Automotive industry company news
The perennial rivalry between the optimistic and the pessimistic about what the Brazilian market will be like this year has hit a peak in th...
A fair number of interesting stories came out of Geneva this week. We learned, for example, that Jeep almost got yanked from the UK market i...
I have to admit to being a little surprised at how much interest a new pickup truck attracted on just-auto this week. OK, a new segment for the automaker, Fiat, a little ingenuity in the barn-door, flexible configuration tailgate but, initially, only for South America. Perhaps the fact the name Chrysler is also appended to the word Fiat these days? And, given that South America is from where VW lobs the Amarok to the world, and the Renault-Nissan-Mercedes-anyone else want a rebadged LCV-alliance is working on several variations of the Japanese partner's Navara/Frontier truck for the globe, with some production in Argentina, I'd not be suprised to see this new Toro on sale, also in RHD, pretty much worldwide at some point. Fiat Brazil has exported light commercials widely before, including neatly packaged van and pick-up versions of the Uno it kept in production for decades.
The Volkswagen group 'emissions scandal' rumbled on this week as more skeletons were rattled out of closets. There's bound to be a few more when the automotive equivalent of the Spanish inquisition starts internally, following this week's report that "around 50" employees have come forward just ahead of the deadline to testify in the group's internal investigation into the emissions controls cheating scandal. Employees had been given until Monday to come forward to testify without fear of repercussions - on the part of VW.
A highlight for me in the last week was a go in what Nissan UK bills its third generation Leaf - the 2016 update with an optional longer range 30kwh battery that fits in the same space, weighs 21kg more and propels my favourite EV about 25% further - a theoretical 250 kilometres or, in old money, 155 miles.
We'll permit ourselves a small 'told you so' this week after Jaguar Land Rover finally confirmed it would build the Range Rover Evoque in Brazil from early 2016, as well as the previously confirmed Land Rover Discovery Sport - which Our Man in Brazil first reported last May. JLR had said earlier it would only do 'new' models at the plant, but our sources said otherwise, and it makes sense to do the country's top selling JLR model locally as it (a) gets the price down, increases supply and frees up capacity at the Halewood, England, mother ship. And the high local content encouraged in Brazil allows local variation to suit market needs. JLR also now makes the Evoque at a joint venture in China (again, this gets the price down in a tax-protected market) and also assembles some models in India (ditto). All of which frees up UK capacity.
Nexteer, the former GM Saginaw steering division, has flourished under the ownership of China-based Pacific Century Motors its owner since 2011. Calum MacRae caught up with Nexteer’s president and COO Laurent Bresson at the recent NAIAS.
Fiat's 500 family could be the template for future C or D segment models, Fiat global brand chief Olivier Francois has hinted in an interview with just-auto.
Fiat Chrysler Automobiles chief executive Sergio Marchionne has a rearrangement of North American factories to favour truck and Jeep production over car output will be completed by early 2018.
Fiat Chrysler Automobiles has beaten analysts' first-quarter profit forecasts, helped by a strong performance in North America.
Fiat-Chrysler has started operations at its new joint venture plant in Guangzhou, southern China.
FCA's new bet in the still growing Brazilian subcompact market segment, the Fiat Mobi, looks better in photos than in the metal, largely because the nose appears exceptionally large compared to the truncated rear. It's based on a shortened Uno platform (the model it replaces) and was designed at the Betim Development Centre in Minas Gerais state, home to the main FCA manufacturing plant.
Fiat-Chrysler CEO Sergio Marchionne is reportedly whittling down the list of potential automotive merger partners and it’s now down to three.
Fiat Chrysler Automobiles is to merge its media and publishing business Itedi with Italian media group, GELE, and focus on the core business of making cars.
Fiat Chrysler came within a few weeks of pulling Jeep out of the UK in 2012 as sales plunged and dealers bailed out - then Steve Zanlunghi pitched a plan at his boss Sergio Marchionne.
Further delays to the long-awaited introduction of new Alfa Romeo models are all the fault of China, according to Fiat Chrysler chief Sergio Marchionne.
Half of British drivers (49%) are concerned about the safety of the connected car, with automotive manufacturers also admitting there could be a security lag of up to three years before systems catch up with cyber threats.
US lawmakers reportedly have stepped up pressure on federal government regulators and Takata to speed up the recall of millions of airbag inflators, citing evidence the supplier manipulated data to cover up problems with its products.
Right hand drive Jeep Wrangler utes (local-speak for utility or pickup truck) have gone on sale in New Zealand where the Thai-built Ford Ranger was best selling commercial vehicle last year with 6,818, units and 17% market share and also the top selling model overall, the first time a commercial vehicle has outsold a passenger model.
Fiat Brazil has long wanted to enter the profitable, five-passenger, mid-size, double cab, pick-up truck segment in South America.
An executive reshuffle, Mardi Gras holidays and the ever worsening economy amid a deepening recession have all combined in this first quarter of 2016 to delay final construction work on Tata Motors' Jaguar Land Rover assembly plant in Itatiaia, 174km/108 miles west of Rio de Janeiro City. Now opening is postponed a little to late April or early May.
Fiat Chrysler's finance unit FCA Bank said on Friday (19 February) it had booked an "unprecedented EUR249.1m net profit for the year on the back of record financed volumes".
Fiat Chrysler's announcement a new minivan at its Windsor, Ontario, factory will mean twice as many jobs as first expected is a reflection of Canada's competiveness in the auto sector, the head of the Unifor union said.
The US National Highway Traffic Safety Administration (NHTSA) has confirmed details of the latest 1.7m vehicle recalls by two major German automakers and said a third also plans to recall multiple vehicles from model years dating back over a decade. All are fitted with driver side airbags with potentially faulty Takata inflators.
According to Iran Daily, which quotes the chairman of the Iran-Italy Joint Chamber of Commerce, FCA is to set up a joint venture with Iran Khodro.
FCA Latin America has just opened its second development centre in Brazil in Recife, capital of the north-eastern state of Pernambuco, 70km/44miles from the group’s newest manufacturing plant in Goiana, where Jeep and Fiat products are made.
In 2015 the European car market totalled 14.2m new registrations, an increase of 9.3% over 2014 full year results; the highest since 2009. The market benefited from the last two months of double-digit growth with December setting the highest positive monthly change of the last three years at 1.16m units. Therefore, the last quarter volume increase was the highest of the year, standing at 10.2% more than in Q4 2014, representing 3.42m cars sold in total. The Seasonally Adjusted Annual Rate, SAAR, came in at 16.52m units.
Automakers recalled a record 51.26m vehicles in the US in 2015, continuing a historic surge for car companies facing an unprecedented government crackdown on safety lapses, a media report said.
Last year, 2015, new car registrations in Europe's Big Five markets passed the 10m units mark, increasing by 8.8% compared to 2014. All five markets posted positive growth with Germany leading the way with 3.2m units, up by 5.6%, although this was the lowest annual increase among the five countries.
The replacement for the C-segment Jeeps Compass and Patriot is to have its world premiere at the New York auto show in March. FCA will again employ the same risky strategy that has just seen the big-selling Chrysler Town & Country and Dodge Grand Caravan replaced by one model.
I was at an industry conference a few days ago and the usual 'megatrends' were present in a number of presentations (typical buzz words and terms: 'urbanisation', 'megacities', 'digitisation', 'connectivity', 'autonomous', 'sharing economy', 'disruptors', 'new mobility' - you get the picture).
The Fiat 500 – car or fashion accessory? At the launch of the updated model this week there was plenty of evidence to suggest it's more the latter than the former.
Fiat S.p.A. - Mergers & Acquisitions (M&A), Partnerships & A
MarketLine's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Fiat SpA (Italy)
This report presents quick facts about Fiat SpA, which is principally involved in the Manufacture and Distribution of Automobiles....
Fiat Chrysler Automobiles N.V. (Italy)
This report presents quick facts about Fiat Chrysler Automobiles N.V., which is principally involved in the Manufacture and Distribution of Automobiles....
- THE WEEK THAT WAS - Diesel developments
- Comment - emissions 'failures' hardly a surprise
- ANALYSIS - supercharged Jaguar XF
- ANALYSIS - 2016 Kia Carnival Platinum
- THE WEEK THAT WAS - VW agrees a deal with the US
- JLR achieves aluminium recycling milestone
- Ford books record Q1 pre-tax profit
- Ford to idle top-selling truck's plant for a week
- Mitsubishi orders plunge in crisis
- German government incentivises electric car sales