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U.S. vehicle safety regulators’ tougher posture toward automakers is a “new phase” in the government’s relations with the industry and will likely mean higher costs, Fiat Chrysler Automobiles NV Chief Executive Sergio Marchionne said Tuesday, reports Reuters. “We’re beginning to live through a new phase of regulation in the United States,” Marchionne told reporters after ... Read More »
Read More →Shares of Fiat Chrysler Automobiles NV closed up 13 cents to $15.60 a share on Tuesday, a dime higher than Ford Motor Co. — the second time this week that shares of the Auburn Hills automaker have topped its Dearborn rival, reports The Detroit News. Ford stock was down 8 cents Tuesday, dropping 2.6 percent ... Read More »
Read More →For the fifth straight year, Toyota Motor Corp (7203.T) and Honda Motor Co (7267.T) topped a study of automakers with U.S. plants in supplier relations, helping them get the best parts at the lowest cost, reported Reuters. Toyota was the tops in supplier relations, followed closely by Honda. Ford Motor Co (F.N) was a distant third, followed by Nissan ... Read More »
Read More →Fiat Chrysler Automobiles has asked for a new trial following one that ended early in April with a Georgia jury awarding $150 million to the family of a 4-year-old boy killed in a fiery crash involving at 1999 Jeep Grand Cherokee, reported Reuters. Evidence and the law did not support that verdict in April, the ... Read More »
Read More →DETROIT – General Motors CEO Mary Barra said the automaker has a comprehensive plan in place through the early part of the next decade, and a merger with a large, competing automaker does not appear to be part of that, reported MLive. Speaking in a conference call Thursday morning to discuss the Detroit company’s first ... Read More »
Read More →Fiat Chrysler Automobiles NV shareholders on Thursday approved the automaker to buy back up to 10 percent of company shares over the next 18 months, reported The Detroit News. The approval does not entail any obligation for the automaker to actually buy the shares but is designed to provide additional flexibility, according to the company. ... Read More »
Read More →Chief Executive Sergio Marchionne wants Fiat Chrysler Automobiles to play a key role in a consolidation of the global auto industry which he sees as inevitable to manage prohibitive capital costs, reported Reuters. Speaking on Thursday to shareholders in Amsterdam, away from Fiat’s historic roots in Turin and Chrysler’s in Detroit, Marchionne said: “We don’t ... Read More »
Read More →WASHINGTON — Fiat Chrysler Automobiles NV CEO Sergio Marchionne defended the safety of millions of Jeep SUVs recalled for possible gas tank fires, as a Georgia jury hears the case of a 4-year-old boy killed in a Jeep fire, reported The Detroit News. In a 171-page January deposition obtained by The Detroit News, Marchionne said ... Read More »
Read More →Fiat Chrysler CEO Sergio Marchionne earned more than $38.06 million in 2014 when all of his bonuses and compensation are included, according to an annual report published by Fiat Chrysler Automobiles Thursday, reported Detroit Free Press. An earlier version of this story said Marchionne’s total compensation for 2014 was about $7.2 million using Thursday’s currency ... Read More »
Read More →Fiat Chrysler Automobiles is recalling 702,578 SUVs and minivans to fix defective ignition switches that can unexpectedly turn off the engine, according to documents posted Friday by U.S. safety regulators, reported Reuters. The recall covers Dodge Grand Caravan and Chrysler Town and Country minivans from 2008 to 2010 model years and Dodge Journey SUVs from ... Read More »
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