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Posts Tagged ‘Fiat-Chrysler’

Alfa Romeo Set to Debut New SUV in Los Angeles

FCA continues growth of Italian brand.

by on Oct.13, 2016

Alfa Romeo's Harald Wester unveils the new Giulia models at the Geneva Motor Show. The brand's SUV is set to debut in Los Angeles.

Just a month after the long-delayed Giulia finally hit U.S. showrooms, Alfa Romeo appears ready to unveil a new SUV to join the Italian brand’s sedan.

The Fiat Chrysler brand plans to debut the small sport-ute at this year’s Los Angeles Auto Show, reports the Detroit News. The automaker confirmed its arrival, it declined to provide any details about the new vehicle.

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FCA Chief Sergio Marchionne has talked for some time about a new ute for Alfa called the Stelvio. Currently, the Stelvio is in the midst of testing in Europe, but the maker hasn’t uttered much about its arrival in the states. (more…)

Big Changes Coming for Dodge Charger, Challenger Models

New platform, lighter weight, 300 hp twin-turbo four among updates.

by on Jun.03, 2016

A Dodge Charger concept shown to dealers last August bore a strong resemblance to this 1999 concept.

Two of Fiat Chrysler Automobile’s most classically American models will become a little more global when they undergo complete makeovers two years from now.

While FCA officials are saying little to nothing about the planned mid-2018 replacements for the Dodge Charger and Challenger muscle cars, it appears they will likely switch platforms, adopting an “architecture” getting its first use for the all-new 2017 Alfa Romeo Giulia.

A Real Performer!

While there will likely be a number of modifications made for the American muscle cars, a key goal will be to slash the weight of the next-generation models. One media report this week suggested the Dodge Charger, in particular, is targeted to shed as much as 500 pounds of mass. That would mirror moves made by key rivals General Motors and Ford.


Fiat Chrysler Idling Midsize Sedan Plant Extra Three Weeks

Sterling Heights line to remain shut a total of nine weeks.

by on Mar.07, 2016

Before the shutdown, the Chrysler 200 stacked up on dealer lots despite hefty incentives.

Fiat Chrysler’s assembly plant in the Detroit suburb of Sterling Heights will remain closed until early April, three weeks longer than originally planned, due to sluggish sales.

FCA Chief Executive Sergio Marchionne has already said he wants to end in-house production of two midsize models, the Chrysler 200, as well as the Dodge Dart, shifting manufacturing to a contract supplier. That would free up space for more popular – and higher profit – models, such as the company’s pickups and SUVs.

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Even though the Sterling Heights plant has already been idled for five weeks, there was still a 147-day backlog of Chrysler 200 sedans, as of March 1, according to industry data. While down from a 217-day supply at the start of the shutdown, that’s still more than twice the industry norm of 60 to 65 days’ inventory.


FCA Sees Sharp Slide in US Q3 Net Income

Recalls take their toll on earnings.

by on Nov.05, 2015

FCA ordered a major recall in July when hackers were able to take control of a Jeep.

The U.S. has been the cash cow for Fiat Chrysler Automobiles since the trans-Atlantic was formed in 2009, but things took a severe turn for the worse in the latest quarter.

Net income at FCA’s U.S. operations plunged 89% during the July-September quarter, to $70 million compared with $611 million a year earlier. That was one key factor behind the overall $330.4 million loss Fiat Chrysler reported for the third quarter.

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Fiat Chrysler US reported a $1 billion one-time charge on Thursday, including a $159 million of the pretax charge covered damage to FCA vehicles during the devastating series of explosions that devastated the port in the city of Tianjin, China in August.


Former Chrysler Turns $2.6 Bil Profit

But margins remain razor-thin.

by on May.08, 2015

The numbers may not be as good as they first appear, leaving much work ahead for FCA CEO Sergio Marchionne and his team.

In a major turnaround, FCA US – the former Chrysler – turned a $2.6 billion profit for the first three months of this year, compared with a $690 million loss during the first quarter of 2014.

But the American side of trans-Atlantic automaker Fiat Chrysler may not have much reason to celebrate, the vast bulk of its earnings coming from tax benefits as it changed its tax status when Chrysler became a wholly owned subsidiary.

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There were, nonetheless, some positive signs for the company which saw vehicle shipments jump 8%, to 718,000 cars, trucks and crossovers. That was largely due to strong demand for the new Jeep Cherokee and Renegade models, as well as the redesigned Chrysler 200. (more…)

Chrysler Acquisition Hammers FCA Earnings

But U.S. operations also drove revenue growth.

by on Jan.28, 2015

FCA Chief Executive Sergio Marchionne's acquisition of Chrysler carried a high cost last year.

When it comes to the American half of its newly merged company, investors will have to decide whether the glass is half empty for Fiat Chrysler Automobiles.

That’s because the cost of completing the acquisition of suburban Detroit-based Chrysler bludgeoned the trans-Atlantic maker’s earnings. But the Chrysler side also delivered a healthy 11% increase in FCA’s overall revenues.

By the Numbers!

Legally headquartered in the Netherlands, Fiat Chrysler is reporting that its 2014 net profit fell by two-thirds, to 632 million Euros, or $718 million. For 2013, the maker had a restated net of 1.9 billion Euros. For the final quarter of 2014, the maker earned 420 million Euros, down from 1.2 billion during the same period in 2013.


“Ruinous” Practices Threaten Automakers, Warns FCA’s Marchionne

“Overkill” in last year’s recall crisis may have been “the only acceptable answer.”

by on Jan.13, 2015

The auto industry may be looking at increasing sales, but FCA CEO Marchionne is still worried.

The U.S. auto market may be heading into a very good year, but there’s still reason to worry, cautioned FCA Chief Executive Officer Sergio Marchionne, during a well-attended media “roundtable” at the opening of the North American International Auto Show.

Like other senior executives gathered for a two–day preview, Marchionne said 2015 is likely to bring further sales gains in the U.S. He also said automakers appear to be showing great restraint in holding back on the “ruinous” practices of the past – such as excess incentives – that nearly destroyed the industry during the depths of the Great Recession.

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Nonetheless, the outspoken Marchionne said there are still reasons to fret. He pointed to the ongoing problem with excess capacity in Europe, and the fact that the auto business is so costly to compete in that a failure of a single major project could put a company at risk of failure.


Alphabet Soup as Chrysler Becomes FCA US LLC

Familiar name to remain only on Chrysler brand products.

by on Dec.16, 2014

More changes for the newly merged Fiat Chrysler.

After nearly 90 years, it’s the end of the road for the familiar Chrysler corporate name.

Just two months after the maker completed its merger with Italy’s Fiat, the U.S. side of the company will abandon the familiar Chrysler Group LLC to become FCA US LLC.

What's in a Name!

The name is meant to better reflect that of the new parent company, the global Fiat Chrysler Automobiles NV.

“FCA US continues to build upon the solid foundations first established by Walter P. Chrysler in 1925 as well as a rich Fiat heritage that dates from 1899,” the company said in a prepared statement.


Chrysler Sees 32% Jump in 3Q Profits

Maker rides strong sales of Jeep and Ram during quarter.

by on Nov.05, 2014

Chrysler saw its net income rise 32% during the third quarter due to an increase in vehicle sales, like the Chrysler 200.

Chrysler Group LLC reported that its net income increased by 32% to $611 million for the third quarter while its revenue increased by 18% to $20.7 billion. The increases came on the backs of improved sales across its lineup.

“Jeep sales were up 44% while Ram sales were up 27% and marketshare in the U.S. increased by one full point to 12.3%,” said Richard Palmer, Chrysler’s chief financial officer. “We’re clearly the fastest growing company in the American market.”

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The automaker expects worldwide vehicle shipments to reach 2.9 million units this year, which will generate $80 billion in revenue with adjusted net income coming in between $2.3 billion and $2.5 billion, Palmer said. (more…)

FCA, Hyundai Movin’ on Up with New HQs

Automakers pick pricey digs to call home.

by on Sep.19, 2014

Fiat Chrysler's headquarters in London has an impressive neighbor: the Queen of England. Photo Credit:

Fiat Chrysler Automobiles and Hyundai Motor suddenly have one thing in common: a willingness to spend big money for their new headquarters buildings in Great Britain and South Korea.

The two companies recently plunked down cash on for locations that raised eyebrows. Fiat Chrysler (FCA) is putting its international home in the most expensive office district in the world in London’s West End.

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FCA agreed to lease three floors in The Economist Plaza, a building on St James’s Street that also houses The Economist magazine and is a 10-minute walk from Buckingham Palace, according to Bloomberg. The area is home to some of London’s priciest shopping. (more…)