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Fiat Chrysler will invest up to $1.5 billion to build EVs in Windsor

At least one new model on a new EV platform is coming in 2025

The auto union said FCA would invest in a state-of-the-art vehicle platform that will enable the assembly of plug-in hybrid and battery electric vehicles, with at least one new model in 2025. The announcement comes less than a month after Unifor said Ford Motor Co would invest C$1.95 billion ($1.46 billion) in its Oakville and Windsor plants.

PSA reportedly ditching its two tiny gasoline city cars ahead of merger

More housecleaning ahead of Stellantis

PSA is ending the production of Peugeot and Citroën small city cars, three sources told Reuters, withdrawing from an increasingly unprofitable market as its starts a strategic review ahead of its planned merger with Fiat Chrysler . While PSA had already agreed to sell its stake in its Czech joint venture with Toyota where the Peugeot 108 and Citroen C1 models are made, the decision to stop selling the gasoline cars altogether has just been taken, the sources said. "

To grease the skids for Stellantis, PSA offers to boost Toyota's fortunes

It's a bid to placate EU antitrust concerns about the merger with FCA

EIB ups financing for Fiat Chrysler's electric vehicles to $949 million

Most of the electrified vehicles will be built in southern Italy

The European Investment Bank (EIB) has increased to almost 800 million euros ($949 million) its funding to Fiat Chrysler Automobiles (FCA) to support production of electric and hybrid vehicles, they said in a joint statement. Investments to manufacture battery electric vehicles and plug-in hybrid electric vehicles will be mainly directed at FCA plants located in southern Italy, supporting employment and compliance with the strictest environmental criteria. To improve capacity utilisa

Fiat Chrysler shares get a boost after revised Stellantis merger deal with PSA

The merger is now expected to be completed in the first quarter of 2021

Shares in Fiat Chrysler (FCA) rose sharply in Milan on Tuesday after the car maker and French partner PSA revised the terms of their merger deal, with FCA's shareholders getting a smaller cash payout but a stake in another business. FCA and PSA, which last year agreed to merge to give birth to Stellantis, the world's fourth largest car manufacturer, said late on Monday they had amended the accord to conserve cash and better face the COVID-19 challenge to the auto sector. Milan-listed shares in

Peugeot E-Boxer seems like it would make a nice electric Ram ProMaster

It has the same cargo space as the gas version and comparable payload

Judge refuses to reconsider GM lawsuit against Fiat Chrysler

U.S. District Judge Paul Borman said new evidence presented by GM 'is too speculative'

A federal judge in Detroit said Friday that he will not reconsider his July dismissal of General Motors’ racketeering lawsuit against Fiat Chrysler Automobiles. U.S. District Judge Paul Borman wrote in an opinion that new evidence presented by GM regarding bribes and foreign bank accounts “is too speculative to warrant reopening” the case. Borman also ruled that the earlier dismissal of the case was not done in legal error.

Fiat Chrysler denies GM's 'preposterous' bribery allegations

FCA's lawyers say the allegations read like a script from a 'third-rate spy movie'

Allegations by General Motors that Fiat Chrysler Automobiles bribed union officials are “preposterous” and read like a script from a “third-rate spy movie,” FCA lawyers wrote in court documents filed Monday. GM, in a court motion last week, alleged that Fiat Chrysler used foreign bank accounts to bribe union officials so they would stick GM with higher labor costs.

GM cites evidence of offshore accounts, wants FCA racketeering lawsuit revived

UAW payoff scheme 'much broader and deeper than previously suspected or revealed'

North America profit helps Fiat Chrysler limit its losses from coronavirus

Losses were half of what had been forecast

Italian-American automaker Fiat Chrysler Automobiles (FCA) posted a smaller-than-expected operating loss in the second quarter, as a small profit in North America helped to limit the damage wrought by the COVID-19 pandemic. FCA said on Friday it made an adjusted loss before interest and tax of 928 million euros (838.3 million pounds) in April-June, versus a forecast 1.87 billion euro loss in an analyst poll compiled by Reuters. The group also said it made adjusted earnings b

2021 Ford Bronco is here, and a Stellantis is born | Autoblog Podcast #636

Plus driving the 1999 Honda Prelude Type SH, 1999 Honda Civic Si and more

Plus driving the 1999 Honda Prelude Type SH, 1999 Honda Civic Si and more

Stellantis — seriously? Exploring the pros and cons of Chrysler’s new name

Why it's good for corporate strategy and doesn't really matter for Jeep and Ram

The company formerly known as Chrysler is now Stellantis

The name is derived from Latin and signifies (insert corporate platitudes)

Federal judge throws out GM's racketeering lawsuit against Fiat Chrysler

The victims of FCA-UAW bribery scheme 'are FCA's workers,' not GM, judge rules

A federal judge on Wednesday threw out a racketeering lawsuit General Motors Co had filed against smaller rival Fiat Chrysler Automobiles NV , saying the No. 1 U.S. automaker's alleged injuries were not caused by FCA's alleged violations. GM officials said in statement they "strongly disagree" with the order by U.S. District Court Judge Paul Borman, whom the automaker had sought to have removed from the case, and would appeal. "There is more than enough evidence from th

Appeals court rejects GM's bid to remove judge from Fiat Chrysler lawsuit

But agrees the judge overstepped in ordering the CEOs to meet in person

The Sixth U.S. Circuit Court of Appeals said U.S. District Judge Paul Borman abused his discretion by requiring GM CEO Mary Barra and FCA's head, Mike Manley, to meet face-to-face for reasons unrelated to the case, and without taking into account the risks of travel during the COVID-19 pandemic. The district judge's order for the parties to report back to the court in only eight days was also unwarranted, the appeals court said.

FCA: PSA deal terms still intact despite dividend cut report

FCA says it has no intention of altering the structure of the deal

Fiat Chrysler (FCA) said the terms of its merger with France's PSA had not changed after an Italian newspaper report that it was looking to spin off assets to reduce a planned 5.5 billion euro ($6.2 billion) cash pay-out to its shareholders. FCA said on Friday that it was sticking to the deal agreed with PSA in December before the coronavirus crisis hit demand for cars. FCA and PSA plan to finalise their merger by the first quarter of next year.

Appeals court delays 'sensible resolution' meeting between GM, Fiat Chrysler CEOs

GM objects to trial judge who called its UAW-payoff lawsuit 'a waste of time'

Three federal appeals judges have delayed a court-ordered meeting between the CEOs of General Motors and Fiat Chrysler to try to settle a lawsuit over corruption by union leaders. U.S. District Court Judge Paul Borman last week ordered GM CEO Mary Barra and FCA CEO Mike Manley to hold the meeting before July 1.

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