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U.S. safety regulators said on Friday they have opened an investigation into an estimated 50,415 newer Jeep Cherokee SUVs, a key model for the profitability of Fiat Chrysler Automobiles, after receiving complaints of engine compartment fires, reported Reuters. The U.S. National Highway Traffic Safety Administration said it opened the preliminary evaluation into the 2015-model SUVs ... Read More »
Read More →The U.S. auto market may be heading into a very good year, but there’s still reason to worry, cautioned FCA Chief Executive Officer Sergio Marchionne, during a well-attended media “roundtable” at the opening of the North American International Auto Show, reported The Detroit Bureau. Like other senior executives gathered for a two–day preview, Marchionne said ... Read More »
Read More →Fiat Chrysler Automobiles said today that it was able to raise $3.89 billion before expenses from the sale of 100 million shares of stock and a separate bond offering, reported Detroit Free Press. The sale of the stock and bonds will give the automaker much needed capital that it can use to pay down debt ... Read More »
Read More →U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles (FCA), reported Reuters. Italian automaker Fiat SpA took management control of Chrysler in 2009 after the American company emerged from government-sponsored bankruptcy. Earlier this year Fiat completed ... Read More »
Read More →Auto analysts are skeptical that Sergio Marchionne, the hyperbolic chief executive of Fiat Chrysler Automobiles, can meet his most ambitious goal: to nearly double Jeep’s global sales over the next four years, reported Reuters. Marchionne reiterated his aggressive target for boosting Jeep’s annual volume to 1.9 million, while pacing the floor of the New York ... Read More »
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