · by rktman · 10 replies
    newsbusters.org ^ | 8/5/2017 | Tom Blumer
    On Friday, the United Auto Workers failed in yet another attempt to organize an auto plant in the South. This time it was a Nissan plant in Canton, Mississippi. Unlike in the 2014, when workers at a Chattanooga, Tennessee Volkswagen plant narrowly rejected the union, Friday's result was a 62 percent to 38 percent shellacking. Coverage of the UAW's defeat at the Associated Press overnight was reasonably measured, with one exception: a barely mentioned and completely unexplained Fiat Chrysler-UAW corruption scandal in Metro Detroit which influenced the voting. Reporter Jeff Amy's dispatch shortly after midnight Saturday morning (also saved here...
  • Fiat Chrysler Ready To Move Pickup Trucks From Mexico If Trump Plays Cards Right

    01/26/2017 9:13:49 PM PST · by 2ndDivisionVet · 52 replies
    Forbes ^ | January 26, 2017 | Joann Muller
    The chief executive of Fiat Chrysler Automobiles said his company could quickly move production of Ram heavy-duty pickup trucks to Michigan from Mexico if President Donald J. Trump's "America First" economic plan provides enough incentives. "Properly motivated, it could be executed very quickly by FCA," possibly by 2019 or 2020, Sergio Marchionne told analysts during a conference call to discuss the company's record financial results for 2016. Automakers have been under pressure from the new Trump Administration to build more of their cars in the United States as part of the president's agenda to create more American jobs. But the...
  • EPA accuses Fiat Chrysler of excess diesel emissions (Obama getting back at Chrysler)

    01/12/2017 5:35:44 PM PST · by Enlightened1 · 9 replies
    Reuters ^ | 01/12/17 | David Shepardson and Bernie Woodall
    The U.S. Environmental Protection Agency on Thursday accused Fiat Chrysler Automobiles NV of illegally using hidden software to allow excess diesel emissions to go undetected, the result of a probe that stemmed from regulators' investigation of rival Volkswagen AG. FCA shares plummeted as the maximum fine is about $4.6 billion. The EPA action affects 104,000 U.S. trucks and SUVs sold since 2014, about one-sixth the vehicles in the Volkswagen case. The EPA and California Air Resources Board told Fiat Chrysler it believes its undeclared auxiliary emissions control software allowed vehicles to generate excess pollution in violation of the law and...
  • Fiat Chrysler to build 3 new Jeeps, create 2,000 jobs in US

    01/08/2017 3:15:23 PM PST · by mandaladon · 92 replies
    Yahoo News ^ | 8 Jan 2017 | Tom Krisher
    DETROIT (AP) -- Fiat Chrysler will add three new Jeeps to its lineup including a pickup truck as it invests $1 billion in two U.S. factories, furthering its effort to increase production of hot-selling SUVs and pickup trucks and get out of producing small and midsize cars. The expansion will create 2,000 new jobs. The Italian-American automaker said Sunday it will modernize a factory in the Detroit suburb of Warren, Michigan, to make the new Jeep Wagoneer and Grand Wagoneer large SUVs. A factory complex just south of there in Toledo, Ohio, also will get new equipment to make the...
  • More Winning: Chrysler Announces $1 billion Investment In U.S. Manufacturing, 2,000 New Jobs

    01/08/2017 2:07:37 PM PST · by nodwam · 20 replies
    Hidden Americans ^ | 01/08/2017 | Richard Saunders
    It’s rare that a president makes good on campaign promises let alone before they take office. Earlier this week Ford said it would cancel a new plant in Mexico and invest in Michigan and now Chrysler says it will be spending a billion dollars on manufacturing in the United States and adding 2,000 new jobs. The markets are at all time highs, manufacturing is coming back, and Trump hasn’t even taken office yet. We are embarking upon an American resurgence.
  • Trump a ‘game changer’ for auto industry, Fiat CEO says

    11/24/2016 5:30:57 PM PST · by 2ndDivisionVet · 11 replies
    The Malay Mail ^ | November 25, 2016
    CASSINO, Nov 25 — President-elect Donald Trump’s critical stance toward free trade could affect Fiat Chrysler Automobiles NV’s business in North America, according to the Italian automaker’s chief executive officer Sergio Marchionne. Trump’s election “certainly is a game changer, mainly because I think that there are a number of conditions in the US which are not yet spelled out,” Marchionne told Bloomberg Television at an Alfa Romeo plant in Cassino, Italy. Statements Trump has made about trade are “a big issue” because of the North American Free Trade Agreement’s impact on Fiat’s operations in the US, Mexico and Canada. Trump...
  • Ford idles Mustang plant amid slow sales

    10/11/2016 10:09:56 AM PDT · by Brilliant · 107 replies
    mlive.com ^ | October 11, 2016 | David Muller
    Ford Motor Co. is idling its Flat Rock Assembly Plant, where the Dearborn automaker builds the Ford Mustang and the revived Lincoln Continental. The site will be idled for one week, Ford spokeswoman Kelli Felker said in an email. "We continue to match production with demand," Felker said in response to a query about whether the idling was due to slower Mustang sales. "Mustang remains the top seller in its segment in total and retail sales..." Sales of all Ford-brand cars fell by double-digits in the U.S. in September, as Americans continue to gravitate toward crossovers and SUVs, but the...
  • SUV That Killed Anton Yelchin Was Under Recall

    06/20/2016 1:45:01 PM PDT · by SMGFan · 45 replies
    Trek news ^ | June 20, 2016
    The gear shifters in Anton Yelchin’s SUV are being looked at as the possible culprit in the accident that killed the 27-year-old actor on Sunday. Most 2015 Jeep Grand Cherokee are part of a global recall that was announced by Fiat Chrysler, who makes Jeeps, in April due to a confusing electronic shift lever. “FCA US extends its most sincere condolences to the family and friends of Mr. Yelchin,” a spokesperson said in a statement. “The company is in contact with the authorities and is conducting a thorough investigation. It is premature to speculate on the cause of this tragedy.”...
  • Fiat Chrysler Automobiles NV ... Shares Tumble On Vows Of Possible Emission Scandal

    05/23/2016 11:39:24 AM PDT · by SunkenCiv · 50 replies
    The Country Caller ^ | May 23, 2016 | Myrna Salomon
    Shares of Fiat Chrysler are down more than 4% in pre-market trading today as investors react to a possible emission scandal relating to the company's vehicles in Germany... in over the counter markets in the US following a report from a German Newspaper that the company could be banned from vehicles in the country if it is found disregarding strict emission standards. German paper Bild said in a story on Saturday that multiple tests from the German motor transport authority KBA have shown that several Fiat Chrysler's models had exhaust treatment systems that were switching off automatically after running for...
  • Fiat Chrysler to increase North American factory workers

    04/26/2016 7:55:25 AM PDT · by Olog-hai · 19 replies
    Associated Press ^ | Apr 26, 2016 9:41 AM EDT | Colleen Barry and Tom Krisher
    The number of Fiat Chrysler factory workers in North America will increase as the company reduces production of passenger cars and shifts toward trucks and SUVs, the company’s chief executive said Tuesday. […] He (Sergio Marchionne) said new Ram pickup truck will come out at the beginning of 2018. It will be built at two U.S. factories in suburban Detroit, so it won’t cost the company any production of the current model. A factory in Sterling Heights, Michigan, that now makes the Chrysler 200 sedan will be retooled to make pickups, he said. The company also plans to build a...