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Tag Archives: fca
Stellantis, LG Energy JV for North American Battery Production
The batteries produced at the new facility will be supplied to Stellantis assembly plants throughout the US, Canada and Mexico for installation in next-generation electric vehicles ranging from plug-in hybrids to full battery electric vehicles that will be sold under the Stellantis family of brands. Stellantis was created by the merger of Fiat Chrysler , aka FCA, and Peugeot or PSA. Continue reading
Stellantis Reports Legacy FCA, PSA 2020 Financial Results
Nonetheless Stellantis was profitable in 2020 despite COVID-19 with 7.1% Automotive adjusted operating margin at €3.4 billion. Its 9.4% H2 Automotive adjusted operating margin was a record. The net result of group share was €2.2 billion with €2.7 billion Automotive free cash flow and a €13.2 billion Automotive net financial position. Continue reading
Posted in economy, financial results
Tagged auto industry commentary, autoinformed, autoinformed.com, carlos tavares, fca, Ken Zino, Stellantis
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Stellantis – a Mega Merger of Auto Companies Names Execs
Today Stellantis officially announced its Executive Team along with the 9 dedicated committees* covering enterprise-wide performance and strategy for running the merged FCA and PSA companies. It is the latest merger in the capital-destroying automotive industry that seeks to pursue … Continue reading
Posted in economy, financial results, milestones, news analysis
Tagged auto industry commentary, autoinformed, autoinformed.com, carlos tavares, fca, Ken Zino, PSA
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Maserati Notes Tipo 300s Win at Venezuela Grand Prix
On 6 November 1955 the Maserati Tipo 300S, with Juan Manuel Fangio at the wheel, won the Venezuela GP, marking the start of two years of major successes. Today, Maserati notes this victory to underline its strong connection to the world of motor-racing whose viewership is off roughly 40% in a Covid infested world. Nonetheless, Maserati was born on the track with a tradition and history of wins on roads and circuits all over the world. What happens going forward is anyone’s guess. The new MC20 supercar will mark Maserati’s return to the world of racing. Continue reading
FCA Delivers Two 4xe Jeep Renegades to RSE
The data gathered during the tests will be highly significant – it’s hoped – for FCA technicians, who may receive an amount of information in a short period of time that would only have come to light after a much longer period of usage by customers. Continue reading
Auto Assembly Plant Restarts – Yes, Maybe and Unknown
FCA, GM, and Volkswagen announced planned to restart production at four plants during the week of 31 May 2020. Continue reading
FCA Expands Coronavirus Relief – 1 Million Meals for Kids
FCA said publicly yesterday its plants across the U.S. and Canada, as well as headquarters operations and construction projects, are to remain closed only until 14 April, dependent upon the various states’ stay-in-place orders and the readiness of each facility to return to production. (FCA to Restart of North American Operations?) The UAW is apparently not pleased with the decision that threatens the health and safety of its members. (UAW Balks at Reopening Workplaces) Continue reading
Posted in economy, environment, labor issues, people
Tagged auto industry commentary, autoinformed.com, COVID-19 Pandemic, fca, Kenneth Zino, Mike Manley
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FCA to Restart of North American Operations?
Note the irony of an Italian owned company where COVID-19 is raging unabated, assuming a business as usual approach to the global pandemic where the untied sates is now leading in the rate of diagnosis of the virus. Continue reading
Posted in economy, environment, labor issues, manufacturing, people
Tagged auto industry commentary, autoinformed.com, COVID-19, fca, Kenneth Zino, uaw
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FCA US Q3 Sales Flat at 565,000
FCA touted three sales records for the third quarter as buyer bought or leased premium technology and interior upgrades on heavy-duty trucks. Continue reading
Posted in sales
Tagged auto industry commentary, autoinformed.com, fca, Kenneth Zino, sec, us auto sales
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FCA Balks at French Government In-Laws. Renault Marriage Off
However, Renault’s Board of Directors was unable to take a decision due to the request by the representatives of the French State to postpone the vote to a later Council. Continue reading
Renault’s Board of Directors Continue FCA Merger Study
The proposed combination would create a global automaker, pre-eminent in terms of revenue, volumes, profitability and technology, benefiting the companies’ respective shareholders and stakeholders, according to FCA. Continue reading
Renault’s Board of Directors to Study with FCA the Merger
“After careful review of the terms of FCA’s friendly proposal, the Board of Directors decided to study with interest the opportunity of such a business combination, comforting Groupe Renault’s manufacturing footprint and creating additional value for the Alliance,” Renault said in a carefully worded statement. Continue reading
Posted in economy
Tagged auto industry commentary, autoinformed.com, automotive blog, fca, Groupe Renault, Ken Zino
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Groupe Renault Board Meeting Now on FCA Merger Bid
Based on FCA and Groupe Renault’s 2018 global sales, the combined company would be #4 in North America, #2 in EMEA and #1 in Latin America and would have the increased resources necessary to grow its footprint in the APAC region. On a simple aggregated basis of 2018 results, the combined company’s annual revenues would be nearly €170 billion with operating profit of more than €10 billion and net profit of more than €8 billion. Continue reading
Posted in milestones, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, fca, Groupe Renault, Ken Zino
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Stellantis Posts Q3 Sales Up 37%. Pre-Tax Profit €3B
Stellantis* today posted a pre-tax operating profit of €3 billion. The company that is partly comprised of Jeep, Dodge Jeep and Ram said the strikes cost it around €750 million. However the strikes – characterized as “work stoppages”- resulted in … Continue reading →