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June 1, 2018 - Industry News

Fiat Chrysler to Electrify 30 Models by 2022

Fiat Chrysler's five-year plan to 2022 includes a heavier emphasis on Jeep and Ram, as well as a broad-ranging electrification initiative. Photo courtesy of FCA.  

The company's executive leadership, including outgoing chief executive Sergio Marchionne, outlined the new investments during a June 1 investors meeting. Marchionne presented a five-year plan for the company, even though he has said he will retire in 2019.

Tags: Chrysler, Chrysler Capital, Dodge, FCA, Fiat, Jeep, Santander Consumer USA

July 19, 2016 - Industry News

Feds Investigating FCA for Inflating Sales, Automaker Confirms

Fiat Chrysler Automobiles confirmed in a statement issued today that it’s under investigation by the U.S. Security and Exchange Commission and the U.S. Department of Justice. According to Bloomberg, FBI agents visited the homes of nine people who run FCA business centers as part of a probe into the automaker’s monthly sales reporting.

Tags: Chrysler, Ed Napleton, FCA, Fiat, Napleton Automotive Group, new-vehicle sales

October 6, 2015 - Industry News

Hacked Cars Could Spread Malware Via Dealers, WIRED Reports

At a hacker conference last month, security consultant Craig Smith said a malware-infected vehicle coming in for service could potentially infect a dealership’s testing equipment, which would in turn spread the virus to every vehicle a dealership services.

Tags: Chrysler, Cyber Security, Fiat, WIRED magazine

June 25, 2014 - Industry News

Rick Case Appointed First South Fla. Alfa Romeo Dealer

To celebrate the unveiling of the new store, the group will donate the first 2015 Alfa Romeo 4C to live auction, with 100% of the bid price over MSRP being donated to charity.

Tags: Acura, Audi, charity giving, Chrysler, Donation, Fiat, Honda, Hyundai, Kia, Mazda, Volkswagen

April 15, 2014 - Industry News

Average Incentives Rise, Domestics Curb Spending

Incentive growth was at its lowest point in March since last September, but the NADA Used Car Guide noted that the automakers that decreased spending were the ones that scored sales increases for the month.

Tags: Buick, Cadillac, Chevrolet, Chrysler, Fiat, General Motors, incentives, NADA, NADA Used Car Guide, sales, Subaru, used-vehicle sales, Volkswagen

January 21, 2014 - Industry News

Fiat Completes Acquisition of Chrysler Group

Fiat completed its acquisition of all of the VEBA Trust’s membership interests in Chrysler Group LLC. Chrysler Group is now a wholly-owned subsidiary of Fiat.

Tags: Acquisition, Chrysler Group LLC, Fiat

January 2, 2014 - Industry News

Fiat to Acquire Remaining Equity Interests in Chrysler Group

Fiat North America LLC signed an agreement on New Year’s Day to acquire the remaining stake in Chrysler Group LLC. The transaction is expected to close on Jan. 20.

Tags: Chrysler, Fiat

November 26, 2013 - Industry News

Chrysler IPO Postponed Until 2014, Forbes Reports

According to Forbes, Fiat announced it will not launch its initial public offering of Chrysler until 2014.

Tags: Chrysler, Fiat, initial public offering

October 29, 2013 - Industry News

Bloomberg: Chrysler Amendments to IPO Highlight Conflicts With Fiat

Chrysler Group LLC amended its initial public offering to more clearly detail its value to its majority owner, Fiat, Bloomberg reports.

Tags: amendment, Bloomberg, Chrysler, Fiat, initial public offering, IPO, SEC, Sergio Marchionne

July 2, 2013 - Industry News

Fiat Dealers to Get Their Own Dedicated Reps

Fiat is in the early stages of hiring its own team of factory reps. Officials say 50 additional staffers will be added to the team to serve Fiat dealers exclusively.

Tags: Chrysler, employees, Fiat, Jason Stoievich, representative

February 19, 2013 - Industry News

Chrysler Capital Goes Live on May 1

Santander will officially become Chrysler Group’s captive lender on May 1. The financial services company will establish a separate business unit dedicated to Chrysler and its dealers.

Tags: Banco Santander, Chrysler, Chrysler Group LLC, Fiat, Santander Consumer USA

December 11, 2012 - Industry News

<em>Forbes</em>: Top Advisors Recommend Buying GM, FIAT Stock in 2013

General Motors and FIAT made the cut in Forbes’ recent list of ‘12 Stocks to Buy in 2013.’ The publication spoke with 12 top advisors to get their recommendations.

Tags: Fiat, Forbes, General Motors, GM, Investment, Stock

October 18, 2011 - Industry News

Group 1 Buys GM Dealer, Opens VW and Fiat Stores

Group 1 announced the acquisition of David Taylor Cadillac Buick GMC in Houston, and opens up a FIAT and two Volkswagen dealerships in California and Texas.

Tags: Acquisition, Buick, Cadillac, Fiat, Franchised Dealerships, GMC, Group 1 Automotive, Volkswagen

September 8, 2011 - Industry News

Chase Extends Financing Program to FIAT Dealers

Chase Auto Finance will extend the consumer financing program it launched for Chrysler dealers to FIAT dealers.

Tags: captive finance, Chase, Chase Auto Finance, Fiat

July 15, 2011 - Industry News

NADAguides Report: Consumer Interest Increasing Among European Brands

Euro brands are catching the attention of car shoppers in a big way, with the segment increasing its share of consumer interest by more than 9 percent.

Tags: consumer financial habits, Fiat, MINI, NADAguides

November 23, 2010 - Industry News

Chrysler ‘Showcase’ Dealership Set to Open in Downtown Los Angeles

Visitors to this year’s L.A. Auto Show were treated to the debut of a number of new models and concept vehicles in the cavernous confines of the Los Angeles Convention Center. A few blocks to the south, another attraction awaited visitors: a “showcase” dealership that will house all four of Chrysler LLC’s vehicle brands, as well as a Mopar-branded service center and a FIAT franchise.

Tags: Chrysler, Fiat, Mopar

October 21, 2010 - Industry News

Chrysler Begins Fiat Dealer Appointment Process

Chrysler Group LLC announced on Oct. 20 that it has begun selecting dealers who will represent the Fiat brand in the United States.

Tags: Chrysler, Fiat

October 5, 2010 - Industry News

Ally Financial Becomes Fiat's Preferred Finance Source

Chrysler Group LLC has selected Ally Financial to be the preferred financing provider for Fiat vehicles in the U.S. marketplace. Ally Financial will offer retail financing, leasing, wholesale financing, working capital and facility loans, and remarketing services to the new Fiat dealer network.

Tags: Ally Financial, Chrysler, Fiat

August 31, 2010 - Industry News

Chrysler Hosts 400 Potential Fiat Dealers

Chrysler Group LLC hosted Monday about 400 Chrysler Group dealers to outline the requirements to become a Fiat dealer in the United States.

Tags: Chrysler, Fiat

August 16, 2010 - Industry News

Chrysler Invites 600 Dealers to Apply for Fiat Franchises

Chrysler Group LLC has reached out to 600 dealers in 119 U.S. markets, inviting them to apply for Fiat franchises. The carmaker will host invited dealers at the “Fiat Experience,” an Aug. 30 meeting that will detail the Italian carmaker’s plans to reintroduce the brand to North America.

Tags: Chrysler, Fiat

July 6, 2010 - Industry News

Chrysler Begins Establishing Fiat Dealer Network

Chrysler Group LLC has begun the dealer selection process for the reintroduction of the Fiat brand in the United States.

Tags: Chrysler, Fiat

June 11, 2009 - Industry News

Bankruptcy Court Allows Chrysler to Drop Dealers, Complete Fiat Deal

Chrysler LLC prevailed in a federal bankruptcy court decision last week, allowing the OEM to discontinue franchise agreements with 789 dealers across the U.S. and complete an alliance with Italian automaker Fiat SpA.

Tags: Chrysler, Fiat

May 27, 2009 - Industry News

Chrysler Dealer Council Supports Company’s Reorganization

The Chrysler National Dealer Council, comprised of 17 Chrysler, Jeep and Dodge dealers elected by the dealer organization to represent all dealers’ interests, sent a letter to customers last Tuesday stating support for the company’s organizational overhaul.

Tags: Chrysler, Fiat

May 20, 2009 - Industry News

C. Robert Kidder to Become Chairman of Chrysler Group LLC

C. Robert Kidder will become the new chairman of Chrysler Group LLC.

Chrysler LLC announced Wednesday that C. Robert Kidder, former chairman of Borden Chemical Inc. and of Duracell International Inc., will become chairman of Chrysler Group LLC, once it completes its acquisition of the operating assets of Chrysler LLC and completes a global alliance with Fiat SpA. He will succeed Robert L. Nardelli.

Tags: Chrysler, Fiat

May 12, 2009 - Industry News

Chrysler to Offer Up to $6,000 in New-Vehicle Incentives

Chrysler LLC announced a new slate of incentives worth up to $6,000 for new-vehicle purchases. The savings may be enough to convince car buyers to invest in the beleaguered OEM as it works its way through last week's Chapter 11 bankruptcy filing and an alliance with Italian automaker Fiat SpA.

Tags: Chrysler, credit unions, Fiat, incentives

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