Chinese Automakers Are Sweet and Sour on Fiat Chrysler Ownership

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.

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QOTD: Do You Care If China Sells You Your Next Jeep Wrangler?

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.”

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Fiat Chrysler Alleged to Have Multiple Chinese Suitors

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.

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2018 Jeep Wrangler Specs, Options Leaked: Full-time 4WD on the Way?

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?

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Busted: Former FCA Analyst Pleads Guilty to Conspiracy

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.

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Alfa Romeo Giulia Sales Jumped yet Again in July 2017

Critics 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.

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Fiat Chrysler Files 'Angel' Trademark for Passenger Vehicles

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.

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General Motors, Ford, Fiat Chrysler Automobiles All Suffer Big U.S. Sales Drops in July

As U.S. auto sales are forecasted to fall between 5 and 6 percent in July 2017, the reports released this morning by the traditional Detroit Three — General Motors, Ford Motor Company, Fiat Chrysler Automobiles — appear to be worse than average.

Due to decreased year-over-year volume at each of its four brands, including a harsh 30-percent decrease at Buick, General Motors plunged 15 percent to 226,107 sales. That loss equalled 41,151 fewer sales for America’s largest automobile seller. At Ford Motor Company, total sales fell 7 percent despite rising F-Series sales. Car volume tumbled 19 percent at Ford and Lincoln, and SUV/crossover sales were up only slightly. At FCA, meanwhile, a 10-percent overall decline was caused by decreased volume at Jeep, Chrysler, Dodge, and Fiat.

Fortunately, there remain reasons for optimism.

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Sergio Warms up to Electrification, Even As FCA's Light-duty Diesels Get the Green Light

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.

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2017 Jeep and Ram EcoDiesels Are Legal Again, Baby!

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.

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Former FCA Labor Chief and UAW Widow Charged in Union Corruption Conspiracy

Former Fiat Chrysler Automobiles labor relations chief Alphons Iacobelli and Monica Morgan, wife of late UAW Vice President General Holiefield, have been charged by a federal grand jury with violating the Labor Management Relations Act.

According to the U.S. Attorney’s office in Detroit, the pair were indicted on Wednesday for corruption after a lengthy joint investigation between the FBI and the IRS.

Iacobelli is accused of acting in the interest of FCA by issuing over $1.2 million in illegal payments and bribes to union members — including Morgan and Holiefield. The former union executive’s untimely death appears to have thrust his widow into the spotlight and saved him the trouble of a lengthy trial.

Morgan is best known for her work as a photographer in Detroit, and for being accidentally shot in the stomach by her husband while he was cleaning his Desert Eagle handgun in 2013. Iacobelli is primarily known for negotiating killer deals with the UAW and an abrupt, scandal-related, retirement in 2015.

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FCA Recalling 2017 Dodge Challengers Over Rollaway Problem

After a high-profile recall of over 1 million vehicles due to a design flaw associated with the shifter used with the ZF eight-speed automatic transmission, Fiat Chrysler probably felt it was in the clear as far as rollaway risks were concerned. Unfortunately, FCA is now recalling 2017 Dodge Challengers with instrumentation that might erroneously indicate the vehicle is in park — creating another potential rollaway hazard.

The affected vehicles have 5.7-liter V8 engines and eight-speed automatic transmissions. In total, Dodge expects the necessary fix to pertain to 7,802 vehicles in the United States, 390 in Canada, and 119 more outside of North America.

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Report: Diesel Jeep Wrangler Still a Go After Dealer Meeting

As the next-generation 2018 Jeep Wrangler draws ever closer to its debut, an anonymous source who apparently attended a cozy, invite-only Fiat Chrysler Automobiles dealer meeting has spilled his or her guts.

The unconfirmed powertrain details leaked to JLWranglerForums shed light on what to expect under the slightly longer hood of the lighter, more aerodynamic Wrangler. It seems FCA’s battle with the Environmental Protection Agency hasn’t squashed its desire for a diesel Wrangler.

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Fiat Chrysler Thinks Americans Outside of California Don't Know What the Pacifica Plug-in Hybrid Is

It’s a fact that California contains half of the country’s electric vehicles and a solid chunk of America’s hybrids, but that doesn’t necessarily mean residents of the other 49 states can’t tell a plug-in hybrid from a turnip.

As all-electric range grows, plug-in hybrids have begun eclipsing conventional hybrids in the U.S. marketplace, enticing buyers with the prospect of leaving the gas engine shut off (potentially) for the whole commute. After hopping on the green bandwagon with its Pacifica Hybrid, Fiat Chrysler Automobiles was able to boast of having the only plug-in minivan in North America.

Only, it won’t boast about the “plug-in” part anywhere except California. Nope, you won’t hear the company call it a plug-in in New York City, or Seattle, or Chicago. Not in Vermont or Georgia, either. Apparently those people just can’t handle it.

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Ad Time: Promising Sesame Street Chrysler Promotion Ruined by Guy Smiley, Big Bang Theory

Get to know me, even just a little, and you’ll quickly discover my seething hatred for the inexplicably popular and mercilessly long-running sitcom, The Big Bang Theory. Given the chance, I’d banish the writers, producers and male cast to the barren wastes of Siberia, where the overpaid hacks could atone for their sins (and remain quiet) while braving the frigid winds in search of nutrient-rich mosses and lichens.

Maybe it’s the death of the sitcom that brought us to this point. Raised on the terrific sitcoms (and some guilty also-rans) of the 1970s, 80s, and 90s, my childhood television experience was abundance in diversity. Still, despite my love for cars and guns and the like, my TV starting point, like that of so many others, was Sesame Street. America’s social barometer, it was, and continues to be.

Like now, strong options loomed large in little Steph’s brain. Never cared for Big Bird. Too big. Dull in conversation. Grover? Who is Grover really supposed to be? And frankly, I wouldn’t leave any child of mine alone with Elmo.

Still, certain characters hold a special place in my dark, shrivelled heart. Until, that is, Fiat Chrysler Automobiles got its hands on their innocent, soft upper halves.

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  • Zipper69 "At least Lincoln finally learned to do a better job of not appearing to have raided the Ford parts bin"But they differentiate by being bland and unadventurous and lacking a clear brand image.
  • Zipper69 "The worry is that vehicles could collect and share Americans' data with the Chinese government"Presumably, via your cellphone connection? Does the average Joe in the gig economy really have "data" that will change the balance of power?
  • Zipper69 Honda seem to have a comprehensive range of sedans that sell well.
  • Oberkanone How long do I have to stay in this job before I get a golden parachute?I'd lower the price of the V-Series models. Improve the quality of interiors across the entire line. I'd add a sedan larger then CT5. I'd require a financial review of Celestiq. If it's not a profit center it's gone. Styling updates in the vision of the XLR to existing models. 2+2 sports coupe woutd be added. Performance in the class of AMG GT and Porsche 911 at a price just under $100k. EV models would NOT be subsidized by ICE revenue.
  • NJRide Let Cadillac be Cadillac, but in the context of 2024. As a new XT5 owner (the Emerald Green got me to buy an old design) I would have happy preferred a Lyriq hybrid. Some who really like the Lyriq's package but don't want an EV will buy another model. Most will go elsewhere. I love the V6 and good but easy to use infotainment. But I know my next car will probably be more electrified w more tech.I don't think anyone is confusing my car for a Blazer but i agree the XT6 is too derivative. Frankly the Enclave looks more prestigious. The Escalade still has got it, though I would love to see the ESV make a comeback. I still think GM missed the boat by not making a Colorado based mini-Blazer and Escalade. I don't get the 2 sedans. I feel a slightly larger and more distinctly Cadillac sedan would sell better. They also need to advertise beyond the Lyriq. I don't feel other luxury players are exactly hitting it out of the park right now so a strengthened Cadillac could regain share.