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Found 128 results

  1. William Maley

    March 2018: FCA US LLC

    FCA US Reports 2018 March Sales FCA US reports best March retail sales in 17 years Jeep brand reports best month of total sales ever Jeep Wrangler reports best month of total sales ever Ram Light Duty retail sales increased 8 percent April 3, 2018 , Auburn Hills, Mich. - FCA US LLC today reported March 2018 sales of 216,063 vehicles, a 14 percent increase compared with sales in March 2017 of 190,254 vehicles. The company reported retail sales of 162,304 vehicles, up 11 percent from March 2017. It was the best month of March retail sales since the company sold 170,545 vehicles in March 2001. Total sales were the highest since March 2006 when the company sold 216,865 vehicles. Fleet accounted for 25 percent of overall sales. Jeep Brand Jeep brand total sales rose 45 percent in March to 98,382 vehicles for its best month ever. The Jeep Wrangler led the group as sales rose 70 percent to 27,829 vehicles. It was the best month of sales ever for the nameplate, eclipsing the May 2015 record of 22,615 vehicles. Jeep Cherokee sales increased 63 percent to 23,764 vehicles for its best March sales ever. Ram Truck Brand Ram Truck brand sales declined 13 percent to 44,878 vehicles compared with the previous year. However, retail sales of the Ram Light Duty pickup truck rose 8 percent to 26,050 vehicles. The new 2019 Ram 1500 pickup truck began shipping to dealers in the second half of the month. The truck is being produced at the Sterling Heights Assembly Plant in Michigan. Chrysler Brand Chrysler brand total sales rose 15 percent in March to 19,499 vehicles compared with the same month a year ago. The Chrysler Pacifica minivan posted a 40 percent sales increase while the Chrysler 300 rose 25 percent. Dodge Brand Dodge brand total sales declined 2 percent to 49,184. Sales of the Dodge Challenger rose 31 percent to 8,150 vehicles. FIAT Brand Sales of Fiat declined 47 percent to 1,544 vehicles. Alfa Romeo Brand Alfa Romeo brand sales of 2,576 vehicles were up significantly compared with the same month a year ago. Giulia led the brand with 1,284 sales followed by Stelvio at 1,270 vehicles. FCA US LLC Sales Summary March 2018 Month Sales Vol % CYTD Sales Vol % Model Curr Yr Pr Yr Change Curr Yr Pr Yr Change Compass 17,302 2,651 553% 43,520 8,552 409% Patriot 100 5,968 -98% 364 16,180 -98% Wrangler 27,829 16,336 70% 55,504 41,311 34% Cherokee 23,764 14,589 63% 50,610 40,755 24% Grand Cherokee 19,616 20,374 -4% 53,448 56,600 -6% Renegade 9,771 8,065 21% 24,659 25,345 -3% JEEP BRAND 98,382 67,983 45% 228,105 188,743 21% Ram P/U 41,307 46,384 -11% 103,964 119,199 -13% Cargo Van 0 0 0% 0 0 ProMaster Van 2,451 4,048 -39% 6,457 10,047 -36% ProMaster City 1,120 1,317 -15% 3,233 3,333 -3% RAM BRAND 44,878 51,749 -13% 113,654 132,579 -14% 200 189 2,565 -93% 659 6,620 -90% 300 6,223 4,969 25% 12,992 15,063 -14% Town & Country 1 95 -99% 3 341 -99% Pacifica 13,086 9,340 40% 32,579 25,052 30% CHRYSLER BRAND 19,499 16,969 15% 46,233 47,076 -2% Dart 87 1,578 -94% 252 4,658 -95% Avenger 0 0 100% 1 0 Charger 8,504 8,236 3% 21,265 22,319 -5% Challenger 8,150 6,225 31% 17,648 15,725 12% Viper 6 71 -92% 9 178 -95% Journey 10,275 11,858 -13% 18,419 34,400 -46% Caravan 16,292 15,602 4% 43,144 40,054 8% Durango 5,870 6,506 -10% 16,233 16,729 -3% DODGE BRAND 49,184 50,076 -2% 116,971 134,063 -13% 500 439 1,671 -74% 1,309 4,020 -67% 500L 173 106 63% 395 284 39% 500X 607 726 -16% 1,579 1,966 -20% Spider 325 419 -22% 731 961 -24% FIAT BRAND 1,544 2,922 -47% 4,014 7,231 -44% Giulia 1,284 484 165% 3,085 965 220% Alfa 4C 22 71 -69% 54 141 -62% Stelvio 1,270 0 New 2,653 0 New ALFA ROMEO 2,576 555 364% 5,792 1,106 424% FCA US LLC 216,063 190,254 14% 514,769 510,798 1% Total Car & MPV 54,781 51,432 7% 134,126 136,381 -2% Total UV's 116,404 87,073 34% 266,989 241,838 10% Total Truck & LCV 44,878 51,749 -13% 113,654 132,579 -14%
  2. Geely Automotive's chairman Li Shufu made headlines last week by dropping $9 billion for 9.69% stake in Daimler AG, making him the biggest shareholder in Mercedes-Benz's parent company. This follows a trend by Geely in buying automakers (Volvo in 2010, a 51 percent stake in Lotus last year). But a new report from Bloomberg reveals Shufu had his eye on a possible bigger prize. Last year, Shufu approached Fiat Chrysler Automobiles about "a potential takeover". According to people familiar with the matter, Geely and FCA held informal talks. Nothing would come to fruition however as the two disagreed on how much FCA would be worth after the completion of the current five-year plan - expected to end this year. At the time of Bloomberg's report, FCA had a market cap value of 27 billion euros (about $33 billion). FCA and Geely declined to comment on Bloomberg's report. Back in August, Automotive News broke the news that various Chinese automakers were interested in possibly acquiring FCA. In fact, one unnamed automaker submitted a bid, but was rejected by FCA for being to low. At the time, Automotive News didn't mention the automaker in question, but Bloomberg's report possibly puts Geely as the one. Later that month, Chinese automaker Great Wall said they were interested in purchasing Jeep, although plans for this would fall apart. Source: Bloomberg
  3. Geely Automotive's chairman Li Shufu made headlines last week by dropping $9 billion for 9.69% stake in Daimler AG, making him the biggest shareholder in Mercedes-Benz's parent company. This follows a trend by Geely in buying automakers (Volvo in 2010, a 51 percent stake in Lotus last year). But a new report from Bloomberg reveals Shufu had his eye on a possible bigger prize. Last year, Shufu approached Fiat Chrysler Automobiles about "a potential takeover". According to people familiar with the matter, Geely and FCA held informal talks. Nothing would come to fruition however as the two disagreed on how much FCA would be worth after the completion of the current five-year plan - expected to end this year. At the time of Bloomberg's report, FCA had a market cap value of 27 billion euros (about $33 billion). FCA and Geely declined to comment on Bloomberg's report. Back in August, Automotive News broke the news that various Chinese automakers were interested in possibly acquiring FCA. In fact, one unnamed automaker submitted a bid, but was rejected by FCA for being to low. At the time, Automotive News didn't mention the automaker in question, but Bloomberg's report possibly puts Geely as the one. Later that month, Chinese automaker Great Wall said they were interested in purchasing Jeep, although plans for this would fall apart. Source: Bloomberg View full article
  4. More and more automakers are beginning to turn away from diesel due to demand for the fuel dropping and the rising costs of making engines compliant. The latest automaker that could be leaving the diesel fraternity is Fiat Chrysler Automobiles. The Financial Times has learned from sources that FCA plans on eliminating diesel engines from their passenger vehicles by 2022. This will be announced during the reveal of FCA's new four-year plan expected to take place on June 1st. FCA will continue to utilize diesel engines in commercial vehicles (including Ram Trucks), though it is unclear for how long. FCA declined to comment on this report when asked by Reuters. Source: Financial Times (Subscription Required), Reuters via Automotive News (Subscription Required)
  5. More and more automakers are beginning to turn away from diesel due to demand for the fuel dropping and the rising costs of making engines compliant. The latest automaker that could be leaving the diesel fraternity is Fiat Chrysler Automobiles. The Financial Times has learned from sources that FCA plans on eliminating diesel engines from their passenger vehicles by 2022. This will be announced during the reveal of FCA's new four-year plan expected to take place on June 1st. FCA will continue to utilize diesel engines in commercial vehicles (including Ram Trucks), though it is unclear for how long. FCA declined to comment on this report when asked by Reuters. Source: Financial Times (Subscription Required), Reuters via Automotive News (Subscription Required) View full article
  6. Fiat Chrysler Automobiles pushed out over-the-air update for the UConnect system on Friday and it is causing numerous problems. Jalopnik reports that the update is causing the UConnect system in 2017 and 2018 FCA models to constantly reboot every 45 seconds or so. Owners took to Twitter to vent their frustrations to the UConnectCares account saying how they lost audio, navigation, climate controls, and even the backup camera. Usually, a prompt would come up when an update is sent out with the ability to choose yes or not. But some owners tell Jalopnik they did not get a prompt, the update automatically installed. UConnectCares has acknowledged the problem and said there is a fix coming, although when it will come out is up in the air. It is unclear how many vehicles have this issue. Both Jalopnik and The Verge have reached out to FCA to get an official comment - we'll update you if and when they get it. In the meantime, there is a temporary solution. The Hooniverse reports that if you input a location into the navigation and mute the audio, the rebooting will stop. "As per Mister Mailman’s direction, this temporary fix does work well. It’s not perfect because when the system talks, even thought it is muted, it still mutes the driver’s speakers. It also constantly displays directions in the gauge cluster. But both of these are heck of a lot less annoying than constant system reboots," writes Kamil Kaluski on Hooniverse. Source: Jalopnik, The Verge, Hooniverse View full article
  7. Fiat Chrysler Automobiles pushed out over-the-air update for the UConnect system on Friday and it is causing numerous problems. Jalopnik reports that the update is causing the UConnect system in 2017 and 2018 FCA models to constantly reboot every 45 seconds or so. Owners took to Twitter to vent their frustrations to the UConnectCares account saying how they lost audio, navigation, climate controls, and even the backup camera. Usually, a prompt would come up when an update is sent out with the ability to choose yes or not. But some owners tell Jalopnik they did not get a prompt, the update automatically installed. UConnectCares has acknowledged the problem and said there is a fix coming, although when it will come out is up in the air. It is unclear how many vehicles have this issue. Both Jalopnik and The Verge have reached out to FCA to get an official comment - we'll update you if and when they get it. In the meantime, there is a temporary solution. The Hooniverse reports that if you input a location into the navigation and mute the audio, the rebooting will stop. "As per Mister Mailman’s direction, this temporary fix does work well. It’s not perfect because when the system talks, even thought it is muted, it still mutes the driver’s speakers. It also constantly displays directions in the gauge cluster. But both of these are heck of a lot less annoying than constant system reboots," writes Kamil Kaluski on Hooniverse. Source: Jalopnik, The Verge, Hooniverse
  8. The U.S. Justice Department has offered Fiat Chrysler Automobiles a possible settlement over its emissions-cheating EcoDiesel engine. But it will likely cost FCA a large chunk of cash. Bloomberg obtained a copy of the settlement offer that was sent to FCA's lawyers. The key detail of the proposed settlement says the settlement “must include very substantial civil penalties” that discourage others future violations and that “adequately reflect the seriousness of the conduct that led to these violations.” The proposed settlement doesn't mention an end of the criminal investigation by the Justice Department. Spokespeople for FCA did not respond for comment. Bloomberg also obtained a term sheet sent by FCA to Government lawyers back in December. In the sheet, FCA acknowledged that the final settlement would include "civil penalties, an emissions fix for the diesel vehicles and environmental mitigation efforts." The mitigation efforts could include "projects to promote low- or zero-emissions “mobility projects”." The saga of FCA's EcoDiesel mess dates back to last January when the Environmental Protection Agency (EPA) accused the automaker of having multiple defeat devices installed on the 3.0L EcoDiesel V6 - used in the Ram 1500 and Jeep Grand Cherokee. Since then, FCA has been working with the EPA and Justice Department on trying to clear this mess up. The automaker has also brought their 2017 and 2018 models equipped with the EcoDiesel into compliance via new software and hopes to do the same for the older models. Source: Bloomberg
  9. The U.S. Justice Department has offered Fiat Chrysler Automobiles a possible settlement over its emissions-cheating EcoDiesel engine. But it will likely cost FCA a large chunk of cash. Bloomberg obtained a copy of the settlement offer that was sent to FCA's lawyers. The key detail of the proposed settlement says the settlement “must include very substantial civil penalties” that discourage others future violations and that “adequately reflect the seriousness of the conduct that led to these violations.” The proposed settlement doesn't mention an end of the criminal investigation by the Justice Department. Spokespeople for FCA did not respond for comment. Bloomberg also obtained a term sheet sent by FCA to Government lawyers back in December. In the sheet, FCA acknowledged that the final settlement would include "civil penalties, an emissions fix for the diesel vehicles and environmental mitigation efforts." The mitigation efforts could include "projects to promote low- or zero-emissions “mobility projects”." The saga of FCA's EcoDiesel mess dates back to last January when the Environmental Protection Agency (EPA) accused the automaker of having multiple defeat devices installed on the 3.0L EcoDiesel V6 - used in the Ram 1500 and Jeep Grand Cherokee. Since then, FCA has been working with the EPA and Justice Department on trying to clear this mess up. The automaker has also brought their 2017 and 2018 models equipped with the EcoDiesel into compliance via new software and hopes to do the same for the older models. Source: Bloomberg View full article
  10. For the past few years, Fiat Chrysler Automobiles CEO Sergio Marchionne holds a conference with journalists and analysts at the Detroit Auto Show, taking various questions. According to Motor Trend, Marchionne revealed that more crossovers are on the way for Alfa Romeo, Chrysler, and Ferrari. Alfa's Three-Row Crossover: Sergio Marchionne confirmed that Alfa Romeo is working on a larger SUV to sit above the Stelvio. He says this model is very important for the brand. As we reported towards the end of December, the model would use a stretched version of the Stelvio's platform and possibly feature a mild-hybrid powertrain. Chrysler's Pacifica-based crossover: It seems the platform that underpins the Pacifica will be used for a long-promised crossover. The model was in the previous five-year plan for FCA, but was pushed back. The model will be in the next five-year plan (expected to be shown sometime later this year) and could go into production within the next 18 months. Ferrari SUV: Progress on Ferrari's upcoming SUV is moving quite quickly as Marchionne said it would be ready by the end of 2019 or early 2020. At the moment, the Italian automaker has mock-up bodies of the SUV, but nothing driveable. “I have seen the car when I was in Europe. It’s not finished. It’s going to be Ferrari. It will drive like a Ferrari or I’ll be taken to the shed. But it looks good,” said Marchionne. Other bits from Marchionne: When asked about a performance electric vehicle, Marchionne said, “Ferrari has looked at this forever, and if there is an electric supercar to be built, Ferrari will do it,” FCA hasn't "found an economic way to get this done” when asked if there was the chance of a midsize Ram pickup. Wrangler Pickup is expected to debut towards the end of 2019 Marchionne is planning to retire as FCA CEO next year The most pressing question asked during the session? Where does he buy his sweaters? Answer: Online. Source: Motor Trend View full article
  11. For the past few years, Fiat Chrysler Automobiles CEO Sergio Marchionne holds a conference with journalists and analysts at the Detroit Auto Show, taking various questions. According to Motor Trend, Marchionne revealed that more crossovers are on the way for Alfa Romeo, Chrysler, and Ferrari. Alfa's Three-Row Crossover: Sergio Marchionne confirmed that Alfa Romeo is working on a larger SUV to sit above the Stelvio. He says this model is very important for the brand. As we reported towards the end of December, the model would use a stretched version of the Stelvio's platform and possibly feature a mild-hybrid powertrain. Chrysler's Pacifica-based crossover: It seems the platform that underpins the Pacifica will be used for a long-promised crossover. The model was in the previous five-year plan for FCA, but was pushed back. The model will be in the next five-year plan (expected to be shown sometime later this year) and could go into production within the next 18 months. Ferrari SUV: Progress on Ferrari's upcoming SUV is moving quite quickly as Marchionne said it would be ready by the end of 2019 or early 2020. At the moment, the Italian automaker has mock-up bodies of the SUV, but nothing driveable. “I have seen the car when I was in Europe. It’s not finished. It’s going to be Ferrari. It will drive like a Ferrari or I’ll be taken to the shed. But it looks good,” said Marchionne. Other bits from Marchionne: When asked about a performance electric vehicle, Marchionne said, “Ferrari has looked at this forever, and if there is an electric supercar to be built, Ferrari will do it,” FCA hasn't "found an economic way to get this done” when asked if there was the chance of a midsize Ram pickup. Wrangler Pickup is expected to debut towards the end of 2019 Marchionne is planning to retire as FCA CEO next year The most pressing question asked during the session? Where does he buy his sweaters? Answer: Online. Source: Motor Trend
  12. Fiat Chrysler Automobiles is trying to put the past behind them with the 3.0L EcoDiesel emission mess. The company has restarted production of the engine for the 2017 Ram 1500 and Jeep Grand Cherokee, and is in the process of getting a fix out there for older models. Now, talks about a possible settlement for owners of the 3.0L EcoDiesel are making some significant progress. At a hearing yesterday in San Fransisco, court settlement master Ken Feinberg said that proposed settlement documents have been passed between lawyers for FCA and owners of the 3.0 EcoDiesel. The proposal was also discussed at a meeting where the lawyers for both groups were joined by the Justice Department, California Air Resources Board, and supplier Bosch. “We’re looking for different substantive ways to secure an early comprehensive settlement,” Feinberg said. “Everybody in good faith is certainly trying to figure out how we might achieve a comprehensive settlement.” An agreement on a settlement could happen before tests of the proposed fix are finished in March. Source: Reuters Pic Credit: William Maley for Cheers & Gears View full article
  13. Fiat Chrysler Automobiles is trying to put the past behind them with the 3.0L EcoDiesel emission mess. The company has restarted production of the engine for the 2017 Ram 1500 and Jeep Grand Cherokee, and is in the process of getting a fix out there for older models. Now, talks about a possible settlement for owners of the 3.0L EcoDiesel are making some significant progress. At a hearing yesterday in San Fransisco, court settlement master Ken Feinberg said that proposed settlement documents have been passed between lawyers for FCA and owners of the 3.0 EcoDiesel. The proposal was also discussed at a meeting where the lawyers for both groups were joined by the Justice Department, California Air Resources Board, and supplier Bosch. “We’re looking for different substantive ways to secure an early comprehensive settlement,” Feinberg said. “Everybody in good faith is certainly trying to figure out how we might achieve a comprehensive settlement.” An agreement on a settlement could happen before tests of the proposed fix are finished in March. Source: Reuters Pic Credit: William Maley for Cheers & Gears
  14. Seven years ago, Chinese automaker Guangzhou Automobile Group (GAC) entered into a joint venture Fiat Chrysler Automobiles. Currently, the joint venture locally builds the Cherokee, Compass, and Renegade. The venture also imports the Grand Cherokee and Wrangler for Chinese buyers. It has proven to be successful as the venture saw its sales triple to nearly 150,000 vehicles in 2016. Because of this, GAC wants to strengthen their ties with FCA. "GAC has a real interest in deepening relations with Fiat Chrysler to expand outside China, especially in the U.S. Fiat hasn’t been able so far to catch up with competitors in China, so there is much room to improve," said Vincenzo Longo, a strategist at IG Markets in Milan. In an interview with Bloomberg, GAC President Feng Xingya said the two automakers are in discussions about deepening their partnership. The key items being focused in the discussions include models, production, and sales targets. Xingya also hinted that GAC wanted to work FCA in the U.S. when it plans to launch their unfortunately named Trumpchi brand by 2019. “We are very satisfied with our cooperation with FCA. We have yet to reach a conclusion on how to cooperate with FCA when we begin manufacturing in the U.S., and we have also not begun discussions with other Chinese automakers on whether to make cars together in the U.S,” said Xingya. Source: Bloomberg
  15. Seven years ago, Chinese automaker Guangzhou Automobile Group (GAC) entered into a joint venture Fiat Chrysler Automobiles. Currently, the joint venture locally builds the Cherokee, Compass, and Renegade. The venture also imports the Grand Cherokee and Wrangler for Chinese buyers. It has proven to be successful as the venture saw its sales triple to nearly 150,000 vehicles in 2016. Because of this, GAC wants to strengthen their ties with FCA. "GAC has a real interest in deepening relations with Fiat Chrysler to expand outside China, especially in the U.S. Fiat hasn’t been able so far to catch up with competitors in China, so there is much room to improve," said Vincenzo Longo, a strategist at IG Markets in Milan. In an interview with Bloomberg, GAC President Feng Xingya said the two automakers are in discussions about deepening their partnership. The key items being focused in the discussions include models, production, and sales targets. Xingya also hinted that GAC wanted to work FCA in the U.S. when it plans to launch their unfortunately named Trumpchi brand by 2019. “We are very satisfied with our cooperation with FCA. We have yet to reach a conclusion on how to cooperate with FCA when we begin manufacturing in the U.S., and we have also not begun discussions with other Chinese automakers on whether to make cars together in the U.S,” said Xingya. Source: Bloomberg View full article
  16. On Friday, we brought you the news that Fiat Chrysler Automobiles would be pulling Chrysler and Dodge from South Africa. "This unfortunate situation has arisen from our principals in the USA no longer building Chrysler or Dodge vehicles in Right Hand Drive configuration," the company told Wheels24. But there was a wrench thrown into this story, courtesy of FCA's Australian office. “I am not at liberty to comment on South Africa’s decision. What I can tell you is that Australia will continue to sell the right-hand drive Chrysler 300 as an ongoing product in our lineup. In relation to Dodge, at this stage, this brand is represented as a parts and service operation only,” said FCA Australia's manager of public relations Alessia Terranova. This left us confused. Was FCA ending RHD production or not for Chrysler and Dodge models? Thankfully, we might have some clarity. “We do continue to build the Chrysler 300 RHD at the FCA Brampton Assembly Plant,” said Lou Ann Gosselin, head of communications for FCA Canada to The Truth About Cars. It seems for the time being, FCA will continue to build RHD variants of the 300 which plays into the comment made by FCA Australia. We're wondering if there was some sort of miscommunication that to this confusion. We also need to note that Chrysler isn't a big seller. To use Australia as an example, Chrysler has only sold 210 300s so far this year. Source: The Truth About Cars View full article
  17. William Maley

    Hold the Phone! FCA Still Building RHD 300s

    On Friday, we brought you the news that Fiat Chrysler Automobiles would be pulling Chrysler and Dodge from South Africa. "This unfortunate situation has arisen from our principals in the USA no longer building Chrysler or Dodge vehicles in Right Hand Drive configuration," the company told Wheels24. But there was a wrench thrown into this story, courtesy of FCA's Australian office. “I am not at liberty to comment on South Africa’s decision. What I can tell you is that Australia will continue to sell the right-hand drive Chrysler 300 as an ongoing product in our lineup. In relation to Dodge, at this stage, this brand is represented as a parts and service operation only,” said FCA Australia's manager of public relations Alessia Terranova. This left us confused. Was FCA ending RHD production or not for Chrysler and Dodge models? Thankfully, we might have some clarity. “We do continue to build the Chrysler 300 RHD at the FCA Brampton Assembly Plant,” said Lou Ann Gosselin, head of communications for FCA Canada to The Truth About Cars. It seems for the time being, FCA will continue to build RHD variants of the 300 which plays into the comment made by FCA Australia. We're wondering if there was some sort of miscommunication that to this confusion. We also need to note that Chrysler isn't a big seller. To use Australia as an example, Chrysler has only sold 210 300s so far this year. Source: The Truth About Cars
  18. Fiat Chrysler Automobile has quietly ended production of right-hand drive models from Chrysler and Dodge. According to South Africa's Wheels24, the announcement comes as FCA drops Chrysler and Dodge from their South Africa lineup. "FCA will say a fond farewell to two of the mainstay car brands, with the Chrysler and Dodge vehicle ranges no longer being available locally. This unfortunate situation has arisen from our principals in the USA no longer building Chrysler or Dodge vehicles in Right Hand Drive configuration," the company told Wheels24. According to Allpar, FCA built RHD variants of 300 and Charger in Brampton, Ontario, and Pacifica and Grand Caravan in Windsor, Ontario. It is unclear if this move will affect other markets where FCA sells RHD models such as Australia, New Zealand, and Indonesia. When reached for comment by Australia's CarAdvice, FCA Australia's manager of public relations Alessia Terranova said, “I am not at liberty to comment on South Africa’s decision. What I can tell you is that Australia will continue to sell the right-hand drive Chrysler 300 as an ongoing product in our lineup. In relation to Dodge, at this stage, this brand is represented as a parts and service operation only.” We'll keep you posted on this story. Source: Wheels24, Allpar, CarAdvice
  19. Fiat Chrysler Automobile has quietly ended production of right-hand drive models from Chrysler and Dodge. According to South Africa's Wheels24, the announcement comes as FCA drops Chrysler and Dodge from their South Africa lineup. "FCA will say a fond farewell to two of the mainstay car brands, with the Chrysler and Dodge vehicle ranges no longer being available locally. This unfortunate situation has arisen from our principals in the USA no longer building Chrysler or Dodge vehicles in Right Hand Drive configuration," the company told Wheels24. According to Allpar, FCA built RHD variants of 300 and Charger in Brampton, Ontario, and Pacifica and Grand Caravan in Windsor, Ontario. It is unclear if this move will affect other markets where FCA sells RHD models such as Australia, New Zealand, and Indonesia. When reached for comment by Australia's CarAdvice, FCA Australia's manager of public relations Alessia Terranova said, “I am not at liberty to comment on South Africa’s decision. What I can tell you is that Australia will continue to sell the right-hand drive Chrysler 300 as an ongoing product in our lineup. In relation to Dodge, at this stage, this brand is represented as a parts and service operation only.” We'll keep you posted on this story. Source: Wheels24, Allpar, CarAdvice View full article
  20. William Maley

    FCA CEO Still Thinks Electric Cars Are Not Viable

    If there is one thing the Fiat Chrysler CEO Sergio Marchionne has been consistent on aside from changing his mind on a number of things is his dislike on electric vehicles. Speaking to reporters this week at the New York Stock Exchange, Marchionne said there isn't a viable economic model for electric cars. "We still don't have a viable economic model for delivering an electric car. As much as I like Elon Musk, and he's a good friend and actually he's done a phenomenal job of marketing Telsa, I remain unconvinced of a ... economic viability of the model that he's pitching," said Marchionne. Marchionne believes the costs for batteries and the various technologies need to come down to make them viable. Otherwise, automakers should focus on developing hybrid and plug-in hybrid powertrains. "So how do we find a convergence of technology bringing prices of components down and allows us to price accordingly — or we need to navigate through this process in a combined way between combustion and electrification to yield at least a minimum of economic returns that allows for our continuity? The last thing you want is me to be successful selling cars for 24 months and then go bust. That's not a good story. Especially in a place like this which rewards economic success. Let's not sit here and design our own future in the tank. Let's try and do it properly. We will do all the right things. We are investing without making a lot of noise on electrification. We will combine it with combustion to yield the right level of CO2. But we're not betting the bank on going fully electric in the next decade. It won't happen," said Marchionne. Source: The Street
  21. If there is one thing the Fiat Chrysler CEO Sergio Marchionne has been consistent on aside from changing his mind on a number of things is his dislike on electric vehicles. Speaking to reporters this week at the New York Stock Exchange, Marchionne said there isn't a viable economic model for electric cars. "We still don't have a viable economic model for delivering an electric car. As much as I like Elon Musk, and he's a good friend and actually he's done a phenomenal job of marketing Telsa, I remain unconvinced of a ... economic viability of the model that he's pitching," said Marchionne. Marchionne believes the costs for batteries and the various technologies need to come down to make them viable. Otherwise, automakers should focus on developing hybrid and plug-in hybrid powertrains. "So how do we find a convergence of technology bringing prices of components down and allows us to price accordingly — or we need to navigate through this process in a combined way between combustion and electrification to yield at least a minimum of economic returns that allows for our continuity? The last thing you want is me to be successful selling cars for 24 months and then go bust. That's not a good story. Especially in a place like this which rewards economic success. Let's not sit here and design our own future in the tank. Let's try and do it properly. We will do all the right things. We are investing without making a lot of noise on electrification. We will combine it with combustion to yield the right level of CO2. But we're not betting the bank on going fully electric in the next decade. It won't happen," said Marchionne. Source: The Street View full article
  22. Ever since the rumor of a major Chinese automaker possibly buying Fiat Chrysler Automobiles broke earlier this week, a number of them are coming out and saying it's not us. Geely was the first to come out on Wednesday and we have learned about two others. Yesterday, a spokesperson for Dongfeng told Reuters the company has no plans to buy FCA. Then today, Guangzhou Automobile told Reuters the same thing. "Currently, we don't have plans to acquire Fiat Chrysler," said Wu Yunchong, spokeswoman for Guangzhou Automobile. That now leaves Great Wall and other Chinese automakers that we don't know about. Source: Reuters, 2 View full article
  23. Ever since the rumor of a major Chinese automaker possibly buying Fiat Chrysler Automobiles broke earlier this week, a number of them are coming out and saying it's not us. Geely was the first to come out on Wednesday and we have learned about two others. Yesterday, a spokesperson for Dongfeng told Reuters the company has no plans to buy FCA. Then today, Guangzhou Automobile told Reuters the same thing. "Currently, we don't have plans to acquire Fiat Chrysler," said Wu Yunchong, spokeswoman for Guangzhou Automobile. That now leaves Great Wall and other Chinese automakers that we don't know about. Source: Reuters, 2
  24. It is no secret that Sergio Marchionne has been looking for a buyer to take on Fiat Chrysler Automobiles for the past two years. But no one seemed seriously interested. That has changed. Automotive News has learned from various sources that a number of Chinese automakers are conducting appraisals into FCA, with some meeting with representatives of U.S. retail groups about a potential acquisition last week. One source revealed that FCA executives have traveled to China to meet with Great Wall Motor Co. and that Chinese delegations were at FCA's HQ. AN also reports that a well-known Chinese automaker has put forth an offer this month for the company, but was turned down as it wasn't enough money to do a sale. It is unclear which Chinese automakers are looking at FCA. Aside from Great Wall, sources say Dongfeng Motor Corp., Zhejiang Geely Holding Group, and Guangzhou Automobile Group (FCA's joint venture partner in China) are interested. Unsurprisingly, FCA and the Chinese automakers are keeping their mouths shut. Why are Chinese automakers suddenly interested in FCA? Part of it comes from the government putting pressure on companies to expand beyond China. A government directive called China Outbound is pushing Chinese companies "to acquire international assets from their industries and operate them "to make their mark." "Right now, Chinese automakers enjoy the full support of the leadership in Beijing to go and make it happen. That's something brand new, and it's really picked up since 2015," said Michael Dunne, president of Dunne Automotive based in Hong Kong. A key example is Geely acquiring Volvo back in 2010. Also, FCA provides Chinese Automakers wanting to enter the U.S. something akin to a turnkey operation. FCA has about 2,600 dealers in the U.S., along with extensive networks in Canada and Mexico. Worldwide, FCA has 162 manufacturing operations and 87 research and development centers - something that would appeal to Chinese Automakers. So if a deal was worked out, what would a Chinese Automaker be getting? According to a source, the sale would include Jeep and Ram Trucks - FCA's profit makers, along with Chrysler, Dodge, and Fiat. Alfa Romeo and Maserati would be spun off to maximize returns for Exor - holding company controlled by Agnelli family which holds a controlling interest in FCA. Source: Automotive News (Subscription Required)
  25. It is no secret that Sergio Marchionne has been looking for a buyer to take on Fiat Chrysler Automobiles for the past two years. But no one seemed seriously interested. That has changed. Automotive News has learned from various sources that a number of Chinese automakers are conducting appraisals into FCA, with some meeting with representatives of U.S. retail groups about a potential acquisition last week. One source revealed that FCA executives have traveled to China to meet with Great Wall Motor Co. and that Chinese delegations were at FCA's HQ. AN also reports that a well-known Chinese automaker has put forth an offer this month for the company, but was turned down as it wasn't enough money to do a sale. It is unclear which Chinese automakers are looking at FCA. Aside from Great Wall, sources say Dongfeng Motor Corp., Zhejiang Geely Holding Group, and Guangzhou Automobile Group (FCA's joint venture partner in China) are interested. Unsurprisingly, FCA and the Chinese automakers are keeping their mouths shut. Why are Chinese automakers suddenly interested in FCA? Part of it comes from the government putting pressure on companies to expand beyond China. A government directive called China Outbound is pushing Chinese companies "to acquire international assets from their industries and operate them "to make their mark." "Right now, Chinese automakers enjoy the full support of the leadership in Beijing to go and make it happen. That's something brand new, and it's really picked up since 2015," said Michael Dunne, president of Dunne Automotive based in Hong Kong. A key example is Geely acquiring Volvo back in 2010. Also, FCA provides Chinese Automakers wanting to enter the U.S. something akin to a turnkey operation. FCA has about 2,600 dealers in the U.S., along with extensive networks in Canada and Mexico. Worldwide, FCA has 162 manufacturing operations and 87 research and development centers - something that would appeal to Chinese Automakers. So if a deal was worked out, what would a Chinese Automaker be getting? According to a source, the sale would include Jeep and Ram Trucks - FCA's profit makers, along with Chrysler, Dodge, and Fiat. Alfa Romeo and Maserati would be spun off to maximize returns for Exor - holding company controlled by Agnelli family which holds a controlling interest in FCA. Source: Automotive News (Subscription Required) View full article

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