The Big Three and UAW are negotiating on a way to reduce ballooning healthcare costs by possibly creating a pool among the active workers at Ford, GM, and FCA US. UAW President Dennis Williams came up with the idea.
Sergio Marchionne is hinting that a hostile takeover attempt could be in the cards to get GM at least to consider a merger with FCA. He believes the combined companies could have earnings of $30 billion annually.
A lawsuit in US District Court alleges that vehicles with keyless ignitions are dangerous because people inadvertently leave their vehicles running. The owners are then at risk for carbon monoxide poisoning.
Sergio Marchionne sees cooperation with the UAW as a key to a future merger with General Motors. In the deal, Marchionne could potentially take advantage of the 8.7 percent of GM stock that's owned by the union's health care trust.
FCA US is recalling 1.4 million vehicles in the US to send the owners a software upgrade to prevent potential hacks. The issue stems from the weakness recently discovered in the Uconnect system in a Jeep Cherokee.
Ferrari has filed the necessary paperwork with the Securities and Exchange Commission to launch the company's IPO later in the year. The documents don't set a specific timeframe for the offering or price for the shares.
The 2011-2015 Dodge Journey and Fiat Freemont are covered under a recall to secure their engine covers from getting loose. The campaign covers 349,731 of the crossovers worldwide. The loose parts under the hood can be a fire hazard if they get too hot.
FCA US is adding 88,000 examples of the 2008-2010 Dodge Challenger to the Takata inflator recall. The company recently conducted an audit of its affected vehicles and discovered that these coupes also needed the repair for the driver's side.