Fiat Chrysler

Source: Fiat Chrysler to put assembly plant in Detroit area

Fiat Chrysler will open another assembly plant in the Detroit area, according to a person familiar with the automaker’s plan. The source said the plant will produce SUVs but did not specify when it will open or how many jobs it will create. The person spoke on condition of anonymity because the plan has not … Continue reading Source: Fiat Chrysler to put assembly plant in Detroit area

MILAN | Fiat Chrysler announces production plans for Italian plants

MILAN— Fiat Chrysler Automobiles CEO Mike Manley says the Italian-American carmaker will build a fully electric version of the 500 city car and a compact Alfa Romeo SUV at plants in Italy. Manley and other executives met with unions leaders in Turin on Thursday, some four months after Manley took over as CEO following the … Continue reading MILAN | Fiat Chrysler announces production plans for Italian plants

MILAN  | Fiat Chrysler profits hit by charges for diesel probe

MILAN  — Fiat Chrysler Automobiles is reporting a nearly 40 percent drop in third-quarter profits due to one-off charges to cover possible payments in a U.S. diesel probe. The Italian-American car company on Tuesday reported a net profit of 564 million euros ($641 million), compared with 910 million euros in the same period last year. … Continue reading MILAN  | Fiat Chrysler profits hit by charges for diesel probe

MILAN | FCA sells auto parts unit to Japanese firm; $7 billion deal

MILAN— Fiat Chrysler Automobiles has announced the sale of its auto components division to Japanese automotive component supplier Calsoni Kansei Corporation in a deal valued at 6.2 billion euros ($7 billion). FCA said Monday that the Magneti Marelli sale would create the world’s seventh-largest components maker with greater geographical reach, scale and financial strength, encompassing … Continue reading MILAN | FCA sells auto parts unit to Japanese firm; $7 billion deal

MILAN | Fiat Chrysler’s new CEO announces new management structure

MILAN — The new CEO of Fiat Chrysler Automobiles has announced management changes two months after taking over following the unexpected death of long-time Chief Executive Sergio Marchionne. Mike Manley said Monday that the head of the Alfa Romeo brand, Tim Kuniskis, replaces him at the head of FCA’s biggest-earner, Jeep, while Reid Bigland becomes … Continue reading MILAN | Fiat Chrysler’s new CEO announces new management structure

BEDMINSTER, N.J. | Trump says GDP growth ‘could be in the 5s’ next quarter

BEDMINSTER, N.J. — President Donald Trump says he thinks gross domestic product growth in the next quarter “could be in the 5s” — that is, higher than 5 percent — as he hosts business leaders at his Bedminster, New Jersey, golf resort. Trump made the bold prediction Tuesday evening at a dinner with leaders from … Continue reading BEDMINSTER, N.J. | Trump says GDP growth ‘could be in the 5s’ next quarter

MILAN | Swiss hospital: Fiat CEO Marchionne treated for over a year

MILAN — The Zurich University Hospital where Fiat Chrysler Automobiles founding CEO Sergio Marchionne died says he had been treated there for a “serious illness” for more than a year. The hospital said Thursday that Marchionne had received cutting-edge treatment, adding “we deeply regret his death and express our deepest condolences to the family.” The … Continue reading MILAN | Swiss hospital: Fiat CEO Marchionne treated for over a year

MILAN | Fiat Chrysler profits sink in last quarter under Marchionne

MILAN — Fiat Chrysler Automobiles has lowered its full-year targets after second-quarter profits sank by 35 percent, but confirmed the carmaker had eliminated its net industrial debt. Fiat Chrysler announced its earnings Wednesday shortly after confirming the death of its long-time CEO Sergio Marchionne, who was hastily replaced due to a sudden deterioration in health. … Continue reading MILAN | Fiat Chrysler profits sink in last quarter under Marchionne