GM and another foreign carmakers announced additional investment in the U.S. President-elect Donald Trump’s bullying tactics appear to be working in favor of his bid to create more jobs in the country.
Google, having detached itself for the moment from the ‘google car’ project, the company has this dream being realized by a separate company called ‘Waymo’. The driverless autos (basically supercomputers on wheels) could turn into a general sight on the streets in a couple of years!
Google is purchasing around 100 Chrysler Pacifica minivans from Fiat Chrysler Automobiles and will equip them with its self-driving tech, the first time a Silicon Valley company is working closely with a car manufacturer.
As the country’s employment rate improved, consumer confidence as well as spending has increased leading to increases in sales of most major carmakers in the United States in March – their best in 16 years.
Ferrari S.p.A's parent company, Fiat Chrysler Automobiles, will be selling 10 percent of its shares to better compete with its rivals BMW and Volkswagen. Fiat Chrysler chairman also announced its intention to make Ferrari to be treated as a luxury-goods manufacturer instead of a regular car maker.
Fiat Chrysler has issued recalls for more than a million of its pickup trucks over several issues. One issue was identified through an investigation, and it has something to do with the side bags of the driver's seat that can easily inflate without the vehicle getting into a crash or a collision.
Fiat Chrysler has recalled thousands of Jeeps just two months after its massive recall of 1.4 million Jeep Cherokees in the United States. The latest recall from the automobile manufacturer was largely due to another software issue.
Fiat Chrysler CEO is very persistent about the merger with General Motors, convinced that combining both entities will generate about $30 billion per year in cash. Despite a claimed well-structured proposal, GM CEO has still refused.
Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) said it had priced an offering of 87 million common shares at $11.00 each as the carmaker seeks funds to cut debt and pay for an ambitious investment plan.
Fiat Chrysler Automobiles (FCA) (FCHA.MI) (FCAU.N) said on Thursday it had launched an expected share offer and a $2.5 billion mandatory convertible bond as it seeks to reduce its mounting debt pile and fund an ambitious five-year investment plan.