The joint venture that makes Jeeps in China will file for bankruptcy, partners Stellantis and Guangzhou Automobile Group (GAC) said on Monday, after a long decline for the oldest foreign auto brand in the world’s largest car market. The move comes after Stellantis‘ surprise decision in July to end the venture with GAC, only months after saying it would raise its stake to 75% from 50%. Stellantis CEO Carlos Tavares… Continue reading Jeep joint venture in China to file for bankruptcy, say partners
Tag: FCA
Stellantis’ China JV GAC-FCA To File For Bankruptcy
Motley Fool 57 Billion Reasons to Avoid Boeing Stock Last week, Boeing (NYSE: BA) reported that revenue returned to growth in Q3 and that the company had generated $2.9 billion of free cash flow in the period. With the global economy weakening, supply chains in tatters, and previous mistakes still costing Boeing billions of dollars,… Continue reading Stellantis’ China JV GAC-FCA To File For Bankruptcy
Saietta VNA to set up new plant in India, strengthens leadership team
Saietta VNA – the joint venture which was formed in May 2021 between the UK-based Saietta Group and India’s Padmini VNA – is ramping up its ‘Make-in-India’ strategy by establishing a new manufacturing facility on the outskirts of New Delhi. The company has today revealed about the ongoing construction of a new state-of-the-art plant in… Continue reading Saietta VNA to set up new plant in India, strengthens leadership team
Saietta VNA to set up new plant in India, strengthens leadership team
Saietta VNA – the joint venture which was formed in May 2021 between the UK-based Saietta Group and India’s Padmini VNA – is ramping up its ‘Make-in-India’ strategy by establishing a new manufacturing facility on the outskirts of New Delhi. The company has today revealed about the ongoing construction of a new state-of-the-art plant in… Continue reading Saietta VNA to set up new plant in India, strengthens leadership team
Saietta VNA to set up new plant in India, strengthens leadership team
Saietta VNA – the joint venture which was formed in May 2021 between the UK-based Saietta Group and India’s Padmini VNA – is ramping up its ‘Make-in-India’ strategy by establishing a new manufacturing facility on the outskirts of New Delhi. The company has today revealed about the ongoing construction of a new state-of-the-art plant in… Continue reading Saietta VNA to set up new plant in India, strengthens leadership team
@FCA: Mopar Charges Into SEMA With Three New Custom Concept Vehicles
October 31, 2022 , Auburn Hills, Mich. – Mopar is charging into this year’s Specialty Equipment Market Association (SEMA) Show in Las Vegas with three new head-turning concept vehicles and hundreds of quality-tested, factory-backed performance parts and accessories. Inside the 15,345-square-foot exhibit in the South Hall of the Las Vegas Convention Center Show, Nov. 1-4, showgoers… Continue reading @FCA: Mopar Charges Into SEMA With Three New Custom Concept Vehicles
Stellantis offers buyouts to certain salaried employees in tech transformation move
Another Detroit Three automaker has announced workforce reduction plans amid transformations toward cleaner, more technology-packed vehicles. Jeep maker Stellantis NV on Friday said it has offered certain salaried U.S. employees a voluntary separation package as a part of its “transformation to become a sustainable tech mobility company and the market leader in low-emissions vehicles,” spokeswoman… Continue reading Stellantis offers buyouts to certain salaried employees in tech transformation move
CEO Mike Manley on AutoNation’s stunning Q4 earnings results – http://cbtnews.com/
Yesterday, AutoNation, Inc. (NYSE: AN) released the results of its most profitable quarter in its history. Revenues came out to $6.6 billion, an increase of 14% year-over-year. Adjusted earnings per share (EPS) came in at $5.76, a staggering increase of 137% from Q4 2021. Although new vehicle revenue declined, used vehicle revenue soared with an… Continue reading CEO Mike Manley on AutoNation’s stunning Q4 earnings results – http://cbtnews.com/
Magna’s 48 Volt hybrid transmission goes into production with Stellantis
Magna’s 48 Volt hybrid transmission hit the market on the Jeep Renegade, Compass e-Hybrid, Fiat 500 X and Tipo, the first models from Stellantis to be equipped with a 48-Volt hybrid system. The two companies have signed a multi-program agreement. Hybrid technologies are an important step on the path to lower emissions. Magna’s hybrid transmission… Continue reading Magna’s 48 Volt hybrid transmission goes into production with Stellantis
@FCA: Hagan and Dodge Power Brokers Funny Car Qualify No. 2 at Nevada Nationals for the Penultimate Event of NHRA ‘Countdown to the Championship’
October 29, 2022 , Las Vegas, Nevada – Just two race days remain in the National Hot Rod Association (NHRA) “Countdown to the Championship” and Tony Stewart Racing (TSR) driver Matt Hagan showed he is determined to stay in the heat of the battle for the Funny Car crown by qualifying his Dodge Power Brokers charger… Continue reading @FCA: Hagan and Dodge Power Brokers Funny Car Qualify No. 2 at Nevada Nationals for the Penultimate Event of NHRA ‘Countdown to the Championship’