Fiat Chrysler Automobiles

Auto
5:24 pm
Tue July 1, 2014

Fiat Chrysler continues U.S. sales increase streak

Credit Atlanta Jeep Ram Dodge

Fiat Chrysler continued its climb back to health in June.  It was the 51st month in a row the automaker increased its U.S. year-over-year sales.

The long streak of sales gains is being led by the Jeep and RAM brands. 

Jeep sales rose 28% compared to last June, and RAM sales were up 14%.

"In spite of two fewer selling days in June versus a year ago, we were able to increase our sales 9% and post our strongest June sales in seven years," said Reid Bigland, head of U.S. sales for Chrysler.

The automaker remains weak in terms of small and midsize car sales.  The Dodge Dart has performed well under expectations, selling only 7,225 in June. 

But the company has higher hopes for the new Chrysler 200, which began shipping to dealers in late spring.

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Auto
6:15 am
Tue May 6, 2014

Fiat Chrysler union ready for another 5 years

Sergio Marchionne will outline a strategic plan today.

It's a big day for Fiat Chrysler Automobiles.

The Italian-American company's CEO, Sergio Marchionne,  will outline a strategic plan for the next five years.

The marriage between Chrysler and Fiat surprised many in the auto industry just by surviving.

Now the company is strengthening that union, by exporting its strongest brands around the world.

When Fiat agreed to a kind of corporate shotgun marriage with a fresh-out-of-bankruptcy Chrysler five years ago, a lot of people thought Fiat's CEO Sergio Marchionne was crazy to do it.

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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."
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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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