Chrysler

Dodge drops 707-hp supercharged Hellcat engine into 2015 Charger SRT

10:45 am U.S. ET | Aug. 13, 2014
Chrysler Group today unveiled its second car that will be powered by its 707-hp supercharged 6.2-liter Hellcat engine, a 2015 Dodge Charger SRT Hellcat. The four-door performance sedan will make its public debut at this weekend's Woodward Dream Cruise near Detroit....
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Detroit 3 and others ready to roll at annual Dream Cruise

10:45 am U.S. ET | Aug. 13, 2014
Muscle cars abound at the annual Woodward Dream Cruise outside Detroit -- and this year is no exception. Classic car enthusiasts and gearheads will flock to a 16-mile, four-lane stretch of Woodward Avenue on Saturday, whether it be to cruise in their vintage whips or set up camp along the route to watch the parade of historical wheels....
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Record rainfall in Michigan disrupts Detroit 3 operations

11:38 am U.S. ET | Aug. 12, 2014
Southeast Michigan experienced record rainfall Monday, causing closures or slowdowns at Ford, General Motors and Chrysler plants and tech centers throughout the area....
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Chrysler purchasing chief Kunselman to lead new safety office

9:33 am U.S. ET | Aug. 12, 2014
Chrysler tapped its head of purchasing, Scott Kunselman, to lead a new office that will oversee safety issues and regulatory compliance as scrutiny over the industry's safety record grows. Tom Finelli, 44, Chrysler's current director for global standardization, will assume responsibility for North American purchasing and supplier quality, effective immediately, Chrysler said today....
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Fiat says will not waive or raise payout cap in Chrysler merger

11:46 am U.S. ET | Aug. 12, 2014
Fiat will not call a shareholders' meeting to waive or raise the 500 million euro ($668 million) limit it has set for paying out dissenters in its merger with Chrysler, the carmaker said today....
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Fiat Chrysler merger now awaits shareholder buy-in

Aug. 11, 2014 06:01 CET
Following shareholder approval of the proposed merger of Fiat and Chrysler, Sergio Marchionne now faces an uncertain few months as he waits to find out if he has to postpone the tie-up because too many shareholders want to be bought out....
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A slap in the face of Chrysler suppliers?

12:01 am U.S. ET | Aug. 11, 2014
For five years, Chrysler Group has been slowly building its once-tattered relations with suppliers. Then, in about three minutes last week, CEO Sergio Marchionne called that hard-won trust into question....
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Stocks stay on target -- with help

12:01 am U.S. ET | Aug. 11, 2014
With a little help from increased incentives, automakers kept U.S. inventories at near-ideal levels to start August....
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Venezuelan auto industry in free fall amid economic woes

11:22 pm U.S. ET | Aug. 9, 2014
VALENCIA, Venezuela (Reuters) -- Though it is the middle of the work day, the Jeep assembly plant in the central Venezuelan city of Valencia is empty, the machinery still.
...
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GM to stop omitting truck-part weights to maximize payload ratings

1:00 pm U.S. ET | Aug. 8, 2014
GM said today that it will no longer omit the weights of some parts when weighing pickups to boost their maximum payload ratings....
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VW expands Chrysler-built minivan recall over ignition switches

9:21 am U.S. ET | Aug. 8, 2014
Volkswagen is more than doubling a three-year-old recall of its Chrysler-built Routan minivans that have ignition switches that can be knocked into the accessory position and shut off the engine, according to documents filed with U.S. safety regulators....
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Wave of antitrust probes revive protectionism concerns in China

11:24 am U.S. ET | Aug. 7, 2014
China's recent probes into Microsoft, Audi and Chrysler have rekindled concerns that Beijing may be using an anti-monopoly law to support domestic firms at the expense of foreign companies. The probes come as China's domestic auto brands have lost sales and share this year to global rival brands such as VW, Chevrolet and Audi....
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Norway's wealth fund voted against Fiat-Chrysler merger

Aug. 7, 2014 15:11 CET
Norway's sovereign wealth fund was the single largest shareholder to vote against Fiat's merger with Chrysler. The merger was approved at a shareholder meeting but could still fall apart if enough dissenting investors sell their shares for a cash compensation....
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CHRISTIAAN HETZNER

Audi's war chest could buy Fiat Chrysler

12:01 am U.S. ET | Aug. 7, 2014
If there is one thing that Audi's first-half results prove, it's that VW Group's premium brand earns so much cash it could easily swallow Fiat-Chrysler whole...
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LARRY P. VELLEQUETTE

Will Marchionne's profits grab come up empty?

5:16 pm U.S. ET | Aug. 6, 2014
Chrysler Group CEO Sergio Marchionne today seemed like a grizzly bear standing amid a stream of happily swimming salmon....
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2014 MANAGEMENT BRIEFING SEMINARS

Marchionne vows to claw back share of supplier profits

3:25 pm U.S. ET | Aug. 6, 2014
Chrysler Group CEO Sergio Marchionne today fired a shot at his supply base, saying that suppliers' double-digit profit margins were making his blood pressure go up....
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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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