Chrysler

Auto
9:07 pm
Sat September 20, 2014

GM, Chrysler recalling more than 400,000 vehicles

Jeep Grand Cherokee

DETROIT (AP) - General Motors is recalling 221,558 Cadillac XTS and Chevrolet Impala sedans because the brake pads can stay partially engaged even when they're not needed, increasing the risk of a fire.

The recall involves Cadillacs from the 2013-2015 model years and Impalas from the 2014 and 2015 model years. There are 205,309 vehicles affected in the U.S.; the rest of the vehicles are in Canada and elsewhere.

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Auto
4:21 pm
Sat March 29, 2014

United Auto Workers membership grows slightly

The Flint sit-down strike against General Motors, Feb. 11, 1937
UAW/Facebook

NEW YORK (AP) - A filing with the U.S. Department of Labor shows the United Auto Workers' membership grew by nearly 9,000 people last year. 

UAW's membership in 2013 was 391,415, compared to 382,513 in 2012. The union has been steadily adding members since 2009, when General Motors and Chrysler filed for bankruptcy.

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Auto
11:20 am
Wed January 29, 2014

Fiat and Chrysler reorganize under a new name

Fiat CEO Sergio Marchionne called the announcement, "one of the most important days in my career at Fiat and Chrysler."
user dgtmedia-simone wikimedia commons

Remember "DaimlerChrysler"? Well, that didn't go so well.

Maybe "Fiat Chrysler Automobiles" will fare much better.

The company that owns Chrysler Group LLC, Fiat SpA, announced the name change today: 

Today, the Board of Directors of Fiat S.p.A. (“Fiat”) approved a corporate reorganization and the formation of Fiat Chrysler Automobiles (“FCA”) as a fully-integrated global automaker...

In order to establish a true peer to the major global automotive groups, in both scale and capital market appeal, the Board has decided to establish Fiat Chrysler Automobiles N.V., organized in the Netherlands, as the parent company of the Group. FCA’s common shares will be listed in New York and Milan.

The newly formed company's stock will be traded on the New York Stock Exchange. Current Fiat shareholders will receive one share of FCA for each Fiat share they're holding.

The newly named company released its new logo as well today. A logo they say "lends itself to an extraordinary range of symbolic interpretations."

CEO of Fiat and Chrysler Sergio Marchionne called the corporate reorganization "one of the most important days in my career at Fiat and Chrysler."

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Auto
12:19 pm
Tue January 21, 2014

Chrysler becomes subsidiary of Fiat

2014 Fiat 500 Abarth
media.chrysler.com media.chrysler.com

MILAN (AP) - The Italian carmaker Fiat says its acquisition of the final Chrysler stake is complete, making the U.S. car company a wholly-owned subsidiary of Fiat.

Fiat SpA said Tuesday that it closed the deal announced Jan. 1 with the cash payment of $1.75 billion to a union-controlled trust fund. That's on top of an initial $1.9-billion payment, which was arranged through a special distribution from Chrysler. Fiat also made the first installment on an additional $700 million payment.

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Auto
12:37 pm
Tue January 14, 2014

With the Chrysler 200, automaker is looking to "redefine" a changing brand

The Chrysler 200

Chrysler introduced the car it’s promising will “redefine the brand” at Detroit’s auto show Monday.

The “flagship” 2015 Chrysler 200 is the Auburn Hills-based automaker’s first venture into the highly competitive mid-size sedan market in more than a decade.

Chrysler officials say the model will go “head-to-head” with its competitors in terms of quality, design and – at just under $22,000 – price.

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Auto
6:45 pm
Wed January 1, 2014

Fiat to own 100% of Chrysler by January 20

Sergio Marchionne, CEO of Fiat and Chrysler
(photo by Steve Carmody/Michigan Radio)

Fiat began the new year with a pretty big announcement: It will soon have full ownership of Chrysler.

The Italian automaker owns 59% of Chrysler, and will buy the 41% stake owned by the VEBA -- a trust set up to pay for union retiree health care -- by January 20.

The company will pay $3.65 billion. The company will also pay the VEBA an additional $700 million, split into four equal payments, made over the next four years.

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Auto
4:25 pm
Fri November 29, 2013

There's 1 month left to 2013, but its already been a good year for Detroit's Big 3

GM

Auto companies report November's auto sales next week.

The news should be good, especially for Ford, Chrysler and Detroit.

Michelle Krebs is an analyst with Edmunds.com. She says the Detroit Three have had a great year so far, with car sales leading the way.   

“But they also are the biggest seller of trucks,” says Krebs, “People are buying big trucks again like they haven't in a long time.

Krebs says GM's did better this year than she expected.  She adds that’s especially true since Consumer Reports called the new Impala the "best sedan in the U.S."

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Auto
9:26 am
Mon November 25, 2013

Fiat says no Chrysler IPO in 2013

Fiat and Chrysler CEO Sergio Marchionne
user dgtmedia-simone wikimedia commons

FLORENCE, Italy (AP) — Italian automaker Fiat says it won't launch an initial public offering for Chrysler before the end of this year.

Fiat said Monday it is "not practicable" for Chrysler in 2013, and said it was working to launch the IPO in the first quarter of 2014. It did not elaborate on the reasons, but said the decision was made after consulting underwriters.

Chrysler and Fiat CEO Sergio Marchionne said last month that Fiat was "bent on executing the IPO" and that he hoped it would be done by the end of the year.

Fiat owns a controlling stake in Chrysler, but has been stymied in its efforts to buy out the minority shareholder in a disagreement over price. An IPO is an alternative way to monetize the stake.

Auto
7:23 pm
Mon September 23, 2013

Chrysler prepares for IPO

Credit Wikipedia

Chrysler Group is preparing an initial public offering of some of its shares.

Chrysler filed paperwork for the IPO with the federal government late Monday.

Chrysler shares haven't been publicly traded since 1998, when the company merged with Daimler AG. It is now majority owned by Italian automaker Fiat SpA.

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Auto
1:16 pm
Sun September 15, 2013

Heavy metal? It's as passe' for cars as it is for music

2013 SRT Viper
Chrysler

As tough new fuel economy regulations loom, automakers are scrambling to make their cars' powertrains - that's the engine, batteries, and transmission - as efficient as they can possibly be. 

But that won't be enough to meet the new standard of 49 miles per gallon average by 2025.

Cars will also have to be lighter, because in general, the lighter the car is, the less fuel it requires to move down the road.

So, automakers are looking at ways to use more aluminum and magnesium in their cars. 

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Stateside
5:09 pm
Wed September 4, 2013

While Detroit is going bust, the US auto industry is booming

Peter Martorano Flickr

There is no small touch of irony in the fact that as Detroit filed for bankruptcy, the U.S. car makers are enjoying boom times. Sales for the Big Three in July were the highest in seven years. GM, Ford and Chrysler are adding shifts and hiring workers. Good times.

But not for the city that gave birth to what we know as the U.S. auto industry.

Tom Walsh, business columnist for the Detroit Free Press, and Sonari Glinton, National Desk Reporter from NPR who has covered transportation and the auto industry, joined us today.

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Auto
10:54 am
Wed September 4, 2013

Automakers tally double digit sales gains in August

August was a good month for U.S. automakers.

Nearly all automakers are reporting double-digit sales gains as August shapes up to be another strong month for the industry.

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Politics & Government
12:28 pm
Thu August 8, 2013

Meijer and Chrysler to hire more workers in Michigan

Meijer plans to hire more workers soon.
Meijer

Meijer announced today that they're planning to hire 4,400 part-time workers in Michigan (more in other states). The Grand Rapids-based company says they're hiring in response to company growth and in "in preparation for the fall and holiday selling seasons."

More from their press release:

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Stateside
5:00 pm
Mon July 29, 2013

New book gives behind-the-scenes look at big automakers

Bob Lutz has worked as an automotive executive for GM, Ford, Chrysler, and BMW.
Wikipedia

While Detroit embarks on the beginning days of its bankruptcy, the city’s Big Three automakers are reemerging from their own financial crises. It was four years ago that GM and Chrysler filed for Chapter 11 bankruptcy.

And as this month marks the 150th year after Henry Ford’s birth, we take a look at what it takes to run a big auto company, and the future of Michigan’s automakers.

Bob Lutz has held top positions at GM, Ford, Chrysler, and BMW. His most recent position was that of Vice Chairman of GM from 2001 to 2010.

His newest book gives us a behind-the-scenes look at the bosses Bob Lutz has worked for, some of the most legendary names in auto history. It's called Icons and Idiots, out from Portfolio/Penguin.

Bob Lutz joined us today to talk about his book.  

Listen to the full interview above.

Auto
3:18 am
Mon July 29, 2013

July auto sales are expected to be very good

thecarconnection.com

Analysts are expecting a robust month for auto sales.

Jesse Toprak is an analyst with TrueCar.com.  He says July sales were good across all categories.

“But two extreme segments stand out, we see very high demand for small cars and small SUVS, and a very healthy demand for large pickup trucks,” says Toprak.

Toprak says the increase in pickup sales is being driven by small business owners, and an uptick in home renovations.

Auto
5:43 pm
Tue July 16, 2013

Detroit's Jefferson North auto plant 'defies conventional wisdom'

The big white complex is Jefferson North
Credit Google Maps

Chrysler's Jefferson North auto plant is one of the most successful in the world, and one of the last to remain in Detroit. You probably won't envy its zip code though, if you zoom in and take a look at the surrounding neighborhoods, much of the city blocks are empty and overgrown.

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Politics & Government
8:11 am
Wed June 19, 2013

In this morning's news: Chrysler recall, disaster declaration in MI, Detroit Zoo and DIA saved

Morning News Roundup for Wednesday, June 19, 2013
User: Brother O'Mara Flickr

Chrysler waves the white flag

Chrysler is now agreeing to recall some 2.7 million older model Jeeps. At first, Chrysler refused to recall the cars and the company maintains the vehicles are not defective. Safety regulators say 1993 to 2004 Jeep Grand Cherokees and 2002-2007 Jeep Liberty Vehicles can catch on fire when they're rear-ended. The design flaw has killed 51 people in fiery crashes.

Michigan counties will receive disaster relief

President Obama has approved a disaster declaration for 16 Michigan counties hard hit by spring floods. The declaration will help communities repair and rebuild roads, bridges and other public infrastructure damaged in the flooding. This does not include assistance for individuals or businesses. State and federal agencies will soon hold briefings across the state to help communities understand and start the application process.  

The Detroit Zoo and the DIA are safe

Legislation was signed into law yesterday allowing the Detroit Zoo and the Detroit Institute of Arts to get millions of dollars in tax revenues as promised from the metro region. Several metro cities were skimming some of the revenue generated by multi-county millages voters approved to support the zoo and the museum.

Auto
3:05 pm
Tue June 18, 2013

Chrysler officials change their minds, will go forward with Jeep recall

2004 Jeep Grand Cherokee, one of the model years recalled.
Chrysler

It was called a "rare and risky" move to refuse a recall after the government requested it, but it seemed Chrysler was poised to do just that today.

Now, the automaker says executives have "resolved their differences" with the National Highway Traffic Safety Administration and will voluntarily recall the vehicles in question.

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Auto
1:53 pm
Fri June 14, 2013

Chrysler to change pension system for 8,000 salaried workers

Chrysler is freezing contributions to its U.S. defined benefit pension plans for salaried employees, and will switch to a defined contribution plan instead.

Chrysler will determine the amount it will contribute - and that amount is not being publicly disclosed - and employees will choose from a number of investment strategies, such as stocks and bonds, annuities, etc.

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Auto
5:11 pm
Tue June 4, 2013

Chrysler says 'no' to NHTSA recall in rare move

A 2004 Jeep Grand Cherokee
Credit Bull Doser / Wikimedia Commons

In a rare move, Chrysler is saying "no" to the National Highway Traffic Safety Administration on a recall.

The agency wants the Detroit automaker to recall 2.7 million vehicles.

NHTSA claims a defect increases the risk of fire in rear crashes involving Jeep Grand Cherokees built in the 1993 to 2004 model years  and in Jeep Liberties built in the 2002 to 2007 model years.

Chrysler says the agency's reasoning is deeply flawed and the vehicles are safe.

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