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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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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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industry

CBT automotive newscast: September 22, 2020

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Today’s Featured Interview: MB dealer Gregory Baranco says 'manufacturers need to step up' their diversity efforts While there are over 18,000 dealers in the country, only...
sales

Carmakers Remain Hopeful Despite Disappointing Q2 Sales Results

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Though not unexpected, the continued downward trajectory of car sales this year still hurts. Overall, top brands such as Ford, Fiat Chrysler, and General Motors saw drops of over 30% in comparison to last year. The hope is that as production begins to turn back on and areas open more, the market will rebound. While […]
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carmakers

NA Automakers Well Positioned to Weather Recovery

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In the financial recession in 2008-09, carmakers were on the brink. More than $80 billion USD was provided by the government to bail out the Big Three in Detroit – FCA, General Motors, and Ford. And as the 2020 COVID-19 pandemic dug deep into the economy, it seemed as if the federal government would need […]
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COVID-19

More Auto Manufacturers Pause Production during COVID-19

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The coronavirus outbreak in the United States continues to claim auto industry casualties. Last week, the United Auto Workers union’s pressure on the Detroit 3 automakers culminated in closures. FCA North America, Ford Motor Company, and General Motors all announced that they would shut down production temporarily at their North American factories. The news of […]
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FCA and Renault

Uncertainty Looms as FCA and Renault Withdraw Merger Plans

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You would probably be justified in calling the failed merger between Italy’s Fiat Chrysler Automobile (FCA) and France’s Renault “eye-opening.” FCA has announced it will be terminating the $35 billion deal because Renault’s board was “unable to take a decision due to the request expressed by the representatives of the French state to postpone the […]
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Fiat Chrysler

Fiat Chrysler Releases Q4 2018 and Annual Report

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Fiat Chrysler Automobiles (FCA) has released its Q4 and full-year report for 2018. In an earnings call on February 7th, FCA’s Chief Executive Officer, Mike Manley, announced that the company had “delivered another record-breaking year of earnings and generated significant industrial free cash flow, enabling us to end the year for the first time cash […]
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Automotive Industry

Five Major Automotive Industry Developments in 2018

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In regard to the automotive industry, 2018 has been a year of continued innovation and various technological advancements. The year has also been a setting of changing attitudes related to how consumers purchase vehicles, their preferences, and what they expect the future to hold regarding car ownership. Over the past few years, there have been […]
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Auto Sales

The New Normal: Four Takeaways from April 2018 Auto Sales...

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March seemed like a promise of good things to come in relation to auto sales. However, analysts were right to be cautiously optimistic. April’s auto sales saw a five percent decline when compared to last year’s numbers. In comparison to last month, March saw sales of approximately 1,653,529, and April’s estimated numbers dropped to 1,349,742. […]
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