214 Articles
Official
Fiat Chrysler execs, salaried employees taking pay cuts during coronavirus pandemic

They join GM and Ford in 'shared sacrifice'

Chief Executive Officer Mike Manley said in the memo he will take a 50 percent pay cut for three months starting April 1, while Chairman John Elkann and FCA's board of directors will forego the remainder of their 2020 compensation. FCA said most global salaried employees will be asked to take a temporary 20 pct pay cut.

Followup
Fiat Chrysler CEO says final merger talks with Peugeot going well

What vehicle platforms they'll share is a key topic

Fiat Chrysler's chief executive Michael Manley said on Wednesday that merger talks with Peugeot owner PSA to create the world's No. 4 carmaker are progressing well and he hopes to have a deal within 12-14 months. "Talks are progressing really well," Manley said about negotiations with the French carmaker ahead of a briefing by the European automotive association (ACEA), of which he is president. Manley's timeline for completing the deal by early 2021 is in line with a forec

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