Archive for the ‘Chrysler’ Category

Product Launches Hammer FCA’s Q1 Earnings

But Ram pickup sales provide a cushion.

by on May.03, 2019

CEO Mike Manley needs to prove he can maintain the pace set by his former boss, Sergio Marchionne.

Fiat Chrysler Automobiles reported profits dropped 41% in the first quarter as a slump in sales in key markets cut the company’s revenues by 5 percent.

The automaker attributed the decline to the normal production challenges related to an array of new product launches in North America, as well as pricing pressure in China and South America.

Financial News!

FCA CEO Mike Manley, however, reaffirmed the company’s guidance for the full year. “We expect earnings to grow in the following quarters,” he said as FCA completes the launch of the new Jeep Gladiator and the Ram Heavy Duty pickup truck.

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Nissan Adds Another Nail to Convertible Coffin with Plans to Kill 370Z Roadster

Choice of ragtops growing increasingly thin.

by on May.02, 2019

Nissan will still offer the Z Roadster overseas, but it's dropping the ragtop in the U.S. due to slow sales.

Nissan is pulling the plug on its 370Z Roadster at the end of the 2019 model-year, the Japanese automaker has confirmed, marking the end of one of the brand’s most iconic offerings.

The good news for roadster fans is that the coupe version of the sports car will remain in production indefinitely – which doesn’t mean it will last forever, just that there are no current plans to once again remove it from the line-up.

Product News!

The 370Z Roadster joined the Z Coupe after it was returned to the Nissan family in 2009, part of the automaker’s turnaround program. Its demise comes as automakers rethink their passenger car strategies and, in particular, cull their slow-selling convertible offerings.

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FCA Partnering With Google, Samsung on Connected Car Tech

System will include over-the-air updates and support future autonomous vehicle efforts.

by on Apr.30, 2019

Fiat Chrysler is partnering with Google and Samsung to upgrade its in-car infotainment, including Uconnect.

Fiat Chrysler Automobiles will team up with Google and Samsung in a push to put connected car technology in all of its vehicles by 2022, the automaker announced on Tuesday.

The new system being developed by the three partners will use and update FCA’s current Uconnect system and rely on the Google Android operating system. It will allow the automaker to offer a common system worldwide, rather than an infotainment system that is currently tailored to individual markets.

Business News!

“The modern, in-vehicle experience must be designed for seamless connectivity and digital content, and provide an integrated, but familiar experience for the on-the-go consumer,” said Patrick Brady, vice president of Engineering at Google. (more…)

Waymo to Re-Use Old Detroit Plant to Build New Autonomous Vehicles

Google spin-off to partner with supplier American Axle.

by on Apr.23, 2019

Waymo plans to use a facility on the north side of Detroit to convert Chrysler Pacifica Hybrids and other vehicles for its Waymo One fleet.

A major Silicon Valley tech firm is setting up a base in Detroit, Google spinoff Waymo taking over a plant in the Motor City where it plans to convert vehicles to operate as part of its autonomous ride-sharing service.

Waymo CEO John Krafcik first announced in a blog post Tuesday that the company will lease an unused factory owned by American Axle & Manufacturing on Detroit’s north side. It will be used to convert such vehicles as the Chrysler Pacifica Hybrid minivan that will be a mainstay of the expanding Waymo One ride-sharing service.

Business News!

“There has been a real risk that the shift of the automotive industry could move from Detroit to Silicon Valley, and we’ve been fighting that every step of the way,” Detroit Mayor Michael Duggan said after learning about Waymo’s plans. “I think a major statement was made today in the battle of Detroit and Silicon Valley that a major Silicon Valley company has said the future of vehicles in the city of Detroit.” (more…)

Big Three Group Supports Trump Report on USMCA Benefits

Support comes despite conflicting study from IMF.

by on Apr.19, 2019

A new report from the U.S. Trade Representative says the new USMCA will bring substantial benefits; however, an IMF study suggests otherwise.

Detroit’s automakers are rushing to defend a report from the Trump administration that touts the benefits of the new North American Free Trade Agreement.

The Trump administration report, produced by the United States Trade Representative (USTR), was released Thursday in advance of less than an underwhelming independent government estimate of the economic impact of proposed U.S. Mexico Canada Agreement, or USMCA.

Trade News!

Trump has portrayed the new agreement he negotiated as a replacement for NAFTA as likely to lead to a rush of new investment and jobs in the U.S. and an end to the outsourcing he and others have blamed for a hollowing out of American manufacturing. (more…)

Fiat Chrysler Confidently Pays First-Ever Dividend

Payout marks optimism about rest of 2019 performance.

by on Apr.15, 2019

Fiat Chairman John Elkann told shareholders at the FCA annual meeting that he expected strong results in 2019.

The top executives of Fiat Chrysler Automobile N.V. delivered an upbeat assessment of the company’s future prospects during the company annual shareholder meeting in Amsterdam, agreeing to pay a dividend to shareholders for the first time since Fiat took effective control of the Chrysler Group in 2009 and brought it out of bankruptcy.

In the first shareholders gathering since the death of Sergio Marchionne, FCA’s longtime chief executive, it fell to John Elkann, Fiat’s chairman, to deliver an optimistic forecast for 2019 despite the drop in the company’s business in North America and the slowdown in the sales of Jeep, which has emerged as the company’s principal brand.

Global News!

Elkann, the representative of the founding Agnelli family, which has run Fiat for more than 100 years, told investors the Italo-American group was ready to play a part in the “new and exciting” era for the auto industry. (more…)

UAW Leaders Meet as Prelude to Bargaining With Automakers

Expect tough talks with auto companies.

by on Mar.11, 2019

UAW President Gary Jones will be looking to get feedback from union locals across the country.

The United Auto Workers heads into its bargaining convention this week against tumultuous backdrop that includes suddent plant closing, a grinding federal investigation of the union’s handling of training funds and grumbling among union members, who have made it plain this winter the expect some gains  when the UAW goes to the bargaining table this summer with Detroit’s three automakers.

The resolutions adpted during the meeting will be broad so as not to encumber union bargainers in future negotiations but specific enough to shape the tenor of upcoming  talks not only in the auto industry but also other sectors where the union has members.

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“It is an ideal way to get members from a variety of workplaces and backgrounds together and discuss what is important to their fellow workers, their families and their communities,” UAW President Gary Joines said in a new issue of Solidarity, the union’s magazine. (more…)

Mercedes-Benz Concept EQV is a Near Production-Ready Electric Minivan

Production version to follow during autumn's Frankfurt Motor Show.

by on Mar.05, 2019

The Mercedes Concept EQV combines elements of the V-Class van and the new EQ series.

The Chrysler Pacifica has shown there’s a market for electrified people-movers. Now, Mercedes-Benz is taking things a step further with its Concept EQV.

The all-electric version of its V-Class  is making its debut at this week’s Geneva Motor Show, but a production version of what’s also known as the Mercedes Viano is set to follow next autumn at the Frankfurt Motor Show, the automaker confirmed on Tuesday.

Auto Show News!

“Mercedes-Benz Vans is consistently advancing the electrification of its product portfolio,” said Wilfried Porth, a board member with Mercedes’ parent Daimler AG. “With the Concept EQV, we are now taking the next step. From a daily driver for the family, a leisure-time adventurer or a shuttle vehicle with lounge ambience, the combination of these characteristics with a battery-electric drive mean the Concept EQV is a concept car with a future.”

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First Drive: 2019 Chrysler Pacifica Hybrid Limited

Plenty of comfort and convenience with great fuel economy.

by on Feb.21, 2019

The 2019 Chrysler Pacifica Hybrid Limited features the S appearance package with blacked out wheels and other updates to make it appealing to men.

Minivans were invented by the old Chrysler Corp. back in the early 1980s and through the company’s various transitions and permeations have been a mainstay in its product portfolio ever since the Reagan years.

Facing stiffer fuel-economy and emission regulations, Fiat Chrysler Automobiles N.V. has brought on a hybrid version that has all the advantages that have made of the traditional minivan a practical choice for families or anyone that needs to carry multiple passengers of all ages to a destination in comfort and with minimal fuss.

Reviews You Can Use!

The sliding doors on the 2019 Chrysler Pacifica Hybrid remain as practical as ever for dropping children off for school while changes to the powertrain have given it greater range and fuel economy FCA also has loaded up with the latest technology, including the ability to connect multiple devices to the Internet and useful driver-assistance features such as blind spot detection that help justify its $50,375 price tag, which includes the $1,395 destination charge. (more…)

FCA Hourly Employees Getting $6K Profit-Sharing Checks

Fiat Chrysler employees have taken home $29K since 2009.

by on Feb.07, 2019

Fiat Chrysler's hourly employees will received $6,000 profit-sharing checks.

Hourly employees of Fiat Chrysler Automobiles N.V. will collect $6,000 from the FCA-United Auto Workers profit-sharing plan next month, the automaker announced after releasing its fourth quarter financial reports.

Based on the company’s 2018 financial performance, FCA US LLC announced today that it will make average profit-sharing payments to approximately 44,000 employees on March 8, 2019.

News You Can Trust!

With this payment, U.S. hourly employees have received on average more than $29,000 in profit sharing since 2009. (more…)