Tag: FCA

Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end

TURIN/PARIS (Reuters) – Fiat Chrysler (FCA) on Thursday brushed off a shock lawsuit from General Motors (GM) and said it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the world’s fourth largest carmaker. FILE PHOTO: The logos of car manufacturers Fiat and… Continue reading Fiat Chrysler brushes off GM lawsuit, sees Peugeot deal by year end

Faurecia and Michelin formalize their joint venture and aim to create a world leader in hydrogen mobility

Faurecia and Michelin formalize their joint venture and aim to create a world leader in hydrogen mobility Built around a unique ecosystem, this joint venture is tasked with developing, producing and marketing hydrogen fuel cell systems for light vehicles, commercial vehicles and trucks as well as for other areas of electromobility. A joint venture built… Continue reading Faurecia and Michelin formalize their joint venture and aim to create a world leader in hydrogen mobility

Fiat Chrysler chairman sees Peugeot deal finalised by year-end

TURIN, Italy, Nov 21 (Reuters) – Fiat Chrysler Chairman John Elkann said on Thursday he was confident the group would finalise its tie-up with Peugeot owner PSA this year and dismissed concerns about a lawsuit launched by rival General Motors. “Judging from how both the FCA and PSA teams are working, I’m confident in saying… Continue reading Fiat Chrysler chairman sees Peugeot deal finalised by year-end

China Automotive Systems Nominated as Best Supplier by Fiat Chrysler Automobile

WUHAN, China, Nov. 21, 2019 /PRNewswire/ — China Automotive Systems, Inc. (Nasdaq: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced its Henglong Brazil subsidiary has been nominated as a one of three CHASSIS finalist for South America’s 2018 Best Supplier by Fiat Chrysler Automobiles N.V. (FCA). CAAS started its… Continue reading China Automotive Systems Nominated as Best Supplier by Fiat Chrysler Automobile

John Elkann, “By the end of the year the memorandum for the merger of FCA with Psa”

“We are working hard and relations with Peugeot have always been very good. I believe that by the end of the year we will reach the memorandum, even if it remains to be studied how the two families will find themselves in the new society, but it is beyond doubt the willingness on the part… Continue reading John Elkann, “By the end of the year the memorandum for the merger of FCA with Psa”

@FCA: Statement: Fuel Pump Relay

Statement: Fuel Pump Relay November 21, 2019 , Auburn Hills, Mich. – FCA US LLC is recalling an estimated 528,594 SUVs in the U.S. to help ensure the integrity of an electrical connection. Feedback from FCA dealers led to an FCA investigation that discovered silicon deposits on the contact points of certain fuel pump relays may interrupt… Continue reading @FCA: Statement: Fuel Pump Relay

GM lawsuit won’t torpedo Fiat Chrysler merger with Peugeot: source

MILAN/PARIS (Reuters) – Fiat Chrysler’s (FCA) planned $50 billion merger with Peugeot owner PSA Group will not be blown off course by a shock lawsuit against FCA from General Motors, a source close to FCA said on Thursday. FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of… Continue reading GM lawsuit won’t torpedo Fiat Chrysler merger with Peugeot: source

Fiat Chrysler says Peugeot talks progressing despite GM lawsuit

FRANKFURT, Nov 21 (Reuters) – Fiat Chrysler on Thursday said its talks with Peugeot to create the fourth-largest carmaker are going well, despite a racketeering lawsuit filed by General Motors late on Wednesday, seeking “substantial damages.” GM filed a lawsuit against Fiat Chrysler alleging that its rival bribed United Auto Workers (UAW) union officials over… Continue reading Fiat Chrysler says Peugeot talks progressing despite GM lawsuit

UAW President Gary Jones resigning as board moves to oust him and Director Vance Pearson

CLOSE UAW president Gary Jones marched with Union workers in the Labor Day parade down Michigan Ave. Monday September 2, 2019 in Detroit, Mich.  (Photo: Kirthmon F. Dozier, Detroit Free Press) Disgraced UAW President Gary Jones is resigning his position as the union moves to oust him and one of the union’s regional directors in the fallout… Continue reading UAW President Gary Jones resigning as board moves to oust him and Director Vance Pearson