Fiat Chrysler Automobiles
MILAN/DETROIT (Reuters) - Automaker Fiat Chrysler took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its Ram pickup truck in North America helped it defy an industry slowdown. Chief Executive Mike Manley, in FCA's first earnings release since a failed attempt to merge with France's Renault, also left the door open to that or other deals. FCA last month abandoned its $35 billion merger offer for Renault, blaming French politics
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Fiat Chrysler Automobiles plans to build Jeep sport-utility vehicles in a new plant in Detroit and has chosen a site, although the timing of the opening is uncertain, a source familiar with the plans told Reuters. The automaker plans to revive Mack Avenue Engine II, which has been idled since 2012, as an assembly line, building a new two- and three-row Jeep Grand Cherokee in spring 2021, a supplier source told Reuters. The move could add at least 100 and up to 400 jobs in the
Fiat Chrysler Automobiles is planning to not attend the Paris Motor Show this year, as it is not profitable enough for the company.
If FCA were willing to sell Jeep as a standalone brand, a lot more suitors would appear, including GM and Ford.
But Geely says it could be a good move for other brands.
A sale to China might be in FCA's best interest, but it might not be in the United States' best interest.
More big recalls from FCA.
Airbag could fail to deploy in rollover.
One analyst estimates that Jeep is worth $22 billion as a standalone brand.
The 2021 model year, though, will get major changes.
The phrase was discovered during the US government's current investigation of the automaker.
Hopefully we aren't looking at the start of the Takata saga's sequel.
FCA revises previous monthly sales numbers based on new reporting system.
The National Highway Traffic Safety Administration will reportedly levy a $105 million fine against Fiat Chrysler Automotive over lapses in the reporting and handling of recalls and safety defects.
Updated versions of the FCA Owner apps from Mopar offer an increased array of functions to help the driver of any Chrysler, Dodge, Ram, Jeep, Fiat or Alfa Romeo.