BALOCCO, Italy (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) wants to set up its own car financing business in the United States under a new five-year plan and is in talks with Santander Consumer USA (SCUSA) (SC.N) to buy its share in their joint venture. Fiat Chrysler Automobiles logo is seen on a panel at the… Continue reading FCA in talks with Santander Consumer USA over car financing JV
Tag: FCA
FCA Canada Reports Second Best Ram Pickup Month Ever
FCA Canada today reported sales of 28,193 vehicles, a 15 per cent decrease compared with the Company’s highest monthly sales ever, reported in May 2017 of 33,186.
Leading Fiat Out of the Desert
Sergio Marchionne once defined his mission at Fiat Chrysler Automobiles NV — a company formed via the unlikely union of two hobbled automotive also-rans — in almost biblical terms. “We need to be able to cross the desert,” the CEO told investors in 2016 as he looked at the technological revolution facing the industry. “We… Continue reading Leading Fiat Out of the Desert
Fiat Chrysler aims to double profits, pay dividends in new plan
BALOCCO, Italy (Reuters) – Fiat Chrysler expects to at least double adjusted operating profits and return to an investment grade rating and dividends under a new plan to 2022, helped by strong growth from its Jeep SUV brand and an expansions of its premium product portfolio. FILE PHOTO: Fiat Chrysler Automobiles’ (FCA) U.S. headquarters is… Continue reading Fiat Chrysler aims to double profits, pay dividends in new plan
UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) Sergio Marchionne laid out his final strategic vision as chief executive on Friday with a focus on sport utility vehicles and a 9 billion euro ($10.5 billion)investment plan for electric and hybrid cars. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car dealership in New Jersey,… Continue reading UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
Fiat Chrysler reports 11 pct jump in US May auto sales
June 1 (Reuters) – Fiat Chrysler Automobiles said U.S. sales in May climbed 11 percent to 214,294, on the strength of retail deliveries to individual customers. The automaker, the first to report U.S. May vehicle sales, said retail deliveries of 167,785 were the highest since July 2005. May sales for the industry were expected to… Continue reading Fiat Chrysler reports 11 pct jump in US May auto sales
FCA US Reports May 2018 Sales
FCA US LLC today reported sales of 214,294 vehicles in May 2018, an 11 percent increase compared with sales of 193,040 vehicles in May 2017.
FCA to Develop Captive Financial Services Company in U.S.
Fiat Chrysler Automobiles N.V. announced today it intends to establish a captive financial services arm to provide U.S. consumers with more options to finance vehicle purchases while supporting the Company’s sales volumes and bolstering its earnings.
Maserati’s Plans to Speed Past Tesla
LISTEN TO ARTICLE SHARE THIS ARTICLE Maserati isn’t even trying to hide its ambitions — it’s out to get Tesla. Its weapon of choice: the full-electric Alfieri sportscar, with a top speed exceeding 186 miles per hour (about 300 km/h) and an acceleration from zero to 62 mph in less than two seconds. By comparison,… Continue reading Maserati’s Plans to Speed Past Tesla
Jeep confirms new entry-level model to sit below Renegade
A new small Jeep model to sit below the Renegade has been confirmed by brand CEO Mike Manley. The compact-sized Jeep will launch by 2022 and will become the entry point into the Jeep range. It will be priced below the Renegade, suggesting a starting price of around £15,000. The confirmation of the model, which was scooped… Continue reading Jeep confirms new entry-level model to sit below Renegade