Chrysler

Toyota gives $1 million to help shield Detroit museum's art from bankruptcy sale, aid pensioners

2:34 pm U.S. ET | Aug. 6, 2014
Toyota's North American arm pledged $1 million toward the Detroit Institute of Arts' goal to raise $100 million and help prevent the sale of the museum's collections during Detroit's bankruptcy case and assist city pensioners....
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2014 MANAGEMENT BRIEFING SEMINARS

Pickup trucks rising, thanks to oil boom

8:34 am U.S. ET | Aug. 6, 2014
Full-sized pickup sales are rebounding to big volumes -- even without the complete return of new-home construction. Through seven months, sales of full-sized pickups in the United States rose 4 percent in an overall market that increased 5 percent....
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Chrysler's Q2 profits rise 22% to $619 million on Jeep, pickup gains

10:30 am U.S. ET | Aug. 6, 2014
Chrysler reported net income of $619 million in the second quarter on record Jeep sales and strong pickup deliveries. The second-quarter profit was 22 percent higher than the $507 million in net income posted during the same quarter of 2013. Revenue increased 14 percent to $20.5 billion....
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Q&A

Ram exec says first company with a 30 mpg pickup 'wins'

11:00 am U.S. ET | Aug. 6, 2014
Ram launched the 1500 EcoDiesel, the first light-duty diesel pickup in the United States in more than a decade, early this year. Sales are strong, and Ram is working to increase the supply of the 3.0-liter Italian-made turbodiesel....
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China says it will punish Audi, Chrysler for monopoly behavior

Aug. 6, 2014 09:15 CET
China said it will punish Audi, Chrysler and 10 Japanese spare-parts makers for anti-trust violations. The Chinese government is scrutinizing pricing practices as the country becomes an increasingly important profit source for foreign automakers....
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Fiat says reports over shareholders selling out are 'groundless'

Aug. 5, 2014 15:35 CET
Fiat said reports that a significant number of its shareholders have exercised their exit rights over the company's merger with Chrysler were unfounded. A shareholders exit could potentially jeopardize the merger....
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Chrysler cuts Jeep Grand Cherokee prices in China

3:08 pm U.S. ET | Aug. 5, 2014
Chrysler Group is cutting prices in China on the flagship Jeep Grand Cherokee SRT8 by 65,000 yuan ($10,500) and on the Grand Cherokee 5.7-liter Summit by 45,000 yuan ($7,300) following a report it has been the subject of an anti-monopoly probe by Chinese regulators....
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Fiat shares fall amid reports of Chinese probe, speculation on investors bailing

9:15 am U.S. ET | Aug. 5, 2014
LONDON/MILAN (Reuters) -- Shares in Fiat fell more than 4 percent today, with three traders citing a Chinese press report about a competition probe targeting the Chinese operations of Chrysler, the U.S. carmaker owned by Fiat.
...
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PAYLOAD 'GAMESMANSHIP'

Ford, GM play with numbers for bragging rights

12:01 am U.S. ET | Aug. 4, 2014
Ford and GM delete the weight of some heavy parts, such as spare tires and rear bumpers, in calculating the maximum payload of some profitable pickups. The practice is raising questions of confidence....
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Supplier relationships cost top 6 automakers in U.S. $1.4B in profit, study says

7:06 am U.S. ET | Aug. 4, 2014
The six largest automakers in the United States could have earned $1.4 billion more last year if they had improved their relationships with suppliers, a study says....
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4 of 5 biggest players post gains in July

12:01 am U.S. ET | Aug. 4, 2014
Four of the five biggest automakers posted U.S. sales increases in July, matching or beating the industry's 9 percent gain....
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Merger ends 'precarious life of Fiat'

12:01 am U.S. ET | Aug. 4, 2014
Fiat and Chrysler have officially entered a new era, with a new name, new corporate headquarters and, perhaps, a future free of the brushes with bankruptcy that have been part of both companies' recent history....
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Q&A

Hemi Hellcat engine aims to make potential buyers 'giddy'

12:01 am U.S. ET | Aug. 4, 2014
Dodge made history when it announced last month that the Challenger SRT's supercharged 6.2-liter Hemi V-8 engine cranks out 707 hp. It is the highest horsepower engine ever for an American production car. Gregg Black, 52, chief engineer for the Hemi Hellcat engine, spoke recently with Staff Reporter Richard Truett....
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Chrysler exec: Recalls strengthen industry ties

12:01 am U.S. ET | Aug. 4, 2014
This year's long list of automotive recalls is strengthening the bond between suppliers and automakers, Chrysler Group's head of quality says. Doug Betts, who since 2007 has overseen Chrysler's effort to improve its quality, says heightened scrutiny from regulators has suppliers clinging closely to their customers....
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Mopar, 3M team up for Jeep map decals

12:01 am U.S. ET | Aug. 4, 2014
It usually takes years to develop an automotive product and get it to market. But, occasionally, a good idea, a few months, a good supplier relationship and a phone call from the back of a minivan are all it takes....
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JULY U.S. AUTO SALES

Sales climb 9 percent to 1.4M vehicles as SAAR hits 16.5M

5:45 am U.S. ET | Aug. 1, 2014
U.S. auto sales, led by Chrysler's 20 percent advance and solid gains of 10 percent or more at Toyota, Nissan, and Ford, rose 9 percent in July to 1.435 million. The results were just below forecasts for a 10 percent increase but signal consumers remain in a buying mood. The seasonally adjusted, annualized sales rate hit 16.5 million in July. Toyota outsold Ford by 4,335 units....
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Canada deliveries hit July record; Detroit 3 gain with trucks

2:16 pm U.S. ET | Aug. 1, 2014
Auto sales in Canada in July rose to a record high for the month, up 11.3 percent from a year earlier, an industry analyst said today, with strong truck sales pushing both Chrysler and Ford to record performances....
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Chrysler Group posts best July since 2005 on 20% gain

11:56 am U.S. ET | Aug. 1, 2014
Strong sales of SUVs, pickups and minivans pushed Chrysler Group's volume up 20 percent last month to its highest July U.S. sales in nine years....
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American Axle Q2 earnings rise on stronger non-GM business

3:56 pm U.S. ET | Aug. 1, 2014
American Axle & Manufacturing Holdings today reported improved second-quarter earnings, led by a strong increase in non-General Motors business....
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Fiat shareholders approve Chrysler merger

Aug. 1, 2014 08:08 CET
Fiat shareholders approved the automaker's merger with Chrysler in a move that seals the end of Fiat as an Italian company. The new company arising from the merger, Fiat Chrysler Automobiles will be incorporated under Dutch law, based in the UK and listed on the New York Stock Exchange....
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Fiat investors likely to approve Chrysler merger

July 31, 2014 06:01 CET
Fiat shareholders will likely approve the automaker's merger with Chrysler when they meet in Italy for the last time on Friday. Industry watchers expect Fiat to win the two-thirds majority vote needed for a merger....
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GM, too, removes parts to weigh pickups, boost payload ratings

7:09 pm U.S. ET | July 30, 2014
GM says it deletes heavy items such as the rear bumper from certain pickups when it weighs them in order to boost the vehicles' maximum payload ratings. GM says it adopted the practice for the 2014 model year in response to competitive pressures as it launched redesigned full-sized pickups....
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Chrysler recalls nearly 30,000 Fiat 500L cars for airbag glitch

4:28 pm U.S. ET | July 30, 2014
Chrysler Group is recalling 29,500 Fiat 500L cars from the 2014-15 model years to replace knee airbags that may not deploy in the correct position if the driver is not wearing a seatbelt....
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GUIDO REINKING

Fiat would find a safe haven in VW

4:59 am U.S. ET | July 29, 2014
Reports that VW may buy Fiat-Chrysler sound improbable, but the idea has appeal. It would allow VW to overcome its weakness in North America and offer Fiat Chrysler a safe haven....
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Ford's new F-150 takes aim at Ram's highway mpg crown

3:51 pm U.S. ET | July 29, 2014
Ford hopes to regain fuel economy bragging rights in big pickups by offering a special “SFE” package on the aluminum-bodied 2015 F-150. The Super Fuel Economy package -- or SFE -- will be available on XL and XLT models. It will be powered by the company's newest engine: a lightweight and compact 2.7-liter twin turbo V-6 equipped with stop-start....
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