In a bid to fill some of its empty Italian production capacity, Fiat plans to build a pair of small SUVs at its plant in Melfi starting in 2014, according to Automotive News Europe. With most Chrysler plants running at or near full capacity, the Melfi facility will probably build the new Fiat and Jeep SUVs for export to North America. The final decision could come as soon as this weekend. The new small Jeep is expected to replace the Patriot and/or Compass, which are both produced in Chrysler's
Generally speaking, until we've had at least twice of the FDA's recommended daily allowance of caffeine, we aren't as observant as we need to be. For instance, when we wrote about the newly announced Fiat 500L, we were so distracted by its massive glass roof, seating for five and the potential of six engine choices we totally overlooked a small, but buzzworthy option.
Mopar is spreading its parts support network into new global markets. Chrysler and Fiat have opened new parts distribution centers in Shanghai and Dubai at 16,000 and 18,000 square feet, respectively. The new warehouses will help support Chrysler, Jeep, Dodge, Ram and Fiat brands around the world with a more comprehensive parts distribution system as the American marques continue to grow globally. Chrysler says that the facility in Shanghai will stock over 35,000 part numbers while its counterpa
During this week's Management Briefing Sessions in Traverse City, Michigan, Sergio Marchionne hinted at the possibility of stepping down from the position of Chrysler CEO within the coming years. While talking about Chrysler's future plans, Marchionne said they will "be up to go the guy after me – after 2015 or maybe a year later," Automotive News reports.
With all the mergers and acquisitions going on in the automotive industry these days, few corporate structures have been as tumultuous as that of Fiat. The Italian group was once very centralized, but recently, it split its divisions into quasi-autonomous subsidiaries, then it stepped in and took the reins at Chrysler, and is now it is splitting itself into two distinct groups.
Fiat S.p.A is a conglomerate divided into Fiat Autos and Fiat Industrial, the two combining to own or control well over 20 companies. The auto side includes Alfa Romeo, Ferrari and Maserati, Magnetti Marelli and Fiat Powertrain Technologies. The industrial side controls companies like Iveco and Case New Holland, the latter being the second largest producer of agricultural equipment in the world after Deere & Company.
Fiat now owns a big chunk of Chrysler. Officially. Soon after the Supreme Court gave it the go-ahead, the sale of Chrysler to Fiat was complete. Altogether, the deal took just 42 days. With a couple of signatures and a wire transfer Wednesday morning, the sale was official. Fiat gets most of Chrysler's assets and $6.6 billion in "exit financing" from the federal government.