Tag: FCA

FCA Bought $362 Million Worth Of CO2 Credits In Europe Last Year, Mostly From Tesla

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 […]

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Chrysler Dealers Hopeful That Stellantis Can Save The Brand

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 […]

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FCA Pleads Guilty, Will Pay $30 Million Fine For Alleged Illegal Payments To UAW Officials

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. […]

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FCA And PSA Merger Now Official, Stellantis To Start Trading On Stock Markets

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 […]

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FCA Jumps Onto Electric Aircraft Bandwagon, Announces Partnership With Archer

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 […]

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