Fiat

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Merger Creates New Auto Giant Stellantis

PSA Peugeot, Fiat Chrysler combine to form world's 4th-largest car company

(Newser) - Stellantis, the car company combining PSA Peugeot and Fiat Chrysler, was launched Monday on the Milan and Paris stock exchanges, giving life to the fourth-largest auto company in the world. Shareholders in both companies voted in favor of the merger earlier this month, and it became official on Saturday. Stellantis...

The World Is Getting a New No. 4 Automaker

Via the merger of Fiat Chrysler and Peugeot

(Newser) - The boards of Fiat Chrysler Automobiles and PSA Peugeot on Wednesday signed a binding merger deal creating the world’s fourth-largest automaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies. The companies said in a joint statement the new group...

Automaker Files 'Unprecedented' Lawsuit

Fiat Chrysler is in the legal crosshairs

(Newser) - General Motors is suing Fiat Chrysler, alleging that its crosstown rival got an unfair business advantage by bribing officials of the United Auto Workers union, the AP reports. The unprecedented lawsuit, filed Wednesday in US District Court in Detroit, alleges that FCA was involved in racketeering by paying millions in...

A New Auto Giant May Be Right Around the Corner

Chrysler-Renault merger would forge the world's third-largest automaker

(Newser) - Fiat Chrysler proposed on Monday to merge with France's Renault to create the world's third-biggest automaker and save billions of dollars needed to invest in the race to make new electric and autonomous vehicles, the AP reports. The merged company would reshape the global industry: It would make...

Fiat Chrysler Had No Idea CEO Had Been Ill So Long

Sergio Marchionne had been receiving treatment for 'serious illness' for more than a year

(Newser) - The illness and death of Fiat Chrysler's fast-charging, unconventional CEO may have seemed sudden and surprising to many, but Sergio Marchionne was apparently sick for longer than anyone—even his employer—knew. That news comes to the Wall Street Journal from University Hospital Zurich, which notes Marchionne had a...

'He Saved Our Company': Fiat Chrysler CEO Dies at 66

Sergio Marchionne passed away after complications following shoulder surgery

(Newser) - "Who the hell is this guy?" was an analyst's reaction to Sergio Marchionne when the latter joined the auto industry in 2003. Fifteen years later, Marchionne has earned a description from the Wall Street Journal as "one of the last larger-than-life car-maker CEOs," though that comes...

Fiat Chrysler Replaces Gravely Ill CEO

Sergio Marchionne revived a brand many though unsalvageable

(Newser) - The CEO of Fiat Chrysler has stepped down after a company statement says he suffered serious complications following a surgery. Sergio Marchionne was replaced after leading the charge to completely turn around two flagging automobile brands. Per the New York Times , the 66-year-old has become gravely ill since the July...

Like VW, Fiat Chrysler Now in Trouble for Emissions

EPA accuses automaker's software of cheating on emissions levels

(Newser) - Less than 24 hours ago, Fiat Chrysler was anticipating hitting its 2018 financial targets. On Thursday, the automaker came under fire from the EPA, per Reuters , with the agency alleging Fiat Chrysler cheated on diesel emissions—just a day after six Volkswagen honchos were indicted in that company's own...

Fiat Says Its $1B Move Has Nothing to Do With Trump

Investment will create 2K jobs in Michigan, Ohio

(Newser) - Fiat Chrysler may have earned itself a gold star from Donald Trump with the announcement of a $1 billion investment in updating two plants in Michigan and Ohio, a move expected to create around 2,000 jobs by 2020. The company says a plant near Detroit will make new Jeep...

Fiat Heir's Claim That Escort Kidnapped Him Was a Lie: Cops

Lapo Elkann, 39, has been arrested

(Newser) - The stylish grandson of the Italian founder of Fiat Automobiles falsely claimed he was held against his will by an escort with whom he had spent two days consuming drugs and alcohol in New York, a law enforcement official told the AP on Tuesday. Lapo Elkann, 39, was arrested Saturday...

Jeep Owners Sue for Flaw That May Have Killed Star Trek Actor

Suit claims Fiat Chrysler should have done more to remedy gear shift issue

(Newser) - First came last year's hefty $105 million fine for recall lapses affecting more than 11 million vehicles. Then came the death Sunday of 27-year-old actor Anton Yelchin , whose recalled Jeep Grand Cherokee rolled and pinned him, per Jalopnik . Now Jeep Grand Cherokee owners have lobbed a class-action lawsuit against...

Pope's Tiny Car Makes Big Impression

'It's just such a perfect metaphor for his message'

(Newser) - Pope Francis' small black Fiat made quite an impression this week in Washington DC, buffered on either side by the large SUVs of his motorcade, NPR reports. "It looks like a clown car when they all get in it," a director of the Catholic University of America says....

Small Cars Don't Do So Well in Crash Tests

Mini Cooper Countryman gets 'good' rating; Nissan, Mazda, and Fiat models tank

(Newser) - Not that we'd ever want this to happen, but if you're going to get into a crash in a tiny car, you might want to be in a four-door Mini Cooper Countryman. That's the only small car out of 12 tested that earned a "good" rating...

Fiat Nabs Rest of Chrysler— at a Pretty Good Price

Deal will make Fiat world's 7th-largest auto group

(Newser) - America's No. 3 automaker has gone Italian. Fiat yesterday announced it has struck a $4.35 billion deal with the United Automobile Workers retiree health care fund that will see it buy the 41.5% of Chrysler it doesn't own, the New York Times reports. Per the deal,...

Chrysler Files for IPO
 Chrysler Files for IPO 
Sep 23, 2013 5:24 PM CDT

Chrysler Files for IPO

Valued at up to $100M

(Newser) - The Chrysler Group has filed paperwork for an initial public offering for some of its shares—the first time the company's shares will be publicly traded since 1998, the AP reports. The move comes at the behest of a United Auto Workers retirement trust, which owns 41.5% of...

Sheen Is Back, With 2 Awesome Ads

Charlie shills for Fiat, DirecTV

(Newser) - Charlie Sheen's "episode" really is over : He returns to the small screen in two commercials AdWeek dubs "great," though both of them do poke fun at the "winning" tiger-blood drinker . In the first ad, Sheen touts the fun of house arrest—when you're an...

US Sells All Its Chrysler Stock to Fiat

The 6% stake will sell for $500 million

(Newser) - The Treasury Department has reached a deal to sell its remaining 6% stake in Chrysler to Fiat for $500 million, making the Italian automaker Chrysler’s majority shareholder with a 52% stake, the Detroit Free Press reports. Fiat will then pay another $75 million for the government’s right to...

Fiat Splits in Two, May Up Stake in Chrysler to 51%

But says it has no plans to merge operations

(Newser) - Fiat traded as two separate companies today, after spinning off its trucks and tractors units, which will henceforth be known as Fiat Industrial, from its passenger car business on Jan. 1. The move has been widely praised, and could lead to a tighter integration between Fiat and Chrysler, according to...

Chrysler Adds Fiats, Dumps Dodge, Jeep Models

Revamped automaker will reintroduce Alfa Romeo to US

(Newser) - Now four months out of bankruptcy, Chrysler is set to unveil a new business plan that relies heavily on models from Fiat, its Italian partner, and abandons many American cars. The company will reintroduce the luxury Alfa Romeo to the US and also bring in a Mexican-built Fiat 500, the...

Chrysler Plans to Build Fiat in Mexico

(Newser) - Chrysler is planning to produce a Fiat-branded subcompact car at a plant in Mexico, insiders tell the Wall Street Journal. The move may anger two key shareholders of the restructured automaker—the US government and the United Auto Workers. Workers at the Toluca, Mexico, plant are represented by a Mexican...

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