December 12, 2019 , Auburn Hills, Mich. – FCA is leveraging its technological, engineering and management talent by establishing a streamlined product development organization with central leadership and a global footprint. The new organization will be led by FCA’s Chief Technical Officer Harald Wester. “The industry has never experienced technological change at the pace we are… Continue reading @FCA: FCA’s New Global Product Development Organization Will Unleash Speed-to-Market and Technological Innovation
Tag: FCA
Press Releases – Michael Manley of FCA elected ACEA President for 2020
Brussels, 12 December 2019 – The Board of Directors of the European Automobile Manufacturers’ Association (ACEA) has elected Michael Manley, CEO of Fiat Chrysler Automobiles (FCA), as its new President. As of January 2020, Mr Manley will take over from Carlos Tavares, Chairman of the Managing Board of PSA Group, who served as ACEA President… Continue reading Press Releases – Michael Manley of FCA elected ACEA President for 2020
FCA’s New Global Product Development Organization Will Unleash Speed-to-Market and Technological Innovation
AUBURN HILLS, Mich., Dec. 12, 2019 /PRNewswire/ — Establishes unified product development organization sustained by three strategic activities – core engineering competencies responsible for addressing key technology opportunities; transversal program management and execution; and support for program delivery and management of decoupled activities Streamlined organization to enable optimal workload balancing Better positions FCA to continue… Continue reading FCA’s New Global Product Development Organization Will Unleash Speed-to-Market and Technological Innovation
@Ferrari: Ferrari N.V. signs a new syndicated revolving credit facility
Maranello (Italy), 12 December 2019 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that it has signed on 11 December a Euro 350 million unsecured committed revolving credit facility, intended for general corporate and working capital purposes (the “New RCF”). The New RCF, entered into with a group of twelve banks, has a… Continue reading @Ferrari: Ferrari N.V. signs a new syndicated revolving credit facility
Auto workers OK labor deal at Fiat Chrysler
New York (CNN Business)Auto workers at Fiat Chrysler have ratified a new four-year contract, closing the door on the possibility of another strike like the one that shut down rival General Motors for six weeks.Fiat Chrysler (FCAU) made far greater use of those relatively new hires and their lower pay scale than its rivals did, giving the company a competitive cost advantage over GM (GM) and Ford (F).The 40-day walkout at GM earlier this fall cost the automaker an estimated $2.9 billion, but despite inflicting those costs on GM the strikers did not convince the automaker to drop plans to close three US factories.
UAW workers ratify labor contract with Fiat Chrysler; bargaining ends for 2019
CLOSE Fiat Chrysler Automobiles workers have approved a new four-year labor contract, officially bring to a close 2019 contract bargaining between the UAW and Detroit Three. (Photo: Kimberly P. Mitchell, Detroit Free Press) Fiat Chrysler Automobiles workers have a new labor contract. Almost five months after talks officially launched with ceremonial handshakes between the UAW… Continue reading UAW workers ratify labor contract with Fiat Chrysler; bargaining ends for 2019
Lawyer: GM suit against FCA will cost automakers hundreds of thousands of dollars
CLOSE Lawyer Bruce Sendek has been around a long time, including a four-year stint with General Motors’ corporate counsel in the late 1970s and early ’80s. But he’s never seen anything like GM’s lawsuit against crosstown rival Fiat Chrysler Automobiles. Sendek had a lot of questions, that started at word one — literally. “I do not necessarily accept on face… Continue reading Lawyer: GM suit against FCA will cost automakers hundreds of thousands of dollars
@FCA: New UAW-FCA Collective Bargaining Agreement Expands Commitment to U.S. Manufacturing Operations With Investment and Jobs
December 11, 2019 , Auburn Hills, Mich. – FCA confirmed today that its UAW-represented workforce has ratified a new four-year collective bargaining agreement that builds on the Company’s commitment to grow its U.S. manufacturing operations by providing for total investments of $9 billion and the creation of 7,900 new or secured jobs. “We wouldn’t be the… Continue reading @FCA: New UAW-FCA Collective Bargaining Agreement Expands Commitment to U.S. Manufacturing Operations With Investment and Jobs
Fiat Chrysler’s UAW members ratify new four-year contract
DETROIT (Reuters) – The United Auto Workers (UAW) union said on Wednesday that rank-and-file members at Fiat Chrysler Automobiles NV (FCHA.MI) have voted in favor of a new four-year labor contract with the automaker, helping the Italian-American firm avoid a strike as it works to merge with France’s Groupe PSA (PEUP.PA). FILE PHOTO: A Fiat… Continue reading Fiat Chrysler’s UAW members ratify new four-year contract
New UAW-FCA Collective Bargaining Agreement Expands Commitment to U.S. Manufacturing Operations With Investment and Jobs
AUBURN HILLS, Mich., Dec. 11, 2019 /PRNewswire/ — New agreement builds on Company’s success with $9 billion in investment and creates 7,900 new or secured jobs FCA has created more UAW-represented jobs than any other OEM and exceeded investment commitments since 2015 agreement FCA confirmed today that its UAW-represented workforce has ratified a new four-year… Continue reading New UAW-FCA Collective Bargaining Agreement Expands Commitment to U.S. Manufacturing Operations With Investment and Jobs