Connect to share and comment

Jeep exec says will have deal for China production by end April

By Bernie Woodall (Reuters) - Fiat Chrysler Automobiles <FIA.MI> will announce an agreement by the end of April to allow production of Jeep models in China, the head of the Jeep brand, Mike Manley, said on Wednesday. Manley said he hoped the deal with Chinese officials could be announced at this weekend's Beijing auto show.

Chrysler to take $130 million charge in first quarter due to Venezuela

DETROIT (Reuters) - A change in the way it measures currency in Venezuela will cause Fiat Chrysler Automobile's <FIA.MI> Chrysler Group LLC unit to take a $130 million charge in its first quarter, Chrysler said on Friday in a filing with U.S. regulators. The uncertainty over the exchange rate in Venezuela also may have an impact on Chrysler's business in future quarters in the country, the company said in its filing.

Chrysler recalling nearly 870,000 Jeep Grand Cherokee, Dodge Durango SUVs due to brake defect

DETROIT - Chrysler is recalling nearly 870,000 SUVs, including 42,380 in Canada, because corrosion may make the vehicles' brakes harder to use. Jeep Grand Cherokee and Dodge Durango SUVs from the 2011 through 2014 model years are involved. Chrysler says crimp joints in the brake boosters can corrode if they're exposed to water. If the water freezes, the boosters won't aid braking as they usually do. Chrysler began investigating after some customers said their brakes felt too firm when pressed down. The company knows of one accident, but no injuries, due to the defect.

Ford's US auto sales rebound in March

Ford's US auto sales accelerated in March, pulling out of a February slump blamed on brutal winter weather, while General Motors delayed its results over a computer problem. Ford, the second-largest US automaker, said total sales in its home market rose 3.0 percent in March from a year ago, to 244,167 vehicles. "March sales turned noticeably higher mid-month and finished strong," John Felice, Ford vice president, US marketing, sales and service, said in a statement.

Chrysler shows 13 percent increase in March U.S. auto sales

DETROIT (Reuters) - Chrysler Group, a unit of Fiat Chrysler Automobiles <FIA.MI>, beat expectations by showing a 13 percent rise in March auto sales in its home United States market, the company said on Tuesday. Ram trucks had their best March sales in 10 years, said Reid Bigland, chief of U.S. sales for Chrysler. Ram truck sales rose 26 percent to 42,532. Cherokee SUV sales of nearly 14,000 were 10 times year-ago sales of the vehicle it replaced in the automaker's lineup, the Jeep Liberty SUV.

Fiat Chrysler aims for Oct 1 NYSE listing

Fiat Chrysler Automobiles aims to list its shares on the New York Stock Exchange on October 1, chief executive officer Sergio Marchionne said Friday. The Italian giant changed its name after completing the purchase of Chrysler in January, nearly five years after Marchionne took the helm of the US automaker as it emerged from a government-backed bankruptcy restructuring.

Wynne 'taken aback' by Chrysler decision to bail on potential government funds

TORONTO - Ontario was blindsided by Chrysler's abrupt decision to bail on a potential deal that could have seen hundreds of millions of government dollars used to upgrade two of its plants, Premier Kathleen Wynne said Wednesday. Chrysler Canada had asked Ontario and Ottawa for a reported $700 million as part of a $3.6-billion dollar investment in two plants in the province.

Chrysler halts appeal for Canadian funds, will still invest in plants

By Susan Taylor and Bernie Woodall TORONTO/DETROIT (Reuters) - Chrysler Group LLC said on Tuesday that it would push ahead with development plans for two key assembly plants in the Canadian province of Ontario, but will keep its "strategic options" open after withdrawing requests for government funding.

Italy-made Jeep true test of Fiat-Chrysler's global ambitions

By Agnieszka Flak GENEVA (Reuters) - The Jeep Renegade, which debuted at the Geneva auto show on Tuesday, will be the first true test of the recent marriage between Italian carmaker Fiat and its U.S. unit Chrysler, meant to allow both to share technology, cash and dealer networks. Fiat Chrysler Automobiles' <FIA.MI> new small Jeep should help the carmaker reach an ambitious sales target of 1 million vehicles for the brand this year and will test the world's seventh-largest auto group's ability to compete globally.

Chrysler commits to Ontario plants, but withdraws request for government aid

TORONTO - A decision by Chrysler Canada to commit to bringing a new minivan assembly line to Windsor, Ont. was greeted with caution Tuesday, as the auto giant said it was no longer looking to the federal and Ontario governments for funding. The car maker said in a statement that it will bring the new minivan line to the Windsor plant, while its facility in Brampton, Ont., will also "benefit" with "substantial product interventions" that will come to market as early as the second half of this year. No further details were made available.
Syndicate content