FCA – Page 990 – I wish I had more to offer

PA Consulting’s Analysis Shows Top Car Makers Will Face €14.5bn Fines for Missing the EU’s CO2 Emissions Targets

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Punch It Performance and Tuning Agrees to Stop Selling Illegal Devices That Defeat Emissions Control Systems of Vehicles in the Wake of Clean Air Act Enforcement Action

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FCA To Idle Jeep Cherokee Plant For 2 Weeks Due To Poor Demand – Motor1

Fiat Chrysler Automobiles will idle production at its Belvidere assembly plant, according to Automotive News. The factory, located near Chicago, Illinois, builds the Jeep Cherokee, which saw sales fall drastically in 2019. The news comes as Automotive News Canada reports that FCA will extend the shutdown of its Ontario, Canada factory by a week. FCA’s… Continue reading FCA To Idle Jeep Cherokee Plant For 2 Weeks Due To Poor Demand – Motor1

Fiat Chrysler Will Basically Fund Tesla’s Gigafactory 4

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Published on January 10th, 2020 |

by Johnna Crider

Fiat Chrysler Will Basically Fund Tesla’s Gigafactory 4

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January 10th, 2020 by Johnna Crider

In a sense, Fiat Chrysler Automobiles (FCA) will be funding Tesla’s Gigafactory 4 (GF4). This insight comes from Automotive News Europe. FCA could spend around $2 billion all the way through 2023 riding Tesla’s zero-emissions coattails.

FCA made a deal, which we reported back in April 2019, to pool its fleet with Tesla’s in order to comply with Europe’s stricter emissions rules. According to a U.S. investment bank, this is funding Tesla’s upcoming German factory. That $2 billion can be split into about $150–200 million per quarter and will give Tesla’s profit margins a nice cushion for 2020.

In 2019, FCA’s CEO, Mike Manly, said that FCA will not have to pay fines for not complying with the tougher European CO2 regulations in 2019 and 2020. The reason is because of the credit deal with Tesla, along with FCA’s forthcoming plug-in hybrid versions of the Jeep Compass, Renegade, and Wrangler. There is also a new fully electric Fiat 500 coming. (The Fiat 500e has been sold in California for years. We reviewed it in 2016 and 2017.)

Some may think that more EVs and hybrids out there are bad for Tesla, but in reality, this is Tesla’s overall goal — to accelerate the transition to electric vehicles and clean energy. Elon Musk once noted that Tesla’s true competition isn’t the EVs coming onto the market, but the gas vehicles that are still being produced.

I believe that 2020 will be the decade of the EV, and this is all thanks to the push from Tesla and Elon Musk (and perhaps partly the mainstream media, which keeps putting Tesla in the news — whether good or bad). The more people focus on something, the larger that something becomes. With more people talking about Tesla, the more people buy a Tesla, and the more the costs come down (as we’ve seen with the Cybertruck).

It’s good to see FCA contributing to the cause, as Kim Paquette said in her tweet. They will end up contributing one way or another, and thus help Tesla achieve its mission, a great way to help lower the amount of CO2 in the air.
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About the Author

Johnna Crider Johnna Crider is a Baton Rouge artist, gem and mineral collector, and Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to “Believe in Good.”

Tesla is one of many good things to believe in. You can find Johnna on Twitter

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FCA approves Opteven acquisition of WMS Group

The FCA has given its approval to Opteven’s acquisition of The WMS Group. The deal was officially signed on 8 January. Opteven already has an operational presence in UK, managing the approved used warranty programme on behalf of Volkswagen Financial Services UK. The group has ambitions to continue to grow their presence throughout Europe. WMS… Continue reading FCA approves Opteven acquisition of WMS Group

Exclusive: Mate Rimac on his plans to hit the electric car big time

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Fiat Will Effectively Fund Tesla’s German Factory, Baird Says

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WMS Group acquisition completed by Opteven

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