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Found 131 results

  1. 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)
  2. 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) View full article
  3. William Maley

    FCA's Latest Five-Year Plan: What You Need to Know

    Fiat Chrysler Automobiles announced their latest five-year plan at an investor meeting in Italy. This is important as it will be the final plan presented by CEO Sergio Marchionne who will retire next year. Aside from news about Sergio actually wearing a tie (I'm being completely serious here -WM), there were some interesting bits to come out. We're going to breaking down what is in store for each brand along with intriguing information that was presented. Jeep: Four new models are expected to launch by 2022. They include the Wrangler pickup, Wagoneer/Grand Wagoneer, a smaller model to sit underneath the Renegade, and a three-row crossover to sit next to the Grand Cherokee. By 2021, Jeep is planning to have an electrification option on each nameplate by 2021, along with Level 3 autonomous capability - basically a car can drive itself in limited situations, but requires a driver to jump in at a moment's notice. Diesels will be gradually dropped from the various models, but no timetable was provided. A new 'hawk will be joining the Jeep family. Deserthawk will be models setup for "high-speed sand running". Think Ford Raptor as an SUV. This will launch in the first quarter of 2020. Production capacity will increase to keep up with the demand for SUV and crossovers around the world. Jeep will also introduce Jeep Wave. It's part 'loyalty program' and connected car services, and part subscription service. The loyalty part grants owners of the Hawk models and Wranglers 'Jeep Coins' when purchasing. The coins can be used to borrow other FCA products. Additional coins will be available for purchase. A pilot program will begin in 2019. A more traditional subscription service will launch in 2019. Subscribers pay a monthly fee for access to a fleet of FCA vehicles. Three tiers - Good, Better, and Best - determines vehicle selection, insurance, and concierge services. Jeep will also launch a in-car payment pilot program in 2019 as part of Wave. Ram Trucks: A new Ram Heavy-Duty will be arriving in 2019. By 2022, Ram will have three new/redesigned models: A midsize pickup, redesigned ProMaster City, and the high-performance Ram 1500 TRX. The TRX will compete against the Ford F-150 Raptor. Both the Ram 1500 and redesigned ProMaster City will come with Level 2 autonomous capability in 2021. Maserati: The Alfieri, which was first shown in 2014 as a concept will finally launch it as the replacement for the GranTurismo by 2022. The platform has been designed in such a way that allows for three different powertrains - including a plug-in hybrid and fully-electric version. Maserati claims a 0-100 kph time of two seconds for the electric version. The Alfieri EV will serve as the flagship for Maserati's new Blue lineup. This is the designation for any Maserati model equipped with a fully-electric powertrain comprised of three motors, new battery tech, and all-wheel drive with torque vectoring. The Levante, Ghibli, and Quattroporte will also have Blue models. Redesigns of the Ghibli, Levante, and Quattroporte will arrive by 2022. All of them will have a plug-in hybrid option. A new, smaller crossover will sit alongside the Levante. It is expected to possibly use the platform that underpins the Stelvio. Maserati is hoping to sell 100,000 vehicles by 2022, double the current sales volume. Alfa Romeo: Remember those rumors about the Giulia Coupe? It is real and will be named GTV. Alfa is promising more than 600 horsepower thanks to electric boost, all-wheel drive with torque vectoring, and 50:50 weight distribution. 8C will also be making a comeback as a mid-engine coupe. With a twin-turbo gas engine and electric drive system for the front axle, the combined output will be 700 horsepower. It will also feature a carbon fiber monocoque chassis. Alfa looks to getting out of the subcompact game as there is no product listed for 2022. They'll be sticking in the compact realm with a new Giuletta. Two new crossovers will be joining the lineup. One will sit underneath the Stelvio and the other will sit above. We know a little bit more about the larger model as it will be the first model to debut a new mild-hybrid system. It will be underpinned by a stretched version of the Giulia's platform. Also in the cards are long-wheelbase variants for the Giulia and Stelvio (most likely for China) and plug-in hybrid models. Other Details: Fiat got a brief mention during the meeting. There will be a new 500e and a wagon variant known as Giardiniera. Both models will get a new electric powertrain built for small vehicles. The 500L and 500X will come with hybrid powertrains. No time frames were revealed. "Chrysler is going to continue to be a relevant brand in the United States," said Marchionne when asked about the brand. No mention of Dodge during the conference. FCA will be working a number of partners on developing autonomous vehicles. This includes an expanded partnership with Waymo, along with new partnerships with Aptiv and BMW. Diesel will be phased out from all passenger cars in Europe by 2021. Source: Fiat Chrysler Automobiles
  4. Fiat Chrysler Automobiles announced their latest five-year plan at an investor meeting in Italy. This is important as it will be the final plan presented by CEO Sergio Marchionne who will retire next year. Aside from news about Sergio actually wearing a tie (I'm being completely serious here -WM), there were some interesting bits to come out. We're going to breaking down what is in store for each brand along with intriguing information that was presented. Jeep: Four new models are expected to launch by 2022. They include the Wrangler pickup, Wagoneer/Grand Wagoneer, a smaller model to sit underneath the Renegade, and a three-row crossover to sit next to the Grand Cherokee. By 2021, Jeep is planning to have an electrification option on each nameplate by 2021, along with Level 3 autonomous capability - basically a car can drive itself in limited situations, but requires a driver to jump in at a moment's notice. Diesels will be gradually dropped from the various models, but no timetable was provided. A new 'hawk will be joining the Jeep family. Deserthawk will be models setup for "high-speed sand running". Think Ford Raptor as an SUV. This will launch in the first quarter of 2020. Production capacity will increase to keep up with the demand for SUV and crossovers around the world. Jeep will also introduce Jeep Wave. It's part 'loyalty program' and connected car services, and part subscription service. The loyalty part grants owners of the Hawk models and Wranglers 'Jeep Coins' when purchasing. The coins can be used to borrow other FCA products. Additional coins will be available for purchase. A pilot program will begin in 2019. A more traditional subscription service will launch in 2019. Subscribers pay a monthly fee for access to a fleet of FCA vehicles. Three tiers - Good, Better, and Best - determines vehicle selection, insurance, and concierge services. Jeep will also launch a in-car payment pilot program in 2019 as part of Wave. Ram Trucks: A new Ram Heavy-Duty will be arriving in 2019. By 2022, Ram will have three new/redesigned models: A midsize pickup, redesigned ProMaster City, and the high-performance Ram 1500 TRX. The TRX will compete against the Ford F-150 Raptor. Both the Ram 1500 and redesigned ProMaster City will come with Level 2 autonomous capability in 2021. Maserati: The Alfieri, which was first shown in 2014 as a concept will finally launch it as the replacement for the GranTurismo by 2022. The platform has been designed in such a way that allows for three different powertrains - including a plug-in hybrid and fully-electric version. Maserati claims a 0-100 kph time of two seconds for the electric version. The Alfieri EV will serve as the flagship for Maserati's new Blue lineup. This is the designation for any Maserati model equipped with a fully-electric powertrain comprised of three motors, new battery tech, and all-wheel drive with torque vectoring. The Levante, Ghibli, and Quattroporte will also have Blue models. Redesigns of the Ghibli, Levante, and Quattroporte will arrive by 2022. All of them will have a plug-in hybrid option. A new, smaller crossover will sit alongside the Levante. It is expected to possibly use the platform that underpins the Stelvio. Maserati is hoping to sell 100,000 vehicles by 2022, double the current sales volume. Alfa Romeo: Remember those rumors about the Giulia Coupe? It is real and will be named GTV. Alfa is promising more than 600 horsepower thanks to electric boost, all-wheel drive with torque vectoring, and 50:50 weight distribution. 8C will also be making a comeback as a mid-engine coupe. With a twin-turbo gas engine and electric drive system for the front axle, the combined output will be 700 horsepower. It will also feature a carbon fiber monocoque chassis. Alfa looks to getting out of the subcompact game as there is no product listed for 2022. They'll be sticking in the compact realm with a new Giuletta. Two new crossovers will be joining the lineup. One will sit underneath the Stelvio and the other will sit above. We know a little bit more about the larger model as it will be the first model to debut a new mild-hybrid system. It will be underpinned by a stretched version of the Giulia's platform. Also in the cards are long-wheelbase variants for the Giulia and Stelvio (most likely for China) and plug-in hybrid models. Other Details: Fiat got a brief mention during the meeting. There will be a new 500e and a wagon variant known as Giardiniera. Both models will get a new electric powertrain built for small vehicles. The 500L and 500X will come with hybrid powertrains. No time frames were revealed. "Chrysler is going to continue to be a relevant brand in the United States," said Marchionne when asked about the brand. No mention of Dodge during the conference. FCA will be working a number of partners on developing autonomous vehicles. This includes an expanded partnership with Waymo, along with new partnerships with Aptiv and BMW. Diesel will be phased out from all passenger cars in Europe by 2021. Source: Fiat Chrysler Automobiles View full article
  5. Fiat Chrysler Automobiles' CEO Sergio Marchionne will be making one final move before his retirement - ending production of mass-market vehicles in Italy. Sources tell Bloomberg that on June 1st, Marchionne will unveil a plan that will see the end of production for the Alfa Romeo MiTo and Fiat Punto to make way for more upscale models. Fiat's historic plant in Turin will be retooled to build a new smaller Maserati SUV alongside the Levante. Another plant nearby Naples will be home to a small Jeep SUV after production of the Fiat Panda moves to Poland. It should be noted that the plan isn't finalized and details could change. FCA declined to comment when reached by Bloomberg. Part of the reason for the change comes down to Marchionne's belief that there is no future in building affordable cars in high-wage European countries. The report also mentions that FCA will be cutting Fiat's lineup to just the 500 and Panda in the future Source: Bloomberg
  6. Fiat Chrysler Automobiles' CEO Sergio Marchionne will be making one final move before his retirement - ending production of mass-market vehicles in Italy. Sources tell Bloomberg that on June 1st, Marchionne will unveil a plan that will see the end of production for the Alfa Romeo MiTo and Fiat Punto to make way for more upscale models. Fiat's historic plant in Turin will be retooled to build a new smaller Maserati SUV alongside the Levante. Another plant nearby Naples will be home to a small Jeep SUV after production of the Fiat Panda moves to Poland. It should be noted that the plan isn't finalized and details could change. FCA declined to comment when reached by Bloomberg. Part of the reason for the change comes down to Marchionne's belief that there is no future in building affordable cars in high-wage European countries. The report also mentions that FCA will be cutting Fiat's lineup to just the 500 and Panda in the future Source: Bloomberg 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 View full article
  8. 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
  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
  10. 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
  11. 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
  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 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
  14. 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
  15. After nearly a year-long hiatus, 2017 Ram 1500s with the EcoDiesel option are beginning to show up on dealer lots. According to Automotive News, some dealers started seeing EcoDiesel models arriving towards the end of last month. Other dealers are still waiting for the EcoDiesel models to show up. Back in January, the EPA accused Fiat Chrysler Automobiles of violating emission regulations by failing to disclose eight different software programs used in the EcoDiesel. The agency alleged the software allowed Ram 1500s and Jeep Grand Cherokee EcoDiesels to produce excess pollution. Then in May, the Justice Department filed a civil suit against FCA over the software. FCA has been working with the EPA and California Air Resources Board to try and settle this dispute. The company sent new emissions control software that would be used in the 2017 models to the EPA in May. If approved, FCA would install this software on 2014 to 2016 models. In late July, the EPA gave FCA the ok to begin selling Ram 1500s and Grand Cherokee EcoDiesels with the new software. It should be noted that FCA began building Ram 1500s with the EcoDiesel back in early July in anticipation of getting the ok. Though it is unclear why FCA waited over two months before shipping them out to dealers. But this good news may be short lived. A spokeswoman for the EPA told Automotive News that the 2018 models have yet to be certified. Source: Automotive News (Subscription Required) View full article
  16. William Maley

    2017 Ram 1500 EcoDiesels Are Hitting Dealers

    After nearly a year-long hiatus, 2017 Ram 1500s with the EcoDiesel option are beginning to show up on dealer lots. According to Automotive News, some dealers started seeing EcoDiesel models arriving towards the end of last month. Other dealers are still waiting for the EcoDiesel models to show up. Back in January, the EPA accused Fiat Chrysler Automobiles of violating emission regulations by failing to disclose eight different software programs used in the EcoDiesel. The agency alleged the software allowed Ram 1500s and Jeep Grand Cherokee EcoDiesels to produce excess pollution. Then in May, the Justice Department filed a civil suit against FCA over the software. FCA has been working with the EPA and California Air Resources Board to try and settle this dispute. The company sent new emissions control software that would be used in the 2017 models to the EPA in May. If approved, FCA would install this software on 2014 to 2016 models. In late July, the EPA gave FCA the ok to begin selling Ram 1500s and Grand Cherokee EcoDiesels with the new software. It should be noted that FCA began building Ram 1500s with the EcoDiesel back in early July in anticipation of getting the ok. Though it is unclear why FCA waited over two months before shipping them out to dealers. But this good news may be short lived. A spokeswoman for the EPA told Automotive News that the 2018 models have yet to be certified. Source: Automotive News (Subscription Required)
  17. 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
  18. 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
  19. Ever since the rumor of a Chinese automaker possibly buying Fiat Chrysler Automobiles came to light last week, the various Chinese brands have been saying 'not us'. It seemed no one was interested in taking FCA to the dance, or wanted to admit it out loud. That changed today as Great Wall Motor revealed to Automotive News that it was interested in buying FCA, well part of it. Great Wall President Wang Fengying wrote in an email to Automotive News that the company is intending to buy Jeep and is "connecting with FCA" to possibly begin negotiations. Xu Hui, a spokesman for Great Wall said in a follow-up email that the company "has indirectly expressed interest in Jeep but has not yet made a formal offer or met with FCA's board." A statement from FCA says that it has not been contacted by Great Wall about Jeep or any other business matter. It doesn't come as a big surprise that Great Wall is only interested Jeep. The brand is seen by many as being the crown jewel of FCA due to its reputation of being a go-anywhere SUV. Analysts believe the brand on its own is worth more than FCA as a whole. Morgan Stanley analyst Adam Jonas estimated last week that Jeep has a value of $33.5 billion vs. the $32 billion for FCA. If Great Wall was to purchase Jeep, what would they do with it? "Our strategic goal is to become the world's largest SUV maker. Acquiring Jeep, a global SUV brand, would enable us to achieve our goal sooner and better" than Great Wall could do with its own brands, said Hui. Great Wall has an r&d center in Los Angeles and has just set up another one in Detroit this year to learn more about the U.S. market. The big question is will FCA be willing to part with Jeep or require Great Wall to buy most of FCA. Source: Automotive News (Subscription Required) View full article
  20. Ever since the rumor of a Chinese automaker possibly buying Fiat Chrysler Automobiles came to light last week, the various Chinese brands have been saying 'not us'. It seemed no one was interested in taking FCA to the dance, or wanted to admit it out loud. That changed today as Great Wall Motor revealed to Automotive News that it was interested in buying FCA, well part of it. Great Wall President Wang Fengying wrote in an email to Automotive News that the company is intending to buy Jeep and is "connecting with FCA" to possibly begin negotiations. Xu Hui, a spokesman for Great Wall said in a follow-up email that the company "has indirectly expressed interest in Jeep but has not yet made a formal offer or met with FCA's board." A statement from FCA says that it has not been contacted by Great Wall about Jeep or any other business matter. It doesn't come as a big surprise that Great Wall is only interested Jeep. The brand is seen by many as being the crown jewel of FCA due to its reputation of being a go-anywhere SUV. Analysts believe the brand on its own is worth more than FCA as a whole. Morgan Stanley analyst Adam Jonas estimated last week that Jeep has a value of $33.5 billion vs. the $32 billion for FCA. If Great Wall was to purchase Jeep, what would they do with it? "Our strategic goal is to become the world's largest SUV maker. Acquiring Jeep, a global SUV brand, would enable us to achieve our goal sooner and better" than Great Wall could do with its own brands, said Hui. Great Wall has an r&d center in Los Angeles and has just set up another one in Detroit this year to learn more about the U.S. market. The big question is will FCA be willing to part with Jeep or require Great Wall to buy most of FCA. Source: Automotive News (Subscription Required)
  21. 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
  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
  23. Monday saw a major bombshell report come out stating that multiple Chinese automakers were considering buying Fiat Chrysler Automobiles. In fact, a well-known automaker put out a bid earlier this month, which was subsequently turned down. Today, one of the Chinese automakers rumored to buy FCA said they did place an offer on the table. According to Reuters, Geely Automobile’s executive director Gui Shengyue rebutted claims that his company was the one to place the bid. "We don't have such plan at the moment," said Shengyue. He would go on to say that "a foreign acquisition would be complicated," but did not elaborate. Sources tell the news service some of the complications would deal with the current political climate in the U.S. and regulations. Geely and FCA held initial talks late last year according to a source, without going into detail what the talks dealt with. The source goes on to say that Geely is no longer interested in FCA, noting that the company had purchased a significant stake into Malaysian automaker Proton a few months ago. That possibly leaves three automakers that we know of in the running - Dongfeng, Great Wall, and Guangzhou. Source: Automotive News (Subscription Required), Reuters View full article
  24. Monday saw a major bombshell report come out stating that multiple Chinese automakers were considering buying Fiat Chrysler Automobiles. In fact, a well-known automaker put out a bid earlier this month, which was subsequently turned down. Today, one of the Chinese automakers rumored to buy FCA said they did place an offer on the table. According to Reuters, Geely Automobile’s executive director Gui Shengyue rebutted claims that his company was the one to place the bid. "We don't have such plan at the moment," said Shengyue. He would go on to say that "a foreign acquisition would be complicated," but did not elaborate. Sources tell the news service some of the complications would deal with the current political climate in the U.S. and regulations. Geely and FCA held initial talks late last year according to a source, without going into detail what the talks dealt with. The source goes on to say that Geely is no longer interested in FCA, noting that the company had purchased a significant stake into Malaysian automaker Proton a few months ago. That possibly leaves three automakers that we know of in the running - Dongfeng, Great Wall, and Guangzhou. Source: Automotive News (Subscription Required), Reuters
  25. Fiat Chrysler Automobiles' CEO Sergio Marchionne made a surprise announcement during the company's second-quarter earnings calls last week. The company is planning to have more than half of its lineup to have electrified powertrains by 2022. Leading the charge will be Maserati which will offer some sort of electrified powertrain (hybrid and electric-only). What caused Marchionne, a person who hasn't been a fan of electric vehicles for quite a while, to change his tune? A lot of it has to do the various emission scandals on diesel vehicles. "What has really made the issue absolutely mandatory now is the fate of diesel … especially in Europe. Some type of electrification on gas engines is inevitable," said Marchionne. Also, the announcement of some European countries announcing bans of gas and diesel vehicles in the coming years caused a change of heart for FCA. “We [FCA] have been reluctant to embrace that avenue until we saw clearer the path forward," said Marchionne. There are issues for FCA's electrified future as the variable production costs for various components (batteries, electric motors, etc) will not come down quickly. To shoulder these costs, Maserati will take the lead on this initiative. "When it completes the development of its next two models, it will effectively switch all of its portfolio to electrification," said Marchionne. "It's an integral part of the development of all of the group." Source: Automotive News (Subscription Required), Autocar View full article

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