Tag: FCA

Ford Is About to Abandon American Sedans

The Model T, the ’32 deuce coupe, the Thunderbird, the Mustang: For much of its 115-year history, Ford Motor Co. has been synonymous with cars. But now Ford, one of the great engines of 20th Century American industry, is about to do the unthinkable: abandon the American car business almost entirely. Henry Ford and the… Continue reading Ford Is About to Abandon American Sedans

UPDATE 4-GM results dented by pickup truck changeover

DETROIT (Reuters) – General Motors Co (GM.N) on Thursday reported better-than-expected first-quarter earnings despite a drop in production of high-margin pickup trucks as it gears up for new models, but investors disappointed by the automaker’s lower pre-tax profit sent its shares down more than 2 percent. FILE PHOTO: The GM logo is seen at the… Continue reading UPDATE 4-GM results dented by pickup truck changeover

UPDATE 2-Fiat Chrysler cuts debt by more than expected

MILAN (Reuters) – Fiat Chrysler Automobiles (FCA) (FCHA.MI) reduced its debts by more than expected in the first quarter, putting the carmaker well on course to become cash positive later this year. FILE PHOTO: Sergio Marchionne, CEO, Fiat Chrysler Automobiles, speaks with journalists at the North American International Auto Show in Detroit, Michigan, U.S., January… Continue reading UPDATE 2-Fiat Chrysler cuts debt by more than expected

BRIEF-Fiat Chrysler sees double digit profit margins in Latam by 2022

April 26 (Reuters) – Fiat Chrysler CEO Sergio Marchionne says: * LATAM REGION PROFIT MARGINS COULD GET TO DOUBLE DIGITS BY 2022 * DEALING WITH EMEA REGION BIGGEST CHALLENGE FOR NEW BUSINESS PLAN, WILL BE SINGLE BIGGEST DRIVER FOR REPOSITIONING OF GROUP Further company coverage: (Reporting by Milan newsroom) Go to Source Go to Source

BRIEF-Fiat Chrysler CEO says next investment cycle will take time to happen

April 26 (Reuters) – Fiat Chrysler Automobiles CEO Sergio Marchionne: * COMMENTING ON LOWER DEBT IN Q1, SAYS CURRENT INVESTMENT CYCLE COMING TO AN END, NEXT PHASE WILL TAKE TIME TO MATERIALISE Further company coverage: (Reporting by Milan newsroom) Our Standards:The Thomson Reuters Trust Principles. Go to Source

Jeep powers Fiat Chrysler quarterly profit jump of 60% to $1.2 billion

Buy Photo Fiat Chrysler Automobiles headquarters, located in Auburn Hills. (Photo: Eric Seals, Detroit Free Press)Buy Photo Fiat Chrysler Automobiles said Thursday it earned a profit of $1.2 billion (1 billion euro) during the first quarter, a nearly 60% gain over the same period a year ago, driven in part by a jump in worldwide Jeep… Continue reading Jeep powers Fiat Chrysler quarterly profit jump of 60% to $1.2 billion

Brabham BT62: 5.4-litre V8-powered hypercar due next week

Brabham Automotive has released a new preview image of its upcoming BT62 hypercar, which is due to be revealed next week. The new picture is of the car’s badge and follows another image that showed the rear LED lights and a large carbonfibre rear wing in darkness. Brabham describes its model as a “low-slung, race-inspired car”. It will cost… Continue reading Brabham BT62: 5.4-litre V8-powered hypercar due next week

Abandoned Car! Ford Dropping All Passenger-Car Models Except Mustang

In an unprecedented move that may reshape the entire auto industry, Ford will stop building all sedans and hatchbacks and shift production to crossovers and trucks. It is, by far, the company’s most dramatic production change in its 115-year history since Henry Ford adopted the assembly line. In its first-quarter statement on Wednesday, the company… Continue reading Abandoned Car! Ford Dropping All Passenger-Car Models Except Mustang

Press Releases – Urban vehicle access regulations require EU stakeholder dialogue

Brussels, 25 April 2018 – Representatives of European cities and automobile manufacturers call on the European Commission to continue to support the ongoing dialogue between all players involved in urban vehicle access regulations (UVARs). Dialogue is necessary to assess the impact of UVARs on mobility, and to achieve a more coordinated approach across the EU.… Continue reading Press Releases – Urban vehicle access regulations require EU stakeholder dialogue