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FCA

FCA North America pleads guilty in labor corruption scandal

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On Monday, an executive for Fiat Chrysler North America acknowledged that the carmaker indeed conspired to pay in excess of $3.5 million in bribes to union leaders over the course of years. Now part of Stellantis, the automaker has agreed to pay a settlement of $30 million for the criminal charges associated with violations to […]
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PSA

FCA, PSA Group shareholders approve merger to form ‘Stellantis’

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An early-morning meeting for PSA Group shareholders on Monday has resulted in an overwhelming majority vote to merge with Fiat Chrysler Automobiles. With 99.85% support, the shareholders approved the move to combine with FCA to create the fourth-largest carmaker in the world.  In the deal worth $52 billion US altogether, FCA shareholders also met on Monday at 6:30am […]
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merger

PSA, Fiat Chrysler merger pushing to wrap up by end...

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The merger between PSA Group and Fiat Chrysler Automobiles NV is forging ahead with the goal of completing the transaction by the end of January, according to Bloomberg reports. The landmark deal is of incredible value to the automakers since operating together as newly-named Stellantis will save approximately $6.1 billion US in costs.  A successful merger will establish Stellantis as the […]
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Fiat Chrysler plans to roll out Ram electric pickup

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As electric vehicles continue to grow in popularity, More auto brands are jumping on the trend of building new EV models. The latest addition to the EV race is Fiat Chrysler’s Ram brand. During the company’s third-quarter earnings call, FCA CEO Mike Manley confirmed that a Ram EV pickup was in the works. FCA has […]
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women of color

Four FCA technical business leaders receive awards at Women of...

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As of 2017, only 11.5% of science and engineering employees were women of color. Additionally, this group only represented 14.1% of Bachelor degree holders in STEM fields. Nevertheless, automakers like FCA and events like Women of Color in Science, Technology, Engineering, and Math (STEM) look to bring more attention to the initiative of propelling more […]
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Damian Lillard

CBT automotive newscast: October 6, 2020

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Today’s Featured Interview: How to bring your best sales energy to the showroom floor - Jeff Shore Sales teams can often be discouraged by the high...

FCA and PSA revise merger due to COVID-19

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Fiat Chrysler and PSA announced plans to amend the merger that will launch Stellantis in 2021.  FCA announced in a press release that the amendments were made to address the liquidity impact on the automotive industry due to COVID-19. The companies plan to preserve the economic value with a 50-50 balance of the combined entity […]
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FCA

FCA’s Dedication to Building a More Diverse and Inclusive Dealer...

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At CBT News, we’ve talked a lot about diversity and the evident lack of minority representation in the retail automotive industry. This subject alone has left many companies scrambling to solve the tough questions of why and what can be done. Today, we’ve brought in two special guests to go in-depth on these issues. At […]
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EV market

CBT Automotive Newscast: August 18, 2020

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Today’s Featured Interview: FCA’s Dedication to Building a More Diverse and Inclusive Dealer Body Empowering minority-owned dealerships is a step in the right direction when it comes to growing diversity in the auto industry. OEMs must understand their role in creating successful opportunities for minority dealers. At FCA, Eric Wong and Wadette Bradford are using […]
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automakers

CBT Automotive Newscast: August 4, 2020

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Today’s Featured Interview: Sandy Schwartz on Transitioning to his New Role at the Cox Family Office The Cox Enterprise recently announced a series of transitions. After a long tenure, Cox Automotive president and CEO Sandy Schwartz is moving to a position in the company as CEO of the Cox Family Office. We sat down with […]
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