Trends - Fiat Chrysler - Business Recorder

Markets

Honda, Nissan move to closer tie-up as competition intensifies, source says

TOKYO: Honda and Nissan,are moving towards a closer tie-up with talks of setting up a holding company, a source...

Published 18 Dec, 2024 08:18am

Business & Finance

Stellantis won’t race to split electric vehicles from fossil fuel cars

MILAN: Stellantis is not considering splitting its electric vehicle (EV) business from its legacy combustion engine...

Published 06 May, 2022 05:03am

Business & Finance

Carmaker Stellantis shrugs off Covid to lift sales in Q1

That shortfall amounted to 190,000 units or 11 percent of planned production in the quarter.

Published 05 May, 2021 11:38am

Business & Finance

US indicts two more Fiat Chrysler managers in diesel emissions probe

The company, which is now known as Stellantis NV, in January 2019 agreed to an $800 million settlement to resolve civil claims that it used illegal software which produced false results on diesel-emissions tests in more than 100,000 vehicles. The Justice Department's criminal investigation into the company is pending.

Published 20 Apr, 2021 07:55pm

Business & Finance

Stellantis may delay Alfa Romeo Tonale SUV production to 2022

Ferdinando Uliano said FIM CISL was asking the company to meet its target to start (Tonale's) production by the end of this year.
"We want to be on the market with the most updated electrified offer, leveraging on the Stellantis technology and know-how. Our teams in Pomigliano are strongly working to update the production line," it said.

Published 08 Apr, 2021 06:28pm

Business & Finance

Fiat Chrysler Canada auto sales rise 4pc in first quarter

The carmaker said it had sold 46,077 vehicles, up from 44,140 a year earlier.

Published 02 Apr, 2021 12:12am

Business & Finance

Stellantis to add Peugeot 308, Opel Astra to electrified range this year

As part of its plan, Stellantis has said it would increase the number of hybrid or fully electric vehicles to 40 models by the end of this year from 29 now.
Stellantis plans to have fully-electric or hybrid versions of all of its vehicles available in Europe by 2025, broadly in line with plans rivals such as Volkswagen and Renault-Nissan.

Published 30 Mar, 2021 09:54pm

Print

Chip shortage hits 5 Stellantis plants in North America

NEW YORK: Stellantis will suspend production at five North American auto manufacturing plants due to the global...

Updated 28 Mar, 2021 10:55am

Business & Finance

Toyota, Fiat Chrysler drop support for Trump effort to bar California emissions rules

The automakers said they were aligned "with the Biden administration's goals to achieve year-over-year improvements in fuel economy standards."
Nissan Motor Co in December withdrew from the challenge after GM's decision in November shocked the industry and won praise from Biden.

Updated 02 Feb, 2021 07:36pm

Print

$15.7bn Apple tax judgment: EU claims court errors in bid to overturn

BRUSSELS: EU antitrust enforcers have claimed a court made legal errors when it scrapped their order for iPhone ...

Published 02 Feb, 2021 04:29am

Business & Finance

Fiat Chrysler to plead guilty, pay $30mn to resolve US criminal labor probe

At its peak in 1979, the union had a membership of some 1.5 million.

Published 28 Jan, 2021 12:27pm

Business & Finance

Stellantis' Tavares launches charm offensive with Italian unions

The world's fourth-biggest carmaker was officially created on Saturday from the merger of Fiat Chrysler (FCA) and Peugeot-maker PSA.
Marco Lomio of the UILM union in the Basilicata region, where Melfi is located, said Tavares took time to listen to and answer all questions.

Published 22 Jan, 2021 04:20pm

Markets

Carmaker Stellantis shares star in European debut

Shares rise 8% after carmaker merger completed.
Stellantis will be fourth largest carmaker.
CEO Tavares to hold news conference on Tuesday.

Published 18 Jan, 2021 06:49pm

Business & Finance

After long journey, Fiat Chrysler and PSA seal merger to become Stellantis

It took over a year for the Italian-American and French automakers to finalise the $52 billion deal.
The merger between Peugeot S.A. and Fiat Chrysler Automobiles N.V. that will lead the path to the creation of Stellantis N.V. became effective today.

Published 16 Jan, 2021 06:50pm

Business & Finance

France's PSA sales slump on virus hit

The company said the European market staged a strong recovery in the second half of 2020, jumping 40 percent compared with the first six months when governments imposed strict lockdowns to try to control the first wave of Covid-19.

Published 14 Jan, 2021 01:31pm

Business & Finance

Toyota halts some production lines in China due to chip shortage

Toyota said on Friday it would cut production of its Tundra pickup truck at its San Antonio plant in Texas.

Published 12 Jan, 2021 02:48pm

Business & Finance

New carmaker Stellantis set for road test after FCA-PSA tie-up approved

Aim to complete the merger in the first quarter of 2021.
FCA and PSA gained European Union antitrust approval for their merger in December, after pledging to boost Japanese rival Toyota Motor.

Published 04 Jan, 2021 08:46pm

Business & Finance

Fiat Chrysler shareholders approve PSA merger

The virtual vote came just hours after PSA shareholders also backed the creation of the new company, "Stellantis".

Published 04 Jan, 2021 08:21pm

Business & Finance

Peugeot shareholders approve autos mega-merger with Fiat

The deal to form the new company called Stellantis was first backed by top investors with double voting rights.
Tavares, who will take the helm of the merged group, will have to revive the carmaker's fortunes in China.

Published 04 Jan, 2021 06:08pm

Business & Finance

PSA shareholders back mega-merger with Fiat Chrysler

The 50/50 tie-up is considered crucial for the two groups to undertake investments needed to transition to clean car technology.

Published 04 Jan, 2021 05:38pm

Business & Finance

Peugeot, Fiat merger to be sealed by shareholders

The 50/50 tie-up, which was delayed by the Covid-19 pandemic, is seen as crucial for the two groups to undertake the investment needed to transition to clean car technology.

Published 04 Jan, 2021 11:30am

Business & Finance

Fiat Chrysler to invest 755mn zlotys in Poland, says Deputy PM

It said the aim was to start mass production of the first of the three new passenger car models for the group's brands in the second half of 2022.

Published 30 Dec, 2020 12:45am

Business & Finance

Fiat greenlights electric car production in Poland

Officials did reveal an agreement with the Polish government to provide "FCA with the possibility of taking advantage of tax reliefs in the field of (CIT."

Published 29 Dec, 2020 07:56pm

Business & Finance

EU conditionally approves Fiat Chrysler and PSA merger

The statement said that the new firm would also facilitate access for competitors to its van repair and maintenance networks.

Published 21 Dec, 2020 06:09pm

Business & Finance

Fiat Chrysler and Engie EPS agree to set up e-mobility joint venture

Fiat Chrysler's Italian division and Engie EPS, which is also based in Italy, have entered into a memorandum of understanding aimed at setting up the joint venture in the first quarter of 2021.
Shares in Engie EPS, which is being advised by Lazard on the deal, were trading 13% higher in Paris.

Published 12 Nov, 2020 05:29pm

Business & Finance

Fiat Chrysler returns to profit

The carmaker posted a net loss of 179 million euros in the third quarter of 2019.

Published 28 Oct, 2020 05:23pm

Business & Finance

Fiat Chrysler returns to profit in Q3 as N. America posts record results

The Italian-American car maker on Wednesday said it posted adjusted earnings before interest and tax (EBIT) of 2.28 billion euros ($2.7 billion) in the July-September period.
Our record results were driven by our team's tremendous performance in North America.

Published 28 Oct, 2020 04:58pm

Business & Finance

Fiat, PSA to win EU approval for $38bn merger

Merger to create world's No.4 automaker.
Plan to help Toyota eases EU concerns – sources.
EU decision could come by end of the year – sources.
FCA, PSA shares reverse early losses to trade higher.

Published 26 Oct, 2020 05:31pm

Business & Finance

Fiat Chrysler asks judge to deny GM request to reopen racketeering case

Borman threw out the racketeering lawsuit, saying GM's alleged injuries were not caused by FCA's alleged violations.
FCA said "GM's proposed amended complaint is the latest example of the lengths it is prepared to go to, attacking a competitor.

Published 10 Aug, 2020 11:55pm

Business & Finance

Fiat Chrysler limits COVID losses, sees much better H2

It also cut capital expenditure across the group, and expects to reduce the total for the full year by 1.5 billion euros ($1.8 billion) to 8-8.5 billion euros.

Published 31 Jul, 2020 07:56pm