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Fiat Chrysler Automobiles

Fiat Chrysler Automobiles N.V. (FCA) was an Italian-American multinational corporation primarily known as a manufacturer of automobiles, commercial vehicles, auto parts and production systems. The Italian holding company Exor was the largest shareholder and owner of voting rights. At the time it was the world's eighth largest automobile maker.[5] The group was established in October 2014 through the merger of Chrysler Group and Fiat S.p.A. Its corporate headquarters were domiciled in Amsterdam and its financial headquarters were in London. The holding company was listed on the New York Stock Exchange and Milan's Borsa Italiana.[6] Exor, an Italian investment group controlled by the Agnelli family, owned 29.19% of FCA and controlled 44.31% through a loyalty voting mechanism.[7]

Fiat Chrysler Automobiles N.V.
TypePublic (N.V.)
Industry
Predecessors
Founded12 October 2014; 8 years ago (2014-10-12)
Defunct16 January 2021; 2 years ago (2021-01-16)
FateMerged with the PSA Group to form a new company called Stellantis
SuccessorStellantis
HeadquartersAmsterdam, Netherlands (Legal office),

London
,
United Kingdom (fiscal office)
Area served
Worldwide
Key people
John Elkann (chairman)
Mike Manley (CEO)[1]
Revenue 108 billion (2019)[2]
€4 billion (2019)[2]
€6.6 billion (2019)[2]
Total assets €96.87 billion (2018)[2]
Total equity €24.90 billion (2018)[2]
Owners
Number of employees
198,545 (2018)[2]
Subsidiaries

FCA's mass-market brands operated through two main subsidiaries: FCA Italy (previously Fiat Group Automobiles SpA) with headquarters in Turin, and FCA US (previously Chrysler Group LLC) in Auburn Hills, Michigan. The company's portfolio included brands Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Maserati, and Ram Trucks. Ferrari was spun off in 2016.[8] FCA operated in four global markets (NAFTA, LATAM, APAC, EMEA).[9]

On 31 October 2019, FCA announced its intention to merge with the PSA Group (owner of the Peugeot and Citroën brands among others) on a 50-50 all-stock basis.[10] On 18 December 2019, FCA and PSA announced that they had agreed to the terms of a binding $50 billion merger.[11][12] In July 2020, the company announced its new name, Stellantis.[13] On 16 January 2021, after FCA and PSA both approved the merger on 4 January of the same year, the merger was complete with FCA resulting as the surviving entity and changed its name to Stellantis.

FCA also owned industrial subsidiaries Comau, Teksid, and Mopar.[14]

Corporate management

 
Press conference of FCA at the 2019 Geneva Motor Show

The executive management of the company was split between Michigan and Italy.[15] The other operating activities of the new group remained unchanged with manufacturing, design, and engineering facilities remaining in Turin, Michigan, United States, and other locations worldwide.

Executive members of the FCA Board of Directors as of October 2018 were John Elkann (Chairman) and Mike Manley (Chief Executive Officer), with non-executive directors Ronald L. Thompson, Andrea Agnelli, Tiberto Brandolini d'Adda, Glenn Earle, Valerie A. Mars, Ruth J. Simmons, Patience Wheatcroft, Stephen Wolf, and Ermenegildo Zegna, CEO of Ermenegildo Zegna.[16]

Subsidiaries

FCA carried out its mass-market automotive operations through two main subsidiaries: FCA Italy (previously Fiat Group Automobiles)[17] and FCA US (previously Chrysler Group).[18] The company announced both name changes in December 2014.

FCA Italy included the Italy-based brands Abarth, Alfa Romeo, Fiat, Fiat Professional, Lancia, and the engine manufacturing subsidiary VM Motori.[19]

FCA US included the US-based brands Chrysler, Dodge, Jeep, and Ram, plus the Mopar service and parts organization.

Other companies included firms working on production automation (Comau) and a metal foundry (Teksid, 84.8% share). Other joint ventures and subsidiaries are undertaken via the FCA Italy and FCA US companies.

In early 2019, FCA sold auto-parts maker Magneti Marelli for €6.2 billion to Calsonic Kansei, a Japan-based company owned by American buyout firm KKR.

History

Origins

The integration between Fiat and Chrysler dates back to 2009 after Chrysler filed for Chapter 11 bankruptcy reorganization on 30 April 2009. On 10 June 2009, Chrysler emerged from the bankruptcy proceedings with the United Auto Workers pension fund, Fiat, and the US and Canadian governments as principal owners. Fiat's initial purchase was a 20% stake; by January 2012, it grew to 58.5%. On 21 January 2014, Fiat completed the acquisition of the remaining 41.5% from the United Auto Workers, making Chrysler Group a wholly owned subsidiary. On 2 February 2014, Fiat Chrysler began trading on the NYSE under the ticker symbol "FCAU".[20] The total cost of acquisition was US$4.9 billion with an additional US$5.5 billion in pension liability.[21]

Fiat S.p.A. and Chrysler Group LLC merged into FCA on 12 October 2014 following approvals of the board on 15 June 2014 and shareholders on 1 August 2014.[22]

Five-year plan (2014–2018)

On 6 May 2014, Fiat Chrysler Automobiles announced its 5-year business plan.[23] The company expected that sales would increase to 7 million units, revenues to €132 billion, net income to €5 billion, and industrial debt would peak at €11 billion in 2015, and then reduce to €0.5-1 billion by end of 2018.[24] The Group updated its business plan targets in January 2016 at the time it announced FY 2015.

Much of the global growth was focused around Jeep due to its high visibility globally as well as the growing worldwide SUV market. Chrysler would be re-positioned as the company's mainstream North American brand to compete with Ford, Chevrolet, Toyota, and Volkswagen, while Dodge would focus on performance-based vehicles. Alfa Romeo would become the company's premium marque to compete with BMW, Lexus, and Audi, while Maserati would be the company's ultra-luxury brand to compete with Mercedes-Benz, Bentley, Jaguar, Aston Martin, and Rolls-Royce. Fiat (which would remain the company's mainstream brand outside North America) and Ram Trucks would remain largely unchanged while SRT was merged back into Dodge.[25] Conspicuously absent in the announcement was Lancia, which was later confirmed to be withdrawing from all markets outside Italy.[26]

New vehicle models

In 2014, Alfa Romeo launched the 4C and 4C Spider in North America. In 2015, the company announced the Giulia and in 2016 it added an SUV, Stelvio. It dropped the 4C from the lineup in 2019. FCA announced a mid-cycle refresh for both the Giulia and Stelvio for production year 2021.[27]

In 2014, Chrysler released a refreshed 300/300C. In 2016, the brand launched the Pacifica as the successor to the Town & Country.

The first announcement was that the SRT brand was to rejoin Dodge. In 2015, a refreshed Charger and Challenger (with equivalent SRT versions) launched. The company also introduced SRT Hellcat versions of the Charger and Challenger.[28][29] FCA also announced that 2014 would be the last model year for the Dodge Avenger. In 2018 with a refreshed Dodge Durango launched along with (an SRT version). In 2018 it launched a Challenger (and SRT version) and Charger (and SRT version) models.

In April 2017, Dodge introduced the 2018 Dodge Demon. It had a 6.2L V8 HEMI mated to a 2.7L supercharger, which produced 840 horsepower and 770 lb-ft of torque at the crank--and made the Dodge Demon the world's quickest production vehicle at the time. The Demon's excessive torque caused the front axle to lift off of the ground during launch. It was also equipped with many other industry-first features including a Transbrake, launch control systems, 5-point harness occupant restraints, and an HVAC system that produces additional horsepower by further cooling intake air.[23]

In 2015, Fiat launched the new Fiat 500X (produced in Melfi, Italy) and the Fiat Egea (produced in Turkey by JV partner Tofas and sold in Europe under the Fiat Tipo nameplate and Mexico as the Dodge Neon).[23]

Lancia is a historic brand of Italian luxury and performance cars. With the discontinuation of the Lancia-badged Chrysler 300 and Voyager in the European market in 2015, the Ypsilon is the only model currently in production and is marketed solely in Italy.

In 2014, the Maserati GranTurismo and GranCabrio were believed to be the end of the nameplate. In 2016, the company launched the new Maserati Levante SUV. In 2018, it added a new GranTurismo with a 560-horsepower V8 and rear-wheel drive. Between 2014 and 2018, the top-of-the-line Maserati Quattroporte GTS received a 560-horsepower V8 with an all-wheel drive to replace the 523-horsepower V8 with rear-wheel drive in the GTS model. The top-of-the-line Ghiblis and Levantes received the same setup as the Quattroporte. In 2020, the company added the Maserati Alfieri. The car was scheduled for release in 2016 but was postponed to allow the Levante in 2016. In 2021, a convertible variant of the Alfieri is expected. The top-of-the-line Alfieri will receive a 520-horsepower V6 with all-wheel drive.[23]

In 2014, FCA launched the Jeep Renegade. After a long absence Jeep returned to Malaysia, where DRB-Hicom distributes the brand's vehicles.[30] In 2015, FCA refreshed the Jeep Grand Cherokee with celebrities Fan Bingbing, Tina Fey, Sandra Bullock, Julia Roberts, and Cate Blanchett promoted as brand ambassadors. Jeep marked its 75th anniversary in 2016. The Jeep Compass and Jeep Patriot appeared in their last model year while a refreshed Jeep Cherokee was released. In 2017, FCA refreshed the Jeep Renegade followed by the updated Jeep Wrangler and Grand Cherokee in 2018. In 2021, FCA launched a luxury Grand Wagoneer to compete with the likes of Mercedes-Benz G-Class and Range Rover, Cadillac Escalade, and Lincoln Navigator.[31] Jeep also launched the Wagoneer to compete with the likes of the Ford Expedition, Chevrolet Suburban, and GMC Yukon.

In 2014, Ram launched the ProMaster van and the smaller ProMaster City, derived from the Fiat Ducato and Doblò respectively.[23] In 2017, the division launched a new Ram 1500 and a refreshed commercial light-duty truck. It followed in 2018 with a new Ram HD, commercial heavy-duty truck, and Ram chassis cab.[23]

2015–2018

Fiat Chrysler Automobiles NV chief executive Sergio Marchionne and Dennis Williams, President of the United Auto Workers (UAW), entered into contract negotiations on 14 July 2015. As negotiations between the UAW and US automakers began, Marchionne leaned in to embrace Williams in a hug seen "round the world," shocking some union members.[32] When Marchionne made the announcement on 8 January 2017 of plans to add 2,000 jobs and invest $1 billion in plants by 2020, Marchionne credited the decision to the negotiations with Williams that began in 2015.[33][34]

On 13 January 2017, the company came under investigation by the US Justice Department due to allegedly failing to disclose software that violated emissions standards and allowed vehicles to exceed pollution limits.[35] On 23 May 2017, the Justice Department filed a civil lawsuit alleging that FCA "used a 'defeat device' to circumvent emission controls" in more than 100,000 vehicles between 2014 and 2016.[36]

On 29 October 2014, the group announced the intention to separate Ferrari S.p.A. from FCA. The transaction completed on 3 January 2016.[37] In January 2016, Ferrari became a separate investment of Exor, siding with FCA and CNH, after FCA listed 10% of the company on the NYSE in October 2015 and distributed its remaining 80% stake in Ferrari to FCA shareholders. Ferrari now trades on the NYSE under the ticker symbol "RACE".[8]

FCA also operated in print media and advertising through its Italiana Editrice subsidiary (publisher of the Italian La Stampa and Il Secolo XIX newspapers) and interest in RCS Media Group.

In March 2017, FCA was a stakeholder in the creation of Italy's largest media group GEDI Gruppo Editoriale, created by the merger of Gruppo Editoriale L'Espresso publishing L'espresso and La Repubblica with Italiana Editrice (ITEDI), of which FCA held 77% of the shares and which publishes the Torino daily La Stampa and Il Secolo XIX. Subsequently, FCA divested from publishing by distributing its shares to its own shareholders, again mainly Exor, so to concentrate on the automobile business. Exor sold its shares in GEDI immediately after receiving them.

On 21 July 2018, FCA suddenly replaced chief executive Marchionne in all of his positions at FCA, Ferrari, SGS, and CNH following emergency meetings of each respective company's board of directors.[38][39][40] Marchionne last appeared in public on 26 June where he appeared quite lethargic and fatigued. FCA stated on 5 July that he had taken medical leave to undergo surgery to his right shoulder and on the day of his replacement stated that he would not be able to return to work due to post-surgical complications.[41] It was later reported that his health had deteriorated "suddenly and sharply"[42][43] and that Marchionne had lapsed into a coma.[44][45][46][47][48] Sergio Marchionne died on 25 July 2018, aged 66.[49][50]

After Marchionne

In July 2018, Fiat Chrysler Automobiles NV's European chief Alfredo Altavilla resigned after being passed over to replace Marchionne.[51]

In January 2019, Fiat Chrysler agreed to pay $800 million to settle lawsuits related to diesel emissions[52] after the company was found to have installed software to produce false results on diesel emissions tests. In July 2020, authorities from Germany, Italy and Switzerland raided the offices of Fiat-Chrysler Automobiles as part of the investigation over the use of defeat devices in emissions testing.[53] Additionally Fiat-Chrysler is facing a £5 billion class-action lawsuit in the United Kingdom in relation to allegations of diesel emissions manipulation in select Alfa Romeo, Fiat, Iveco, and Jeep models.[54]

In February 2019, Fiat Chrysler announced plans to invest $4.5 billion in manufacturing in Michigan.[55] The plant is estimated to create nearly 6,500 jobs. Plans include $1.6 billion to build a Jeep factory in Detroit.[56]

In May 2019, Fiat Chrysler proposed merging its business with Renault[57] but it was later withdrawn.[58]

In March 2020, the Detroit United Auto Workers union announced that after discussion with the leaders of General Motors, Ford, and Fiat Chrysler Automobiles, the carmakers would partially shut down factories on a "rotating" basis to mitigate the COVID-19 pandemic.[59] In April 2020, the company released several advertisements designed to discourage people from using their products during the pandemic.[60]

Merger with the PSA Group

On 31 October 2019, FCA announced its intent to merge with the French automaker PSA Group. The merger would be on a 50-50 all-stock basis.[10] On 18 December 2019, FCA and PSA announced that they had agreed to the binding terms for the $50 billion merger.[11][12] On 15 July 2020, both companies announced that the corporate name of the new group would be Stellantis.[61] The new group will be incorporated in the Netherlands with Carlos Tavares as CEO.[62] On 4 January 2021, both shareholders of FCA and PSA approved the merger and it ceased operation on 16 January 2021.[63][64][65]

The FCA logo, which comprises stylised blue letters resembling FCA, was created by the Italian branding company Robilant Associati,[66][67] ending the use of the Fiat S.p.A. logo and Chrysler Pentastar logo for group branding.[68]

See also

References

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External links

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fiat, chrysler, automobiles, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, need, reorganization, comply, with, wikipedia, layout, guidelines, please, h. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article may be in need of reorganization to comply with Wikipedia s layout guidelines Please help by editing the article to make improvements to the overall structure December 2020 Learn how and when to remove this template message This article needs to be updated Please help update this article to reflect recent events or newly available information December 2020 Learn how and when to remove this template message Fiat Chrysler Automobiles N V FCA was an Italian American multinational corporation primarily known as a manufacturer of automobiles commercial vehicles auto parts and production systems The Italian holding company Exor was the largest shareholder and owner of voting rights At the time it was the world s eighth largest automobile maker 5 The group was established in October 2014 through the merger of Chrysler Group and Fiat S p A Its corporate headquarters were domiciled in Amsterdam and its financial headquarters were in London The holding company was listed on the New York Stock Exchange and Milan s Borsa Italiana 6 Exor an Italian investment group controlled by the Agnelli family owned 29 19 of FCA and controlled 44 31 through a loyalty voting mechanism 7 Fiat Chrysler Automobiles N V TypePublic N V Traded asBorsa Italiana FCANYSE FCAUIndustryAutomotiveProduction systemsPredecessorsFiat S p A Chrysler GroupFounded12 October 2014 8 years ago 2014 10 12 Defunct16 January 2021 2 years ago 2021 01 16 FateMerged with the PSA Group to form a new company called StellantisSuccessorStellantisHeadquartersAmsterdam Netherlands Legal office London United Kingdom fiscal office Area servedWorldwideKey peopleJohn Elkann chairman Mike Manley CEO 1 Revenue 108 billion 2019 2 Operating income 4 billion 2019 2 Net income 6 6 billion 2019 2 Total assets 96 87 billion 2018 2 Total equity 24 90 billion 2018 2 OwnersExor N V 28 7 Tiger Global 4 79 UBS Securities 4 35 Vanguard 1 93 3 Number of employees198 545 2018 2 SubsidiariesCompanies 4 Vehicles FCA Italy S p A Abarth amp C Alfa Romeo Automobiles Fiat Fiat Professional Lancia Automobiles Maserati FCA US LLC Chrysler Dodge Jeep RamComponents and production systems Comau MoparFCA s mass market brands operated through two main subsidiaries FCA Italy previously Fiat Group Automobiles SpA with headquarters in Turin and FCA US previously Chrysler Group LLC in Auburn Hills Michigan The company s portfolio included brands Abarth Alfa Romeo Chrysler Dodge Fiat Fiat Professional Jeep Lancia Maserati and Ram Trucks Ferrari was spun off in 2016 8 FCA operated in four global markets NAFTA LATAM APAC EMEA 9 On 31 October 2019 FCA announced its intention to merge with the PSA Group owner of the Peugeot and Citroen brands among others on a 50 50 all stock basis 10 On 18 December 2019 FCA and PSA announced that they had agreed to the terms of a binding 50 billion merger 11 12 In July 2020 the company announced its new name Stellantis 13 On 16 January 2021 after FCA and PSA both approved the merger on 4 January of the same year the merger was complete with FCA resulting as the surviving entity and changed its name to Stellantis FCA also owned industrial subsidiaries Comau Teksid and Mopar 14 Contents 1 Corporate management 2 Subsidiaries 3 History 3 1 Origins 3 2 Five year plan 2014 2018 3 3 New vehicle models 3 4 2015 2018 3 5 After Marchionne 3 6 Merger with the PSA Group 4 Logo 5 See also 6 References 7 External linksCorporate management Edit Press conference of FCA at the 2019 Geneva Motor Show The executive management of the company was split between Michigan and Italy 15 The other operating activities of the new group remained unchanged with manufacturing design and engineering facilities remaining in Turin Michigan United States and other locations worldwide Executive members of the FCA Board of Directors as of October 2018 were John Elkann Chairman and Mike Manley Chief Executive Officer with non executive directors Ronald L Thompson Andrea Agnelli Tiberto Brandolini d Adda Glenn Earle Valerie A Mars Ruth J Simmons Patience Wheatcroft Stephen Wolf and Ermenegildo Zegna CEO of Ermenegildo Zegna 16 Subsidiaries EditFCA carried out its mass market automotive operations through two main subsidiaries FCA Italy previously Fiat Group Automobiles 17 and FCA US previously Chrysler Group 18 The company announced both name changes in December 2014 FCA Italy included the Italy based brands Abarth Alfa Romeo Fiat Fiat Professional Lancia and the engine manufacturing subsidiary VM Motori 19 FCA US included the US based brands Chrysler Dodge Jeep and Ram plus the Mopar service and parts organization Other companies included firms working on production automation Comau and a metal foundry Teksid 84 8 share Other joint ventures and subsidiaries are undertaken via the FCA Italy and FCA US companies In early 2019 FCA sold auto parts maker Magneti Marelli for 6 2 billion to Calsonic Kansei a Japan based company owned by American buyout firm KKR History EditOrigins Edit The integration between Fiat and Chrysler dates back to 2009 after Chrysler filed for Chapter 11 bankruptcy reorganization on 30 April 2009 On 10 June 2009 Chrysler emerged from the bankruptcy proceedings with the United Auto Workers pension fund Fiat and the US and Canadian governments as principal owners Fiat s initial purchase was a 20 stake by January 2012 it grew to 58 5 On 21 January 2014 Fiat completed the acquisition of the remaining 41 5 from the United Auto Workers making Chrysler Group a wholly owned subsidiary On 2 February 2014 Fiat Chrysler began trading on the NYSE under the ticker symbol FCAU 20 The total cost of acquisition was US 4 9 billion with an additional US 5 5 billion in pension liability 21 Fiat S p A and Chrysler Group LLC merged into FCA on 12 October 2014 following approvals of the board on 15 June 2014 and shareholders on 1 August 2014 22 Five year plan 2014 2018 Edit On 6 May 2014 Fiat Chrysler Automobiles announced its 5 year business plan 23 The company expected that sales would increase to 7 million units revenues to 132 billion net income to 5 billion and industrial debt would peak at 11 billion in 2015 and then reduce to 0 5 1 billion by end of 2018 24 The Group updated its business plan targets in January 2016 at the time it announced FY 2015 Much of the global growth was focused around Jeep due to its high visibility globally as well as the growing worldwide SUV market Chrysler would be re positioned as the company s mainstream North American brand to compete with Ford Chevrolet Toyota and Volkswagen while Dodge would focus on performance based vehicles Alfa Romeo would become the company s premium marque to compete with BMW Lexus and Audi while Maserati would be the company s ultra luxury brand to compete with Mercedes Benz Bentley Jaguar Aston Martin and Rolls Royce Fiat which would remain the company s mainstream brand outside North America and Ram Trucks would remain largely unchanged while SRT was merged back into Dodge 25 Conspicuously absent in the announcement was Lancia which was later confirmed to be withdrawing from all markets outside Italy 26 New vehicle models Edit In 2014 Alfa Romeo launched the 4C and 4C Spider in North America In 2015 the company announced the Giulia and in 2016 it added an SUV Stelvio It dropped the 4C from the lineup in 2019 FCA announced a mid cycle refresh for both the Giulia and Stelvio for production year 2021 27 In 2014 Chrysler released a refreshed 300 300C In 2016 the brand launched the Pacifica as the successor to the Town amp Country The first announcement was that the SRT brand was to rejoin Dodge In 2015 a refreshed Charger and Challenger with equivalent SRT versions launched The company also introduced SRT Hellcat versions of the Charger and Challenger 28 29 FCA also announced that 2014 would be the last model year for the Dodge Avenger In 2018 with a refreshed Dodge Durango launched along with an SRT version In 2018 it launched a Challenger and SRT version and Charger and SRT version models In April 2017 Dodge introduced the 2018 Dodge Demon It had a 6 2L V8 HEMI mated to a 2 7L supercharger which produced 840 horsepower and 770 lb ft of torque at the crank and made the Dodge Demon the world s quickest production vehicle at the time The Demon s excessive torque caused the front axle to lift off of the ground during launch It was also equipped with many other industry first features including a Transbrake launch control systems 5 point harness occupant restraints and an HVAC system that produces additional horsepower by further cooling intake air 23 In 2015 Fiat launched the new Fiat 500X produced in Melfi Italy and the Fiat Egea produced in Turkey by JV partner Tofas and sold in Europe under the Fiat Tipo nameplate and Mexico as the Dodge Neon 23 Lancia is a historic brand of Italian luxury and performance cars With the discontinuation of the Lancia badged Chrysler 300 and Voyager in the European market in 2015 the Ypsilon is the only model currently in production and is marketed solely in Italy In 2014 the Maserati GranTurismo and GranCabrio were believed to be the end of the nameplate In 2016 the company launched the new Maserati Levante SUV In 2018 it added a new GranTurismo with a 560 horsepower V8 and rear wheel drive Between 2014 and 2018 the top of the line Maserati Quattroporte GTS received a 560 horsepower V8 with an all wheel drive to replace the 523 horsepower V8 with rear wheel drive in the GTS model The top of the line Ghiblis and Levantes received the same setup as the Quattroporte In 2020 the company added the Maserati Alfieri The car was scheduled for release in 2016 but was postponed to allow the Levante in 2016 In 2021 a convertible variant of the Alfieri is expected The top of the line Alfieri will receive a 520 horsepower V6 with all wheel drive 23 In 2014 FCA launched the Jeep Renegade After a long absence Jeep returned to Malaysia where DRB Hicom distributes the brand s vehicles 30 In 2015 FCA refreshed the Jeep Grand Cherokee with celebrities Fan Bingbing Tina Fey Sandra Bullock Julia Roberts and Cate Blanchett promoted as brand ambassadors Jeep marked its 75th anniversary in 2016 The Jeep Compass and Jeep Patriot appeared in their last model year while a refreshed Jeep Cherokee was released In 2017 FCA refreshed the Jeep Renegade followed by the updated Jeep Wrangler and Grand Cherokee in 2018 In 2021 FCA launched a luxury Grand Wagoneer to compete with the likes of Mercedes Benz G Class and Range Rover Cadillac Escalade and Lincoln Navigator 31 Jeep also launched the Wagoneer to compete with the likes of the Ford Expedition Chevrolet Suburban and GMC Yukon In 2014 Ram launched the ProMaster van and the smaller ProMaster City derived from the Fiat Ducato and Doblo respectively 23 In 2017 the division launched a new Ram 1500 and a refreshed commercial light duty truck It followed in 2018 with a new Ram HD commercial heavy duty truck and Ram chassis cab 23 2015 2018 Edit Fiat Chrysler Automobiles NV chief executive Sergio Marchionne and Dennis Williams President of the United Auto Workers UAW entered into contract negotiations on 14 July 2015 As negotiations between the UAW and US automakers began Marchionne leaned in to embrace Williams in a hug seen round the world shocking some union members 32 When Marchionne made the announcement on 8 January 2017 of plans to add 2 000 jobs and invest 1 billion in plants by 2020 Marchionne credited the decision to the negotiations with Williams that began in 2015 33 34 On 13 January 2017 the company came under investigation by the US Justice Department due to allegedly failing to disclose software that violated emissions standards and allowed vehicles to exceed pollution limits 35 On 23 May 2017 the Justice Department filed a civil lawsuit alleging that FCA used a defeat device to circumvent emission controls in more than 100 000 vehicles between 2014 and 2016 36 On 29 October 2014 the group announced the intention to separate Ferrari S p A from FCA The transaction completed on 3 January 2016 37 In January 2016 Ferrari became a separate investment of Exor siding with FCA and CNH after FCA listed 10 of the company on the NYSE in October 2015 and distributed its remaining 80 stake in Ferrari to FCA shareholders Ferrari now trades on the NYSE under the ticker symbol RACE 8 FCA also operated in print media and advertising through its Italiana Editrice subsidiary publisher of the Italian La Stampa and Il Secolo XIX newspapers and interest in RCS Media Group In March 2017 FCA was a stakeholder in the creation of Italy s largest media group GEDI Gruppo Editoriale created by the merger of Gruppo Editoriale L Espresso publishing L espresso and La Repubblica with Italiana Editrice ITEDI of which FCA held 77 of the shares and which publishes the Torino daily La Stampa and Il Secolo XIX Subsequently FCA divested from publishing by distributing its shares to its own shareholders again mainly Exor so to concentrate on the automobile business Exor sold its shares in GEDI immediately after receiving them On 21 July 2018 FCA suddenly replaced chief executive Marchionne in all of his positions at FCA Ferrari SGS and CNH following emergency meetings of each respective company s board of directors 38 39 40 Marchionne last appeared in public on 26 June where he appeared quite lethargic and fatigued FCA stated on 5 July that he had taken medical leave to undergo surgery to his right shoulder and on the day of his replacement stated that he would not be able to return to work due to post surgical complications 41 It was later reported that his health had deteriorated suddenly and sharply 42 43 and that Marchionne had lapsed into a coma 44 45 46 47 48 Sergio Marchionne died on 25 July 2018 aged 66 49 50 After Marchionne Edit In July 2018 Fiat Chrysler Automobiles NV s European chief Alfredo Altavilla resigned after being passed over to replace Marchionne 51 In January 2019 Fiat Chrysler agreed to pay 800 million to settle lawsuits related to diesel emissions 52 after the company was found to have installed software to produce false results on diesel emissions tests In July 2020 authorities from Germany Italy and Switzerland raided the offices of Fiat Chrysler Automobiles as part of the investigation over the use of defeat devices in emissions testing 53 Additionally Fiat Chrysler is facing a 5 billion class action lawsuit in the United Kingdom in relation to allegations of diesel emissions manipulation in select Alfa Romeo Fiat Iveco and Jeep models 54 In February 2019 Fiat Chrysler announced plans to invest 4 5 billion in manufacturing in Michigan 55 The plant is estimated to create nearly 6 500 jobs Plans include 1 6 billion to build a Jeep factory in Detroit 56 In May 2019 Fiat Chrysler proposed merging its business with Renault 57 but it was later withdrawn 58 In March 2020 the Detroit United Auto Workers union announced that after discussion with the leaders of General Motors Ford and Fiat Chrysler Automobiles the carmakers would partially shut down factories on a rotating basis to mitigate the COVID 19 pandemic 59 In April 2020 the company released several advertisements designed to discourage people from using their products during the pandemic 60 Merger with the PSA Group Edit On 31 October 2019 FCA announced its intent to merge with the French automaker PSA Group The merger would be on a 50 50 all stock basis 10 On 18 December 2019 FCA and PSA announced that they had agreed to the binding terms for the 50 billion merger 11 12 On 15 July 2020 both companies announced that the corporate name of the new group would be Stellantis 61 The new group will be incorporated in the Netherlands with Carlos Tavares as CEO 62 On 4 January 2021 both shareholders of FCA and PSA approved the merger and it ceased operation on 16 January 2021 63 64 65 Logo EditThe FCA logo which comprises stylised blue letters resembling FCA was created by the Italian branding company Robilant Associati 66 67 ending the use of the Fiat S p A logo and Chrysler Pentastar logo for group branding 68 See also Edit Italy portal cars portalList of manufacturers by motor vehicle productionReferences Edit FCA Announcement pdf FCA FCA Announcement pdf accessdate 21 July 2018 a b c d e f Fiat Chrysler 2018 Results PDF Fiat Chrysler Automobiles Retrieved 7 April 2019 Fiat Chrysler Automobiles Shareholders Board Members Managers and Company Profile MarketScreener Retrieved 20 January 2021 Group Brands fiatspa com Archived from the original on 18 May 2013 Retrieved 25 May 2013 Flak Agnieszka 29 October 2014 Fiat Chrysler to spin off Ferrari issue 2 5 billion convertible bond Yahoo Finance Reuters Retrieved 20 January 2021 Fiat says merger into Dutch registered FCA effective October 12 Reuters London 7 October 2014 Retrieved 20 January 2021 FCA 2014 Annual Report pdf FCA Annual Report at 31 December 2014 Retrieved 4 March 2016 a b Joseph Noah Ferrari and FCA are officially separated Autoblog Retrieved 24 January 2016 Group profile FCA a b Fiat Chrysler and Peugeot agree to pursue giant auto merger Financial Times London 31 October 2019 Retrieved 20 January 2021 a b Ewing Jack Alderman Liz 18 December 2019 Fiat Chrysler and Peugeot Agree on Terms to Forge New Auto Giant The New York Times ISSN 0362 4331 Retrieved 18 December 2019 a b Fiat Chrysler Peugeot owner PSA agree binding merger in 50 billion deal Reuters 18 December 2019 Retrieved 18 December 2019 Vijayraghvan Seshan 16 July 2020 FCA Groupe PSA Merger Officially Named Stellantis Car and Bike Group brands FCA MLive 8 1 14 8 January 2014 Retrieved 1 August 2014 Board of Directors FCAGroup Retrieved 11 August 2015 Snavely Brent Gardner Greg 16 December 2014 Chrysler Group officially becomes FCA US Detroit Free Press Retrieved 2 January 2015 Wayland Michael 16 December 2014 Chrysler name fades in FCA era The Detroit News Retrieved 2 January 2015 Fiat buys remainder of diesel maker VM Motori from GM Automotive News 28 October 2013 Retrieved 26 February 2014 Fiat shares surge after deal to buy remaining Chrysler stake BBC News 2 January 2014 Retrieved 30 January 2014 Sloan Allan 7 February 2014 The new Fiat Chrysler faces a rougher road than many think The Washington Post Retrieved 7 February 2014 Fiat S p A PDF 8 January 2014 Archived from the original PDF on 8 August 2014 Retrieved 1 August 2014 a b c d e f Fiat Chrysler Automobiles The next five years Autoblog 6 May 2014 Retrieved 11 October 2014 Five Year Financial Targets PDF Press release 6 May 2014 Retrieved 20 January 2021 Fiat Chrysler unveils aggressive five year plan Los Angeles Times 6 May 2014 Retrieved 22 June 2014 Tisshaw Mark 7 May 2014 Fiat chiefs confirm Lancia to only sell cars in Italy 2016 model year Autocar Retrieved 20 January 2021 Gauthier Michael 30 October 2019 2020 Alfa Romeo Giulia And Stelvio Updates Revealed Interior Gets Quality Overhaul Carscoops Retrieved 1 November 2019 Siler Steve 13 August 2014 2015 Dodge Charger SRT Hellcat 707 hp 204 mph Unlimited Bad Assitude Car and Driver Wendler Andrew 1 August 2014 Hell Hath No Fury Like the 707 Horsepower 2015 Dodge Challenger SRT Hellcat Car and Driver Sze Gregory 28 November 2014 Jeep Malaysia returns after decade long hiatus four new models launched additional dealerships touted Paultan org Retrieved 11 August 2015 New Jeep Wagoneer and Grand Wagoneer to Start Production in 2021 Automobile Reuters 27 February 2019 Retrieved 20 January 2021 Owram Kristine 12 August 2016 Canadian auto union says it s learned its lesson about the hug from last summer Financial Post Toronto Retrieved 14 January 2017 Snavely Brent 9 January 2017 Trump lauds Fiat Chrysler but CEO seeks policy clarity Detroit Free Press Retrieved 14 January 2017 Reich Robert 13 January 2017 Robert Reich The Lies Trump Tells to Tyrannize Newsweek Retrieved 14 January 2017 Schoenberg Tom Ebhardt Tommaso 13 January 2017 Fiat Chrysler Faces U S Criminal Emissions Investigation Bloomberg News Retrieved 13 January 2017 Muller David 23 May 2017 DOJ Sues FCA As Automaker Asks to Fix Alleged Defeat Device on 2014 16 Diesels Car and Driver Retrieved 20 January 2021 FCA Announces Board Intention to Spin Off Ferrari S p A PDF Press release FCA Group 29 October 2014 Retrieved 29 October 2014 Ebhardt Tommaso 21 July 2018 Fiat Names Jeep Chief Manley to Replace CEO Marchionne Fiat Ferrari boards to meet on Marchionne succession report Reuters 21 July 2018 Fiat Chrysler to name Jeep s Manley to replace Marchionne as CEO source Reuters 21 July 2018 Bunkley Nick 21 July 2018 FCA paints grim picture of Marchionne s health Automotive News Essex Randy LaReau Jamie L Marchionne gravely ill in Swiss hospital Italian media reports Detroit Free Press Retrieved 20 January 2021 Boudette Neal E 21 July 2018 Fiat Chrysler C E O Marchionne Is Replaced After Falling Gravely Ill The New York Times Fasano Guisi 28 July 2018 Marchionne malato condizioni gravissime coma irreversibile Marchionne situation irreversible The final battle in the Zurich clinic Corriere della Sera in Italian Milan Retrieved 20 January 2021 Agostini Cristina 22 July 2018 Sergio Marchionne l indiscrezione sulla sua salute Dago bomba non e la spalla di che cosa e malato Sergio Marchionne the indiscretion on his health Lung cancer patient he is in a coma Libero in Italian Retrieved 20 January 2021 Stella Giovanna Grande Stevens su Marchionne I suoi polmoni sono stati aggrediti Incapace di sottrarsi alle sigarette Grande Stevens on Marchionne His lungs have been attacked Unable to escape cigarettes Il Giornale in Italian Milan Retrieved 20 January 2021 Marchionne Suffered Embolism During Cancer Surgery Autoweek 24 July 2018 Retrieved 24 July 2018 Report Sergio Marchionne in coma after stroke The Detroit News 24 July 2018 Retrieved 24 July 2018 Griseri Paolo Ricciardi Raffaele 25 July 2018 E morto Sergio Marchionne l uomo che salvo l auto italiana Sergio Marchionne the man who changed the fate of Fiat died Elkann Forever grateful la Repubblica Rome Retrieved 20 January 2021 Ebhardt Tommaso 25 July 2018 Sergio Marchionne CEO Who Steered Fiat Chrysler Dies Aged 66 Bloomberg News Retrieved 20 January 2021 Ebhardt Tommaso Fiat Chrysler Europe Chief to Step Down After New CEO Chosen Bloomberg News Retrieved 20 January 2021 Fiat Chrysler will pay 800 million to settle diesel emissions lawsuits CNET 10 January 2019 Fiat offices raided over diesel emissions fraud claims BBC News 22 July 2020 Retrieved 17 October 2021 Shale Hester Tristan Fiat Chrysler faces 5bn UK lawsuit over defeat devices Auto Express Carey Nick 26 February 2019 Fiat Chrysler to invest 4 5 billion in Michigan for new Jeep SUV models Reuters Retrieved 20 January 2021 Roberts Adrienne 26 February 2019 Fiat Chrysler to Invest 4 5 Billion in Manufacturing in Michigan Create Nearly 6 500 Jobs The Wall Street Journal ISSN 0099 9660 Retrieved 27 February 2019 Korosec Kirsten 27 May 2019 Fiat Chrysler proposes 50 50 merger with Renault TechCrunch Retrieved 20 January 2021 Keohane David Lewis Leo Fontanella Khan James 25 June 2019 Fiat Chrysler withdraws 33bn Renault merger offer Financial Times London Retrieved 6 June 2019 DeBord Matthew 18 March 2020 Ford GM Fiat Chrysler and United Auto Workers union agree to a partial shutdown of US plants as coronavirus spreads despite many in Europe shutting down completely Business Insider Retrieved 18 March 2020 Isadore Chris These companies are begging you not to use their products during the crisis CNN Retrieved 23 April 2020 Stellantis The name of the new group resulting from the merger of FCA and Groupe PSA PDF Press release FCA 15 July 2020 Retrieved 20 January 2021 Riley Charles 18 December 2019 Fiat Chrysler and Peugeot owner agree deal to create world s third largest automaker CNN Retrieved 18 December 2019 Eisenstein Paul A 4 January 2021 Fiat Chrysler and Peugeot shareholders vote to merge creating world s fourth largest car maker NBC News Retrieved 20 January 2021 Noble Breana 4 January 2021 Stellantis merger to close on Jan 16 after PSA FCA shareholders approve The Detroit News Retrieved 5 January 2021 The merger of FCA and Groupe PSA has been completed PDF Press release FCA and PSA Groupe 16 January 2021 Patton Phil 3 February 2014 Fiat Chrysler Merger Spawns New Logo The New York Times Retrieved 6 February 2014 FCA Fiat Chrysler Automobiles New Logo Robilant Associati 5 February 2014 Retrieved 7 February 2014 Fiat and Chrysler adopt a new logo PDF Press release FCA 29 January 2014 Retrieved 20 January 2021 External links Edit Wikimedia Commons has media related to Fiat Chrysler Automobiles Official website archived 23 Apr 2021 Retrieved from https en wikipedia org w index php title Fiat Chrysler Automobiles amp oldid 1138472694, wikipedia, wiki, book, books, library,

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