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Posts Tagged ‘Fiat Chrysler Automobiles’

Great Wall May Not Seek Jeep Takeover After All

“Big uncertainties,” says Chinese carmaker.

by on Aug.22, 2017

Great Wall Motors has been hoping to sell vehicles, such as the Hover H7, in the U.S.

Just a day after reports surfaced that China’s leading SUV maker, Great Wall Motor Co., was considering the acquisition of Fiat Chrysler Automobiles’ Jeep brand, it is signaling it may not be ready to make a bid, after all.

On Monday, news reports quoted several Great Wall officials indicating their interest in Jeep, an icon of the sport-utility market. But a day later, the Chinese manufacturer is signaling there are “big uncertainties” as to whether it will move forward, the Bloomberg news service reported Tuesday. For its part, FCA officials have said they have not been approached by the Chinese company.

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Fiat Chrysler CEO Sergio Marchionne has long been expressing an interest in finding a partner, though he has been rejected by a number of Western competitors, including General Motors and Volkswagen. A month ago, Marchionne raised speculation further when he responded, “Yes,” when an automotive analyst asked if FCA might be willing to just sell off its Jeep or Ram brands.

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China’s Great Wall Planning Bid for FCA – But Will Trump Be a Roadblock

Chinese maker could seek a complete acquisition or just go for the lucrative Jeep brand.

by on Aug.21, 2017

FCA CEO Donald Trump, right, met with Pres Trump and GM CEO Mary Barra earlier this year.

Chinese automaker Great Wall Motors is expected to make a formal bid to acquire all, or at least some of the assets of, Fiat Chrysler Automobiles, according to several reports out of Asia Monday morning.

The news comes a week after initial reports surfaced that FCA had rejected an earlier bid from an unspecified Chinese automotive manufacturer. At the time, there was speculation several of that country’s native carmakers might seek such a deal with the spotlight focusing on both Great Wall and Guangzhou Automobile Group, which currently has a joint venture with FCA to produce Jeeps.

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Great Wall is the largest Chinese producer of sport-utility vehicles and pickups, something that would be a “perfect fit” with FCA’s Jeep and Ram brands, said analyst Joe Phillippi, of AutoTrends Consulting. It is not clear if Great Wall would seek to acquire just those two divisions or all of Fiat Chrysler.

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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.

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Life’s a Drag, Says Mopar

Parts and performance division launches supercharged Drag Pak

by on Jun.26, 2015

Kind of a drag. Mopar launches two versions of its new Dodge Challenger Drag Pak.

Just because life’s a drag doesn’t mean you can’t enjoy yourself. And for performance fans, Fiat Chrysler says it has just the cure – the new Mopar Dodge Challenger Drag Pak which will offer a choice of engines including Mopar’s first supercharged package.

The Drag Pak is a factory-prepped package car specifically tuned for drag racing, and gives buyers the option of either a 426-cubic-inch Hemi V-8 or a supercharged 354-ci Hemi.

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“Today, we write the next page in our performance playbook with the reveal of the production Mopar Dodge Challenger Drag Pak, a vehicle that offers, for the first time, a supercharged engine that provides our racers more options,” said Pietro Gorlier, Mopar President and CEO, “Our brand,” he added, “is committed to supporting Mopar drivers who compete at all levels.”

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Fiat Rolls Out New Version of 500c

Brand looks to play on history to draw buyers.

by on Apr.15, 2015

FCA introduced its 2015 Fiat 500c 1957 Edition hatchback and cabrio models.

The Fiat 500 has earned more than its share of plaudits for its eye-catching design.

The car is instantly recognizable and has certain curb appeal long absent from workaday sedans. But even Fiat Chrysler Automobile diehards admit privately that the 500 is probably too small for the typical American consumer, who wants more room and more power.

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But the car’s diminutive size hasn’t stopped marketing experts at FCA US from making a valiant effort to sell new and different versions of the 500 to American customers. The latest version, which is making its debut in time for spring and summer when the interest in top-down driving peaks, is the new 1957 Edition Cabrio with its soft top. (more…)

FCA Expects New 500X to Grow Brand’s Sales

Maker looks to exploit fast-growing segment.

by on Apr.14, 2015

FCA is hoping the new 500X will bolster Fiat brand sales in the U.S.

After four years, Fiat Chrysler Automobiles has taken its share of lumps for the halting performance of the Fiat brand in the U.S. where it still hasn’t won the hearts and minds of the American consumers.

Nevertheless, the Fiat brand has established a beachhead in California with the introduction of the new Fiat 500X. FCA US hopes to raise the brand’s profile across the country starting there. Last year, Fiat sold a total of 46,121 vehicles or fewer vehicles than struggling brands such as Mitsubishi and Volkswagen. But more than 30% of Fiat’s sales were in California, which remains the center of the automotive fashion.

Global Insight!

As it stands, Fiat has done relatively well in California, observed George Peterson, president of AutoPacific, which track product developments in the car business. (more…)

First Drive: 2015 Chrysler 300

Value and performance in the same package.

by on Dec.23, 2014

The 2015 Chrysler 300 can be had with full-speed forward collision warning, adaptive cruise control and lane departure warning with lane keep assist.

The Chrysler 300 isn’t exactly a new car.

It’s been around since the middle of the last decade, but the enduring appeal of its exterior design plus the almost constant attention from Fiat Chrysler Automobiles engineers and product planners has turned the 300 into full-sized sedan that can hold its own against more expensive rivals.

What's in a Name!

For one thing, the inside of the 300, initially a wasteland of gray or tan plastic, has been completely rebuilt so the spacious interior with soft-touch materials are presented with artfully selected accents and a variety of textures that serve to create a comfortable ambience throughout the cabin. (more…)

Big Uncertainties Await as Fiat Chrysler Goes Public

Marchionne “SWAG”gers.

by on Oct.13, 2014

Fiat Chrysler commemorated its listing on the NYSE with a banner outside of the NYSE.

It may be in the car business, but shares of the new Fiat Chrysler Automobiles have been riding a rollercoaster during their first day of trading on the New York Stock Exchange under the symbol FCAU.

Hoping to attract investors who want a piece of the Chrysler comeback story, the newly merged company will be offering shares on both the Milan and NY exchanges. But it appears that the market isn’t quite what sure to make of the trans-Atlantic automaker. FCAU opened in the Big Apple at $9 a share, surged to $9.55 and then quickly settled back. The stock, which had dropped as low as $8.84, closed the day at $8.92.

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“Today marks the beginning of our journey as one global automaker, one FCA,” declared CEO Sergio Marchionne in a statement marking the start of Monday’s trading. But over the weekend, the executive who almost singlehandedly pushed through the alliance acknowledged, “I have no idea” how the market will react, suggesting the best he could offer was  “SWAG,” or “scientific wild-ass guess, that the stock will “do well” in the “medium to long-term.” (more…)

Chrysler Reports 22% Jump in Q2 Profits

Increased sales, better pricing helps maker to strong result.

by on Aug.06, 2014

Jeep is the fastest growing brand in the U.S., according to Chrysler Group, and played a central role in its strong second quarter.

Chrysler Group LLC, which is now part of Fiat Chrysler Automobiles, rode a steady increase in sales to 22% increase in net income during the second quarter.

Net income for the second quarter totaled $619 million for the quarter, compared to $507 million in the year-ago quarter, the Chrysler group said in its preliminary financial report for the second quarter and first half of 2014.

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Net revenue for the second quarter was $20.5 billion, up 14% from $18 billion a year ago. Net revenue for the first half of the year was $39.4 billion, compared with $33.4 billion a year ago. Increased shipments of vehicles such as the Ram pickup and the all-new Jeep Cherokee drove the year-over-year improvements. Jeep is also now the fastest growing brand in the auto industry. (more…)

Fiat Chrysler Stock to List on NYSE in August

Critical completion to merger.

by on Jul.05, 2014

Fiat and Chrysler expect to formally complete their marriage with an Aug. 1 shareholder vote.

Fiat Chrysler Automobiles has disclosed in a filing with Securities and Exchange Commission that it is prepared to list 750.5 million shares on the New York Stock Exchange once its shareholders finalize the takeover of the Chrysler Group.

Despite completing the acquisition of Chrysler stock earlier this year, FCA will not exist legally until shareholders vote to approve the merger August 1 during a special meeting. The prospectus filed by FCA said it intends to begin trading its stock on the first day following the merger.

The Last Word!

The FCA common shares will be listed on the NYSE and also are expected to be listed on the principal Italian stock exchange in Milan, the Mercato Telematico Azionario, or MTA, pending the approval of authorities in Italy and the Netherlands where the new company will be chartered. FCA has already set up its headquarters in London and will use Chrysler’s home in Auburn Hills and Fiat’s base in Turin as its operational headquarters.

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