Third air bag death confirmed, owners urged to get repairs
Stellantis and U.S. safety regulators have confirmed that an exploding Takata air bag inflator has killed another driver. The company and the National Highway Traffic Safety Administration reiterated warnings to owners of 274,000 older Dodge and Chrysler vehicles to stop driving them until faulty inflators are replaced. Stellantis announced two deaths in November caused by the air bags and said it suspected the inflators caused another.
news.yahoo.comMan shot at after side-swiping vehicle blocking Michigan freeway, police say
DETROIT – A man was shot at early Tuesday after he side-swiped a vehicle blocking a freeway in Detroit, officials said. Around 4:50 a.m. on Tuesday, Oct. 11, Michigan State Police were called to a crash that involved shots fired on the Lodge Freeway in Detroit, according to a news release from MSP. The victim side-swiped the Chrysler, hitting the open driver’s door. The victim pulled over and got out to check on the people in the Chrysler and an altercation ensued, police said. The victim heard two shots as he fled to his vehicle, police said.
mlive.comMichigan loses Stellantis project to Indiana. The state must “raise the level of our game.”
Chrysler parent company Stellantis is building its next electric vehicle project outside of Michigan. A joint venture between Stellantis and Samsung for an electric vehicle battery factory will be built in Kokomo, Indiana. Michigan offered the automaker several sites in state but ultimately lost the bid — a tough loss after the state funneled $1 billion in state funds to attract large business projects. “We understand that we have to continue to raise the level of our game and we’ll continue to do so,” he said. The Strategic Outreach and Attraction Reserve (SOAR) fund was created after Michigan lost out on an $11.4 billion electric vehicle investment from Ford Motor Company.
mlive.comMichigan automakers donating to help Ukrainians fleeing violence
The Big Three Detroit automakers are supporting relief efforts in Ukraine. General Motors, Ford Motor Company and Stellantis, the parent company for Chrysler, each said this week they will donate to support Ukrainians who have been displaced by the Russian invasion.
mlive.com4 family members killed in central California highway crash
Four members of a family from Washington state were killed and three were injured in a crash on Interstate 5 in central California, authorities said Thursday. All seven victims were in a Chrysler minivan when it struck a big rig parked on the shoulder Wednesday morning near Fresno, according to California Highway Patrol Officer Rory Marks. The highway patrol said those killed were 43-year-old Lute Katalina Fekitoa, 25-year-old Naomi Cook, and two children — a 13-year-old boy and 9-year-old girl.
news.yahoo.comArizona Supreme Court: Jeep can be sued over girl's death
The family of a little girl who was killed when her mother's car was rear-ended by a Jeep on a Phoenix freeway can sue the SUV's manufacturer for wrongful death because it did not install automatic emergency braking devices that were available as optional equipment, the Arizona Supreme Court ruled Tuesday. The court rejected arguments from lawyers for Jeep parent company Fiat Chrysler Automobiles US that the National Highway Transportation Safety Administration's decision not to require the devices pre-empted the state lawsuit. The decision written by Justice Bill Montgomery also overturned a similar 2019 decision that said automakers were immune to such lawsuits because of the federal agency's decision not to require the technology.
news.yahoo.comChrysler announces first battery-electric vehicle, aims for all-electric lineup by 2028
Chrysler aims to have an all-electric vehicle lineup by 2028, the century-old automaker announced Wednesday. Chrysler says its first battery-electric vehicle will be available by 2025. The crossover concept called the Chrysler Airflow includes a new AI-enabled vehicle system powered by a battery that it says can travel 350 to 400 miles per charge. “The Chrysler Airflow Concept represents the start of the brand’s journey toward a fully electrified future. “The Chrysler Airflow Concept represents the future direction of the Chrysler brand, providing a peek at the dynamic design, advanced technologies and seamless connectivity that will characterize the full-electric portfolio we plan to reach by 2028,” said Chris Feuell, Chrysler brand CEO - Stellantis.
mlive.comPolice ID woman killed in two-vehicle crash in Iosco County
TAWAS CITY, MI — A two-vehicle collision in Iosco County has claimed the life of a Greenbush woman. The crash occurred about 10:25 a.m. on Sunday, Nov. 28, on US-23 near Whittemore Road, just south of Tawas City. The Toyota’s driver, a 31-year-old man from Hinsdale, Illinois, lost control of his vehicle and crossed the centerline, crashing into the Chrysler. Denelle Havercroft, a passenger in the Toyota, died of injuries she sustained in the crash, troopers confirmed. The Toyota’s driver and the two 69-year-old Alanson residents who occupied the Chrysler were all hospitalized for treatment of serious injuries, troopers said.
mlive.comFCA Stellantis to be fined over auto plant pollution, say regulators
DETROIT, MI — Michigan regulators say they’re planning to fine FCA Stellantis over mounting air pollution violations at assembly plants in Warren and Detroit. In a letter to FCA plant managers in Detroit and Warren, EGLE staff said the equipment violations are considered “high priority” by the EPA. The state says Stellantis can resolve them though an agreement that includes a monetary penalty and compliance plan. “Although the plant is operating within its permitted emission limits, correcting this condition is our top priority,” Brieda wrote. The increase in emissions at the Detroit facility was “offset” by reductions at the Warren facility within the permit despite knowledge of pre-existing high levels of asthma in the census tracts closest to the Stellantis plant.
mlive.comDetroit Jeep assembly plant odors prompt complaints, citation
The violation notice is the first to be issued. Residents are complaining of burning eyes, headaches and other affects they attribute to the industrial odors, Byrnes said. The Sept. 20 violation notice rated the odors as a three and four on a five-point scale. FCA plant neighbors told Fox2 Detroit this week that the odors have worsened recently as the assembly plant began painting automobiles. The company has received hundreds of millions in state and local tax incentives for the assembly plant.
mlive.comMan, 27, critically injured in Kent County crash
KENT COUNTY, MI – Two people were injured in a four-vehicle crash Wednesday morning. The van driver, a 56-year-old Rockford woman, hit a Dodge Avenger trying to turn and a Buick car that was driving through the intersection, police said. A Ford pickup stopped at a stop sign was also hit. The van driver had minor injuries and was also taken to Spectrum Butterworth Hospital. More from MLive:Millage easily passes for Grand Rapids Public Schools operating budgetWest Michigan businesses expect ‘strong growth’ in second half of 2021Huizenga, Courtade win close primary for 28th District Senate seat covering large area of Kent County
mlive.comFiat-Chrysler recalls over 500K Ram trucks because the wheels can literally fall off
DETROIT -- More than 500,000 heavy-duty Ram trucks have been recalled by Fiat-Chrysler over a problem with the lug nuts that can cause the wheels to fall off. According to the Associated Press, the company says specifications in some of the service and owner’s manuals had the wrong torque specifications. The company also says the wheels were tightened properly at the production facilities, so only trucks whose wheels have been removed for service are at risk. The recall impacts certain 2012 through 2021 Ram 3500 heavy-duty pickups, and Ram 4500 and 5500 cab-chassis, according to the AP. Those trucks have dual rear wheels and flanged lug nuts.
mlive.comAnn Arbor-area softball players to watch for rest of 2021 season
ANN ARBOR – The 2020 softball season was lost in the blink of an eye. MLive has highlighted 11 Ann Arbor-area softball players to keep an eye on for the remainder of the 2021 season. The players listed were compiled based on input from area coaches, team and season stats up to this point in the season. --Sam Sutton, DexterSeniorSutton was a first team Ann Arbor Dream Team selection as a sophomore in 2019 and has picked up where she left off in 2021. --Ceci Maixner, Ann Arbor PioneerJuniorMaixner had a solid freshman season that led to Dream Team honorable mention honors.
mlive.comPark outdoors: Ram recalls heavy-duty trucks for fire risk
DETROIT – The company that makes heavy-duty diesel Ram trucks is telling some owners to park them outdoors due to the risk of an engine fire. Fiat Chrysler, now part of Stellantis, is recalling just over 20,000 of the trucks mainly in the U.S. and Canada. The company says the 2021 pickup and chassis cab trucks have heater electrical relays that can short, overheat and in rare cases cause fires. None involved customer vehicles. The recalled trucks are equipped with 6.7-liter Cummins diesel engines.
Car Connection picks 2021 Chrysler Pacifica as best minivan to purchase
AUBURN HILLS, Mich. — The Car Connection is recognizing the new 2021 Chrysler Pacifica as its Best Minivan to Buy 2021, marking the fifth consecutive year Pacifica has earned Best Minivan to Buy honors. The Chrysler Pacifica is the most awarded minivan over the last four years, with more than 140 honors and industry accolades. “No other vehicle does utility like the 2021 Chrysler Pacifica, especially now that it comes with all-wheel drive,” said Martin Padgett, editorial director of Internet Brands Automotive, publishers of The Car Connection. The Pacifica Hybrid continues to be eligible for a $7,500 federal tax credit, as well as any state and local credits. The Car ConnectionThe Car Connection is the easiest place to research and shop for cars online.
grossepointenews.com2021 Ram truck owner encouraged to park vehicle outside due to fire risk, recall announced
DETROIT -- Fiat Chrysler says it will recall thousands of 2021 model year heavy-duty diesel Ram trucks over concerns of a possible fire hazard and are warning owners to park their trucks outside. The issue can even happened when the engine is turned off, leading the company to tell owners of impacted trucks to leave the truck outside. Approximately 20,000 of the trucks will be recalled in the U.S. and Canada once the company has developed a repair. The trucks being recalled are equipped with 6.7-liter Cummins diesel engines, according to the AP. Owners wanting to learn more or to find out if their truck has been recalled can call the company’s customer service line at 1-800-853-1403.
mlive.comMetro Detroit weather: Expect blue skies and milder conditions on first spring afternoon of the year
This May 12, 2020, photo shows a general view of the Renaissance Center, headquarters for General Motors, along the Detroit skyline from the Detroit River. Scarves, gloves and hats can be shed by the middle of Saturday afternoon. Skies will be blue, the sun will be out and temperatures will rise to milder ranges. It will be chillier near the Detroit River and the big lakes. Watch: Saturday, March 20, 2021 afternoon weather updateThis is the perfect weather for an afternoon drive.
Fiat Chrysler spent over $300 million on green credits in Europe last year — mostly from Tesla
Fiat Chrysler said Wednesday on an earnings call that it spent EUR 300 million (US $362 million) on regulatory credits last year in Europe alone — most of which it bought from Tesla. In 2019, FCA committed to spend about $2 billion on environmental regulatory credits through the end of 2021. Selling these regulatory credits has been an increasingly important part of Tesla's business as the automaker has pushed toward sustained profitability. In 2020, Tesla generated $1.58 billion in revenue from sales of regulatory credits, nearly tripling its 2019 figure of $594 million. 2020 regulatory credit sales ended up being higher than our expectations, and it's difficult to give guidance on that," Kirkhorn said.
cnbc.comFiat-Chrysler to pay $8K in profit-sharing bonuses to UAW employees
DETROIT – Fiat-Chrysler will pay its union-represented employees profit sharing bonuses of up to $8,010 after the company recorded a $29 million net profit in 2020, parent company Stellantis announced. The payments are expected to hit bank accounts on March 15, FOX 2 Detroit reports. The profit sharing arrangement is part of the 2019 collective bargaining agreement between FCA and the United Auto Workers, the report said. In 2020, UAW members received bonuses of $7,280. READ MORE:Michigan’s unemployment agency director got $86,000 to leave job, on condition of confidentialityWednesday, March 3, coronavirus data by Michigan county: Five counties had no cases in past weekRestaurants, casinos, gyms, nursing homes: All the changes Michigan made to COVID-19 restrictions on Tuesday118-year-old Great Lakes freighter catches fire in Duluth harbor
mlive.comStellantis CEO says 4th largest carmaker to be disruptive
The Italian-American carmaker and the French mass-market automotive company completed their merger on Jan. 16, creating Stellantis, the world’s fourth-largest carmaker, despite a pandemic year that saw profits plunge. “Stellantis is not born from a crisis,’’ Tavares told a conference call after fourth-quarter earnings were released. Fiat Chrysler reported adjusted net profits in the pandemic year of 1.9 billion euros ($2.3 billion), down 57% from 2019. PSA reported earnings of 2.2 billion euros, a drop of 32%. Fiat Chrysler reported fourth-quarter adjusted earnings before interest and taxes of 2.3 billion euros, a record 2.2 billion euros of those generated in North America, where the profit margin was 11.6%.
Chief of Cherokee Nation wants Jeep to stop using tribe's name on SUVs
2019 Jeep Cherokee Trailhawk Source: Fiat ChryslerThe principal chief of the Cherokee Nation wants Jeep to stop using the tribe's name on its SUVs, saying it "does not honor us by having our name plastered on the side of a car." Jeep started using the Cherokee name more than 45 years ago, including on the brand's top-selling Grand Cherokee SUV. Hoskin doesn't expect Jeep to immediately change the name of the vehicles, but he said the Cherokee Nation does not condone the use of the name. I disagree, and we've had this name a bit longer than the Jeep company has. After being contacted by Car and Driver about Hoskin's statement, several company officials reached out to the Cherokee Nation, according to Hoskin.
cnbc.comSome auto industry leaders concerned about over-commitment to electric vehicles
DETROIT – Much of General Motors’ success and positive press in recent months comes from the discussion around electric vehicles. GM wants to sell all electric vehicles by 2035 and be carbon neutral by 2040. Stellantis CEO Carlos Tavares visited Detroit, looking to introduce himself and see his Detroit plants. Chrysler’s future is likely electric and autonomous. He said the company is aggressively pursuing electric vehicles, but also said the company has to be very careful because electrification adds significant cost.
Why there's a chip shortage that's hurting everything from the PlayStation 5 to the Chevy Malibu
They join a long list of major automakers, including Ford, Honda and Fiat Chrysler, which have warned investors or slowed vehicle production because of the chip shortage. But it's not just the automotive industry that's struggling to get enough semiconductors to build their products. Sony blamed the chip shortage for why it's so hard to get a PlayStation 5 game console. The Semiconductor Industry Association said in December that global chip sales would grow 8.4% in 2021 from 2020's total of $433 billion. "The shortage in the semiconductor industry is across the board," said incoming Qualcomm CEO Cristiano Amon last month.
cnbc.comTeenager, 35-year-old die after SUV hits light pole on Dan Ryan Expressway in Englewood, 3rd person injured
Illinois State Police troopers were called to near Interstate 94 and 67th Street in Englewood about 10:50 p.m. Tuesday after a 2018 black Chrysler sedan that had been heading south collided with a utility pole, according to Trooper Elizabeth Clausing. A 16-year-old boy in the same car also was seriously hurt and authorities said his injuries were considered life-threatening.
chicagotribune.comStellantis agrees to $30 million fine to settle federal corruption probe of Fiat Chrysler
UAW President Rory Gamble (left) and U.S. Attorney Matthew Schneider announce a settlement agreement to end a years-long corruption investigation into the union on Dec. 14, 2020 in Detroit. Stellantis, formerly Fiat Chrysler, has agreed to pay $30 million as part of a plea deal to settle a criminal investigation into collusion and bribery of union officials by former executives of the company's North American operations. The deal, which was announced Wednesday by federal prosecutors in Detroit, ends a multiyear federal probe into Fiat Chrysler and the United Auto Workers union. Prosecutors announced a separate plea deal last month with the UAW. It's unclear at this time when Stellantis will pay the fine as the agreement remains subject to U.S. federal court approval.
cnbc.comWhat Stellantis means for jobs, future prospects in Metro Detroit
DETROIT – What was Chrysler went to Daimler Chrysler then Fiat Chrysler and now Stellantis. The merger was announced over the weekend and the new CEO on Tuesday talked about how the enlarged company will compete. The one thing Stellantis CEO, Carlos Tavares, said Tuesday that should give FCA employees comfort is he doesn’t expect layoffs saying the company’s new global scale will put a shield around jobs. But the CEO says global scale provides strength to handle a lot meaning no layoffs. “I think Stellantis is at a point of strong fundamentals to do great things in the future,” said Tavares.
From Jeep to Maserati, Stellantis to roll out 10 new EV models in 2021
From Dodge to Maserati, every new model the company launches from now until 2025 will offer an "electrified" variant. He did not specify how many would be all-electric, plug-in hybrids or traditional hybrids that don't need to be plugged in. Stellantis — now the world's fourth-largest automaker — is valued at about $26.5 billion. Cruise, a majority-owned subsidiary of General Motors, also announced a new $2 billion investment round Tuesday that included Microsoft and GM. The self-driving company said its post-money valuation is $30 billion, up from $19 billion in mid-2019.
cnbc.comStellantis jumps 11% in NYSE debut. Here's what you need to know about the world's fourth-largest automaker
Massimo Pinca | ReutersShares of Stellantis – the merged automaker of Fiat Chrysler and France-based Groupe PSA – jumped by more than 11% in their trading debut on the New York Stock Exchange on Tuesday. The $52 billion merger was finalized Saturday, and the combined company's shares started trading Monday under STLA on Euronext in Paris and the Borsa Italiana in Milan. Stellantis The company's name is rooted in the Latin verb "stello" meaning "to brighten with stars," the companies have said. The company's 14 individual auto brands such as Alfa Romeo, Chrysler, Fiat, Jeep and Peugeot – all which have historical significance in their respective countries – will remain unchanged. Board of directors The Stellantis board of directors is composed of two executive directors, Tavares and former Fiat Chrysler Chairman John Elkann.
cnbc.comCarmaker Stellantis shares jump in Milan, Paris on first day
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 car company in the world. (AP Photo/Peter Dejong)MILAN – 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. Stellantis shares rallied 7.6% in Milan to 13.53 euros ($16.32). CEO Carlos Tavares said during a virtual bell-ringing ceremony that the merger creates 25 billion euros in shareholder value. Its closing market capitalization was under 20 billion euros, far off its 2018 highs of more than 30 billion euros.
At least 3 carjackings reported since Friday afternoon on South, North sides, police say
Shortly before 7 p.m. Friday, a man, 31, and a woman, 27, were inside of a Chrysler in the 1100 block of West Montana Street in the Wrightwood Neighbors neighborhood when two people approached the vehicle on both sides. The person on the passenger side pulled out a handgun and told the two to exit their vehicle. They got out, and the two people entered the Chrysler and drove away. The vehicle was recovered later on the 400 block of Roslyn Place, police said.
chicagotribune.comMerger between FCA and Peugeot finalized amid concern over business deal
Fiat Chrysler Shareholders of Fiat Chrysler and France's PSA Group met Monday, Jan. 4, 2021 to vote on a merger that will create the world's fourth-largest automaker. (AP Photo/Michel Euler, File)DETROIT – The merger between Peugeot maker PSA and Fiat Chrysler Automobiles that will lead to the creation of Stellantis was complete Saturday. The Peugeot and FCA merger has been the subject of much controversy. Speaking to Local 4 News earlier this month, Frank Rhodes, the great grandson of Walter Chrysler who founded famed auto company Chrysler in 1924 expressed concern over the business deal. Read more: Great grandson of Walter Chrysler worries about fate of automaker
Semiconductor shortage forces automobile production cuts
A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns. (AP Photo/David Zalubowski, File)DETROIT – A widening global shortage of semiconductors for auto parts is forcing major auto companies to halt or slow vehicle production just as they were recovering from pandemic-related factory shutdowns. Toyota was forced to slow production of the full-size Tundra pickup at a factory in San Antonio, Texas. "This will minimize the impact of the current semiconductor shortage while ensuring we maintain production at our other North American plants,” Fiat Chrysler said in a statement. The firm lists major players in the automotive chip market as STMicroelectronics, Infineon Technologies, NXP Semiconductor, Texas Instruments and Toshiba.
Revamped Detroit auto plant to start making new Jeep by March
DETROIT – A revamped version of the Jeep Grand Cherokee SUV with three rows of seats will roll off the assembly line this spring at a restored Detroit factory complex. Fiat Chrysler unveiled the Grand Cherokee L on Thursday and said production would start by the end of March. It hired 3,850 people to work at the company's first new auto plant in Detroit in nearly three decades. Current versions of the Grand Cherokee are now being built at FCA's Jefferson North plant in Detroit. Once Detroit Assembly is up and running, Jefferson North will be converted to build the new versions, FCA said.
Great grandson of Walter Chrysler worries about fate of automaker
The Peugeot and Fiat Chrysler Automobiles merger is at the center of the contention. Walter Chrysler founded his famed auto company in 1924. His name has stuck around through the Daimler merger and the Fiat takeover, but this new world without Chrysler bothers his great grandson, Frank Rhodes. Rhodes is also upset about the possibility the Chrysler brand itself is in jeopardy. “It’s down to two vehicles now and one is a very old Sedan and Sedans aren’t selling, so the future of the Chrysler brand may be questionable,” said Krebs.
Local 4 News at Noon -- Jan. 4, 2021
DETROIT – Here’s what you missed on Local 4 News at Noon. Shareholders approve merger between Fiat Chrysler, PeugeotShareholders of Fiat Chrysler and PSA Peugeot voted Monday to merge and create the world’s fourth-largest auto company which, its architects hope, can more readily take on an enormous technological shift in the industry.
Fiat Chrysler, Peugeot shareholders approve merger
Fiat Chrysler Shareholders of Fiat Chrysler and France's PSA Group are meeting Monday, Jan. 4, 2021 to vote on a merger that will create the world's fourth-largest automaker. Fiat Chrysler shares were up 0.2% in New York on Monday at $18.13, while Peugeot rose 1.7% to 22.75 euros. Fiat Chrysler announced Monday that its stockholders as of Jan. 15 will get a special cash payment worth 1.84 euros ($2.26) per common share after the merger closes. Fiat Chrysler CEO Mike Manley will head North American operations, which is key to Tavares' long-time goal of getting a U.S. foothold for the French carmaker he has run since 2014, and the clear money-maker for Fiat Chrysler. Fiat Chrysler said there are no plans to close any plants.
Cuts likely as Fiat Chrysler-PSA tie-up nears approval
Fiat Chrysler Shareholders of Fiat Chrysler and France's PSA Group are meeting Monday, Jan. 4, 2021 to vote on a merger that will create the world's fourth-largest automaker. Experts say that means Tavares, currently the head of PSA Group, is likely to follow that blueprint when he becomes leader of a merged PSA and Fiat Chrysler Automobiles. The low-performing Chrysler brand might get the axe as could slow-selling cars, SUVs or trucks that lack potential. He likely will target Europe for consolidation first, because that’s where Fiat vehicles overlap extensively with PSA’s, said IHS Markit Principal Auto Analyst Stephanie Brinley. In December the companies announced that Fiat Chrysler CEO Mike Manley would run Stellantis’ operations in the Americas.
Fiat Chrysler contributes $400K to Detroit neighborhood fund
DETROIT – Fiat Chrysler is contributing $400,000 to a Detroit neighborhood fund as part of a community benefits agreement tied to its new assembly plant on the city’s east side, the automaker said Monday. Another $400,000 will be contributed in 2021, according to Fiat Chrysler. The community benefits agreement calls for Fiat Chrysler to invest in the surrounding neighborhoods, jobs training and education. Fiat Chrysler also said Monday that it is contributing $285,000 to the Chandler Park Conservancy to help the nonprofit start construction on a community-based environmental education plaza. The automaker’s commitment to Detroit goes beyond its facilities, said Ron Stallworth, a Fiat Chrysler external affairs manager.
Fiat Chrysler CEO Manley to run Americas after PSA merger
FILE - In this Jan. 14, 2019 file photo, Fiat Chrysler's new CEO, Mike Manley, is interviewed at the North American International Auto Show in Detroit. Manley will run operations in the Americas when his company merges with Frances PSA Peugeot early next year. FCA Chairman John Elkann announced Manleys new post on Friday, Dec. 18, 2020 in a letter to employees. (AP Photo/Carlos Osorio)DETROIT – Fiat Chrysler CEO Mike Manley will run operations in the Americas when his company merges with France’s PSA Peugeot early next year. PSA CEO Carlos Tavares will run the overall company, to be named Stellantis.
1 killed in 2-vehicle crash on 8 Mile Road in northwest Detroit
DETROIT – One person was killed in a two-vehicle crash on 8 Mile Road in northwest Detroit on Monday. The crash happened in the 7500 block of West 8 Mile Road. Police said a man from Warren was driving a red Chevrolet Cobalt was killed in the crash. The Warren man was driving eastbound on 8 Mile Road, possibly at a high rate of speed, when he got into a crash with the man driving a blue Chrysler, police said. The Warren man’s vehicle struck a building, causing a gas main leak and a water main leak.
Fiat Chrysler posts record Q3 profit ahead of PSA merger
MILAN – A rebound in car production in Fiat Chrysler on Wednesday reported record third-quarter earnings as production returned to nearly pre-pandemic levels. The Italian-American automaker, which is finalizing its full merger with French rival PSA Peugeot, reported a net profit in the three months ending Sept. 30 of 1.2 billion ($1.4 billion). The carmaker reported adjusted earnings before tax and interest in North America of 2.5 billion euros. Overall, the carmaker said global earnings before tax and interest were a record 2.3 billion euros despite a 6% fall in revenues to 26 billion euros. Fiat Chrysler announced earlier Wednesday that its merger with PSA Peugeot is on track to be finalized by the end of the first quarter of 2021, as planned.
Carmakers FCA and PSA confirm progress toward full merger
FILE - In this Wednesday, Dec.18, 2019 file photo, he logo of the French car maker Peugeot is pictured in Paris. Fiat Chrysler and PSA Peugeot on Wednesday, Oct. 28, 2020 confirmed progress toward their full merger to create the globes fourth-largest carmaker, with completion expected by the end of March 2021. (AP Photo/Thibault Camus, file)MILAN – Fiat Chrysler and PSA Peugeot on Wednesday confirmed progress toward their full merger to create the globe’s fourth-largest carmaker, with completion expected by the end of March 2021. The completion date for the merger is in line with the original time frame, despite the impact of the coronavirus pandemic. PSA’s CEO Carlos Tavares will lead the group, with Fiat Chrysler chairman John Elkann head of the board.
Pickup truck sales remain strong during coronavirus pandemic
DETROIT – Despite the coronavirus pandemic, automakers are holding their own as pickup truck sales remain strong. Automakers can charge much more than the cost for a pickup truck. “Even though they’re going flat out, and even though they are running three shifts and they’re going as fast as they can, that was two months of production that you cannot go back and make it up," Brinley said. So that has made a difference with new players in the segment," Brinley said. The more competitive it gets, the more they’re going to bring it," Brinley said.
Trust Index: Fact-checking Biden-Trump debate claims about economy, Michigan
Both he and former Vice President Joe Biden made Michigan-specific claims during Tuesday night’s first presidential debate. We ran those claims through the Trust Index to see how factual the statements were. Biden and the economyWe’ll start with the first mention of Michigan from the President. Auto industry claimsHere are two claims from Biden on the state of the automakers and his role in the auto bailout. We’ve tested claims made by both Biden and Trump on the auto industry before.
Daimler AG to pay $1.5B to settle emissions cheating probes
WASHINGTON – Automaker Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations, officials said Monday. The settlement, which includes civil penalties, will also require Daimler to fix the vehicles, officials said. Daimler AG said the settlement would bring costs of about $1.5 billion, while the civil settlement will bring a one-off charge of about $700 million. Fiat Chrysler also is being investigated for allegedly cheating on emissions. In April 2016, the Justice Department asked Daimler to conduct an internal probe into its exhaust emissions certification process.