Archive for the ‘Chrysler’ Category

FCA Set to Open New SUV Plant in Detroit

Move would come as GM prepares to idle three plants.

by on Dec.06, 2018

The converted engine plant will produce a three-row version of the Jeep Grand Cherokee.

Fiat Chrysler Automobiles plans to open a new assembly plant in Detroit to expand its capacity to produce hot-selling sport-utility vehicles, according to several reports.

The automaker has yet to confirm that it will completely retool an old engine plant on Detroit’s east side, but company officials have, in recent months, indicated that they are strained to the limits of capacity at their existing light truck plants.

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The news comes at an awkward time for FCA’s largest domestic rival, General Motors. GM’s CEO Mary Barra on Thursday spent a second day in Washington trying to minimize criticism of the automaker’s plan to close three assembly plants building slow-selling passenger car models like the Chevrolet Cruze. That would leave what has long been known as the Motor City with only one working assembly plant within its borders, at least unless and until the new FCA truck plant were to come online.

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Waymo Kicks Off Autonomous Taxi and Ride Sharing Service

Autonomous service starts in Phoenix.

by on Dec.05, 2018

This scene may become more common as Waymo One kicks off service in Arizona.

Self-driving ride-sharing service is here. Well, it’s in Arizona, technically, but the day that Uber, Lyft and others have waiting for has arrived with the debut of Waymo One, Waymo’s autonomous taxi and ride-sharing service.

The service operates in a 100-square-mile zone covering four Phoenix suburbs: Chandler, Tempe, Mesa and Gilbert. The company has been testing its vehicles in the area since 2016, including offering free rides earlier this year to generate some goodwill for autonomous vehicles.

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“Over time, we hope to make Waymo One available to even more members of the public,” John Krafcik, Waymo’s CEO wrote in a blog post. “Self-driving technology is new to many, so we’re proceeding carefully.” (more…)

Daimler, Bosch Partner as Latest to Offer Self-Driving Ride-Sharing Service

Pilot set to launch in San Jose in late 2019.

by on Nov.09, 2018

Daimler and Bosch will led pilot users ride in comfort, in modified Mercedes-Benz S-Class sedans.

Daimler AG, the parent of Mercedes-Benz, has announced plans to launch an autonomous ride-sharing pilot program in San Jose, California starting late next year.

The carmaker, along with one of its lead technology suppliers, becomes the latest to enter a space that is expected to account for a significant share of the miles Americans clock on the roads each year by the end of the next decade. Waymo, the Google spin-off, is set to transition its own pilot program to a commercial venture this year, while General Motors is looking to launch a similar service.

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“The pilot project is an opportunity to explore how autonomous vehicles can help us better meet future transportation needs,” said San Jose Mayor Sam Liccardo.

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More UAW, FCA Officials Sentenced in Bribery Scandal

Borman declared no leniency for defendants.

by on Nov.07, 2018

The UAW long tried to maintain a squeaky clean reputation, but the scandal has sorely tarnished its image.

Two former Fiat Chrysler Automobile N.V. officials and one former leader of the United Auto Workers have been sentenced to prison terms, ranging from 12 months to 15 months, for their part in a conspiracy to violate federal labor law.

The sentences imposed on FCA’s Michael Brown and Jerome Durden as well as the UAW’s Keith Mickens come more than two years after the federal government announced indictments triggered by a scheme in which FCA officials used subterfuge to bribe union officials in a bid to secure labor peace.

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Former FCA Vice President Alphons Iacobelli, a central figure in the case, was sentenced to five and a half years in a federal prison, while Monica Morgan, the widow of former UAW VP General Holiefield, one of the central figures in the scheme, was sentenced to 18 months prison earlier this year after pleading guilty to federal tax charges.

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Fiat Chrysler’s Q3 Profits Dinged Due to Diesel Emission Charges

Record earnings before diesel issue may mean dividend payment.

by on Oct.30, 2018

Fiat Chrysler's third quarter earnings were hurt by charges tied to possible diesel emissions violations.

Fiat Chrysler Automobiles net income dropped 38% during the third quarter despite record adjusted earnings before interest and taxes of 2 billion euros, or $2.27 billion, opening the door for the company to pay its first dividend since it was re-organized in 2014.

However, net profit decline 38% to 600 million euros, or $681.16 million, including a 700 million charge related to U.S. diesel emissions matters. FCA is now under investigation by U.S. Department of Justice for the company’s failure to disclose software on about 104,000 diesel-powered pickups and SUVs that regulators said could be similar to the “defeat devices” Volkswagen AG used to cheat emissions-testing on millions of its diesel-powered vehicles.

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FCA’s worldwide shipments increased by 3% and net revenue grew by 9% to 28.8 billion euros during the quarter. Despite cost of the diesel penalties, FCA’s adjusted EBIT in the North America region grew by 51% with margin at 10.2%, according to the financial information released by the company. (more…)

Consumer Reports: Domestic Vehicle Reliability Slipping

Domestic brands struggled in this year's survey.

by on Oct.25, 2018

Toyota and its luxury sibling topped this year's Consumer Reports reliability survey of 29 brands.

Toyota and Lexus came out on top in Consumer Reports annual reliability survey thanks in large part to a cautious approach to adapting to new technology.

However, the Toyota Tundra, the automaker’s entry into the full-size truck segment, slipped off Consumer Reports list of recommended vehicles, Jake Fisher, Consumer Reports director of automotive testing, disclosed during a meeting of Detroit’s Automotive Press Association.

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Fisher said overall it was a difficult year for domestic brands as Buick, Chevrolet, Cadillac and Chrysler were among the brands that dropped in the Consumer Report’s new car reliability survey. Honda, which performed well in earlier years, also has slipped, he said.  (more…)

Fiat Chrysler Chief Manley Shuffles Executive Team

Gorlier takes over supervision of European operations.

by on Oct.01, 2018

FCA CEO Mike Manley handed out new assignments to his executive team including naming Pietro Gorlier to COO with oversight of European operations.

After just about six weeks as CEO, Fiat Chrysler’s Mike Manley has shuffled the company’s top managers to his liking, with one appointment in particular drawing attention.

He announced the changes in an email sent to employees.

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“The next five years will continue to be extremely challenging for our industry, with tougher regulations, intense competition and probably slower industry growth around the world,” he wrote.  (more…)

Marchionne Memorialized in Turin

“Life doesn’t stop.”

by on Sep.14, 2018

FCA Chairman John Elkann, (c), is shown entering the Turin Cathedral for the Marchionne memorial.

An overflow crowd filled the Turin Cathedral on Friday morning marking the first of two planned memorials for Sergio Marchionne, the CEO of Fiat Chrysler Automobiles who died unexpectedly at the age of 66 nearly two months ago.

The ceremony brought out a mix of political and industrial elites, including FCA Chairman John Elkann and two former Italian prime ministers, as well as company workers and many local residents, according to Italian news reports.

Insight!

“Never take a break or a deep breath because life doesn’t stop,” said Elkann, the heir to the founders of the Fiat side of FCA, recalling Marchionne’s always-on-the-go work ethic.

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Lexus, Volvo Tie for Top Spot in New Brand Survey

Overall, consumers slightly happier with ownership experience.

by on Aug.30, 2018

Volvo tied with Lexus for the top brand honors in the latest ACSI survey, receiving its highest score ever.

Vehicle owners in the U.S. are slightly happier with their ownership experience this year than last year, according to the latest American Customer Satisfaction Index.

The index, which is the result of surveys of car owners on their overall service and product experience with specific auto brands, creates a score between 1 to 100. According to the latest edition, the industry-wide score for 2018 is 82, up from 81 in 2017.

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“Car owners are often highly satisfied—they’ve kicked the tires enough times that they’re happy with their decision when they buy,” said David VanAmburg, managing director at ACSI.  (more…)

Toyota Investing $500 Mil in Uber, Will Aid in Autonomous Vehicle Efforts

Move could help ride-sharing service in anticipated IPO plan.

by on Aug.28, 2018

Dara Khosrowshahi, Uber’s CEO and Toyota EVP Shigeki Tomoyama shake over their new alliance.

Toyota confirmed  reports it will invest $500 million in Uber and partner with the nation’s largest ride-sharing service on the development of the autonomous and fully driverless vehicles Uber believes will slash its costs and make it a viable alternative to personal vehicle ownership.

The announcement comes barely a week after Uber wrapped up its search for a new chief financial officer, something that, along with the new Toyota alliance, could help move closer to a widely anticipated IPO. The Japanese maker’s investment puts a value of $72 million on Uber.

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“This agreement and investment marks an important milestone in our transformation to a mobility company,” said Shigeki Tomoyama, executive vice president, TMC, and president, Toyota Connected Company. “Combining efforts with Uber, one of the predominant global ride-sharing and automated driving R&D companies, could further advance future mobility.”

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