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

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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

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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

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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

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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

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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

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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

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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

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