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Posts Tagged ‘fiat chrysler news’

Fiat Chrysler Settles Emissions Cheating Case for $800 Million

Deal resolves cases with federal, state officials, vehicle owners.

by Michael Strong on Jan.10, 2019

Fiat Chrysler agreed to an $800 million settlement to resolve charges of cheating on emissions tests.

Fiat Chrysler reached an $800 million settlement with federal and state government agencies as well making good with the owners of vehicles affected by alleged cheating on emissions tests.

The automaker agreed on Thursday to a deal with the Justice Department and the Environmental Protection Agency, to pay nearly $300 million to the U.S. government and $19 million to California for installing a cheat device to beat emissions tests.

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It’ll pay another $280 million to recall and repair the more than 104,000 out-of-compliance Jeep SUVs and Ram pickup trucks, including payouts to owners of the vehicles of about $2,800 each. (more…)

Fiat Chrysler’s Q3 Profits Dinged Due to Diesel Emission Charges

Record earnings before diesel issue may mean dividend payment.

by Joseph Szczesny on Oct.30, 2018

Fiat Chrysler's third quarter earnings were hurt by charges tied to possible diesel emissions violations.

Fiat Chrysler Automobiles net income dropped 38% during the third quarter despite record adjusted earnings before interest and taxes of 2 billion euros, or $2.27 billion, opening the door for the company to pay its first dividend since it was re-organized in 2014.

However, net profit decline 38% to 600 million euros, or $681.16 million, including a 700 million charge related to U.S. diesel emissions matters. FCA is now under investigation by U.S. Department of Justice for the company’s failure to disclose software on about 104,000 diesel-powered pickups and SUVs that regulators said could be similar to the “defeat devices” Volkswagen AG used to cheat emissions-testing on millions of its diesel-powered vehicles.

Business News!

FCA’s worldwide shipments increased by 3% and net revenue grew by 9% to 28.8 billion euros during the quarter. Despite cost of the diesel penalties, FCA’s adjusted EBIT in the North America region grew by 51% with margin at 10.2%, according to the financial information released by the company. (more…)

FCA, Mopar Offer Sneak Peek at SEMA Offerings

Ram trucks get massive makeovers.

by Michael Strong on Oct.26, 2018

Mopar's Low Down Ram gets lower and meaner for SEMA. It's one of two Rams heading to the show in Las Vegas.

With SEMA right around the corner, Fiat Chrysler officials are providing an early look at two entries it’s bringing to the Las Vegas show: The Low Down Ram and Ram Rebel.

The pickup trucks, customized with a combination of Mopar production and prototype parts and accessories, are two of 14 personalized rides, as well as hundreds of Mopar products, that will be on display in the brand’s 15,345-square-foot exhibit in the Las Vegas Convention Center.

The Last Word!

“The SEMA Show is truly the greatest stage for our brand to demonstrate what owners and enthusiasts can create with a little imagination and a selection of Mopar parts and accessories,” said Steve Beahm, Head of Parts & Service (Mopar) and Passenger Car Brands, FCA – North America.  (more…)

Jeep to Launch Renegade Plug-In Hybrid in 2020

Automaker set to have 12 electrified models in productions by 2022.

by Paul A. Eisenstein on Oct.09, 2018

In 2020, Fiat Chrysler will offer a plug-in hybrid version of the Jeep Renegade to kick off its electrification program.

After a slow start, Fiat Chrysler Automobiles is plugging into battery power in a big way, the Euro-American automaker confirming plans to introduce a plug-in hybrid version of the Jeep Renegade in early 2020.

That follows the launch of a so-called “mild” hybrid system on the all-new Jeep Wrangler launched last year. The system, known as eTorque, is also being used on the completely overhauled 2019 Ram 1500 pickup just now rolling into U.S. showrooms.

Product News!

The Jeep Renegade PHEV will mark a major push into battery power for FCA, the company recently announcing that its various brands will introduce a dozen more advanced electrified models by 2022, ranging from conventional “full” hybrids to plug-ins to all-electric offerings. They will cover a wide spectrum of models and price segments, including the all-new plug-in supercar being developed by the Alfa Romeo brand. (more…)

Fiat Chrysler Chief Manley Shuffles Executive Team

Gorlier takes over supervision of European operations.

by Michael Strong on Oct.01, 2018

FCA CEO Mike Manley handed out new assignments to his executive team including naming Pietro Gorlier to COO with oversight of European operations.

After just about six weeks as CEO, Fiat Chrysler’s Mike Manley has shuffled the company’s top managers to his liking, with one appointment in particular drawing attention.

He announced the changes in an email sent to employees.

News You Can Trust!

“The next five years will continue to be extremely challenging for our industry, with tougher regulations, intense competition and probably slower industry growth around the world,” he wrote.  (more…)

FCA Upgrades Proving Grounds for Self-Driving Vehicle Testing

Late to the game, FCA races to make up lost time with $30 mil project.

by Paul A. Eisenstein on Sep.05, 2018

A Waymo-modified Chrysler Pacifica Hybrid.

Fiat Chrysler Automobiles has invested $30 million to upgrade its sprawling Chelsea Proving Grounds, an hour west of Detroit to expand its ability to develop and test both autonomous vehicles advanced driver assist system technologies.

The automaker has been slow to embrace self-driving vehicle technology, though it has been able to leapfrog some of its competitors with an expanding tie-up with Waymo, the self-driving spin-off of Google. The new project will allow FCA to test technology from Waymo and other potential partners, as well as systems it may develop in-house.

Tech News!

“The all-new facility at Chelsea Proving Grounds will help support and enable the successful rollout of the company’s five-year plan laid out earlier this year,” said Mike Manley, who took over as FCA’s CEO just two months ago. “Our ability to test for autonomous and advanced safety technologies enables FCA to offer our customers the features they want across our brand portfolio.”

(more…)

In Final Move as FCA CEO, Marchionne Expected to Order Massive Shift in Product, Manufacturing Plans

Small Fiat models likely to be dropped, brand may leave U.S.

by Paul A. Eisenstein on May.18, 2018

Could FCA pull the Fiat brand out of the U.S.?

As Fiat Chrysler Automobiles prepares for life beyond its founding chief executive, CEO Sergio Marchionne is expected to announce major shifts in the automaker’s product and manufacturing strategy, according to several reports.

During a June 1 meeting meant to reveal FCA’s next five-year plan, the 65-year-old executive reportedly will announce that the Fiat brand will abandon two of its base models, the Punto and Mito, while shifting emphasis to more up-market models. The automaker also will put more emphasis on its Jeep brand which, Marchionne said during the Detroit Auto Show earlier this year, could help Fiat Chrysler double its earnings during the next five years.

The Last Word!

One of the key questions hanging over the Euro-American automaker may not be resolved during a meeting bringing together analysts and journalists from around the world: who will replace Marchionne as CEO? He has dropped hints that his successor will come from FCA’s current top management ranks, which means no women or outsiders are in the running.

(more…)

Fiat Chrysler Backs Off Proposed CAFE Rollbacks

Automaker changes tone about move to stifle tougher fuel economy rules.

by Joseph Szczesny on May.15, 2018

FCA CEO Sergio Marchionne amended his position on the rollback of CAFE standards after meeting with President Trump.

This story has been updated with new information.

Fiat Chrysler CEO Sergio Marchionne is now adding to the remarks he made after a meeting with President Donald Trump in which he appeared to endorse the Trump administration’s efforts to roll back fuel economy standard and revoke the state of California’s ability to enforce tighter standards.

“I appreciated the opportunity to talk to the President today about our shared commitment to the automotive industry,” Marchionne said in a statement after the White House meeting at which Trump reportedly described Marchionne as his favorite person in the room.

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“Consumer preferences and technological advancements in our business are constantly evolving. Therefore, revisiting and assessing EPA standards, as was originally intended, is the right thing to do. With this process just beginning, it would be a mistake to jump to conclusions and pre-judge the outcome.  (more…)

First Drive: 2019 Jeep Cherokee

New look supported by legendary capability.

by Joseph Szczesny on Jan.29, 2018

The redesigned Jeep Cherokee retains its off-road capability while getting a fresh new look for 2019.

Even though they are made Toledo, Ohio, Jeep is one of Detroit’s great stories of resilience and change at a time when the car business worldwide is going through a huge transformation.

As one of the most famous vehicles born during World War II, Jeep gradually has grown over the years into a one of the industry’s best-known nameplates. Today it has an intensely loyal fan base both in North America and now in other corners of world even as it also spawned all kinds of imitators.

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Having finally emerged as a true global powerhouse, Jeep has been extending its model lines with the addition of vehicles such as Jeep Cherokee, which was given a thorough mid-cycle overhaul for 2019 model year. (more…)

Ten Automakers Earn Perfect Scores LGBTQ Equality

No automakers made the list in 2002.

by Joseph Szczesny on Nov.10, 2017

Fiat Chrysler earned high LGBTQ scores from the Human Rights Campaign.

Carmakers face challenges in recruiting talent in today’s tight market and Detroit has a daunting reputation to live down in many parts of the world.

But the Human Rights Campaign, which monitors how employers treat LGBTQ employees, has given nine automakers a 100% rating on HRC’s 2018 Corporate Equality Index.

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Fiat Chrysler, Ford, General Motors, Hyundai, Nissan, Rolls-Royce, Subaru, Tesla, Toyota and Volkswagen all made this year’s list with perfect scores. (more…)