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Fiat Tops List of Most Unreliable Auto Brands

Fiat 500L rates least reliable new car by Consumer Reports.

by on Nov.09, 2015

The Fiat 500L was rated the most unreliable car by Consumer Reports based on reader feedback.

Consumer Reports often offers up plenty of controversial insights about new cars and its most recent list of the 20 least reliable vehicles for 2015 has at least one surprise on the list.

The new Mercedes-Benz C-Class made the list due to problems with electronics, steering and drive systems. The normally rock-solid reliability of the German brand was not as it normally is with the new entry-level Benz.

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Mercedes actually had two entries – the GL Class too – on the list, but it wasn’t alone in the luxury segment as the Infiniti QX60 and Cadillac ATS also founds spots. (more…)

Chrysler Profit Triggers First Profit-Sharing Checks Since 2005.

CEO Marchionne reveals Chrysler earnings offset Fiat deficit.

by on Feb.02, 2012

Chrysler workers will get $1,500 profit-sharing checks - and stand to earn another $1,750 if the maker can deliver four consecutive quarterly profits.

Chrysler workers have a variety of reasons to be pleased about the maker’s improving fortunes. They’re not only seeing thousands of jobs added but receiving their first profit-sharing checks since 2005 as a result of the maker landing in the black for the first time since 1997.

Meanwhile, Sergio Marchionne, the CEO of both Chrysler and Fiat, said the U.S. makers positive net offset a deficit at its Italian rival, which has been hammered by the European financial crisis – which has been particularly severe in Italy.

Marchionne wrote to U.S. hourly employees – who negotiated an improved profit-sharing formula as part of last-year’s new contract with the United Auto Workers Union, advising them they would get an average $1,500 each.

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“This is a reward that you have earned,” Marchionne proclaimed. “Your efforts rewrote the history that so many naysayers had forecast,” he added, a reference to the many outside skeptics who argued in favor of shutting down Chrysler rather than approving the maker’s 2009 federal bailout.