Tag: FCA

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

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

Waymo’s Uber-rivalling ride-hailing app to enter service in 2018

Google parent company Alphabet and Fiat Chrysler Automobiles have announced that the Uber-rivalling ride-hailing service Waymo will commence public service later this year.  It’ll be the first ride-hailing service offered to the public to use driverless vehicles on public roads upon launch, using a fleet of over 62,000 Chrysler Pacifica MPVs across the Waymo service.… Continue reading Waymo’s Uber-rivalling ride-hailing app to enter service in 2018

UPDATE 7-SoftBank joins GM in self-driving car race; GM shares soar

(Reuters) – Japan’s SoftBank Group Corp (9984.T) will invest $2.25 billion in General Motors Co’s (GM.N) autonomous vehicle unit Cruise, the companies said on Thursday, a deal that validates the venerable Detroit automaker’s leadership in self-driving cars and sent GM shares up nearly 13 percent. The move by SoftBank’s $100-billion Vision Fund is one of… Continue reading UPDATE 7-SoftBank joins GM in self-driving car race; GM shares soar