Fiat Chrysler Automobiles NVNYSE
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  • Wed, Oct. 19, 12:07 PM
    • Fiat Chrysler Automobiles (FCAU +0.8%recalls 310.8K vehicles in separate recall actions.
    • 225K Jeep Wrangles SUVs from the models years 2016 and 2017 are being recalled due to faulty sensor wiring.
    • The automaker is also recalling about 86K Ram pickup trucks (2500/3500/45/99/5500) from model years 2007 to 2013 and Dodge Chargers from model years 2011 to 2014 on concerns over alternator wear.
    | Wed, Oct. 19, 12:07 PM | 1 Comment
  • Wed, Oct. 19, 11:35 AM
    • The focus on Apple's (AAPL -0.2%) influence in the automobile sector has shifted away from straight manufacturing to ways the tech company could integrate software, information systems, or automated driving capabilities into next-gen models.
    • The recent developments with Project Titan also raise the stakes on which automakers strike a significant partnership with Apple if the venture makes it past 2017 (the reported AAPL deadline).
    • While many auto industry watchers think major automakers won't convert to the Apple ecosystem across their portfolio, high-end "Applefied" models are seen as a realistic possibility.
    • "A luxury automobile with 'Apple Inside'? That could be hit, and a profitable one yet," writes Los Angeles Times columnist Michael Hiltzik.
    • SA contributor Bret Kenwell also dug into the Project Titan issue earlier this week.
    • Previously: Bloomberg: Apple scales down automotive strategy, plans to build car postponed (Oct. 17)
    | Wed, Oct. 19, 11:35 AM | 64 Comments
  • Fri, Oct. 14, 7:49 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) car registrations +14.2% to 90,848 units in September, according to the European Automobile Manufacturers Association.
    • Overall EU + EFTA registrations +7.2% Y/Y to 1,455,810 units in September on broad gains across the continent. Registrations were up 9% in Germany and 17% in Italy.
    • Fiat market share: 6.1% vs. 5.7% a year ago.
    • Fiat YTD registrations +15.3%.
    • Results include the Fiat, Jeep, Lancia, Chrysler and Alfa Romeo brands.
    • EAMA release (.pdf)
    | Fri, Oct. 14, 7:49 AM | 3 Comments
  • Tue, Oct. 11, 10:28 AM
    • There's a donnybrook breaking out between Fiat Chrysler Automobiles (FCAU +0.3%) and Cummins (CMI +1.8%) over recall costs for 130K Ram trucks with emissions problems.
    • Fiat filed a lawsuit to recover $60M in costs for repairs it made on the Cummins engines. Cummins countered with a suit of its own.
    • The dispute is giving an inside look at some of the some of the costs automakers take on with large recalls.
    • Cummins is higher today after Goldman Sachs weighed in.
    • Previously: Caterpillar and Cummins log gains after being touched by Goldman (Oct. 11)
    | Tue, Oct. 11, 10:28 AM | 3 Comments
  • Tue, Oct. 11, 2:28 AM
    • Fiat Chrysler (NYSE:FCAU) has reached a tentative deal with unionized workers in Canada by agreeing to make more than C$400M ($301M) in investments in local operations.
    • The pact was announced just minutes ahead of a midnight strike deadline that could have sent more than 9,000 workers off the job.
    • Union members will vote on the accord at ratification meetings on October 16.
    | Tue, Oct. 11, 2:28 AM | 8 Comments
  • Mon, Oct. 10, 4:28 AM
    • Negotiators from Unifor and Fiat Chrysler (NYSE:FCAU) will not be with their families today celebrating Canadian Thanksgiving.
    • The union has set a strike deadline of midnight for its 9,750 members employed by the automaker, and is looking for a contract similar to the one it signed last month with General Motors Canada.
    • Among other things, that deal traded pension benefits for shortening the time it takes newly hired employees to reach full wage rates.
    | Mon, Oct. 10, 4:28 AM
  • Tue, Oct. 4, 5:22 PM
    • Fiat Chrysler’s (NYSE:FCAU) U.S. unit fails to persuade a federal judge to throw out an antitrust lawsuit claiming it pushed dealers to submit fraudulent sales numbers.
    • While rejecting Fiat’s motion to dismiss antitrust and other claims, including allegations of price discrimination, the judge did toss the racketeering claim brought by Napleton’s Arlington Heights Motors in Illinois in a lawsuit filed earlier this year.
    • Napleton provided enough evidence that Fiat’s incentives and subsidies “injured competition,’’ bolstering the antitrust claim, according to the judge's order.
    | Tue, Oct. 4, 5:22 PM
  • Mon, Oct. 3, 3:54 PM
    • Several major automakers posted lower sales in September in another sign that a peak in demand may have been reached. Ford (NYSE:F), Fiat Chrysler Automobiles (NYSE:FCAU), and Volkswagen (OTCPK:VLKAY) all saw volume drops, while Nissan (OTCPK:NSANY), Toyota (NYSE:TM), and Subaru (OTCPK:FUJHY) gained some market share during the month.
    • Once again, pickup sales were strong in the U.S. Ram pickups stood out with a 29% increase over last year's mark.
    • Average transaction prices rose by about 2.5% in September, according to an estimate from Kelley Blue Book.
    • The industry could still have a record year if demand is strong in Q4, although some analysts are warning on the impact of the higher level of discounting on profit.
    | Mon, Oct. 3, 3:54 PM | 7 Comments
  • Mon, Oct. 3, 10:00 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) leaned on its Ram brand to keep it within striking distance of peers in September.
    • Retail sales accounted for 76% of total sales.
    • Brand sales growth: Fiat -30% to 2,913; Chrysler -27% to 18,797; Jeep +12% to 86,468; Dodge -6% to 42,935; Ram +27% to 51,866; Alfa Romeo 41.
    • Notable model sales: Compass -16% to 6,482 units; Renegade -13% to 6,776 units; Ram P/U +29% to 47,792 units; ProMaster Van +17% to 3,218; Durango -9% to 4,274 units; Dodge Caravan -18% to 8,179 units; Pacific minivan (new) 9,172 units.
    | Mon, Oct. 3, 10:00 AM | 1 Comment
  • Mon, Oct. 3, 9:53 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) unit sales -1% to 192,883. Kelley Blue Book forecast a decrease of 1.6% for the month.
    • Car sales fell -17% Y/Y to 47,482 units.
    • Utility sales -3% to 93,535 units.
    • Truck sales rose +27% to 51,866 units.
    • YTD 2016 U.S. sales +4% to 1,714,360 units.
    | Mon, Oct. 3, 9:53 AM | 1 Comment
  • Sun, Sep. 25, 8:41 AM
    • Canada's Unifor union has set a tentative strike deadline of midnight Oct. 10 for talks with Fiat Chrysler (NYSE:FCAU), as the labor group prepares to vote on a related deal with General Motors.
    • Under a process called patterned bargaining, the agreement with GM - if ratified by members - would be used as a template for talks with other automakers, which are expected to agree to similar terms.
    | Sun, Sep. 25, 8:41 AM | 6 Comments
  • Fri, Sep. 23, 4:44 AM
    • Unifor said the next company in its contract negotiations with the Detroit Three automakers will be Fiat Chrysler (NYSE:FCAU), pending ratification of a tentative agreement with General Motors.
    • The union, which represents about 23,000 autoworkers in Canada, reached a four-year agreement earlier this week with GM, averting a possible strike.
    | Fri, Sep. 23, 4:44 AM
  • Sat, Sep. 17, 10:35 AM
    • General Motors (NYSE:GM) is negotiating with Canadian labor group Unifor this weekend in front of a strike deadline set for midnight on Tuesday.
    • GM is the lead target for Unifor as it looks to also rework the four-year contracts with Ford (NYSE:F) and Fiat Chrysler Automobiles (NYSE:FCAU) that expire on September 19.
    • Despite all the sound and fury this week over Ford shifting small car production to Mexico, it's Canada which has been impacted the most by the technology advances of assembly plants in Mexico.
    • Previously: Ford plays defense on Mexico strategy (Sept. 15)
    | Sat, Sep. 17, 10:35 AM | 21 Comments
  • Fri, Sep. 16, 6:13 PM
    • The Canadian auto workers union says thousands of factory employees will strike at two General Motors (NYSE:GM) plants if a Monday night contract deadline is missed.
    • Unifor President Jerry Dias says several weeks of negotiations with GM officials have not achieved the union’s stated goal of securing commitments for future production at GM's Canadian plants; the union has chosen GM as the target company in talks that will set a pattern for negotiations with Ford (NYSE:F) and Fiat Chrysler (NYSE:FCAU).
    • A strike would disrupt the supply of the engines that go into the biggest versions of GM's sport utility vehicles including the Chevrolet Suburban and Cadillac Escalade, among the company's biggest money makers.
    | Fri, Sep. 16, 6:13 PM | 40 Comments
  • Thu, Sep. 15, 4:41 PM
    • Fiat Chrysler (NYSE:FCAU) says it is recalling 1.9M vehicles worldwide, including 1.4M in the U.S., to repair a condition that may keep air bags and seat belt tighteners from deploying in a crash.
    • FCAU says three fatalities and five injuries possibly are related to the problem.
    • In the U.S., affected vehicles include 2010 Chrysler Sebring, 2011-14 Chrysler 200 and 2010-14 Dodge Avenger midsize cars; 2010-12 Dodge Caliber compact cars; and 2010-14 Jeep Patriot and Compass sport utilities.
    | Thu, Sep. 15, 4:41 PM | 3 Comments
  • Thu, Sep. 15, 7:45 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) car registrations +20.4% to 47,925 units in August, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +10.0% Y/Y to 819,126 units in August, led by strong growth in Italy and Spain. Registrations were up 8% in Germany and 3% in the U.K.
    • Fiat Chrysler market share: 5.6% vs. 5.1% a year ago.
    • Fiat Chrysler YTD registrations +15.5%.
    • Results include the Fiat, Jeep, Lanca, Chrysler, Alfa Romeo, and other brands.
    • EAMA release (.pdf)
    | Thu, Sep. 15, 7:45 AM | 1 Comment