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The beginning of Chrysler stemmed from the ailing Maxwell Motor Company, which Walter P. Chrysler had been appointed to overhaul. While many Chryslers were simply re-branded Maxwells in the early years, the new direction of the company was to build affordable quality transportation.
In response to media reports, a lawsuit, and federal investigations into potential sales figure tampering, Fiat Chrysler Automobiles is changing the way it records sales.
This means that the automaker’s much-touted 75-month sales streak is dead. FCA admits that under the new method, its year-over-year monthly sales gains ended in September 2013. Ad copy is likely being rewritten as you read this. Read More >
Fiat Chrysler Automobiles stopped inflating monthly sales figures after uncovering the practice last year, according to sources within the automaker.
The two insiders told Automotive News that the practice, which involved artificially boosting sales numbers before rolling them back the following month, was discovered by an internal review in mid-2015. FCA sales chief Reid Bigland reportedly put a stop to the practice.
FCA is now under investigation by the U.S. Department of Justice and the Securities and Exchange Commission. Read More >
Last week, our own Tim Cain broke down exactly why the Dart was destined for the dustbin. Steph asked in April if the Dart would outlast the Obama administration, a question answered last week with a resounding “no” from Auburn Hills. And before that, I asked you what company could build a replacement for the Dart, while offering up my own guesses. One car kept rising to the top of the suggestion list: the Mazda3.
But, what would a Mazda3-based Dodge Dart replacement look like? We wanted to know. And since none of us at TTAC are particularly gifted when it comes to pixel manipulation, we commissioned a pair of renders from the talented Theophilus Chin of Chris Doane Automotive to find out.
Read More >
Fiat Chrysler Automobiles is in hot water with federal authorities over the way it reports its sales.
Late yesterday, it was revealed that the U.S. Department of Justice and the Securities and Exchange Commission both launched investigations into the automaker, following months of accusations of inflated sales figures. Read More >
Fiat Chrysler Automobiles will give you up to $1,500 to find weaknesses in its vehicles’ security, but cybersecurity experts want the automaker to pony up more dough.
After the company announced its industry-first “bug bounty” program on July 13, many professional hackers say FCA’s reward isn’t enough to attract real talent in the search for software breaches, Forbes reports. Read More >
In a few weeks, after Pokémon Go jumps the shark and we all head back to our homes for nights of solitude, Fiat Chrysler Automobiles will offer another opportunity for high-tech geekery. And a lucrative one, too.
Announced today, the automaker will hand tech-savvy individuals cold, hard cash in return for information on weaknesses in its vehicles’ cybersecurity. Exposing a hidden backdoor that hackers could sneak through will net you up to $1,500. Read More >
After Britain referendumed themselves right out of the European Union last week, there was plenty of talk about how the country’s automakers would fare in the wake of the Brexit.
But what about an Italian-American automaker? Today, investment bank Goldman Sachs removed Fiat Chrysler Automobiles from their “conviction” buy list, citing uncertainty over the fate of the EU, Bloomberg reports. Read More >
Two years after it issued, and then cancelled, a request for government assistance, Fiat Chrysler Automobiles finally received some cash to help pay for its Windsor Assembly Plant upgrade.
The province of Ontario handed FCA $85.8 million ($66.5 million U.S.) today to help cover some of the cost of retooling the facility to handle production of the 2017 Chrysler Pacifica minivan. Some of the cash went to the research and development facility FCA operates jointly with the University of Windsor. Read More >
Fiat Chrysler Automobiles CEO Sergio Marchionne likes to keep people guessing, which is no surprise to those following the rapid-fire product changes at his company.
With his company’s fortunes buoyed by sales of thirsty Ram and Jeep vehicles, Marchionne remains fascinated and distrustful of electric automaker Tesla, telling Britain’s Car Magazine that the future of propulsion likely lies somewhere else.
The question is, what’s Marchionne doing about it? Read More >
Fiat Chrysler Automobiles CEO Sergio Marchionne could be on the cusp of a new (corporate) romance.
The automaker is talking with ride-sharing megaprovider Uber about join forces on a self-driving vehicle venture, according to Automotive News. Sources close to the matter say those talks are in the early phase, but a agreement could be announced before the end of the year. Read More >