Chrysler http://michiganradio.org en United Auto Workers membership grows slightly http://michiganradio.org/post/united-auto-workers-membership-grows-slightly <div>NEW YORK (AP) - A filing with the U.S. Department of Labor shows <a href="http://uaw.org/">the United Auto Workers</a>' membership grew by nearly 9,000 people last year.</div><div>&nbsp;</div><div><p><span style="line-height: 1.5;">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.</span></p> Sat, 29 Mar 2014 20:21:57 +0000 Associated Press 17031 at http://michiganradio.org United Auto Workers membership grows slightly Fiat and Chrysler reorganize under a new name http://michiganradio.org/post/fiat-and-chrysler-reorganize-under-new-name <p>Remember "DaimlerChrysler"? Well, that didn't go so well.</p><p>Maybe "Fiat Chrysler Automobiles" will fare much better.</p><p><span style="line-height: 1.5;">The company that owns Chrysler Group LLC, Fiat SpA, <a href="http://media.chrysler.com/newsrelease.do?id=15290&amp;mid=1">announced </a>the name change today:&nbsp;</span></p><blockquote><p><span style="line-height: 1.5;">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...</span></p><p>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.</p></blockquote><p><span style="line-height: 1.5;">The newly formed company's stock will be traded on the New York Stock Exchange. Current Fiat shareholders will receive one share of&nbsp;FCA&nbsp;for each Fiat share they're holding.</span></p><p>The newly named company released its new logo as well today. A logo <a href="http://media.chrysler.com/newsrelease.do?&amp;id=15291&amp;mid=1">they say</a> "<span style="line-height: 1.5;">lends itself to an extraordinary range of symbolic interpretations."</span></p><p>CEO of Fiat and Chrysler Sergio Marchionne&nbsp;called the corporate reorganization "one of the most important days in my career at Fiat and Chrysler."</p><p> Wed, 29 Jan 2014 16:20:54 +0000 Mark Brush 16229 at http://michiganradio.org Fiat and Chrysler reorganize under a new name Chrysler becomes subsidiary of Fiat http://michiganradio.org/post/chrysler-becomes-subsidiary-fiat <p>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.</p><p>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. Tue, 21 Jan 2014 17:19:58 +0000 The Associated Press 16111 at http://michiganradio.org Chrysler becomes subsidiary of Fiat With the Chrysler 200, automaker is looking to "redefine" a changing brand http://michiganradio.org/post/chrysler-200-automaker-looking-redefine-changing-brand <p>Chrysler introduced the car it’s promising will “redefine the brand” at Detroit’s auto show Monday.</p><p>The “<a href="http://www.reuters.com/article/2014/01/13/us-autoshow-chrysler-chrysler-idUSBREA0C07N20140113">flagship” 2015 Chrysler 200</a> is the Auburn Hills-based automaker’s first venture into the highly competitive mid-size sedan market in more than a decade.</p><p>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.</p> Tue, 14 Jan 2014 17:37:46 +0000 Sarah Cwiek 16014 at http://michiganradio.org With the Chrysler 200, automaker is looking to "redefine" a changing brand Fiat to own 100% of Chrysler by January 20 http://michiganradio.org/post/fiat-own-100-chrysler-january-20 <p>Fiat began the new year with a pretty big announcement: It will soon have full ownership of Chrysler.</p><p>The Italian automaker owns 59% of Chrysler, and will buy the 41% stake owned by the VEBA&nbsp;-- a trust set up to pay for union retiree health care -- by January 20.</p><p>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.</p> Wed, 01 Jan 2014 23:45:34 +0000 Tracy Samilton 15857 at http://michiganradio.org Fiat to own 100% of Chrysler by January 20 There's 1 month left to 2013, but its already been a good year for Detroit's Big 3 http://michiganradio.org/post/theres-1-month-left-2013-its-already-been-good-year-detroits-big-3 <p>Auto companies report November's auto sales next week.</p><p></p><p>The news should be good, especially for Ford, Chrysler and Detroit.</p><p></p><p>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.&nbsp; &nbsp;</p><p></p><p>“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.</p><p></p> Fri, 29 Nov 2013 21:25:00 +0000 Tracy Samilton 15486 at http://michiganradio.org There's 1 month left to 2013, but its already been a good year for Detroit's Big 3 Fiat says no Chrysler IPO in 2013 http://michiganradio.org/post/fiat-says-no-chrysler-ipo-2013 <p style="margin-top: 9px; margin-bottom: 9px; padding: 0px; border: 0px; color: rgb(68, 78, 92); font-family: Georgia, serif; line-height: normal;">FLORENCE, Italy (AP) — Italian automaker Fiat says it won't launch an initial public offering for Chrysler before the end of this year.</p><p style="margin-top: 9px; margin-bottom: 9px; padding: 0px; border: 0px; color: rgb(68, 78, 92); font-family: Georgia, serif; line-height: normal;">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.</p><p style="margin-top: 9px; margin-bottom: 9px; padding: 0px; border: 0px; color: rgb(68, 78, 92); font-family: Georgia, serif; line-height: normal;">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.</p><p style="margin-top: 9px; margin-bottom: 9px; padding: 0px; border: 0px; color: rgb(68, 78, 92); font-family: Georgia, serif; line-height: normal;">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.</p><p> Mon, 25 Nov 2013 14:26:46 +0000 The Associated Press 15419 at http://michiganradio.org Fiat says no Chrysler IPO in 2013 Chrysler prepares for IPO http://michiganradio.org/post/chrysler-prepares-ipo <p><span style="line-height: 1.5;">Chrysler Group is preparing an initial public offering of some of its shares.</span></p><p>Chrysler filed paperwork for the IPO with the federal government late Monday.<br><br>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.</p><p> Mon, 23 Sep 2013 23:23:21 +0000 Vincent Duffy 14554 at http://michiganradio.org Chrysler prepares for IPO Heavy metal? It's as passe' for cars as it is for music http://michiganradio.org/post/heavy-metal-its-passe-cars-it-music <p>As tough new fuel economy regulations loom, automakers are scrambling to make their cars'&nbsp;powertrains - that's the engine, batteries,&nbsp;and transmission - as efficient as they can possibly be.&nbsp;</p><p>But that won't be enough to meet the new standard of 49 miles per gallon average by 2025.</p><p>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.</p><p>So, automakers are looking at ways to use more aluminum and magnesium in their cars.&nbsp;</p> Sun, 15 Sep 2013 17:16:34 +0000 Tracy Samilton 14428 at http://michiganradio.org Heavy metal? It's as passe' for cars as it is for music While Detroit is going bust, the US auto industry is booming http://michiganradio.org/post/while-detroit-going-bust-us-auto-industry-booming <p>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.</p><p>But not for the city that gave birth to what we know as the U.S. auto industry.</p><p>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.</p><p> Wed, 04 Sep 2013 21:09:10 +0000 Stateside Staff 14265 at http://michiganradio.org While Detroit is going bust, the US auto industry is booming Automakers tally double digit sales gains in August http://michiganradio.org/post/automakers-tally-double-digit-sales-gains-august <p>August was a good month for U.S. automakers.</p><p>Nearly all automakers are reporting double-digit sales gains as August shapes up to be another strong month for the industry.</p> Wed, 04 Sep 2013 14:54:42 +0000 The Associated Press 14259 at http://michiganradio.org Meijer and Chrysler to hire more workers in Michigan http://michiganradio.org/post/meijer-and-chrysler-hire-more-workers-michigan <p>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&nbsp;<span style="color: rgb(87, 90, 93); font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; line-height: 20px;">in "in preparation for the fall and holiday selling seasons."</span></p><p>More from their <a href="http://newsroom.meijer.com/news/meijer-to-hire-more-than-9-000-new-team-members">press release</a>:</p> Thu, 08 Aug 2013 16:28:08 +0000 Mark Brush 13897 at http://michiganradio.org Meijer and Chrysler to hire more workers in Michigan New book gives behind-the-scenes look at big automakers http://michiganradio.org/post/new-book-gives-behind-scenes-look-big-automakers <p>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.</p><p>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.</p><p>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.</p><p>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 <em>Icons and Idiots</em>, out from Portfolio/Penguin.</p><p>Bob Lutz joined us today to talk about his book. &nbsp;</p><p><em>Listen to the full interview above.</em></p><p> Mon, 29 Jul 2013 21:00:09 +0000 Stateside Staff 13735 at http://michiganradio.org New book gives behind-the-scenes look at big automakers July auto sales are expected to be very good http://michiganradio.org/post/july-auto-sales-are-expected-be-very-good <p>Analysts are expecting a robust month for auto sales.</p><p></p><p>Jesse Toprak is an analyst with TrueCar.com.&nbsp; He says July sales were good across all categories.</p><p></p><p>“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.</p><p></p><p>Toprak says the increase in pickup sales is being driven by small business owners, and an uptick in home renovations.</p><p></p> Mon, 29 Jul 2013 07:18:00 +0000 Tracy Samilton 13725 at http://michiganradio.org July auto sales are expected to be very good Detroit's Jefferson North auto plant 'defies conventional wisdom' http://michiganradio.org/post/detroits-jefferson-north-auto-plant-defies-conventional-wisdom <p>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 <a href="https://maps.google.com/maps?q=jefferson+north+assembly+plant+address&amp;ie=UTF-8&amp;ei=OqLlUcfoH_Wt4APMoIDoCA&amp;ved=0CAoQ_AUoAg">zoom in</a>&nbsp;and take a look at&nbsp;the surrounding neighborhoods, much of the city blocks are empty and overgrown.</p><p></p> Tue, 16 Jul 2013 21:43:37 +0000 Michigan Radio Newsroom 13565 at http://michiganradio.org Detroit's Jefferson North auto plant 'defies conventional wisdom' In this morning's news: Chrysler recall, disaster declaration in MI, Detroit Zoo and DIA saved http://michiganradio.org/post/mornings-news-chrysler-recall-disaster-declaration-mi-detroit-zoo-and-dia-saved <p><strong>Chrysler waves the white flag</strong></p><p>Chrysler is now <a href="http://michiganradio.org/post/chrysler-officials-change-their-minds-will-go-forward-jeep-recall">agreeing to recall </a>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.</p><p><strong>Michigan counties will receive disaster relief </strong></p><p>President Obama has <a href="http://michiganradio.org/post/president-signs-disaster-declaration-16-michigan-counties-hard-hit-spring-floods">approved a disaster declaration</a> 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.&nbsp;&nbsp;</p><p><strong>The Detroit Zoo and the DIA are safe</strong></p><p>Legislation was signed into law yesterday allowing the<a href="http://michiganradio.org/post/new-laws-will-protect-dia-and-detroit-zoo-millage-funding"> Detroit Zoo and the Detroit Institute of Arts</a> 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.</p><p> Wed, 19 Jun 2013 12:11:15 +0000 Michigan Radio Newsroom 13124 at http://michiganradio.org In this morning's news: Chrysler recall, disaster declaration in MI, Detroit Zoo and DIA saved Chrysler officials change their minds, will go forward with Jeep recall http://michiganradio.org/post/chrysler-officials-change-their-minds-will-go-forward-jeep-recall <p>It was called a "<a href="http://www.freep.com/article/20130617/BUSINESS0103/306170146/chrysler-jeep-nhtsa-recall-grand-cherokee-liberty">rare and risky</a>" move to refuse a recall after the government requested it, but it seemed Chrysler was poised to do just that today.</p><p>Now, <a href="http://media.chrysler.com/newsrelease.do?id=14433&amp;mid=2">the automaker says</a>&nbsp;executives have "resolved their differences" with the National Highway Traffic Safety Administration and will voluntarily recall the vehicles in question.</p> Tue, 18 Jun 2013 19:05:59 +0000 Mark Brush 13113 at http://michiganradio.org Chrysler officials change their minds, will go forward with Jeep recall Chrysler to change pension system for 8,000 salaried workers http://michiganradio.org/post/chrysler-change-pension-system-8000-salaried-workers <p>Chrysler is freezing contributions to its U.S. defined benefit pension plans for salaried employees, and will switch to a defined contribution plan instead.</p><p>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.</p> Fri, 14 Jun 2013 17:53:34 +0000 Tracy Samilton 13059 at http://michiganradio.org Chrysler says 'no' to NHTSA recall in rare move http://michiganradio.org/post/chrysler-says-no-nhtsa-recall-rare-move <p align="LEFT">In a rare move, Chrysler is saying "no" to the National Highway Traffic Safety Administration on a recall.</p><p align="LEFT">The agency wants the Detroit automaker to recall 2.7 million vehicles.</p><p align="LEFT">NHTSA claims a defect increases the risk of fire in rear crashes involving Jeep Grand Cherokees built in the 1993 to 2004 model years&nbsp; and in Jeep Liberties&nbsp;built in the 2002 to 2007 model years.</p><p align="LEFT"><font face="Times New Roman">Chrysler says the agency's reasoning is deeply flawed and the vehicles are safe.</font></p> Tue, 04 Jun 2013 21:11:30 +0000 Tracy Samilton 12882 at http://michiganradio.org Chrysler says 'no' to NHTSA recall in rare move Ford, Chrysler to keep some plants humming this summer http://michiganradio.org/post/ford-chrysler-keep-some-plants-humming-summer <p>Car companies closed a lot of North American factories in the past ten years as the auto industry&nbsp;restructured.</p><p>That has made&nbsp;Jim Tetreault's job even more of an art and a science.</p><p>Tetreault is Ford's head of North American manufacturing.&nbsp; He's responsible for maximizing the number of vehicles that any of the Detroit automaker's&nbsp;remaining plants can produce, while minimizing the downtime at each facility.</p> Wed, 22 May 2013 21:03:06 +0000 Tracy Samilton 12695 at http://michiganradio.org