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Archive for the ‘Jeep’ Category

U.S. New Vehicle Sales Tick Upward in May

Toyota and Fiat Chrysler led monthly sales surge.

by on Jun.03, 2019

Reid Bigland, FCA head of U.S. Sales, reported that the company's Ram division set a new sales record in May.

With Fiat Chrysler and Toyota leading the way, automakers surprised on the upside in May, posting modest sales increases for the month.

FCA, where overall sales increased 2%, reported setting three records in May, led by the Ram brand which notched its 12th consecutive monthly sales record as demand for both light-duty and heavy-duty pickup trucks remained strong.

News You Can Trust!

It was also the best May ever for the Jeep Grand Cherokee and the highest level of May sales for the Dodge Charger in six years. Overall, total sales rose to 218,702 vehicles. Fleet represented 31% of total sales during the month. On a year-to-date basis, fleet accounted for 22% FCA of sales, the automaker reported. (more…)

What Next for Fiat Chrysler and Renault?

Deal faces numerous obstacles; could take 18 months to complete.

by on May.28, 2019

Jeeps, like this new Gladiator pickup, are one of the potential prizes in the proposed merger.

The French government is weighing in on the proposed Fiat Chrysler-Renault merger plan and underscores the potential challenges the automotive merger faces before it can be completed.

Following four months of talks, FCA on Monday proposed a merger-of-equals with the larger of France’s two automakers, a plan expected to take up to 18 months to complete. Before that can happen, however, an assortment of obstacles will need to be overcome, among other things winning the blessings of the French government that holds a 15% stake in Renault.

Breaking News!

French Finance Minister Bruno le Maire told RTL radio on Tuesday that he will demand “four guarantees” from Renault before approving any merger, starting with “the preservation of industrial jobs and sites in France.”

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FCA Lays Out Plan for “Transformative Merger” with Groupe Renault

Move would create 3rd-largest global automaker; 1st if factoring in Alliance partners Nissan, Mitsubishi.

by on May.27, 2019

Fiat Chrysler Chief Executive Officer Mike Manley originally approached Renault over much more limited plans, such as platform sharing.

After extensive, secret negotiations, Fiat Chrysler Automobiles has laid out a plan to merge with the largest of France’s two automakers, Groupe Renault, a move that would create the world’s third-largest motor vehicle manufacturer, with annual sales of 8.7 million vehicles – and a clear number one if factoring in the volumes of Renault’s current Alliance partners, Nissan and Mitsubishi.

Both FCA and Renault have openly sought new partnerships over the past decade to both expand their geographic bases and fill in gaps in their product and technology portfolios. If, as expected, the proposed deal is completed, the new organization will have a more well-rounded global presence, with FCA bringing to the table its Jeep SUV and Ram pickup brands. Renault, among other things, provides a growing range of electric vehicles and an aggressive autonomous vehicle develop program.

Breaking News!

Over the past decade, FCA has repeatedly said it was looking for a partner, with names like General Motors and Volkswagen on its list. But while those were seen as unsolicited proposals, talks between the Italian-American automaker and Renault have been underway since early this year. And though the French automaker early Monday said that its “Board of Directors will meet this morning to discuss this proposal,” it is expected that this is largely a formality.

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Fiat Chrysler and Renault Poised to Form New Alliance

Pairing would form third-largest automaker.

by on May.26, 2019

Could another sign change be in Fiat Chrysler's future?

What appeared to be a two-horse race to partner up with Fiat Chrysler Automobiles N.V. is now just down to one – Renault SA – with a deal potentially announced as early as Monday.

The deal, which was reported first by Bloomberg News, not only provides some each company with a strong ally to shore weak areas, it also opens the door to a potential deal with the Renault Nissan Alliance.

Global News!

In late March, FCA was linked to talks with Renault as well as another French automaker, Peugeot, about a tie-up of some sort. While a deal was never consummated with either automaker at the, it appears discussions with Renault have been fruitful. (more…)

Nothing Mild About Mercedes’ First Mild Hybrid, the GLE 580 4Matic

Gas-electric model rivals AMG version of the midsize SUV.

by on May.24, 2019

The new Mercedes-Benz GLE 580 4Matic gets a big boost out of its 48-volt assist system.

Mercedes-Benz is getting serious about electrification, as it demonstrated earlier this month by launching sales of its first long-range battery-electric vehicle, the EQC.

The German automaker plans to introduce at least 10 BEVs in the coming years, as well as an assortment of plug-in and conventional hybrids. To that list of electrified options you now can add the first mild hybrid, the Mercedes-Benz GLE 580 4Matic.

Product News!

Mild hybrids typically come with small lithium-ion battery packs powering a relatively low-power electrical architecture. Even at 48-volts, however, the technology can be quite useful. In the case of the GLE 580, it powers the new active suspension system, as well as the Stop/Start integrated starter/generator, or ISG. But the biggest surprise is that it adds a performance boost that, at least briefly, lets the new variant outperform the AMG 53 version of the midsize SUV.

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Fiat Chrysler Tabs Infiniti’s Meunier to Head Jeep

Manley reaches outside company for top brand's new leader.

by on May.08, 2019

Former Infiniti Chief Christian Meunier is taking charge of Fiat Chrysler's top brand: Jeep.

In a surprise move, Fiat Chrysler Automobiles N.V. has gone outside the company to recruit a new chief to head up its most important brand: Jeep.

FCA announced it has tapped Christian Meunier to serve as Global President of the Jeep brand.

News Now!

Meunier joins FCA with broad background in the global automotive experience. In his most recent post before joining FCA, he was Chairman and Global President for Infiniti Motor Co. Ltd. at Nissan. (more…)

Product Launches Hammer FCA’s Q1 Earnings

But Ram pickup sales provide a cushion.

by on May.03, 2019

CEO Mike Manley needs to prove he can maintain the pace set by his former boss, Sergio Marchionne.

Fiat Chrysler Automobiles reported profits dropped 41% in the first quarter as a slump in sales in key markets cut the company’s revenues by 5 percent.

The automaker attributed the decline to the normal production challenges related to an array of new product launches in North America, as well as pricing pressure in China and South America.

Financial News!

FCA CEO Mike Manley, however, reaffirmed the company’s guidance for the full year. “We expect earnings to grow in the following quarters,” he said as FCA completes the launch of the new Jeep Gladiator and the Ram Heavy Duty pickup truck.

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Nissan Adds Another Nail to Convertible Coffin with Plans to Kill 370Z Roadster

Choice of ragtops growing increasingly thin.

by on May.02, 2019

Nissan will still offer the Z Roadster overseas, but it's dropping the ragtop in the U.S. due to slow sales.

Nissan is pulling the plug on its 370Z Roadster at the end of the 2019 model-year, the Japanese automaker has confirmed, marking the end of one of the brand’s most iconic offerings.

The good news for roadster fans is that the coupe version of the sports car will remain in production indefinitely – which doesn’t mean it will last forever, just that there are no current plans to once again remove it from the line-up.

Product News!

The 370Z Roadster joined the Z Coupe after it was returned to the Nissan family in 2009, part of the automaker’s turnaround program. Its demise comes as automakers rethink their passenger car strategies and, in particular, cull their slow-selling convertible offerings.

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Mitsubishi Could Be Next to Reenter U.S. Pickup Market

As sales surge, more manufacturers look for an opening.

by on Apr.29, 2019

Mitsubishi could be back in the U.S. pickup market with an Americanized version of the Triton.

Mitsubishi could be one of the next manufacturers to target the booming U.S. pickup market, according to the company’s North American chief operating officer.

With truck sales, in general, booming, and pickups, in particular, generating a disproportionate share of industry earnings in the region, an assortment of manufacturers have either gotten back into the game or are looking for ways to join established brands like Chevrolet, Ford, Ram and Toyota.

Product News!

The Japanese automaker would “have to have one that’s the right fit for Mitsubishi, for our demographic, and something that’s really competitive in the market,” Mitsubishi North America COO Mark Chaffin told trade publication Ward’s.

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Feds Launch Criminal Probe over Ford Mileage, Emissions

Ford the latest among growing list of automakers accused of misconduct.

by on Apr.26, 2019

A number of different Ford vehicles, like this Ranger, could have mpg and emissions restated.

Ford Motor Co. is facing a criminal investigation as the U.S. Department of Justice probes whether it improperly certified the mileage and emissions ratings on some of its vehicles.

The announcement by the second-largest domestic automaker comes just a day after it released unexpectedly strong earnings that sent its stock soaring past $10 a share for the first time since August 2018. Ford told investors in a statement that it “cannot provide assurance that (the results of the investigation) will not have a material adverse effect on us.”

The Last Word!

Ford becomes the latest automaker to come under scrutiny for reporting inaccurate emissions and fuel economy numbers. Among other manufacturers who have been caught up in similar circumstances are Fiat Chrysler, Hyundai and sibling brand Kia and Volkswagen. The latter company has so far paid out about $30 billion in the U.S. alone through fines and settlements, with two of its former executives being prosecuted for their role in the scandal involving the German maker’s diesel-powered vehicles.

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