FCA's vast Mirafiori plant in Turin, Italy, Fiat's former hometown, illustrates a major reason why no combination deal has happened before, and the challenges for a tie-up that could face Italian political and labor opposition to any factory closures.
Continue Reading the above article 'Fiat Chrysler's Italian headaches show challenges ...
Detroit Mayor Mike Duggan hinted the city was in talks with at least four logistics and supplier teams to expand in Detroit, promising an additional 1,000 to 2,000 jobs on top of the 4,950 promised by FCA.
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The deal between Fiat Chrysler and Renault may include an exchange of equity, people familiar with the matter told Bloomberg. Nissan isn’t involved, though the transaction would allow the carmakers to join forces later, the people said.
Continue Reading the above article 'FCA set to unveil Renault tie-up as early as Monda...
President Trump's escalating trade war with China could end up being a competitive advantage for some Chinese automakers racing to launch their retail networks in the U.S.
Continue Reading the above article 'In U.S.-China fight, fortune may favor bold...
The Dutch aluminum giant Constellium wanted to get serious about the U.S. auto market, so it bought a plant that makes aluminum for beer cans.
Continue Reading the above article 'The secret to Constellium's success? Billions of b...
Investors are losing some confidence as U.S. subsidies wane for its pricey electric vehicles and more rivals begin to flood the market.
Continue Reading the above article 'Tesla slumps as investors despair...
Fiat Chrysler is considering a tie up with Renault that could eventually lead FCA to becoming part of the Renault-Nissan alliance, according to reports.
Continue Reading the above article 'FCA in talks to forge extensive ties with Renault,...
President Trump's decision to delay imposing tariffs on European's car industry comes as a welcome relief to automakers, but Volvo CEO Hakan Samuelsson says the potential of a trade war between the two global power players is "worrying."
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Talk about fusion or shareholding changes between Renault, Nissan and Mitsubishi was “reopened a bit dramatically and wasn’t necessary,” Renault Chairman Jean-Dominique Senard said. “It’s been spoken about a lot recently and made people frightened. We all have our sensitivities.”
Continue Reading the above article 'Renault’s Senard says 'serenity' needed in Nissa...
GM has remained in stealth mode a year and a half after re-establishing its defense unit. What is known is that the new leadership team will be responsible for launching several hydrogen fuel cell-powered products.
Continue Reading the above article 'GM defense unit gets new leaders, stays quiet on p...