#Fca
French Unions Give FCA-PSA Merger a Tentative Thumbs-up
There’s a ways to go before Fiat Chrysler and France’s Groupe PSA officially slip the ring onto the other’s finger, but the engagement seems strong. Stronger, in fact, now that a majority of labor unions representing PSA workers have voiced approval for the proposed merger.
As the wedding day approaches, European labor bosses promise to dig through any and all agreements, searching for any clause or decision that might hurt their members.
Fiat Chrysler-UAW Bargaining May Not Be a Breeze
After UAW-affiliated Ford workers ratified a collective agreement Friday, Fiat Chrysler is next — and last — in line to hammer out a deal with the union. Ford has an easy go of it, requiring just five days of bargaining before reaching a tentative deal; earlier, General Motors suffered financial hardship after its U.S. workforce walked off the job for 40 days.
Being first at the table, GM’s bargaining is seen as the heaviest lifting of the Detroit Three. Its deal serves as a model for others to follow, and you can be sure the wage increases, pathways to full-time employment, and status-quo healthcare benefits contained within will be held up by UAW bargaining team members when they face the FCA team.
However, for FCA, the nature of the automaker’s workforce could make reaching a deal a rocky journey.
Minivan (Sales) Magic to Commence Soon?
There was a flurry of speculation earlier this year about a traditional people hauler, with whispering voices claiming that, in a bid to boost demand, Fiat Chrysler was prepared to offer an all-wheel drive version of its Pacifica minivan. Minivan sales aren’t doing too hot, as you know. Crossovers and the like…
While the automaker’s minivan plant in Windsor, Ontario did get a funding top-up in April, thus far the only byproduct of that $355 million cash dump was the creation of a new/old nameplate — Voyager — to stand in for lower-trimmed Pacificas. A new bit of evidence, however, does point to an eventual AWD Pacifica.
More Evidence of a New Engine for Future Jeeps, Rams
A yet-to-be-revealed engine that’s kept the rumor mill in Mopar circles churning continues to make its possible presence known. It’s an engine supposedly tapped for a new line of Fiat Chrysler products, and might find a home in existing vehicles, too.
It’s an engine that comes to the table with (arguably) the sexiest cylinder layout on the market: six of ’em, all in a row.
Fiat Chrysler Dealers Cry Foul Over Inventory Glut
Certain Fiat Chrysler dealers aren’t happy with the inventory buildup that took place over the summer, claiming the automaker is headed back to the bad old days with the creation of a sales bank.
FCA, which just sealed a merger agreement with France’s Groupe PSA, claims its inventory is under control, touting a significant reduction in unsold vehicles during the third quarter.
Sustainability: Manley and Alfa Romeo Think Small
As we told you last week, the Alfa Romeo brand’s near-term future contains far less excitement than initially thought. In Fiat Chrysler’s third-quarter earnings report, the automaker revealed a severely pared-down product portfolio for the struggling Italian brand. Gone are plans for a new 8C and GTV.
As the product picture becomes clear, it seems Alfa has even fewer items to dole out than once believed — which might be just the thing for a brand that’s struggling to leave the launch pad.
Brand Cull? Tavares Claims PSA-FCA Merger Won't Lead to Bloodbath
There may still be a chance for a new Fifth Avenue. Carlos Tavares, CEO of France’s PSA Groupe and head of a future combined entity, claims the looming merger between his company and Fiat Chrysler will not leave dead brands scattered across the landscape.
There’ll still be a role for such flagging brands as, well, Fiat and Chrysler, the executive implied. It’s not hard to see how rumors of a brand cull could get started, considering this merger is all about finding efficiencies.
2020 Mopar Dodge Challenger Drag Pak Announced at SEMA
While this year’s Specialty Equipment Market Association (SEMA) event was laden with utilities and pickups, American manufacturers have not forgotten models riding closer to the ground. Dodge presented the latest incarnation of its Mopar Dodge Challenger “Drag Pak” — presumably spelled poorly due to the existence of Ford’s Drag Pack cars. Unlike most vehicles at SEMA, it’s something you can theoretically own.
Normally, SEMA display cars exist to showcase individual parts. While this also applies to the Challenger, Fiat Chrysler’s parts arm is at least interested in offering a comprehensive ass-hauling package. It’s a turnkey racer, something the industry has embraced a bit more fully these last few years. Yet the Drag Pak isn’t a track car meant for curves or corners. It’s all about straight-line speed and is legally obligated to keep itself off public roads because it’s not good at doing anything else.
Fiat Chrysler's Bigland Withdraws Lawsuit, but Only Temporarily
Reid Bigland, head of U.S. sales for Fiat Chrysler and chief of the mighty Ram brand, has withdrawn a lawsuit against his employer in the hopes of gaining whistleblower protection.
The top FCA executive filed the suit in June after the automaker allegedly made him take the financial fall for dodgy sales practices that preceded his tenure. Bigland, who was on the short list of possible successors for late CEO Sergio Marchionne, claimed FCA withheld bonuses and severely cut his pay — payback for a federal probe that forced the company to revise its sales history.
The lawsuit will be back on come December.
QOTD: Failure to Launch?
On Friday, our fancy-pants Associate Ed asked what you’d like to see out of a FCA-PSA shotgun nuptial. The answers were varied as they were predictable: 208 GTI, Panda, and the like.
Alert readers with long memories will certainly be quick, and correct, to point out this is hardly the first time Chrysler has gotten into bed with someone from France. Today, we ask you: what product couldah been a contendah the last time Franco-American relations were undertaken?
Earnings Report Shows Fiat Chrysler Giving Alfa Romeo All the Attention It Deserves - Which Apparently Isn't Much
Sports car fans had best brace themselves for a big letdown. Fiat Chrysler, currently pursuing a merger with France’s Groupe PSA, has given investors a peak at future high-end product, and two anticipated models seem to have fallen off the drawing board.
Those products would be the reborn Alfa Romeo GTV and 8C, which are nowhere to be seen in the brand’s near-future product timeline. However, if crossovers are your thing, you’re in luck.
QOTD: Chrysler-Jeep-Dodge-Ram-Dream Fodder?
As you learned yesterday, Fiat Chrysler and France’s Groupe PSA have agreed on a merger plan, paving the way for the creation of the world’s fourth-largest automaker. FCA boss Mike Manley calls it a “compelling” opportunity. PSA chief Carlos Tavares claims it heralds a “bright future” for the combined entity.
Renault is left wondering what could have been.
Should the marriage come to pass, it opens up an opportunity for North American buyers to have greater access to a range of French cars, not to mention models built by the formerly GM-owned Opel. What would you like to see at your local Chrysler-Jeep-Dodge-Ram dealer?
Fiat Chrysler and PSA Confirm Merger Deal
Fiat Chrysler Automobiles and Groupe PSA both confirmed their intention to merge on Thursday, verifying reports that the pair were in the final stages of approving the deal. The arrangement will be a 50-50 share swap, with the new company’s shares listed on the New York, Paris and Milan stock exchanges.
The duo hope to finalize a deal in the coming weeks to create a group with 8.7 million in annual vehicle sales. That would make it the fourth-largest automaker in the world — behind Volkswagen, Toyota and the Renault-Nissan-Mitsubishi alliance.
“There is still plenty of work to do before we reach a formal agreement, but what’s clear is that the opportunity that represents for both companies is very compelling,” FCA head Mike Manley told Reuters. It would appear the arrangement is getting plenty of support. French and Italian leadership have both endorsed the move, provided there are no significant job losses in either country.
Report: Fiat Chrysler Agrees to Merge With Groupe PSA
On Tuesday, we published a piece examining the possibility of Fiat Chrysler Automobiles merging with France’s Groupe PSA. Considering the how often FCA is in merger discussions, we treated it as little more than a well-founded rumor worth monitoring. But additional reports have come through suggesting that the deal has already been approved.
According to The Wall Street Journal, sources with first-hand knowledge have confirmed the companies are already moving forward on the union — effectively creating the world’s fourth largest automaker by volume.
Fiat Chrysler and PSA Flirting With a Merging?
It’s almost like celebrity gossip these days. Except instead of trying to see who’s seated next to Taylor Swift or Selena Gomez at a swank joint on the Sunset Strip, we’re looking to see who’s chatting up Fiat Chrysler at the party.
The Wall St. Journal is reporting that Fiat Chrysler Automobiles and PSA Group of France are in talks to merge.
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