“As we had already stated for months, after the agreement, also signed by Fiom, of April 2018 which defined a training plan from September (month of termination of the CS) from which Mirafiori was without social safety nets, in December of this ‘year. Then with the planned meeting of 29 November and the allocation of… Continue reading FCA, redundancy fund for reorganization at Mirafiori
Tag: FCA
Top Automotive Industry News for Week of October 22 – October 28, 2018
Here is the most important news associated with the automotive industry
identified by the AEA for the week October 22, 2018 – October 28, 2018.
We hope it helps you stay up to speed on the key developments in our
industry:
-Automotive Manufacturing News-
Consumer Reports: Tesla's reliability tumbles to near the bottom in
latest survey
(USA Today)
Dyson vacuum cleaner company to build electric vehicle factory in
Singapore
(USA Today)
Eight Essential Questions For GM’s Mary Barra
(Forbes)
Feds defend voluntary robot car regulations
(The Detroit News)
Fiat Chrysler's Manley makes mark with $7B deal to sell Magneti Marelli
(Detroit Free Press)
Ford CEO says restructuring is 'a massive undertaking' that must be
'very thoughtfully orchestrated'
(CNBC)
Ford hires new China chief to tackle daunting turnaround task
(Reuters)
Ford seeks to allay dealers’ worries with ‘comeback story
(The Detroit News)
Ford shares jump after strong truck sales help third-quarter results
beat expectations
(CNBC)
Ford talks with VW to help reverse losses overseas
(The Detroit News)
GM Calls For National Electric Vehicle Policy, Says EVs Should Be 25%
Of All New Cars By 2030
(Forbes)
GM earnings: No. 1 U.S. auto maker needs to show it has a strategy to
boost ailing share price
(MarketWatch)
Here Are The Most- And Least-Reliable Rides On The Road For 2019
(Forbes)
Hyundai Motor posts big profit miss on U.S. recalls; shares dive
(Reuters)
Losing Money, Ford Shakes Up Struggling Chinese Operations, Appoints
New CEO
(The Detroit Bureau)
Report: FBI conducting criminal investigation into Tesla
(The Detroit News)
Smart brand might be doomed
(autoblog)
Tesla's Elon Musk made four big assertions — with asterisks
(LA Times)
Tesla Makes Good On Elon Musk’s Promise As Model 3 Drives $312 Million
Profit
(CNBC)
Tesla says has not received subpoena on Model 3 production
(Reuters)
The giant trucks Chevy, Ford, Ram really want to sell
(Detroit Free Press)
Which new technologies make vehicles unreliable?
(Detroit Free Press)
-Automotive Evolution News-
18 Automotive Startups and Their Chances of Survival
(Car and Driver)
Apple Files Patent Linked to AV Driving
(The Detroit Bureau)
Driverless Cars May Increase Cases Of Motion Sickness
(Forbes)
How Jaguar Land Rover Is Getting Ready For The 4th Industrial
Revolution: AI and Autonomous Cars
(Forbes)
GM’s multibillion-dollar driverless car gamble hits some bumps
(autoblog)
Tesla 'obviously' plans to take on Uber and Lyft, says CEO Elon Musk
(CNBC)
Waymo is testing what it should charge for its robotaxi service
(TechCrunch)
-Automotive Retail News-
Auto classified industry veterans roll out new dealer advertising
platform
(Auto Remarketing)
DAS Releases Dealer Social Media Study
(Auto Dealer Monthly)
Edmunds: Used-car sales this month look a lot like September's
(Auto Remarketing)
New Vehicle Sales Expected to Cool in October
(The Detroit Bureau)
Survey: Many Dealers Unaware of NCFC Tax Concerns
(Auto Dealer Monthly)
-Automotive Wholesale News-
Typical October wholesale price movements take hold
(Auto Remarketing)
Used Values Returning to Normal Levels
(Vehicle Remarketing)
-Automotive Enthusiast News-
30 fun and useful car gifts auto enthusiasts will love — according to a
car collector
(Business Insider)
-Automotive Servicing News-
AAA: Enhanced Safety Enhances Repair Costs
(Auto Dealer Monthly)
BMW expands recall to 1.6 million vehicles worldwide over fire risk
(USA Today)
Ford recalls 1.5 million Ford Focus cars that could stall with fuel
tank problem
(USA Today)
Mitsubishi, Dealer-FX launch digital service platform for dealers
(Auto Remarketing)
-General Business & Executive News-
Cox: Mobility Will Reduce Dealership Count
(Auto Dealer Monthly)
Rate hikes are already squeezing these businesses
(CNN)
TIME And Ally Financial Honor Auto Dealers
(PR Newswire)
-AEA Reminder-
Did we miss something? Let us know via our
Contact Us Page >>
. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your
PR Distribution Request >>
Have a great week,
Member Services
memberservices@automotiveexecutives.com
Automotive Executives Association
www.automotiveexecutives.com
Fiat Chrysler to spend $5.7B to revamp Italy car plants
Fiat Chrysler to spend $5.7B to revamp Italy car plantsFiat Chrysler Automobiles NV will spend 5 billion euros ($5.7 billion) through 2022 on the carmaker’s factories in Italy, stepping up the pace on making more in-demand sport utility vehicles and electric cars, people familiar with the plans said.
The increased outlay will finance Fiat’s plan to build a compact Alfa Romeo SUV at the Pomigliano plant, hometown of Italy Deputy Premier Luigi Di Maio, and a battery-powered Fiat 500 in Turin’s Mirafiori factory, the people said, declining to be named because the information isn’t public. The manufacturer’s Italian sites for years have struggled to run at full capacity, raising costs.
In addition, a second model under the Jeep brand will be manufactured in southern Italy to tap into burgeoning demand for SUVs. The investment will allocate more than 11 percent of Fiat’s average 8.7 billion-euro global expenditure through 2022 on product overhauls and electric cars to Italy.
A spokesman for Fiat declined to comment.
The Italian-American carmaker’s plans for Italy, set to be officially announced later Thursday, comes as the company grapples with an increasingly lopsided business that saw North America account for some 97 percent of profit during the third quarter. Earlier this week, General Motors Co. said it’s shuttering seven factories globally and shedding more than 14,000 jobs to cut unprofitable models and juggle unprecedented spending on new technologies with an uncertain payoff.
Fiat will keep all Italian factories open, the people said earlier. A third pillar of Fiat’s plan adds the compact Jeep Compass SUV to be made alongside the Renegade and the Fiat 500X in Melfi, southern Italy, they said. Deliveries for the brand surged 61 percent in the year through October in Europe, contrasting with a decline of 2 percent for the group.
Read or Share this story: https://www.detroitnews.com/story/business/autos/chrysler/2018/11/29/fiat-revamp-italy-car-plants/38637713/
UPDATE 2-Fiat Chrysler to spend 5 bln euros in Italy to fill plants, keep jobs
TURIN, Italy (Reuters) – Fiat Chrysler plans to spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy over the next three years to try to make better use of factories and boost jobs and margins. File photo: A Fiat Chrysler assembly worker works on the interior of a partially… Continue reading UPDATE 2-Fiat Chrysler to spend 5 bln euros in Italy to fill plants, keep jobs
UPDATE 1-Fiat Chrysler to spend 5 bln euros on new models, engines in Italy
File photo: A Fiat Chrysler assembly worker works on the interior of a partially assembled minivan at the Windsor Assembly Plant in Windsor, Ontario, February 9, 2015. REUTERS/Rebecca Cook TURIN, Italy (Reuters) – Fiat Chrysler pledged on Thursday to spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy over… Continue reading UPDATE 1-Fiat Chrysler to spend 5 bln euros on new models, engines in Italy
Top Automotive Industry News for Week of October 29 – November 4, 2018
Here is the most important news associated with the automotive industry
identified by the AEA for the week October 29, 2018 -November 4, 2018.
We hope it helps you stay up to speed on the key developments in our
industry:
-Automotive Manufacturing News-
Every Mid-Size Luxury Crossover and SUV Ranked from Worst to Best
(Car and Driver)
Faraday Future's Rough Road: Funds Sought As Cofounders Depart, Workers
Furloughed
(Forbes)
Ford could provide a 40% return in the year ahead as restructuring
takes hold, Goldman says
(CNBC)
GM memo: We must cut costs, can't wait to see what happens in industry
(Detroit Free Press)
GM Throws Weight Behind Nationwide Electric-Car Quota
(Cars.com)
GM to offer buyout to some workers in cost-cutting move: DJ
(CNBC)
Jaguar Land Rover undergoes $3.2 billion turnaround plan as sales slump
(autoblog)
Tesla electric vehicles will park themselves in 2019, Elon Musk says
(USA Today)
Tesla’s third-largest shareholder says it’s willing to pump more money
into the company
(CNBC)
The brutal and extreme tests Ram, Ford, Chevy run on trucks
(Detroit Free Press)
US regulators subpoenaed Tesla Model 3 production forecasts, data
(USA Today)
Volvo and Baidu join forces to mass produce self-driving electric cars
in China
(CNBC)
-Automotive Evolution News-
Cadillac cancels its car subscription program after just two years
(autoblog)
Ford, Volkswagen explore driverless venture to challenge Tesla, Waymo
(MarketWatch)
GM is making e-bikes as it expands beyond cars
(autoblog)
Hyundai, Kia Motors to develop new solar charging tech for vehicles
(Reuters)
Uber details why its driverless SUV killed a pedestrian and how it's
working to fix safety problems
(LA Times)
Uber says it's ready to start testing self-driving cars again
(Mashable)
VW and Intel's Mobileye Will Launch Autonomous Ride-Hailing Service In
Israel Next Year
(Forbes)
Waymo Gets California's Okay For Human-Free Driving Tests As Robo-Car
Skepticism Rises
(Forbes)
-Automotive Retail News-
5 hottest-selling U.S. vehicles in October: Tesla, Toyota, Subaru make
the list
(USA Today)
FCA, Honda and VW Lead October Auto Sales
(The Detroit Bureau)
GM Financial: More Loans, Fewer Leases in Q3
(Auto Dealer Monthly)
Luxury car owners trade up for American pickups as Ford, GM and Dodge
trucks dominate market
(CNBC)
New Vehicle Prices Continue to Rise in Fourth Quarter
(The Detroit Bureau)
Rising interest rates and prices hurt October auto sales, with SUVs
still faring better than cars
(USA Today)
Rising interest rates pinch U.S. auto sales, consumer confidence
(Reuters)
Vehicle sales reached 11-month high in October
(MarketWatch)
-Automotive Wholesale News-
Car Depreciation Reaches 10-Month High
(Vehicle Remarketing)
Lane watch: Wintry chill hits wholesale prices
(Auto Remarketing)
-Automotive Ownership News-
A Comfortable Place to Spend 38,000 Hours Behind the Wheel
(The New York Times)
-Automotive Enthusiast News-
140-car collection headed to Mecum’s Las Vegas auction
(ClassicCars)
Here are the most Googled car brands of 2018
(autoblog)
-Automotive Servicing News-
AAA offers free Lyft rides to and from repair shops
(autoblog)
New car safety technology saves lives — but can double the cost of
repairs
(NBC)
Stalling prompts recall of 2019 Jeep Cherokees with 2.4-liter engines
(Detroit Free Press)
Subaru, Toyota recall 165,000 U.S. cars with defect that could lead to
engine stalling
(USA Today)
-General Business & Executive News-
Broadcom makes $1 billion patent claim against Volkswagen: Der Spiegel
(Reuters)
New Autotrader Experience Helps Car Shoppers Accelerate Their Deal, Buy
Faster From The Palm of Their Hands
(PR Newswire)
U.S. Auto Industry's October Surprise
(Forbes)
With $50M investment, AutoNation obtains 7% stake in Vroom
(Auto Remarketing)
-AEA Reminder-
Did we miss something? Let us know via our
Contact Us Page >>
. If you have specific important news going public soon that you would like
to share with your fellow AEA Members, submit your
PR Distribution Request >>
Have a great week,
Member Services
memberservices@automotiveexecutives.com
Automotive Executives Association
www.automotiveexecutives.com
FCA, Gorlier: “Electric and hybrid for all our factories and full employment, a way to celebrate the 70th anniversary of the 500”
“We presented to the trade unions a part of our new industrial and strategic plan, the one concerning the Italian industrial system for the period 2019-2021 and is based on our current market forecast, which predicts a stable trend, but with a decline in 2020 with entry in force of the new rules on emissions… Continue reading FCA, Gorlier: “Electric and hybrid for all our factories and full employment, a way to celebrate the 70th anniversary of the 500”
The trade unions on the FCA plan: “We believe in full employment, even in Mirafiori”
“We were looking forward to this meeting and we received a detail on the 2019-2021 plan and we had confirmation of a very important amount of investments as regards Italy”, is the first comment of the unions at the end of the meeting with the top management FCA and in particular for voice of Rocco… Continue reading The trade unions on the FCA plan: “We believe in full employment, even in Mirafiori”
FCA, the future will be sustainable with the first all-electric Fiat 500 at Mirafiori
Electric and hybrid, with a 500 that will arrive at Mirafiori with the first installation of a “full BEV” platform, that is completely electric batteries. This is the core of a morning of comparisons at the table to finally know the future of FCA in Italy and in particular in Turin, now closely linked to… Continue reading FCA, the future will be sustainable with the first all-electric Fiat 500 at Mirafiori
Fiat Chrysler to spend 5 billion euros on new models, engines in Italy
File photo: A Fiat Chrysler assembly worker works on the interior of a partially assembled minivan at the Windsor Assembly Plant in Windsor, Ontario, February 9, 2015. REUTERS/Rebecca Cook TURIN, Italy (Reuters) – Fiat Chrysler pledged on Thursday to spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy between… Continue reading Fiat Chrysler to spend 5 billion euros on new models, engines in Italy