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Archive for the ‘Chrysler’ Category

Big Three Group Supports Trump Report on USMCA Benefits

Support comes despite conflicting study from IMF.

by on Apr.19, 2019

A new report from the U.S. Trade Representative says the new USMCA will bring substantial benefits; however, an IMF study suggests otherwise.

Detroit’s automakers are rushing to defend a report from the Trump administration that touts the benefits of the new North American Free Trade Agreement.

The Trump administration report, produced by the United States Trade Representative (USTR), was released Thursday in advance of less than an underwhelming independent government estimate of the economic impact of proposed U.S. Mexico Canada Agreement, or USMCA.

Trade News!

Trump has portrayed the new agreement he negotiated as a replacement for NAFTA as likely to lead to a rush of new investment and jobs in the U.S. and an end to the outsourcing he and others have blamed for a hollowing out of American manufacturing. (more…)

Fiat Chrysler Confidently Pays First-Ever Dividend

Payout marks optimism about rest of 2019 performance.

by on Apr.15, 2019

Fiat Chairman John Elkann told shareholders at the FCA annual meeting that he expected strong results in 2019.

The top executives of Fiat Chrysler Automobile N.V. delivered an upbeat assessment of the company’s future prospects during the company annual shareholder meeting in Amsterdam, agreeing to pay a dividend to shareholders for the first time since Fiat took effective control of the Chrysler Group in 2009 and brought it out of bankruptcy.

In the first shareholders gathering since the death of Sergio Marchionne, FCA’s longtime chief executive, it fell to John Elkann, Fiat’s chairman, to deliver an optimistic forecast for 2019 despite the drop in the company’s business in North America and the slowdown in the sales of Jeep, which has emerged as the company’s principal brand.

Global News!

Elkann, the representative of the founding Agnelli family, which has run Fiat for more than 100 years, told investors the Italo-American group was ready to play a part in the “new and exciting” era for the auto industry. (more…)

UAW Leaders Meet as Prelude to Bargaining With Automakers

Expect tough talks with auto companies.

by on Mar.11, 2019

UAW President Gary Jones will be looking to get feedback from union locals across the country.

The United Auto Workers heads into its bargaining convention this week against tumultuous backdrop that includes suddent plant closing, a grinding federal investigation of the union’s handling of training funds and grumbling among union members, who have made it plain this winter the expect some gains  when the UAW goes to the bargaining table this summer with Detroit’s three automakers.

The resolutions adpted during the meeting will be broad so as not to encumber union bargainers in future negotiations but specific enough to shape the tenor of upcoming  talks not only in the auto industry but also other sectors where the union has members.

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“It is an ideal way to get members from a variety of workplaces and backgrounds together and discuss what is important to their fellow workers, their families and their communities,” UAW President Gary Joines said in a new issue of Solidarity, the union’s magazine. (more…)

Mercedes-Benz Concept EQV is a Near Production-Ready Electric Minivan

Production version to follow during autumn's Frankfurt Motor Show.

by on Mar.05, 2019

The Mercedes Concept EQV combines elements of the V-Class van and the new EQ series.

The Chrysler Pacifica has shown there’s a market for electrified people-movers. Now, Mercedes-Benz is taking things a step further with its Concept EQV.

The all-electric version of its V-Class  is making its debut at this week’s Geneva Motor Show, but a production version of what’s also known as the Mercedes Viano is set to follow next autumn at the Frankfurt Motor Show, the automaker confirmed on Tuesday.

Auto Show News!

“Mercedes-Benz Vans is consistently advancing the electrification of its product portfolio,” said Wilfried Porth, a board member with Mercedes’ parent Daimler AG. “With the Concept EQV, we are now taking the next step. From a daily driver for the family, a leisure-time adventurer or a shuttle vehicle with lounge ambience, the combination of these characteristics with a battery-electric drive mean the Concept EQV is a concept car with a future.”

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First Drive: 2019 Chrysler Pacifica Hybrid Limited

Plenty of comfort and convenience with great fuel economy.

by on Feb.21, 2019

The 2019 Chrysler Pacifica Hybrid Limited features the S appearance package with blacked out wheels and other updates to make it appealing to men.

Minivans were invented by the old Chrysler Corp. back in the early 1980s and through the company’s various transitions and permeations have been a mainstay in its product portfolio ever since the Reagan years.

Facing stiffer fuel-economy and emission regulations, Fiat Chrysler Automobiles N.V. has brought on a hybrid version that has all the advantages that have made of the traditional minivan a practical choice for families or anyone that needs to carry multiple passengers of all ages to a destination in comfort and with minimal fuss.

Reviews You Can Use!

The sliding doors on the 2019 Chrysler Pacifica Hybrid remain as practical as ever for dropping children off for school while changes to the powertrain have given it greater range and fuel economy plus FCA also has loaded up with the latest technology, including the ability to connect multiple devices to the Internet and useful driver-assistance features such as blind spot detection that help justify its $50,375 price tag, which includes the $1,395 destination charge. (more…)

FCA Hourly Employees Getting $6K Profit-Sharing Checks

Fiat Chrysler employees have taken home $29K since 2009.

by on Feb.07, 2019

Fiat Chrysler's hourly employees will received $6,000 profit-sharing checks.

Hourly employees of Fiat Chrysler Automobiles N.V. will collect $6,000 from the FCA-United Auto Workers profit-sharing plan next month, the automaker announced after releasing its fourth quarter financial reports.

Based on the company’s 2018 financial performance, FCA US LLC announced today that it will make average profit-sharing payments to approximately 44,000 employees on March 8, 2019.

News You Can Trust!

With this payment, U.S. hourly employees have received on average more than $29,000 in profit sharing since 2009. (more…)

FCA Debuting Special Anniversary Minivans in Chicago

35th anniversary editions commemorate a major industry shift.

by on Feb.04, 2019

The 35th anniversary edition Chrysler Pacifica.

Fiat Chrysler will roll out a pair of special edition minivans at the Chicago Auto Show later this week to mark the 35th anniversary of the automaker’s original “people-movers.”

Few individual vehicles have had a more dramatic impact on the U.S. automotive market as did the original Dodge Caravan and Plymouth Voyager when they came to market in 1984, instantly clicking with buyers and rapidly spawning an array of competitors.

Beyond the Headlines!

While minivan sales today are running little more than a third of their one-time peak, they still remain a go-to product for millions of American families and, FCA hopes to take advantage of that with the 35th Anniversary Models it will roll out on Thursday at Chicago’s McCormick Place convention center.

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FCA’s New Benefit Helps Employees With Big Tuition Bills

Workers find a CommonBond through new program.

by on Jan.29, 2019

Fiat Chrysler is making it easier for employees to manage student debt through its tie-up with CommonBond.

With automakers pressing ahead with new technology manufacturers are eager to bring in new talent to exploit it.

Fiat Chrysler Automobiles N.V. is adding a new wrinkle to its benefit package to help salaried employees saddled with student loans and help bring in new recruits.

Business News!

The new benefit helps FCA employees refinance their student loans through CommonBond. It is in addition to the tuition assistance program offered to employees working on an additional degree while employed by the company, FCA spokesman Michael Palese said in an e-mail. (more…)

Government Shutdown May Hurt Automakers Soon

FCA delayed intro of new Ram 3500 HD due to EPA closure.

by on Jan.25, 2019

FCA CEO Mike Manley said the government shutdown is delaying the sale of the new Ram 3500 HD.

The government shutdown is now in its 34thday. The longest-ever shutdown has impacted 800,000 government employees, making it difficult for them to pay bills, buy groceries and meet day-to-day financial obligations.

The ongoing fight between President Donald Trump and Democrats has also impacted the public at-large through longer lines at airports, closure of National Parks and the delay of at least one new vehicle model.

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Environmental Protection Agency employees are part of the shutdown, including those responsible for performing the various tests necessary for new vehicle models in the EPA labs in Ann Arbor, Michigan. Without the certifications, the vehicles don’t meet federal regulations and cannot be sold. (more…)

Apple Cuts Over 200 Jobs at Autonomous Vehicle Project

Move raises questions about what will remain of Project Titan.

by on Jan.24, 2019

Apple Tim Cook had called self-driving vehicles "the mother of all AI projects."

Apple has cut at least 200 jobs at Project Titan, its autonomous vehicle project, sources told TheDetroitBureau.com, a report now confirmed by CNBC.

The operation has been underway in near secrecy for several years and had previously gone through several upheavals, according to sources, as the tech giant tried to figure out exactly what its long-term goals would be. While it appeared committed to the idea of developing self-driving vehicle technology, the big question was whether Apple should also build the cars that would use that technology and, if so, how they would be used.

Breaking News!

“We have an incredibly talented team working on autonomous systems and associated technologies at Apple,” a company spokesperson told CNBC overnight. “As the team focuses their work on several key areas for 2019, some groups are being moved to projects in other parts of the company, where they will support machine learning and other initiatives, across all of Apple.”

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