Tag: fca

By on August 21, 2017

2017 Jeep® Grand Cherokee Trailhawk Great Wall logo - Image: FCA/Great WallIn the week that’s elapsed since initial reports surfaced of a Chinese automaker planning a takeover of Fiat Chrysler Automobiles, Geely, Dongfeng, and Guangzhou Automobile Group have all taken themselves out of the running.

Automotive News now reports, however, that the seventh-largest automaker in China, Great Wall Motors Company, has a keen interest in FCA, which has long courted unwilling suitors.

There’s one outstanding issue. Great Wall Motors Co. is open about its desire to acquire Jeep as part of a mission “to become the world’s largest SUV maker,” but Great Wall doesn’t want FCA’s other, far less valuable entities.  (Read More…)

By on August 19, 2017

FCA sign, Image: Fiat Chrysler Automobiles

Federal prosecutors charged a fourth player in the widening United Auto Workers-Fiat Chrysler Automobiles corruption scandal on Friday, providing a clearer picture of how the years-long conspiracy went down.

Virdell King, a former senior UAW official and the first black woman to head a UAW-FCA local, now faces the same charges as three others indicted in the $4.5 million money-funnelling scheme. King, who retired in 2016, served on the board of the scandal-plagued UAW-Chrysler National Training Center — a facility prosecutors claim acted as a money pit for the enrichment of FCA and UAW execs.

In a document filed in U.S. District court in Detroit yesterday, prosecutors allege former FCA vice president Alphons Iacobelli opened the cash taps to UAW brass in an attempt to bribe them into taking “company-friendly positions.” The training center’s funds, earmarked for autoworkers, served as the bank. NTC credit cards apparently made making the lavish purchases a breeze.

“If you see something you want, feel free to buy it,” Iacobelli said, according to the court filing.

(Read More…)

By on August 18, 2017

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First it was Geely. Then Dongfeng. Now add Guangzhou Automobile Group to the list of Chinese automakers that have denied interest in acquiring Fiat Chrysler Automobiles (FCA).

FCA has seemingly been seeking a dance partner for a merger or acquisition for a year or two now, and the company’s stock rose earlier this week when Automotive News reported that a “well-known Chinese automaker” had made an offer to acquire FCA. The company has a market value close to $20 billion. Automotive News reported that the offer was rejected for not being enough.

(Read More…)

By on August 18, 2017

UAW-Chrysler National Training Centre (Norwood Jewell on left), Image: UAW-Chrysler National Training Center

On the surface, the UAW-Chrysler National Training center is a facility offering a helping hand to blue-collar workers looking to improve their employability. But the widening spending scandal involving former top brass at both the union and automaker has exposed a previously unknown use for the Fiat Chrysler Automobiles-funded NTC: a trough of cash at which to gorge oneself.

Two weeks after former Fiat Chrysler Automobiles financial analyst Jerome Durden, indicted for funnelling $4.5 million in training center funds to other execs, pleaded guilty to conspiracy to defraud the United States, the scandal has spread to existing execs.

The Detroit News reports current United Auto Workers Vice President Norwood Jewell (seen above, on left) became the recipient of some of those funds in the form of a high-powered gift: a $2,180 shotgun. (Read More…)

By on August 17, 2017

last-viper

It’s a wrap on the Dodge Viper. FCA’s flagship supercar just rolled down the assembly line for the last time. In production from 1992 to 2010 and from 2013 through 2017, we’re hoping this is just another three-year hiatus for the snake. But, as production is ending indefinitely, we have no way of knowing if that will be the case.

What is assured is that the Viper’s current incarnation is over. Ralph Gilles, FCA’s head of design, posted a series of photos on social media documenting the vehicle’s last two production models as they made their way out of Detroit’s Conner Avenue Assembly Plant, the Dodge Viper’s home since 1995. (Read More…)

By on August 16, 2017

FCA Brampton Assembly Line Challenger & 300 - Image: FCA

After a bombshell report stated multiple Chinese automakers are courting Fiat Chrysler Automobiles in the interests of a buyout, the country’s most well known manufacturer says it wasn’t the one making an offer.

Geely Automotive, an unknown entity until its parent holding company’s 2010 purchase of Ford castoff Volvo Cars, claims it isn’t planning a takeover of the Italian-American automaker. However, it’s not like Geely’s parent company doesn’t have deep pockets. Surely there’s roughly $20 billion in clanky bits somewhere in those trousers.

Still, a source claims Zhejiang Geely Holding Group did hold preliminary talks with FCA late last year. (Read More…)

By on August 15, 2017

FCA China flag

As you’re probably aware, this week began with rumblings that several Chinese automakers, some of them state-owned, are taking an interest in Fiat Chrysler Automobiles. Not entirely surprising, as we all know FCA CEO Sergio Marchionne’s spent the past year or so positioning his company for a potential takeover. Slashing debt, consolidating its operations, all to look pretty for that potential mate.

Sure, General Motors and Volkswagen rebuffed the company’s awkward advances, but there’s plenty of fish in the sea for a company with an urge to merge. However, with cash-flush Chinese manufacturers, buyouts are more likely than partnerships.

If it comes to pass, it might not be a bad thing for the volatile American automaker. China’s Zhejiang Geely Holding Group Co., owner of Volvo Cars, did great things for the Swedish brand, overcoming its financial issues while affording the automaker a hands-off approach. Is Volvo making great cars again? Is it on solid footing?

All signs point to “yes.” (Read More…)

By on August 14, 2017

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Fiat Chrysler Automobiles CEO Sergio Marchionne has been hoping to sell the company to the right kind of buyer for a while now. But, with no serious contenders, FCA has been forced to trudge onward into the future without a bonafide suitor.

That’s rumored to have changed, as numerous sources are claiming Chinese automakers have taken an interest in the Italian-American company. However, whether these are potential one-night stands or a serious courtship remains unknown. Marchionne has previously specified he only wants to see FCA enter into the warm embrace of an established automaker and, while China has them, some would be better partners than others.  (Read More…)

By on August 10, 2017

2015 Jeep Wrangler Unlimited

Screenshots of preliminary information added to the Fiat Chrysler Automobiles dealer network computer system suggest the next-generation Jeep Wrangler, due for a late-November reveal, breaks with tradition in more than a few ways. The largest break involves how the 2018 Wrangler puts its power down to all four wheels.

The dealer system images, shared by JL Wrangler Forums, show the Wrangler adopting a Selec-Trac full-time four-wheel-drive system, among other drivetrain details. Is this a goodbye to the manly transfer case lever? (Read More…)

By on August 8, 2017

FCA - Auburn Hills

Automotive conspiracies are all the rage right now. However, my current favorite is the cooperative machinations between Fiat Chrysler employees and UAW representatives to embezzle millions from a joint training fund.

On Tuesday, former FCA financial analyst Jerome Durden entered a guilty plea at a hearing in federal courtroom in Ann Arbor, Michigan. Durden aims to cooperate with prosecutors (in exchange for a reduced sentence) as they build their case against other conspirators — specifically Alfons Iacobelli, FCA’s former head of labor relations, and Monica Morgan, widow of General Holiefield, the UAW’s former head of its Chrysler division.

The pair are alleged to have the siphoned over a million dollars from the FCA-UAW Joint Training Center between 2009 and 2014, blowing the majority of it on home expansions, fancy cars, first-class plane tickets, and extravagant baubles. Meanwhile, Durden was caught failing to file a tax return for the approximately $4,000 he received in 2013. Oh, and for conspiracy to defraud the U.S. government. (Read More…)

By on August 8, 2017

2017 Alfa Romeo Giulia Quadrifoglio - Image: FCACritics love the Alfa Romeo Giulia.

And they hate it.

American luxury car buyers, however, are increasingly interested. The Alfa Romeo Giulia lineup has been available since the tail end of 2016. And every month, right through the spring and into the summer, stories of breakdowns and limp-home modes and on-track failures had no apparent impact on increased demand.

July 2017 was the Alfa Romeo Giulia’s best month on the U.S. market to date. (Read More…)

By on August 5, 2017

2017 Fiat 124 Spider Lusso - Image: FCAJuly 2017 was the first month in which we could ascertain the year-over-year U.S. sales direction of the one-year-old Fiat 124 Spider.

That direction is down.

In fact, the rate of year-over-year decline — 124 Spider sales fell only 6 percent in a passenger car market that was down 15 percent — was by no means severe. But it’s yet another sign that when American roadster buyers want a Mazda Miata, they buy a Mazda Miata. (Read More…)

By on August 3, 2017

dodge performance

Fiat Chrysler Automobiles has filed an application with the United States Patent and Trademark Office to trademark the term “Angel.” Submitted on July 17th, the name would be applicable to FCA-branded vehicles, specifically passenger automobiles, their structural parts, badges, and trim.

Is this to be a special edition Dodge SRT Demon emblazoned with blinding white bodywork or a electric economy car named to poke fun at the beastly coupe? Either way, FCA could certainly use something angelic in its lineup, because the heavenly Pacifica can’t be left to do all the heavy lifting.  (Read More…)

By on July 31, 2017

2017 Jeep Compass

It’s no secret that hybrids and fully electric vehicles are about as appealing to Fiat Chrysler Automobiles CEO Sergio Marchionne as a crisp, button-up shirt. The FCA boss once famously railed against his company’s sole electric offering — the tiny, money-losing Fiat 500e — for losing $10,000 for every unit sold. Placating California doesn’t come cheap.

Still, Marchionne isn’t alone in distrusting the plug. Subaru and Mazda have shown a similar aversion to electrification, though even those automakers concede it’s a losing battle. In a conference call with investors late last week, Marchionne admitted defeat, outlining a plan to add electric motors to a significant chunk of FCA’s fleet in the coming years. One division stands to go the way of Volvo, with electric motors planned for each new car introduced after 2019.

What prompted the shift in thinking? Diesel, and the public’s growing distrust in compression-ignition engines. (Read More…)

By on July 28, 2017

2017 Ram 1500 Outdoorsman Crew Cab 4x4 EcoDiesel

The light-duty Chrysler diesel is back. After a bevy of undeclared emissions control devices sank Fiat Chrysler Automobiles into a cauldron of hot water back in January, U.S. regulators have certified 2017 models powered by the company’s 3.0-liter EcoDiesel V6.

Having spent the last half-year cooling their heels, unsold Ram 1500 and Jeep Grand Cherokee oil-burners are once again legal for sale to torque- and economy-obsessed buyers.

FCA earned itself plenty of bad PR after the Environmental Protection Agency all but accused the automaker of a Volkswagen-like scheme to deceive the U.S. government and cheat on emissions tests. The undeclared software amounted to a violation of the Holy Grail of environmental legislation: the Clean Air Act. Software tweaks have now rendered the engine compliant, earning a certificate of conformity (also known as a thumbs up) from the EPA.

Too bad about that Justice Department lawsuit. (Read More…)

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