Search the Community
Showing results for tags 'fiat chrysler automobiles'.
-
We'll excuse you if you forgot that Fiat Chrysler Automobiles and PSA Group have been working towards finalizing their merger considering the state of the world at the moment. But the two are making serious headway as they have announced the new name of the multi-national corporation that will form once the two merge. Meet Stellantis. Don't worry, you're not the only who is thinking "What" or thinking of some clever joke to make fun of this name. We'll let the two explain what this name means? Yeah, if this doesn't like something from a branding agency, we don't what does. We should note here that Stellantis will only be used at a corporate level, not as a individual brand for vehicles. Source: FCA Press Release is on Page 2 STELLANTIS: The Name of the New Group Resulting From the Merger of FCA and Groupe PSA July 15, 2020 , Vélizy-Villacoublay, France and London - In a major step as they move toward the completion of their 50:50 merger as defined in the Combination Agreement announced on December 18, 2019, Peugeot S.A. ("Groupe PSA") and Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA) today announce that the corporate name of the new group will be STELLANTIS. STELLANTIS is rooted in the Latin verb “stello” meaning “to brighten with stars.” It draws inspiration from this new and ambitious alignment of storied automotive brands and strong company cultures that in coming together are creating one of the new leaders in the next era of mobility while at the same time preserving all the exceptional value and the values of its constituent parts. STELLANTIS will combine the scale of a truly global business with an exceptional breadth and depth of talent, knowhow and resource capable of providing the sustainable mobility solutions for the coming decades. The name’s Latin origins pay tribute to the rich history of its founding companies while the evocation of astronomy captures the true spirit of optimism, energy and renewal driving this industry-changing merger. The process of identifying the new name began soon after the Combination Agreement was announced and the senior management of both companies have been closely involved throughout, supported by Publicis Group. The STELLANTIS name will be used exclusively at the Group level, as a Corporate brand. The next step in the process will be the unveiling of a logo that with the name will become the corporate brand identity. The names and the logos of the STELLANTIS Group’s constituent brands will remain unchanged. As previously stated, completion of the merger project is expected to occur in the first quarter of 2021, subject to customary closing conditions, including approval by both companies’ shareholders at their respective Extraordinary General Meetings and the satisfaction of antitrust and other regulatory requirements. -
We'll excuse you if you forgot that Fiat Chrysler Automobiles and PSA Group have been working towards finalizing their merger considering the state of the world at the moment. But the two are making serious headway as they have announced the new name of the multi-national corporation that will form once the two merge. Meet Stellantis. Don't worry, you're not the only who is thinking "What" or thinking of some clever joke to make fun of this name. We'll let the two explain what this name means? Yeah, if this doesn't like something from a branding agency, we don't what does. We should note here that Stellantis will only be used at a corporate level, not as a individual brand for vehicles. Source: FCA Press Release is on Page 2 STELLANTIS: The Name of the New Group Resulting From the Merger of FCA and Groupe PSA July 15, 2020 , Vélizy-Villacoublay, France and London - In a major step as they move toward the completion of their 50:50 merger as defined in the Combination Agreement announced on December 18, 2019, Peugeot S.A. ("Groupe PSA") and Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA) today announce that the corporate name of the new group will be STELLANTIS. STELLANTIS is rooted in the Latin verb “stello” meaning “to brighten with stars.” It draws inspiration from this new and ambitious alignment of storied automotive brands and strong company cultures that in coming together are creating one of the new leaders in the next era of mobility while at the same time preserving all the exceptional value and the values of its constituent parts. STELLANTIS will combine the scale of a truly global business with an exceptional breadth and depth of talent, knowhow and resource capable of providing the sustainable mobility solutions for the coming decades. The name’s Latin origins pay tribute to the rich history of its founding companies while the evocation of astronomy captures the true spirit of optimism, energy and renewal driving this industry-changing merger. The process of identifying the new name began soon after the Combination Agreement was announced and the senior management of both companies have been closely involved throughout, supported by Publicis Group. The STELLANTIS name will be used exclusively at the Group level, as a Corporate brand. The next step in the process will be the unveiling of a logo that with the name will become the corporate brand identity. The names and the logos of the STELLANTIS Group’s constituent brands will remain unchanged. As previously stated, completion of the merger project is expected to occur in the first quarter of 2021, subject to customary closing conditions, including approval by both companies’ shareholders at their respective Extraordinary General Meetings and the satisfaction of antitrust and other regulatory requirements. View full article
-
FCA's New Powertrain Chief Has Big Ambitions for Electrification
William Maley posted an article in Chrysler
Fiat Chrysler Automobiles has been lagging behind other automakers in terms of electrification, tending to focus more on how many more vehicles they drop the Hellcat V8 into. But that appears to be changing. The Detroit Bureau had the chance to speak with FCA's new global powertrain chief, Micky Bly. He said that within the next twelve to eighteen months, FCA would try to reposition itself as one of the industry’s leaders in electrification. “We’re not leaders now,” said Bly, “but we will be soon.” Bly wouldn't go into detail as to how FCA plans to do this. But we already know that a number of FCA brands have plans for hybrid and electric vehicles - including a new Fiat 500e. Sources also revealed that there is the possibility of the Hellcat V8 being teamed with a mild-hybrid setup that could add 130 pound-feet, and only add around 100 pounds to the overall curb weight. There is also the possibility of a production version of the Chrysler Portal concept, going with a full electric powertrain. Source: The Detroit Bureau -
Fiat Chrysler Automobiles has been lagging behind other automakers in terms of electrification, tending to focus more on how many more vehicles they drop the Hellcat V8 into. But that appears to be changing. The Detroit Bureau had the chance to speak with FCA's new global powertrain chief, Micky Bly. He said that within the next twelve to eighteen months, FCA would try to reposition itself as one of the industry’s leaders in electrification. “We’re not leaders now,” said Bly, “but we will be soon.” Bly wouldn't go into detail as to how FCA plans to do this. But we already know that a number of FCA brands have plans for hybrid and electric vehicles - including a new Fiat 500e. Sources also revealed that there is the possibility of the Hellcat V8 being teamed with a mild-hybrid setup that could add 130 pound-feet, and only add around 100 pounds to the overall curb weight. There is also the possibility of a production version of the Chrysler Portal concept, going with a full electric powertrain. Source: The Detroit Bureau View full article
-
FCA To Launch Pilot Programs for Car-Sharing and Subscription via Jeep
William Maley posted an article in Jeep
When Fiat Chrysler Automobiles unveiled their latest five-year plan last year, it mentioned about launching a subscription program for Jeep owners that would launch sometime in 2019. This program appears to be moving forward along with a new peer-to-peer car-sharing program. Bloomberg reports that FCA will be launching two pilot programs, while Motor Authority has learned about a third pilot. All of the programs will take place in Boston and last for about three months. Here are the three programs in detail, The first program will see FCA team up with peer-to-peer car sharing service Turo and allow owners to rent out their vehicles to help "offset their car payments," when they are not using it. Jeep is inviting owners in the Boston area over email to sign up and will be limited to the first 100. Program two will have FCA and car rental firm Avis working together on a subscription service that will allow Jeep owners to swap into other FCA products like a Dodge Charger or Ram 1500. Again, it will be limited the first 100 people who sign up. Program three that was brought to light by Motor Authority is known as Car "Borrowing". Teaming with Avis, FCA will be offering Jeep owners the ability to "purchase six "Jeep Coins" that entitles them to a one-day rental" of most products from the FCA lineup. The coins will be good for a year, and owners can either pick up the vehicles or have them dropped off. “All these people who are casually going, ‘Is it for me or not for me?,’ I can then get them as potential prospects to sell them a brand-new Wrangler. We’ll find out what’s good and what’s bad, what customers like and what they don’t like, and ultimately from that we’ll decide if we want to do this as something we promote to our dealerships at the time of sale,” said Tim Kuniskis, head of the Jeep in North America to Bloomberg. “We know all the pluses and minuses of subscription services, we’ve seen some challenges. Let’s step our toe in, let’s see if this is, No. 1, right for the brand. If it makes sense, let’s try it.” The first two programs have already launched, while the third program is expected to launch sometime later this year. Source: Bloomberg , Motor Authority -
When Fiat Chrysler Automobiles unveiled their latest five-year plan last year, it mentioned about launching a subscription program for Jeep owners that would launch sometime in 2019. This program appears to be moving forward along with a new peer-to-peer car-sharing program. Bloomberg reports that FCA will be launching two pilot programs, while Motor Authority has learned about a third pilot. All of the programs will take place in Boston and last for about three months. Here are the three programs in detail, The first program will see FCA team up with peer-to-peer car sharing service Turo and allow owners to rent out their vehicles to help "offset their car payments," when they are not using it. Jeep is inviting owners in the Boston area over email to sign up and will be limited to the first 100. Program two will have FCA and car rental firm Avis working together on a subscription service that will allow Jeep owners to swap into other FCA products like a Dodge Charger or Ram 1500. Again, it will be limited the first 100 people who sign up. Program three that was brought to light by Motor Authority is known as Car "Borrowing". Teaming with Avis, FCA will be offering Jeep owners the ability to "purchase six "Jeep Coins" that entitles them to a one-day rental" of most products from the FCA lineup. The coins will be good for a year, and owners can either pick up the vehicles or have them dropped off. “All these people who are casually going, ‘Is it for me or not for me?,’ I can then get them as potential prospects to sell them a brand-new Wrangler. We’ll find out what’s good and what’s bad, what customers like and what they don’t like, and ultimately from that we’ll decide if we want to do this as something we promote to our dealerships at the time of sale,” said Tim Kuniskis, head of the Jeep in North America to Bloomberg. “We know all the pluses and minuses of subscription services, we’ve seen some challenges. Let’s step our toe in, let’s see if this is, No. 1, right for the brand. If it makes sense, let’s try it.” The first two programs have already launched, while the third program is expected to launch sometime later this year. Source: Bloomberg , Motor Authority View full article
-
Back in October, the rumorpile brought to light plans at Fiat Chrysler Automobiles for a new straight-six engine to replace the Pentastar V6. This engine would be based on the new four-cylinder Global Medium Engine (GME) currently used in the Alfa Romeo Giulia and Jeep Wrangler. Max displacement is expected to be around 2.9L due to European taxes. We have some new details on this engine. Allpar is reporting this engine is likely not going to be based on GME due to size concerns. Instead, it will be a new design that will be featuring small bores that are closely spaced, and aluminum hardening instead of steel cylinder linings. The goal is to have the engine be three-inches longer than the 2.4L four-cylinder at most. The engine is also being designed with turbocharging, with plans to have it either match or exceed the output of the 5.7L HEMI V8. Its speculated that Jeep and Ram models would use a twin-scroll setup, while Alfa Romeo and Maserati models will use a twin-turbo setup. A set of Ferrari-designed heads are expected to appear on Alfa Romeo and Maserati models. Allpar speculates this engine could appear in the upcoming Wagoneer or the next-generation Grand Cherokee, putting a possible timeframe of 2020 or 2021. Source: Allpar View full article
- 26 replies
-
- 1
-
-
- fca
- fiat chrysler automobiles
- (and 2 more)
-
Back in October, the rumorpile brought to light plans at Fiat Chrysler Automobiles for a new straight-six engine to replace the Pentastar V6. This engine would be based on the new four-cylinder Global Medium Engine (GME) currently used in the Alfa Romeo Giulia and Jeep Wrangler. Max displacement is expected to be around 2.9L due to European taxes. We have some new details on this engine. Allpar is reporting this engine is likely not going to be based on GME due to size concerns. Instead, it will be a new design that will be featuring small bores that are closely spaced, and aluminum hardening instead of steel cylinder linings. The goal is to have the engine be three-inches longer than the 2.4L four-cylinder at most. The engine is also being designed with turbocharging, with plans to have it either match or exceed the output of the 5.7L HEMI V8. Its speculated that Jeep and Ram models would use a twin-scroll setup, while Alfa Romeo and Maserati models will use a twin-turbo setup. A set of Ferrari-designed heads are expected to appear on Alfa Romeo and Maserati models. Allpar speculates this engine could appear in the upcoming Wagoneer or the next-generation Grand Cherokee, putting a possible timeframe of 2020 or 2021. Source: Allpar- 26 comments
-
- 1
-
-
- fca
- fiat chrysler automobiles
- (and 2 more)
-
Since 2012, Fiat Chrysler Automobiles' Mack Avenue Engine II plant in Detroit has been idled. But new reports from CNBC and The Detroit News say the factory will be retooled to build a new three-row Jeep Grand Cherokee for the 2021 model year. According to sources, the reopening of the plant would allow FCA to begin retooling the Jefferson North Assembly Plant - which sits across from the Mack Avenue complex. This would allow Jefferson North to start producing the next-generation two and three-row Grand Cherokee. Reopening Mack II could bring up to 400 jobs back to Detroit. “FCA is essentially out of capacity. They’re kind of running up against being against full capacity. This is a very different situation than what GM is dealing with,” said Jeff Schuster, an analyst with LMC Automotive to The Detroit News. Last month, FCA was using 92 percent of its plant capacity in North America, due to the increase in demand for trucks and utility vehicles. This is noticeably higher than General Motors (72 percent) and Ford (81 percent) according to data from LMC Automotive. FCA and the office of Detroit Mayor Mike Duggan declined to comment. An announcement about this retooling is expected to take place next week. Source: CNBC, The Detroit News- 14 comments
-
- 2
-
-
- fca
- fiat chrysler automobiles
- (and 4 more)
-
Since 2012, Fiat Chrysler Automobiles' Mack Avenue Engine II plant in Detroit has been idled. But new reports from CNBC and The Detroit News say the factory will be retooled to build a new three-row Jeep Grand Cherokee for the 2021 model year. According to sources, the reopening of the plant would allow FCA to begin retooling the Jefferson North Assembly Plant - which sits across from the Mack Avenue complex. This would allow Jefferson North to start producing the next-generation two and three-row Grand Cherokee. Reopening Mack II could bring up to 400 jobs back to Detroit. “FCA is essentially out of capacity. They’re kind of running up against being against full capacity. This is a very different situation than what GM is dealing with,” said Jeff Schuster, an analyst with LMC Automotive to The Detroit News. Last month, FCA was using 92 percent of its plant capacity in North America, due to the increase in demand for trucks and utility vehicles. This is noticeably higher than General Motors (72 percent) and Ford (81 percent) according to data from LMC Automotive. FCA and the office of Detroit Mayor Mike Duggan declined to comment. An announcement about this retooling is expected to take place next week. Source: CNBC, The Detroit News View full article
- 14 replies
-
- 1
-
-
- fca
- fiat chrysler automobiles
- (and 4 more)
-
FCA's Melfi Plant Begins Retooling To Build Renegade Plug-In Hybrid
William Maley posted an article in Jeep
Fiat Chrysler Automobiles' Melfi plant is beginning to process of retooling to build a plug-in hybrid Jeep Renegade by 2020. The investment totaling 200 million Euros (about $229 million) will include modernizing the plant and training employees. FCA is planning to get pre-production models rolling off the line next year. Melfi is home to the Renegade and Fiat 500X production. FCA says the Renegade will become the third electrified vehicle in their lineup, following the Chrysler Pacifica PHEV and Ram 1500 eTorque mild hybrid. This is part of an effort to launch "12 electric propulsion systems (BEV, PHEV, full-hybrid and mild-hybrid)", adding that 30 different models would be equipped with one or more of these systems. No mechanical details were given on the plug-in hybrid system destined for the Renegade. Source: Fiat Chrysler Automobiles Melfi Plant prepares for production of new Jeep Renegade Plug-in Hybrid The FCA Melfi Plant in Italy is beginning preparations to produce the Jeep Renegade Plug-in Hybrid Electric Vehicle (PHEV) scheduled for market launch in early 2020. The Renegade PHEV will be produced alongside the Renegade and 500X full combustion engine products that are currently produced at the Melfi vehicle assembly plant. The pre-production units of the new Jeep Renegade PHEV are scheduled in 2019. The investment for the new engine launch equates to more than €200M and also includes a strong commitment by FCA for training all workers on the application of this new technology. The Plant facilities involved in the production will also be modernized accordingly. "With over 742,000 Renegades produced to date in Italy, the Melfi plant and the Renegade are the ideal location and the perfect product to launch the PHEV, further strengthening the offer of this highly successful Jeep", said Pietro Gorlier, Chief Operating Officer EMEA region. During the FCA Capital Markets Day on June 1, when the 2018-2022 business plan was presented to the financial community, it was stated that one of the most important change factors addressed in the strategic plan is electrification. Investments during the plan period result in a portfolio of technical solutions that will enable FCA to comply with the regulatory requirements in each sales region. At the same time, the technology will also be applied to enhance the specific strengths of each brand. The Renegade PHEV is the next step in FCA's roll-out of Electrification, following the launches of the PHEV Pacifica Minivan and the mild-hybrid e-Torque technology launched on the Ram 1500 truck earlier this year. By 2022, FCA will offer a total of 12 electric propulsion systems (BEV, PHEV, full-hybrid and mild-hybrid) in global architectures. Thirty different models will be equipped with one or more of these systems. London, 8 October 2018 -
Fiat Chrysler Automobiles' Melfi plant is beginning to process of retooling to build a plug-in hybrid Jeep Renegade by 2020. The investment totaling 200 million Euros (about $229 million) will include modernizing the plant and training employees. FCA is planning to get pre-production models rolling off the line next year. Melfi is home to the Renegade and Fiat 500X production. FCA says the Renegade will become the third electrified vehicle in their lineup, following the Chrysler Pacifica PHEV and Ram 1500 eTorque mild hybrid. This is part of an effort to launch "12 electric propulsion systems (BEV, PHEV, full-hybrid and mild-hybrid)", adding that 30 different models would be equipped with one or more of these systems. No mechanical details were given on the plug-in hybrid system destined for the Renegade. Source: Fiat Chrysler Automobiles Melfi Plant prepares for production of new Jeep Renegade Plug-in Hybrid The FCA Melfi Plant in Italy is beginning preparations to produce the Jeep Renegade Plug-in Hybrid Electric Vehicle (PHEV) scheduled for market launch in early 2020. The Renegade PHEV will be produced alongside the Renegade and 500X full combustion engine products that are currently produced at the Melfi vehicle assembly plant. The pre-production units of the new Jeep Renegade PHEV are scheduled in 2019. The investment for the new engine launch equates to more than €200M and also includes a strong commitment by FCA for training all workers on the application of this new technology. The Plant facilities involved in the production will also be modernized accordingly. "With over 742,000 Renegades produced to date in Italy, the Melfi plant and the Renegade are the ideal location and the perfect product to launch the PHEV, further strengthening the offer of this highly successful Jeep", said Pietro Gorlier, Chief Operating Officer EMEA region. During the FCA Capital Markets Day on June 1, when the 2018-2022 business plan was presented to the financial community, it was stated that one of the most important change factors addressed in the strategic plan is electrification. Investments during the plan period result in a portfolio of technical solutions that will enable FCA to comply with the regulatory requirements in each sales region. At the same time, the technology will also be applied to enhance the specific strengths of each brand. The Renegade PHEV is the next step in FCA's roll-out of Electrification, following the launches of the PHEV Pacifica Minivan and the mild-hybrid e-Torque technology launched on the Ram 1500 truck earlier this year. By 2022, FCA will offer a total of 12 electric propulsion systems (BEV, PHEV, full-hybrid and mild-hybrid) in global architectures. Thirty different models will be equipped with one or more of these systems. London, 8 October 2018 View full article
- 11 replies
-
- 1
-
-
- fca
- fiat chrysler automobiles
- (and 6 more)
-
Fiat Chrysler Automobiles is considering replacing the Pentastar V6 with a brand new straight-six engine. A source tells Allpar the new engine will be based on their new four-cylinder Global Medium Engine (GME) - what is found under the hood of the Jeep Wrangler and Alfa Romeo Giulia. This will allow FCA to build the engine alongside the four-cylinder variant. Not many technical details are known about the engine aside from it being pegged around 2.9L to avoid taxes in certain European countries. We might expect larger displacements for trucks and SUVs. Production could take place at FCA's Dundee and Trenton, Michigan plants. It is expected that Ferrari will use a variant of this engine for Maserati vehicles. No timeframe as to when this new engine could debut. Allpar also mentions in their report that FCA was considering adding some sort of boost to the Pentastar, but ran into issues with the size and power constraints. Source: Allpar- 19 comments
-
- 1
-
-
- fiat chrysler automobiles
- rumor
- (and 3 more)
-
Fiat Chrysler Automobiles is considering replacing the Pentastar V6 with a brand new straight-six engine. A source tells Allpar the new engine will be based on their new four-cylinder Global Medium Engine (GME) - what is found under the hood of the Jeep Wrangler and Alfa Romeo Giulia. This will allow FCA to build the engine alongside the four-cylinder variant. Not many technical details are known about the engine aside from it being pegged around 2.9L to avoid taxes in certain European countries. We might expect larger displacements for trucks and SUVs. Production could take place at FCA's Dundee and Trenton, Michigan plants. It is expected that Ferrari will use a variant of this engine for Maserati vehicles. No timeframe as to when this new engine could debut. Allpar also mentions in their report that FCA was considering adding some sort of boost to the Pentastar, but ran into issues with the size and power constraints. Source: Allpar View full article
- 19 replies
-
- 1
-
-
- fiat chrysler automobiles
- rumor
- (and 3 more)
-
Earlier this month, Fiat Chrysler Automobiles filed a complaint with the U.S. International Trade Commission over the Mahindra Roxor - a side-by-side off-road utility. FCA alleges that the certain design elements of the Roxor infringe on the " intellectual property rights of FCA's Jeep design," and is wanting to stop the sale of the model in the U.S. Mahindra is fighting back. Reuters reports that the company has filed a public interest statement with the U.S. ITC and started proceedings in a Michigan court for an injunction into FCA's complaint. We are asking the court to block Fiat from participating in the ITC [International Trade Commission] claim -- an injunction -- because of the fact that they agreed in 2009 to never bring such claims if we use a grille that they approved. The Roxor uses that grille," Mahindra said in a statement. (Emphasis mine). "We are also arguing that Fiat is using the ITC case to harm our ROXOR business by creating negative publicity, damaging our reputation and our stature in the marketplace.” FCA in its complaint said that Roxor imports will hurt them as the model are underselling the Jeep Wrangler. A lot of this comes down to the Roxor being manufactured in India, and then shipping the model as a knock-down kit to their Detroit-area assembly plant for final assembly. Mahindra disputes this, saying the Roxor doesn't compete with the Wrangler as it's a side-by-side off-road utility. " We also demonstrated that the ROXOR is a vehicle that was always intended only as an off-road vehicle, does not compete with Fiat vehicles, is manufactured and assembled in the first OEM plant to be built in Michigan, USA, in the last 25 years, was the result of more than three years of research and development, and categorically rejected the notion that the ROXOR was an imported low quality “knock-off” kit car," the company said. Source: Reuters via Automotive News (Subscription Required), Mahindra Mumbai, August 29, 2018 – “A complaint was filed by FCA US, LLC (“Fiat”) with the United States International Trade Commission (“ITC”) against Mahindra which we believe is without merit. In response, we have taken a number of actions both within the ITC and in Federal District Court that we would like to share with you. Mahindra filed a Public Interest Statement with the ITC on August 22, 2018. This Statement expresses our position on this matter and explains how it is in the public interest for the ITC to rule against Fiat and in favor of Mahindra. Our goals on the public interest statement were two-fold. One was to state our position on the merits and the other was to correct inaccuracies regarding Mahindra as a company and the ROXOR as a product. We set the record straight on the history of Mahindra, including its U.S. operations. We also demonstrated that the ROXOR is a vehicle that was always intended only as an off-road vehicle, does not compete with Fiat vehicles, is manufactured and assembled in the first OEM plant to be built in Michigan, USA, in the last 25 years, was the result of more than three years of research and development, and categorically rejected the notion that the ROXOR was an imported low quality “knock-off” kit car. On August 23, 2018, Mahindra filed a complaint in Federal Court in Michigan on the issue of the applicability and enforcement of our 2009 agreement with Fiat. We are asking the court to block Fiat from participating in the ITC claim – an injunction – because of the fact that they agreed in 2009 to never bring such claims if we use a grille that they approved. The ROXOR uses that grille. We are also arguing that Fiat is using the ITC case to harm our ROXOR business by creating negative publicity, damaging our reputation and our stature in the marketplace.” -
Earlier this month, Fiat Chrysler Automobiles filed a complaint with the U.S. International Trade Commission over the Mahindra Roxor - a side-by-side off-road utility. FCA alleges that the certain design elements of the Roxor infringe on the " intellectual property rights of FCA's Jeep design," and is wanting to stop the sale of the model in the U.S. Mahindra is fighting back. Reuters reports that the company has filed a public interest statement with the U.S. ITC and started proceedings in a Michigan court for an injunction into FCA's complaint. We are asking the court to block Fiat from participating in the ITC [International Trade Commission] claim -- an injunction -- because of the fact that they agreed in 2009 to never bring such claims if we use a grille that they approved. The Roxor uses that grille," Mahindra said in a statement. (Emphasis mine). "We are also arguing that Fiat is using the ITC case to harm our ROXOR business by creating negative publicity, damaging our reputation and our stature in the marketplace.” FCA in its complaint said that Roxor imports will hurt them as the model are underselling the Jeep Wrangler. A lot of this comes down to the Roxor being manufactured in India, and then shipping the model as a knock-down kit to their Detroit-area assembly plant for final assembly. Mahindra disputes this, saying the Roxor doesn't compete with the Wrangler as it's a side-by-side off-road utility. " We also demonstrated that the ROXOR is a vehicle that was always intended only as an off-road vehicle, does not compete with Fiat vehicles, is manufactured and assembled in the first OEM plant to be built in Michigan, USA, in the last 25 years, was the result of more than three years of research and development, and categorically rejected the notion that the ROXOR was an imported low quality “knock-off” kit car," the company said. Source: Reuters via Automotive News (Subscription Required), Mahindra Mumbai, August 29, 2018 – “A complaint was filed by FCA US, LLC (“Fiat”) with the United States International Trade Commission (“ITC”) against Mahindra which we believe is without merit. In response, we have taken a number of actions both within the ITC and in Federal District Court that we would like to share with you. Mahindra filed a Public Interest Statement with the ITC on August 22, 2018. This Statement expresses our position on this matter and explains how it is in the public interest for the ITC to rule against Fiat and in favor of Mahindra. Our goals on the public interest statement were two-fold. One was to state our position on the merits and the other was to correct inaccuracies regarding Mahindra as a company and the ROXOR as a product. We set the record straight on the history of Mahindra, including its U.S. operations. We also demonstrated that the ROXOR is a vehicle that was always intended only as an off-road vehicle, does not compete with Fiat vehicles, is manufactured and assembled in the first OEM plant to be built in Michigan, USA, in the last 25 years, was the result of more than three years of research and development, and categorically rejected the notion that the ROXOR was an imported low quality “knock-off” kit car. On August 23, 2018, Mahindra filed a complaint in Federal Court in Michigan on the issue of the applicability and enforcement of our 2009 agreement with Fiat. We are asking the court to block Fiat from participating in the ITC claim – an injunction – because of the fact that they agreed in 2009 to never bring such claims if we use a grille that they approved. The ROXOR uses that grille. We are also arguing that Fiat is using the ITC case to harm our ROXOR business by creating negative publicity, damaging our reputation and our stature in the marketplace.” View full article
-
Fiat Chrysler Automobiles' new CEO Mike Manley has a lot on his plate. He has address multiple challenges in the U.S. that were left by the passing of Sergio Marchionne last month - moving forward with the five year plan, figuring out the future of Chrysler and Dodge; and getting new vehicles out the door. But that doesn't compare to the challenges in Europe. The Wall Street Journal reports that Manley has a number of issues that need be addressed. The biggest one is improving the overall profitability in the region. Last year, FCA had an operating profit of $5.96 billion in the U.S. In Europe, only $840 million. A key reason for this is that three-quarters of FCA's European sales are made up of Fiat models that have razor-thin profit margins. Each Fiat sold makes an operating profit of €250 ($288), compared to the average of €2,850 ($3,274) for every Jeep and Ram model sold. Alfa Romeo was seen as a possible way to help boost profits, but sales have fallen very short of targets in a market where the likes of the Audi, BMW, Lexus, and Mercedes-Benz dominate. “FCA would need a merger to improve the profitability in Europe,” said Martino De Ambroggi, an analyst with Equita told the journal. Marchionne tried his best to court FCA to other automakers such as GM, but to no avail. Earlier this year, FCA said the search for a possible partner was taken off the table and that it could survive on its own. There is also the question as to whether FCA has too many workers in Europe. The region makes up about 36 percent of FCA's workforce, but only a tenth of its profit. A key example is FCA's Mirafiori plant which employs 13,000 people, but is on track to build 50,000 vehicles this year. In 1997, the plant produced 463,000 vehicles. Source: Wall Street Journal (Subscription Required) -
Fiat Chrysler Automobiles' new CEO Mike Manley has a lot on his plate. He has address multiple challenges in the U.S. that were left by the passing of Sergio Marchionne last month - moving forward with the five year plan, figuring out the future of Chrysler and Dodge; and getting new vehicles out the door. But that doesn't compare to the challenges in Europe. The Wall Street Journal reports that Manley has a number of issues that need be addressed. The biggest one is improving the overall profitability in the region. Last year, FCA had an operating profit of $5.96 billion in the U.S. In Europe, only $840 million. A key reason for this is that three-quarters of FCA's European sales are made up of Fiat models that have razor-thin profit margins. Each Fiat sold makes an operating profit of €250 ($288), compared to the average of €2,850 ($3,274) for every Jeep and Ram model sold. Alfa Romeo was seen as a possible way to help boost profits, but sales have fallen very short of targets in a market where the likes of the Audi, BMW, Lexus, and Mercedes-Benz dominate. “FCA would need a merger to improve the profitability in Europe,” said Martino De Ambroggi, an analyst with Equita told the journal. Marchionne tried his best to court FCA to other automakers such as GM, but to no avail. Earlier this year, FCA said the search for a possible partner was taken off the table and that it could survive on its own. There is also the question as to whether FCA has too many workers in Europe. The region makes up about 36 percent of FCA's workforce, but only a tenth of its profit. A key example is FCA's Mirafiori plant which employs 13,000 people, but is on track to build 50,000 vehicles this year. In 1997, the plant produced 463,000 vehicles. Source: Wall Street Journal (Subscription Required) View full article
-
Fiat Chrysler Automobiles is none too pleased with the Indian automaker Mahindra & Mahindra Ltd as they're planning to sell an off-road vehicle that looks very much like the original Willys Jeep. Bloomberg obtained a complaint filed by FCA to the U.S. International Trade Commission on August 1st. The document claims that Mahindra's Roxor infringes key characteristics of Jeep's signature design - namely the “boxy body shape with flat-appearing vertical sides and rear body ending at about the same height as the hood.” “They are a nearly identical copy of the iconic Jeep design. In fact, the accused product was ‘modeled after the original Willys Jeep." The Roxor is a small, two-seat off-road vehicle. There is a lot of resemblance to original Jeep design and there is a reason for that. Beginning in 1947, Mahindra got a license to build the Willys CJ3 for the Asian market. They would do so until 2010. At this point, Mahindra introduced an updated model known as the Thar that meets India's road going passenger vehicle standards and looks like a 1990's Wrangler. Now the Roxor isn't being sold as road-legal vehicle. Instead, Mahindra is selling this as a side-by-side off-road utility. That means its not road legal. Which brings us to the next key part of FCA's complaint. The company is arguing that Roxor imports "threaten it with substantial injury as they are underselling Jeeps." This is due to Mahindra manufacturing the parts and creating a knock-down kit, which is then shipped to a plant in the Detroit area for final assembly. We're not sure about this partly due to the arena the Roxor competes in, but also the price. The model begins at just under $15,500. Comparable models from Polaris and Honda begin at under $10,000. While Mahindra has had some success in the U.S. with tractors, they haven't had the same when it comes to automobiles. Previously, the company was planning to offer a diesel pickup through a distributor. But plans were scrapped and Mahindra would find itself in a lengthy court battle. The Roxor is the next attempt at possible entry for Mahindra to enter the automotive market. They have spent almost a quarter-billion dollars for a new assembly plant where they currently employ around 300 people. Last November, the company announced a $600 investment and plans to employ as many as 670 workers by 2020. Source: Bloomberg View full article
-
Fiat Chrysler Automobiles is none too pleased with the Indian automaker Mahindra & Mahindra Ltd as they're planning to sell an off-road vehicle that looks very much like the original Willys Jeep. Bloomberg obtained a complaint filed by FCA to the U.S. International Trade Commission on August 1st. The document claims that Mahindra's Roxor infringes key characteristics of Jeep's signature design - namely the “boxy body shape with flat-appearing vertical sides and rear body ending at about the same height as the hood.” “They are a nearly identical copy of the iconic Jeep design. In fact, the accused product was ‘modeled after the original Willys Jeep." The Roxor is a small, two-seat off-road vehicle. There is a lot of resemblance to original Jeep design and there is a reason for that. Beginning in 1947, Mahindra got a license to build the Willys CJ3 for the Asian market. They would do so until 2010. At this point, Mahindra introduced an updated model known as the Thar that meets India's road going passenger vehicle standards and looks like a 1990's Wrangler. Now the Roxor isn't being sold as road-legal vehicle. Instead, Mahindra is selling this as a side-by-side off-road utility. That means its not road legal. Which brings us to the next key part of FCA's complaint. The company is arguing that Roxor imports "threaten it with substantial injury as they are underselling Jeeps." This is due to Mahindra manufacturing the parts and creating a knock-down kit, which is then shipped to a plant in the Detroit area for final assembly. We're not sure about this partly due to the arena the Roxor competes in, but also the price. The model begins at just under $15,500. Comparable models from Polaris and Honda begin at under $10,000. While Mahindra has had some success in the U.S. with tractors, they haven't had the same when it comes to automobiles. Previously, the company was planning to offer a diesel pickup through a distributor. But plans were scrapped and Mahindra would find itself in a lengthy court battle. The Roxor is the next attempt at possible entry for Mahindra to enter the automotive market. They have spent almost a quarter-billion dollars for a new assembly plant where they currently employ around 300 people. Last November, the company announced a $600 investment and plans to employ as many as 670 workers by 2020. Source: Bloomberg -
Sergio Marchionne, the former head of Fiat Chrysler Automobiles who is credited for saving Chrysler and Fiat has passed away today at age 66 due to complications from shoulder surgery. “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone,” said FCA Chairman John Elkann in a statement this morning. Marchionne came into the spotlight back in 2004 when he was named CEO of Fiat. He was Fiat's fifth CEO in less than two years and had a big task ahead of him. The Italian automaker was struggling as it had lost more than 6 billion Euros (about $7 billion) the year before. Marchionne was somehow able to pull Fiat from the brink by closing various plants, laying off thousand of workers, getting a $2 billion payment from General Motors to settle past contractual obligation, and expanding the company's car lineup. It worked as Fiat would become profitable a year later. In 2009, Marchionne led Fiat to acquire a 20 percent stake into beleaguered Chrysler following the 2008 financial crisis. Only a few years later, Fiat would buy up the rest of Chrysler and become Fiat Chrysler Automobiles. He would oversee the reinvention of Alfa Romeo, expand Jeep into other markets, and spin off Ferrari into its own separate company. Other parts of FCA haven't quite worked out, most notably Chrysler and Dodge which has seen both of their lineups shrink. Marchionne was not like your normal CEO. He was known for wearing black pullover sweaters and jeans which made him stand out at various events. Marchionne was also known for being direct and speaking his mind (for better or worse). Next April, Marchionne was planning to step down as CEO and announce his replacement. But health complications over the weekend caused FCA to decide his successor. That person would be Mike Manley, head of Jeep and Ram Trucks. Source: Automotive News (Subscription Required), Bloomberg, Fiat Chrysler Automobiles View full article
-
Sergio Marchionne, the former head of Fiat Chrysler Automobiles who is credited for saving Chrysler and Fiat has passed away today at age 66 due to complications from shoulder surgery. “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone,” said FCA Chairman John Elkann in a statement this morning. Marchionne came into the spotlight back in 2004 when he was named CEO of Fiat. He was Fiat's fifth CEO in less than two years and had a big task ahead of him. The Italian automaker was struggling as it had lost more than 6 billion Euros (about $7 billion) the year before. Marchionne was somehow able to pull Fiat from the brink by closing various plants, laying off thousand of workers, getting a $2 billion payment from General Motors to settle past contractual obligation, and expanding the company's car lineup. It worked as Fiat would become profitable a year later. In 2009, Marchionne led Fiat to acquire a 20 percent stake into beleaguered Chrysler following the 2008 financial crisis. Only a few years later, Fiat would buy up the rest of Chrysler and become Fiat Chrysler Automobiles. He would oversee the reinvention of Alfa Romeo, expand Jeep into other markets, and spin off Ferrari into its own separate company. Other parts of FCA haven't quite worked out, most notably Chrysler and Dodge which has seen both of their lineups shrink. Marchionne was not like your normal CEO. He was known for wearing black pullover sweaters and jeans which made him stand out at various events. Marchionne was also known for being direct and speaking his mind (for better or worse). Next April, Marchionne was planning to step down as CEO and announce his replacement. But health complications over the weekend caused FCA to decide his successor. That person would be Mike Manley, head of Jeep and Ram Trucks. Source: Automotive News (Subscription Required), Bloomberg, Fiat Chrysler Automobiles -
*UPDATE* Automotive News Europe is reporting that Jeep and Ram Trucks head Mike Manley will become Marchionne's successor as FCA CEO. We'll have more in an upcoming news story. The era of Sergio Marchionne leading Fiat Chrysler Automobiles and Ferrari is seemingly coming to abrupt end. Last night, both Bloomberg and Reuters reported that Marchionne would not return as CEO of the two companies due to complications from surgery. Earlier this month, FCA said Marchionne would be going on medical leave for shoulder surgery. Sources tell Reuters that since the operation, the CEO has been experiencing “massive” and serious complications. The boards of FCA and Ferrari are meeting today to decide possible successors. According to one source, the new CEO of Ferrari is expected to be Louis Carey Camilleri - currently a board member and former chairman of Philip Morris International. At FCA, there are three people up for consideration - CFO Richard Palmer, Europe chief Alfredo Altavilla, and head of the Jeep and Ram Mike Manley. Spokespeople for both FCA and Ferrari declined to comment. In addition to his roles at Ferrari and FCA, Marchionne is the Chairman of CNH Industrial, an agricultural and construction equipment manufacturer. According to sources, the board is expected to meet today to discuss a succession plan. Source: Automotive News (Subscription Required), Bloomberg, Reuters View full article
-
Rumorpile: FCA, Ferrari Boards To Discuss Marchionne Successors
William Maley posted an article in Fiat
*UPDATE* Automotive News Europe is reporting that Jeep and Ram Trucks head Mike Manley will become Marchionne's successor as FCA CEO. We'll have more in an upcoming news story. The era of Sergio Marchionne leading Fiat Chrysler Automobiles and Ferrari is seemingly coming to abrupt end. Last night, both Bloomberg and Reuters reported that Marchionne would not return as CEO of the two companies due to complications from surgery. Earlier this month, FCA said Marchionne would be going on medical leave for shoulder surgery. Sources tell Reuters that since the operation, the CEO has been experiencing “massive” and serious complications. The boards of FCA and Ferrari are meeting today to decide possible successors. According to one source, the new CEO of Ferrari is expected to be Louis Carey Camilleri - currently a board member and former chairman of Philip Morris International. At FCA, there are three people up for consideration - CFO Richard Palmer, Europe chief Alfredo Altavilla, and head of the Jeep and Ram Mike Manley. Spokespeople for both FCA and Ferrari declined to comment. In addition to his roles at Ferrari and FCA, Marchionne is the Chairman of CNH Industrial, an agricultural and construction equipment manufacturer. According to sources, the board is expected to meet today to discuss a succession plan. Source: Automotive News (Subscription Required), Bloomberg, Reuters -
FCA's 5-Year Briefing To Not Feature Chrysler, Dodge, or Fiat
William Maley posted an article in Fiat
Tomorrow will be Fiat Chrysler Automobile's final five year plan being presented under current CEO Sergio Marchionne. We reported on what is expected to be talked about yesterday in the rumor pile. Today, we have gotten a clear picture of what will be presented in the plan. Automotive News found the schedule for the five-year presentation on a company website before being taken down. The schedule features sections for Jeep, Ram, Maserati, Alfa Romeo, Autonomous Driving and Connectivity, and CO2 reduction. Not listed on the schedule were Chrysler, Dodge, and Fiat. This unsurprisingly sent a number of people into a tizzy as they see this as a possible hint that these brands are going bye-bye. An FCA spokeswoman said Chrysler and Dodge will be talked about in other presentations "as appropriate." We're not sure this inspires confidence. Source: Automotive News (Subscription Required)
