FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo MILAN (Reuters) – Fiat Chrysler (FCHA.MI) did not mention any possible delay in the merger process with France’s PSA (PEUP.PA) during a call with unions on Tuesday, metal workers’ union FIOM… Continue reading Fiat Chrysler does not see delay in PSA merger, FIOM union says
Tag: FCA
Delay in Fiat Chrysler-PSA merger “inevitable”, Italy’s FIOM union says after meeting with FCA
MILAN, March 31 (Reuters) – Italy’s metalworker union FIOM said Fiat Chrysler had confirmed its merger plans with Frances’ PSA during a call with unions on Tuesday, adding that a delay was “certain” given the current situation. “FCA confirmed its industrial plan and the path of its merger with PSA, which will certainly suffer a… Continue reading Delay in Fiat Chrysler-PSA merger “inevitable”, Italy’s FIOM union says after meeting with FCA
Press Releases – COVID-19: Jobs of over 1.1 million EU automobile workers affected so far, data shows
Brussels, 31 March 2020 – The jobs of at least 1,110,107 Europeans working in automobile manufacturing are affected by factory shutdowns as a result of the COVID-19 crisis, according to data compiled by the European Automobile Manufacturers’ Association (ACEA). This figure only refers to those people directly employed by car, truck, van and bus manufacturers… Continue reading Press Releases – COVID-19: Jobs of over 1.1 million EU automobile workers affected so far, data shows
Fiat Chrysler CEO to halve his salary for three months in virus response -letter
FILE PHOTO: CEO of Fiat Chrysler Automobiles (FCA) Mike Manley attends the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Rebecca Cook MILAN (Reuters) – Fiat Chrysler (FCHA.MI) top executives will temporarily cut their salaries to preserve the automaker’s financial soundness during the coronavirus emergency, Chief Executive Mike Manley told employees… Continue reading Fiat Chrysler CEO to halve his salary for three months in virus response -letter
Fiat Chrysler looks to resume some Italian production next week: union
FILE PHOTO: New Fiat 500 electric cars are displayed at a Fiat Chrysler event held to unveil its first electric model, in Milan, Italy, March 4, 2020. REUTERS/Flavio Lo Scalzo/File Photo MILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) is looking to resume some vehicle production from next week at three plants in Italy if it… Continue reading Fiat Chrysler looks to resume some Italian production next week: union
Interview with PSA CEO Carlos Tavares – view – The KXAN 36 News
The Portuguese Carlos Tavares (61), Chairman of the Board of the French PSA group, is regarded as the Superstar of the auto industry, since he saved Citroën DS, Peugeot and Opel from delicate situations, and has his PSA group profit margins, the Champion performs. To be concentrated at the beginning of this year, the China… Continue reading Interview with PSA CEO Carlos Tavares – view – The KXAN 36 News
Nexteer Reports 2019 Financial Results
AUBURN HILLS, Mich., March 29, 2020 /PRNewswire/ — Nexteer Automotive today reported annual results for its fiscal year ended December 31, 2019. The Company’s 2019 financial results were impacted by various environmental challenges including lower OEM light vehicle production across all regions, led by a decline in China, a GM-UAW labor strike in North America interrupting vehicle… Continue reading Nexteer Reports 2019 Financial Results
VW burning through $2.2 billion a week with factories closed by coronavirus – Autoblog
FRANKFURT — Volkswagen may have to cut jobs if the coronavirus pandemic is not brought under control as the carmaker is still spending about 2 billion euros ($2.2 billion) a week, Chief Executive Herbert Diess told German TV channel ZDF. Diess told the Markus Lanz talkshow that the German company, which employs 671,000 people worldwide,… Continue reading VW burning through $2.2 billion a week with factories closed by coronavirus – Autoblog
@FCA: FCA Expands Coronavirus-related Relief Actions; 1 Million Meals for School Children
Fiat Chrysler Automobiles Expands Coronavirus-related Relief Actions; 1 Million Meals for School Children Included in New Programs March 27, 2020 , Auburn Hills, Mich. – As previously communicated to the company’s employees from Fiat Chrysler Automobiles (FCA) CEO Mike Manley, the company is in the process of converting its first plant to produce face masks for… Continue reading @FCA: FCA Expands Coronavirus-related Relief Actions; 1 Million Meals for School Children
Ferrari to resume production in Maranello and Modena as of 14 April 2020.
Maranello, 27 March 2020 – Ferrari N.V. (“Ferrari” or the “Company”) (NYSE/MTA: RACE) announces today that subject to supply chain continuity it now plans to resume production as of 14 April 2020.All activities that can be conducted in smart working will continue to be performed as has been the case in recent weeks. The Company… Continue reading Ferrari to resume production in Maranello and Modena as of 14 April 2020.