Fiat Chrysler Automobiles CEO Sergio Marchionne has a good morning today, after FCA announced boosted profit and earnings spurred by healthy sales in the U.S. and Europe.
First quarter net profits were up from just above the break-even point a year ago to 451 million euros ($539.4 million), according to The Detroit News, with pre-tax earnings up 88 percent to 1.3 billion euros ($1.6 billion). (Read More…)
General Motors announced last week that it would develop a fleet of autonomous Volts for its Warren, Michigan campus by 2017, despite announcing earlier in the year that its struggling Oshawa, Ontario facility would be a hub for connected vehicles in April.
GM spokesman Dan Flores said the Warren campus was the best fit for the self-driving Volts that will shuttle GM employees.
“We have several global engineering centers in the world and they all play a role in development,” he said. “There shouldn’t be anything read into the autonomous center being based in Warren. It’s the company’s main technical center.” (Read More…)
General Motors announced Thursday it will invest $1 billion into its Warren Tech Center in Warren, Mich., adding 2,600 jobs through 2018.
General Motors is expected to announce Thursday its plans for the Warren Tech Center, including its proposed $1-billion investment into the facility.
The 12-person protest that took place at Chrysler’s Warren, Michgan truck plant got little notice in the automotive news cycle, save for a couple of mentions on the usual aggregators. In truth, it’s not the juiciest story to sell in this click-driven wasteland, though these stories tend to raise the most interesting questions. This example highlights an issue that is going to dog the UAW for some time – how will the UAW control their workers when they are also the owners?