The car’s development reportedly has been sped up under the project codenamed X3C. Mules seen undergoing testing around the FCA plant in Belo Horizonte suggest the new model will make do with the platform from the first-generation Panda....More
It’s unclear whether the two officials were taking advantage of the drop in share price since Fiat Chrysler Automobiles unveiled its 5-year strategy on Tuesday or if it was an attempt to prop up the stock’s value....More
Wealthy young consumers soon will make China the world's largest luxury vehicle market. Only a tiny percentage of Beijing, China's population can afford luxury items, but with a population of more than 21 million, a small percentage adds up to a lot of shoppers supporting many high-end stores in the city's upscale Dongcheng financial district. Rodeo Drive and Fifth Avenue have nothing on this smoggy street of dreams, except perhaps cleaner air.
Launched in February, the Fiat 500L marketing campaign features a television commercial with rapper Sean "P. Diddy" Combs. The spot quadrupled traffic to the brand's website and visits remain twice that of previous levels....More
FCA CEO Sergio Marchionne warns that the disintegration of sales since 2007 equates to the loss of nearly 12 assembly plants. European automakers, however, have not rebalanced manufacturing capacity....More
Domestic sales fell after the national consumption tax was increased April 1, but the decline was offset by brisk demand in North America and the effects of the weaker yen against the dollar, among other pluses....More
Dennis Williams does not seem convinced complete wage parity will occur, as he talks about “bridging” the gap between the two levels and stresses that the automakers must continue to be successful....More