Detroit Bureau on Twitter

Posts Tagged ‘FCA news’

FCA Laying Off 3,200 Employees in Toledo as Plant Transformation Begins

Marchionne's master plan being put into action.

by on Feb.16, 2017

FCA is moving production of the Jeep Cherokee from Ohio to Illinois as part of its production overhaul.

This story has been updated with new information.

Fiat Chrysler Automobiles plans to lay off more than 3,000 hourly workers as moves into the next stage of its manufacturing transformation, shifting car production to plants outside of the U.S., and allowing U.S. plants to build the company’s more profitable trucks and SUVs.

FCA expects to temporarily lay off 3,200 workers starting in April as it begins $700 million retooling of a plant in Toledo, Ohio, to build the next-generation Wrangler.  The workers will be laid off for up to six months, according to documents the company filed with the city and the state, and reported by the (Toledo) Blade.

We're Your Automotive News Source!

The layoffs were not a surprise, Jodi Tinson, an FCA spokesperson, told the Detroit Free Press. The plant currently produces the Jeep Cherokee and needed to end Cherokee production in Toledo in an adjacent plant and prepare for production of a new Wrangler there.  (more…)

Mopar Marks 80th Anniversary with Debut of Limited Edition Challenger

Mopar '17 Dodge Challenger is eighth in ongoing series.

by on Feb.10, 2017

Mopar chief Pietro Gorlier shows off the two versions of the Mopar '17 Dodge Challenger.

Mopar is celebrating its 80th anniversary in style, rolling out a customized version of the Dodge Challenger at this year’s Chicago Auto Show.

The Mopar ’17 Dodge Challenger is the latest in a series of limited-edition muscle cars from the parts division of Fiat Chrysler Automobiles. Only 160 of them will be offered, split evenly between two distinctive color schemes.

Product News!

“Since its birth in 1937, Mopar has evolved from the name of an antifreeze product to a global customer-care brand,” said Pietro Gorlier, the head of the parts brand. “The Mopar ’17 Dodge Challenger, our latest limited-edition vehicle, is a testament to this philosophy, showcasing how Mopar assists owners in personalizing all FCA U.S. vehicles.” (more…)

Automakers Look for Options, Weigh Costs Under Trump

Carmakers, car buyers, car workers might all feel the impact.

by on Jan.27, 2017

Pres. Donald Trump signing an Executive Order. He plans to enact a 20% Mexican tariff.

The increasingly contentious battle between the Trump Administration and Mexico could lead to some significant collateral damage, notably including both carmakers and car buyers.

With the Mexican government rejecting a White House demand to pay for a border wall, President Donald Trump now wants to not only negotiate the North American Free Trade Agreement but impose a 20% tariff on good imported from south of the border. After making extensive use of NAFTA to set up a network of manufacturing operations in Mexico, automakers could be among the hardest hit.

Beyond the Headlines!

But there is, for now, widespread disagreement about how to respond to the Trump plan. Japanese automakers Nissan and Toyota say they are looking for ways to increase U.S. production. Ford’s CEO, after meeting with the new president this week, is rejecting the idea of building any new U.S. factories. Meanwhile, Fiat Chrysler’s chief executive says it may be time to rethink the possibility of a merger with domestic giant General Motors.

(more…)

Fiat Chrysler Earnings Near $2b for 2016

Company says it will boost profit-sharing for hourly workers by 25%.

by on Jan.26, 2017

Despite weak sales of the now-cancelled Chrysler 200, FCA earnings surged for 2016.

Detroit’s smallest automaker closed the books on 2016 on a high note, delivering full-year earnings of $1.92 billion, after only marginally squeezing into the black the year before.

The turnaround should be good news to both Fiat Chrysler Automobiles investors and workers. The Euro-American automaker said it will nearly halve its net debt in the coming year. It also announced it would boost profit-sharing for U.S. hourly workers by 25%.

By the Numbers!

Net profits for all of 2016 jumped to 1.81 billion euros, or $1.92 billion, for FCA, which is officially registered in Amsterdam but operates one of its primary headquarters in the Detroit suburb of Auburn Hills. That compares with a meager 93 million Euro profit for all of 2015.

(more…)

Trump to Meet with Detroit CEOs on Tuesday

Plenty of room for deal-making.

by on Jan.24, 2017

Will Trump use the carrot, the stick, or both, during his meeting with Detroit's Big 3 CEOs.

With an assortment of global leaders set to visit the White House in the coming weeks, President Donald Trump will first take time to meet with the CEOs of the Detroit Three automakers in the Oval Office this morning, and it’s expected there will be plenty on the agenda.

Trump has put a lot of emphasis on the auto industry since launching his campaign in 2015, notably taking shots at the largest of the two domestic makers for importing cars from Mexico. He has threatened to enact a “big border tax,” according to a tweet fired at General Motors earlier this month, scuttled the Trans-Pacific trade pact and advised both Mexico and Canada of his plan to renegotiate the NAFTA deal.

Breaking News!

While industry officials worry about the impact of new trade barriers, they’re also hoping to get a sympathetic ear from the new president on a variety of their own concerns, including corporate taxes and government regulations like the tough Corporate Average Fuel Economy, or CAFE, mandate the EPA reaffirmed in the final hours of the Obama Administration.

(more…)

GM Investing $1b in US Plants, Adding or Saving 7,000 Jobs

Plan in the works before election, maker emphasizes.

by on Jan.17, 2017

GM has already invested $21 bil in its U.S. plants since 2010, adding 6,000 manufacturing jobs.

General Motors has confirmed widespread reports on Tuesday that it would invest another $1 billion in its U.S. manufacturing operations, but significantly increased the number of American jobs it plans to add.

The factory project will result in the creation or retention of 1,500 jobs, while another 450 jobs will be returned to the U.S. as GM transfers back production of axles from a plant in Mexico. In addition, the automaker will add 5,000 more jobs in finance and advanced technology “over the next few years,” it said in a Tuesday morning announcement.

Breaking News!

“As the U.S. manufacturing base increases its competitiveness, we are able to further increase our investment, resulting in more jobs for America and better results for our owners,”  said GM Chairman and CEO Mary Barra. “The U.S. is our home market and we are committed to growth that is good for our employees, dealers, and suppliers and supports our continued effort to drive shareholder value.”

(more…)

GM Investing $1b in U.S. Plants – Stresses Move Not Driven by Trump

New move to add or retain 1,000 jobs.

by on Jan.17, 2017

CEO Mary Barra said last week that GM will not alter investments to please the new president.

General Motors is expected to announce a $1 billion investment in its U.S. factories on Tuesday, a move that will allow the nation’s largest automaker to create or retain about 1,000 American jobs, according to several sources. Specific details about where the investment will be targeted have not been disclosed yet.

The announcement will come exactly two weeks after President-elect Donald Trump threatened to impose a “big border tax” on GM for importing the hatchback version of its compact Chevrolet Cruze model from Mexico. And it follows other investment U.S. announcements made this month by cross-town rivals Ford Motor Co. and Fiat Chrysler Automobiles.

Setting the Record Straight!

But GM sources stressed that the new investment by the automaker was not driven by the incoming president’s threats – a position echoed by GM General Counsel Craig Glidden in a story by the Wall Street Journal.

(more…)

Fiat Chrysler Latest to be Charged With Rigging Diesel Emissions

Automaker’s stock price tumbles in wake of EPA allegations.

by on Jan.12, 2017

The Ram 1500 turbodiesel has won a number of awards since its 2015 introduction.

Barely 24 hours after the U.S. Justice Department announced a $4.3 billion settlement with Volkswagen AG in connection with the German maker’s diesel emissions scandal, the Environmental Protection Agency accused Fiat Chrysler Automobiles of rigging its own diesel engines to illegally pass emissions test.

The agency said the so-called defeat device technology “appeared to cause the vehicles to perform differently when being tested” than when in use in real-world conditions. That was the same thing the EPA, in September 2014, charged that Volkswagen had done. Since then, VW has paid out close to $25 billion in fines and penalties related to the scandal. And FCA stockholders, apparently fearing a similar financial hit, sent the maker’s stock tumbling in the wake of the latest revelation.

http://www.thedetroitbureau.com/about/subscribe

Enviro News!

“This is a clear and serious violation of the Clean Air Act,” said Cynthia Giles, assistant administrator for the EPA’s Office of Enforcement and Compliance Assurance. “The undisclosed software results in increased emissions of nitrogen oxides from the vehicles, threatening public health by polluting the air that we breathe.”

(more…)

The Demon Returns – as Next Dodge Hellcat

New Dodge Challenger SRT Demon could top 707-hp.

by on Jan.12, 2017

The Demon is coming - a scene from the teaser video announcing the new Dodge Demon.

For those who didn’t think the Dodge Charger and Challenger Hellcat models, with their 707-horsepower hemi V-8s were powerful enough, salvation is coming – in the form of the new 2018 Dodge Challenger SRT Demon set to make its debut at the New York International Auto Show three months from now.

The Demon name is a blast from the past. It was used for one of the old Chrysler Corp.’s classic ‘70s muscle cars, though back then it was based off the old two-door Dodge Dart. Dodge hinted it might want to resurrect the name with the debuting of a roadster concept, dubbed Dodge Demon, that made its debut at the Geneva Motor Show in 2007.

Subscribe Now!

The new beast, it turns out, will be based off the same modern coupe as one of Fiat Chrysler’s current Hellcat models, the Dodge Challenger SRT. But it apparently has some devilish new tricks.

(more…)

Management Shake-up at FCA

Manley trims portfolio – gives up China, but gets to focus on Jeep.

by on Jan.11, 2017

Mike Manley, here introducing the new Jeep Compass, is going to get to focus solely on Jeep and Ram truck after the shuffling of executives at FCA.

Seemingly always in motion, Fiat Chrysler’s Mike Manley might finally get a few hour’s sleep each night as he finds himself at the center of a management shake-up at the Euro-American automaker.

Manley will no longer oversee FCA’s Chinese and Asia-Pacific operations, it was announced on Wednesday. But what might seem, at first glance, to be a bit of a demotion is, at closer inspection, a recognition that Manley was simply too spread out to handle some of his more critical assignments.

News Now!

That includes overseeing the development and sales of some of the automaker’s most profitable product lines: the Jeep and Ram brands. Both have been gaining ground amidst the current shift from cars to light trucks. (more…)