Fiat Chrysler Automobiles revealed that they spent over 300 million euros ($362 million) on green credits last year in Europe, most of which went to Tesla. In 2019, FCA, which is now part of the newly-formed Stellantis, committed to spending around $2 billion on regulatory credits through the end of 2021. Stellantis CFO Richard Palmer […]
Read More
The company previously known as Fiat Chrysler Automobiles has plead guilty to one count of conspiracy to violate the Labor Management Relations Act. The plea was accepted by US District Judge Paul Borman. Under the plea agreement, first announced in January, is expected to include a $30 million fine and three years of oversight by […]
Read More
Chrysler dealers are hopeful that the merger between Fiat Chrysler Automobiles and the PSA Group will secure the long-term future of the brand. Chrysler only currently sells the 300 sedan and the Pacifica and Voyager minivans but, according to chairman of the Stellantis National Dealer Council, David Kelleher, Stellantis can fortify Chrysler with technologies from […]
Read More
Fiat Chrysler announced today that it has reached an agreement with U.S. prosecutors over a criminal probe into alleged illegal payments to former UAW officials. The automaker will pay a $30 million fine and has agreed to plead guilty to a single count of conspiracy to violate the Labor Management Relations Act, according to Reuters. […]
Read More
As of this morning, January 16, the long-awaited Stellantis merger between Peugeot S.A. (PSA Group) and Fiat Chrysler Automobiles N.V. (FCA) is official, effective immediately. Stellantis’ common shares will begin trading on the Paris and Milan stock exchanges starting next Monday, January 18, and on the New York exchange on Tuesday, January 19. See: Italian Government […]
Read More
A plan that would have seen Peugeot return to the U.S. market by 2026 might be canned now that the automaker has merged with Fiat Chrysler Automobiles. The French brand had planned to introduce its vehicles to the North American market. According to Automotive News, though, Peugeot CEO, Jean-Philippe Imparato, hinted that this decision will […]
Read More
Fiat Chrysler Automobiles has become the latest automaker to expand into urban air mobility as the company has entered into a definitive agreement with Archer. The California-based firm is slated to unveil their first electric vertical takeoff and landing (eVTOL) aircraft later this year and plans to put it into production in 2023. This timetable is […]
Read More
Shareholders approved the merger between Fiat Chrysler Automobiles and Groupe PSA yesterday, and everything is set to be wrapped up on January 16th. Once that occurs, Stellantis will become one of the largest automakers in the world as they’ll have 14 brands which range from mainstream to luxury and performance. However, not all brands are […]
Read More
Fiat Chrysler is injecting $250 million into its India unit in order to grow its presence locally, as well as to launch four new Jeep-branded SUVs over the next two years. The investment will result in the local manufacturing of a mid-size, three-row SUV, as well as the assembly of Jeep Wrangler and Cherokee models, […]
Read More
Poor sales in Europe and weakness in China would have resulted in Stellantis being the world’s 6th largest carmaker in 2020, instead of the 4th largest. FCA and PSA’s assertion that their combined efforts would result in the inception of the world’s fourth-largest car company was based on vehicle sales from 2019, as per Autonews […]
Read More