Tag: FCA

Daimler CEO says successor will have tough job

Zetsche took over as CEO of DaimlerChrysler in 2006 and took the decision to sell Chrysler. OSLO: Daimler’s next chief executive will have a tough job to restore margins at Mercedes-Benz, current boss Dieter Zetsche told Reuters on Wednesday, as Mercedes-Benz launched a new luxury electric car to rival Tesla. Zetsche, who bows out as… Continue reading Daimler CEO says successor will have tough job

Volvo’s Polestar 2 with Android Automotive is how all car software should be designed

The native Android Auto saga has a long and winding road, but we’re finally approaching the finish line. Google’s custom-built software for automobiles, now called Android Automotive OS and not to be confused with standard Android Auto mirrored from your smartphone, was first announced a couple of years back as a kind of compromise with… Continue reading Volvo’s Polestar 2 with Android Automotive is how all car software should be designed

Mercedes-Benz EQC, VW ID 3, FCA emissions boost Tesla: Today’s Car News

Tesla Model Y – introduction, Hawthorne CA, March 2019
Electric cars are starting to roll out from German automakers. Volkswagen gave a name to its new electric hatchback, and started taking orders. And Mercedes-Benz rolled the first electric EQC SUV off its assembly line in Germany. Details emerged of Fiat Chrysler's deal with Tesla to share emissions credits. All this and more on Green Car Reports.

Volkswagen opened its order banks for its first of a new generation of electric cars, the ID 3 electric hatchback, albeit only in Europe.

Mercedes-Benz also launched its new EQC electric SUV in Europe, with the first example rolling off the assembly line this week.

The emissions deal between Tesla and FCA announced last month could be worth a surprising amount to Tesla's bottom line.

And in our latest Twitter poll, most readers reported realizing the full amount of the federal tax credit if they bought an electric car last year. A sizable minority, however, didn't.

Google is revamping its Android Auto driving interface to give it a cleaner look, more flexibility, and simpler operation.

Finally, BMW says it will roll out a fleet of 500 fully-self-driving SUVs based on its iNext electric SUV concept, in 2021.

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UPDATE 1-Brazilian automakers fret about cheap imports from Mexico

(Recasts with comments on competition with Mexico) By Marcelo Rochabrun SAO PAULO, May 7 (Reuters) – Automakers in Brazil warned on Tuesday of the threat from cheap imported cars from Mexico, as the end of a cap on bilateral trade in the sector presents a new challenge to the dominance of local manufacturing in South… Continue reading UPDATE 1-Brazilian automakers fret about cheap imports from Mexico

Ferrari sticks to FY targets after Q1 core profit up 14 percent

FILE PHOTO: The logo of Ferrari is seen on a sheet covering a car before a presentation at the 88th International Motor Show at Palexpo in Geneva, Switzerland, March 6, 2018. REUTERS/Pierre Albouy/File Photo MILAN (Reuters) – Italian luxury carmaker Ferrari confirmed its full-year targets after core earnings rose 14 in the first quarter, driven… Continue reading Ferrari sticks to FY targets after Q1 core profit up 14 percent

Fiat Chrysler CEO Eyes Peugeot’s Electric Car Platform

A Fiat based on a little electric Peugeot makes for an interesting proposition With its electric vehicle push only just beginning to take shape, Fiat Chrysler Automobiles could be looking to other automakers to help it catch up as tougher emissions regulations start to take hold.  FCA CEO Mike Manley said Friday in an investors… Continue reading Fiat Chrysler CEO Eyes Peugeot’s Electric Car Platform

Hands on with Polestar’s Android Automotive OS infotainment system

By Scott Oldham Walking into Dogpatch Studios on San Francisco’s east side, the Polestar 2 sits in the center of the stark industrial space, its 20-inch Continentals resting on the bare concrete floor. The all-electric hatchback sedan, which Polestar says will offer 275 miles of range, is dressed like a Stormtrooper; Snow White paint, matte… Continue reading Hands on with Polestar’s Android Automotive OS infotainment system

Fiat Chrysler shares jump after mixed first-quarter earnings

Fiat Chrysler Automobiles assembly workers build 2019 Ram pickup trucks at the FCA Sterling Heights Assembly Plant in Sterling Heights, Michigan, October 22, 2018.Rebecca Cook | ReutersShares of Fiat Chrysler seesawed Friday after the company reported disappointing first-quarter earnings but said it's still on track to meet its 2019 profit target.
U.S. shares of the Italian and American company dropped as much as 2.8% before surging 6% in intraday trading.
The automaker said slowing sales in North America and Europe drove profit south. However, it said, sales of new U.S. pickup trucks, including the Jeep Gladiator and Ram models, would help lift its 2019 profit target of more than 6.7 billion euros ($7.5 billion).
Sales of its popular line of Ram trucks jumped 22% year over year as overall U.S. sales fell 3.1% during the first three months of the year.
Fiat Chrysler also reported that its first-quarter net profit fell 47% from the same time period a year prior, dropping to 508 million euros ($568 million) from 951 million euros ($1.06 billion) during the same quarter last year.
In addition, earnings per share failed to meet Wall Street's expectations, coming in at 40 cents (0.36 euros) compared with analysts' estimates of 52 cents (0.47 euros).
Fiat Chrysler's stock has climbed 10.17% so far this year. In the past 12 months, the stock has declined 29.17%.