Tag: fca

By on November 19, 2020

The merger between Fiat Chrysler Automobiles and PSA Group is reportedly progressing smoothly, with the involved parties announcing general meetings for their respective shareholders on Wednesday. Scheduled to take place on January 4th, the summit is being held “in order to approve the merger of their companies to allow the creation of Stellantis, which will become the world’s fourth largest automobile manufacturer by volume,” according to a joint release.

(Read More…)

By on November 10, 2020

Unifor members overwhelmingly ratified a new three-year contract with General Motors, effectively ending the union’s 2020 auto bargaining with Detroit automakers. Members backed the contract with 85 percent approval and secured meaningful investments into Canada’s automotive industry, including the $1 billion (USD) investment that saves Oshawa Assembly. It’s an important victory for the union and the Canadian auto workers it represents.

“This contract solidifies and boldly builds on GM’s Canadian footprint, with a $1.3 billion dollar investment that brings 1,700 jobs to Oshawa plus more than $109 million to in-source new transmission work for the Corvette and support continued V8 engine production in St. Catharines,” said Unifor National President Jerry Dias. “Jobs at all three Canadian sites are secure for the life of this agreement, including at the Woodstock Parts Distribution Centre, which will also see upgrades.”

(Read More…)

By on November 3, 2020

Fiat Chrysler Automobiles has said that it might be looking at $840 million if it wants to settle a Justice Department investigation into excess diesel emissions and threw some mild shade at regulators.

The manufacturer noted that the U.S. appeals court’s August ruling that overturned the Trump administration’s July 2019 rule that suspended a National Highway Traffic Safety Administration regulation more than doubling emissions penalties for automakers is playing a major factor in that sum. Obviously, it wishes they hadn’t.

(Read More…)

By on October 26, 2020

One of the main reasons Fiat Chrysler Automobiles is partnering with PSA Group is to help soften the financial blows of battery development, we literally just talked about it. But the French automaker has its own reasons for wanting to get into bed with the FCA, namely its rather diverse list of subsidiaries  with Jeep occupying spot número uno.

Despite being offensively American to some, Jeep is the sixth most-popular nameplate in the United States. It also happens to be world-renowned as an off-road brand and had made strong inroads in places you’d never expect. This has forced the brand to rethink its global appeal, requiring Fiat Chrysler to issue some market-specific models like China’s Jeep Commander PHEV and the Renegade 4xe  the latter of which is already sold in Europe and slated to launch this November in Japan. But these models are only the tip of the iceberg as FCA intends on meeting ever-tightening emissions regulations in major markets that aren’t the United States.

(Read More…)

By on October 26, 2020

Fiat Chrysler and PSA Group are reportedly in the homestretch of their $38 billion merger deal and on the cusp of becoming Stellantis  the planet’s fourth largest automaker by volume. The plan is to join forces to help absorb the monumental cost of developing alternative energy vehicles (like EVs) without losing any brands or shuttering any facilities that weren’t previously marked for death. We’re inclined to believe it when we see it, however, as the duo are also targeting an annual cost reduction of 5 billion euros (about $5.91 billion USD).

It also hasn’t been a smoothest of regulatory rides. After spending years hunting for the perfect partner, FCA and PSA had to adjust the terms of their existing deal to contend with losses incurred as a result of the pandemic response. But it all seems to be fine now and the European Commission has given approval and that’s what matters in finally getting this deal done.

(Read More…)

By on October 14, 2020

Canada’s preferred choice in unions, Unifor, warned that contract negotiations with Fiat Chrysler Automobiles were progressing slower than anticipated over the weekend. By Wednesday, news of a strike had begun brewing over social media. Local 444 was issuing FCA-WAP bargaining updates on Twitter and Facebook that included marching orders in the event that the day’s discussions didn’t end in a handshake.

“To ensure we are prepared for a strike, or strike coordinators have been working to finalize the details needed in order to begin, if and when necessary,” the union wrote to members. “If a tentative agreement is reached by 11:59pm October 14th, without an extension in place, then Local 444 along with brothers and sisters across the country at all FCA facilities will be on strike. As the talks continue late into the night, any updates will be posted to our social media pages and web page.”

That scenario is looking increasingly likely, especially as Unifor has explained there was little progress to report all afternoon. It also opened this week suggesting contract talks were “not quite where we feel [they] should be with this limited amount of time left on the clock.”

(Read More…)

By on September 23, 2020

Image: Ram

So you just bought your 2021 Ram 1500 TRX. You’ve got a supercharged 6.2-liter V8 from the Hellcat underhood, making 702 horsepower. You’re ready to take on the desert, if not the world.

Yet, you have no frickin’ clue what a certain infotainment-system setting does. You’re stumped. You’ve dove into the owner’s manual and the dry prose has you flummoxed and the index is no help. What’s a truck owner to do?

(Read More…)

By on September 17, 2020

Rare Rides has featured a few examples of Dodge vehicles which were breathed upon by the legendary Carroll Shelby. We add another entry to the file today, with the largest and most powerful Shelby featured here to date.

It’s a Durango Shelby SP-360 from 1999.

(Read More…)

By on September 16, 2020

General Motors refuses to let the dismissal of its federal racketeering case against Fiat Chrysler Automobiles stand in the way of getting what it believes is true justice. On Monday, the automaker filed its latest claim with Wayne County Circuit Court in Michigan. These are separate from the New Jersey lawsuit it has targeting former board member and ex-UAW vice president Joe Ashton, who GM has accused of being a hired mole. However, Ashton was named in the trio of new court filings, along with Alphons Iacobelli  the man who pled guilty to embezzling union funds and kicked off a gigantic federal corruption investigation into the UAW.

The automaker also named some of the banks it claimed were involved in the union scandal and continues to allege that FCA “provided millions of dollars to co-conspirators via numerous undisclosed offshore bank accounts and utilized such accounts to purchase the support and silence of numerous high-level UAW officers and FCA executives.” Fiat Chrysler’s assumed goal? Forcing General Motors into a merger or destroy it if the merger failed by negotiating favorable terms with the union and encouraging leadership into adopting positions that would harm GM.

(Read More…)

By on September 15, 2020

Fiat Chrysler Automobiles and PSA Group announced a few revisions to their planned merger on Monday. Unfortunately, ditching the Stellantis moniker when they become the world’s fourth-largest automaker wasn’t among the changes listed. Because it still sounds like a medication for people with arthritis.

Ask your doctor is Stellantis is right for you. Don’t take Stellantis if you’re pregnant or nursing.

As the duo wants to maintain a 50/50 split, they need to address “the liquidity impact on the automotive industry of the COVID-19 pandemic while preserving the economic value” of their original agreement. That has left PSA maintaining control of French parts supplier Faurecia. A special dividend to be distributed among its shareholders before closing is set at 2.9 billion euros (which was previously listed as €5.5 billion) while PSA’s 46 [percent] stake in Faurecia will be distributed to all Stellantis shareholders following the newly formed board’s approval. (Read More…)

By on September 11, 2020

Thanks to a particularly slow news week, everyone has had extra time to gawk at the 2021 Maserati MC20 — a vehicle that serves to set right all that is wrong with the Italian nameplate and will be the first new vehicle the company has built in almost five years.

Despite being most famous for its racing vehicles from the 20th century, the brand has been passed around more than a basketball and has been forced to evolve its identity. Under Fiat Chrysler Automobiles, Maserati has remained fixated on luxury and had straddled the line between premium mainstream cars and hyper exclusivity. With a base price of around $200,000, it’s pretty clear what side of the line the MC20 is on. But it’s hard to criticize something that’s biggest problem is being a supercar  especially when it’s part of a larger effort to rebuild the brand’s racing pedigree and garner extra attention from the sort of people that are serious about cars and have money to waste on sleek, flame-belching baubles.

(Read More…)

By on September 9, 2020

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Unifor has selected the Ford Motor Company as its target for collective bargaining. Once negotiations conclude, the union will be using the terms established with the automaker to lay the groundwork for pattern deals with General Motors and Fiat Chrysler Automobiles.

While the talks have not yet begun, we already know Unifor wants to cement production commitments in Oakville, Ontario, where Ford is rumored to be ending Edge assembly. It would also like to secure deals for FCA plants in Brampton and Windsor. Naturally, the union will also be demanding wage increases  though this is sometimes the most contentious issue. Contract talks from 2016 became stuck in the mud over higher pay until Ford insisted employees remain subject to a 10-year wage grow-in that union members had been split on. It’s unclear if that will remain the case in 2020 but we genuinely haven’t had high hopes for the Union pulling out anything that resembles a major victory.

(Read More…)

By on September 4, 2020

fca

If Fiat Chrysler handed a dime to auto scribes every time it introduced a new trim or special edition Ram, there’d be quite a few additional millionaires roaming the streets.

Today they’d be 10 cents richer.

Yes, there’s more choice to be had in the Ram lineup for 2021, both in the light- and heavy-duty camps. Because Night editions already exist in the Ram lineup, the truck maker was forced to think long and hard for this one.

Introducing the Limited Night: (Read More…)

By on September 3, 2020

fca

It should come as no shock that the loftiest Jeep Grand Wagoneer will crest the six-figure mark; the automaker said as much when it announced its intention to resurrect the bygone range-topper. It’s not like Cadillac and Lincoln aren’t nudging that barrier (or breaking through it) already.

But getting into a full-size Jeep next year doesn’t have to carry such a high cost. On the same day it revealed its damn-near-production-ready Grand Wagoneer Concept, the automaker talked price. (Read More…)

By on August 31, 2020

Beneath the Dodge Charger, you’ll find evidence of America’s oldest sedan, but it’s what’s up front that counts. Traditionally stuffed with as much muscle as Fiat Chrysler (and its predecessors) can muster, the aging Charger gets a testosterone injection for 2021 with the SRT Hellcat Redeye.

Familiar to Challenger aficionados, Redeye guise takes the already overly potent Hellcat and dials up the output — and also the price. If you can be swayed away from the “power dollars” offered on remaining 2020 models, the most powerful of these LX-platform sedans has what it takes to win shallow bragging rights for the buyer.

FCA thanks them for their contribution. (Read More…)

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