Auto major Fiat Chrysler Automobiles (FCA) on Wednesday said it will invest $150 million (around Rs 1,103 crore) to set up a global digital hub in Hyderabad to help the group develop new technologies to cater to its automotive operations across the globe. The facility, which is FCA's largest digital hub outside of North America, would create nearly 1,000 jobs by the end of next year.
Unions representing the majority of workers at Fiat Chrysler in Italy rejected a strike called by an independent labour group in protest against the huge sums of money spent by Italy's Juventus soccer club to sign Cristiano Ronaldo.
In 2015, the group will introduce the much-awaited Wrangler and Grand Cherokee.
Fiat Chrysler will be shipping its first India made product - the Compass SUV - to right hand drive markets like UK, Japan, Australia and South Africa in the next few months.
Exor, the investment holding of Italy's Agnelli family, owns nearly 30 percent of Fiat Chrysler (FCA) and 64 percent of Juventus. FCA and Juventus are completely separate entities, each managing their own finances and operations.
The April-June quarter of 2018 happens to be the weakest for the Jeep since the launch, making it evident that it is not easy for a carmaker to sustain growth with a single product.
FCA has alleged that the Roxor, which M&M imports in the US from India as knocked-down kits, was "a nearly identical copy of the iconic Jeep design", adding that the product was modelled after the original Willys Jeep.
The company unveiled premium sedan Avventura and high-performance Abarth 500
Performance is one of the strengths of Abarth 595 Competizione.
The two new products are part of the company's revival strategy plans in India where it has been struggling to win consumers.
The company will also bring global products such as Abarth.
In India, car companies measure wholesale as sales.
Less than a week after sealing a deal with Chrysler to form a partnership, Fiat CEO Sergio Marchionne visited Berlin to try to convince Germany's political leaders of his plan to create a European car giant with the acquisition of General Motors Corp's Opel unit.
Italian car maker Fiat is in talks to acquire 35 per cent stake in ailing American auto major Chrysler, says a media report.
Citing people familiar with the matter, the report said the banks were discussing lending Fiat the money to buy a 41.5 per cent stake in Chrysler held by the United Auto Workers' healthcare trust Veba.
The luxury SUVs will compete against models of Mercedes-Benz, BMW, Audi, Volvo, Porsche and Land Rover
The Financial Times report citing Altavilla's court testimony stated that, "Fiat will name chief executive Sergio Marchionne, Alfredo Altavilla, its head of business development, and Lucio Noto, former vice-chairman of ExxonMobil, to the board of new Chrysler." Altavilla also said Marchionne should be named chief executive and "spend a substantial amount of time in Detroit."
The state transport department recently announced to give permit to 3,000 new taxis.
Ailing auto maker Chrysler is preparing to file for bankruptcy protection as early as next week, irrespective of whether the company reaches a deal with its lenders or forges an alliance with Italian entity Fiat SpA, says a media report.
Despite the romance around the car and its early models, Fiat in India will also be remembered as a brand that frittered away the first mover advantage, says Shally Seth Mohile.
Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency.
The prices will be announced by mid-2016 during the official launch.
It's like Fiat India has just added a supercharger to its India strategy, after a long lull. The Italian carmaker plans to introduce nine products by 2016 in India. And it includes models from Jeep and rally car brand Abarth.
The carmaker wants to enter the fast-growing SUV segment in the country. The off-road pick-ups and luxury SUVs will be the first vehicles from the Chrysler, owned by Fiat, stable to be launched in India.
While the slowdown in the domestic economy and a ban on mining has sharply impacted the demand for medium and heavy commercial vehicles, sales of LCVs rose 15.61 per cent to 378,509 units between April and December, driven by need for products for last mile transportation.
The top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
Ferrari could lead other Formula One teams into an alternative championship if the sport becomes too much like the US-based NASCAR series.
The 5-seater Compass is set to take on Hyundai Creta, Mahindra XUV500, Renault Duster, Toyota Innova and Tata Hexa.
The company has finalised a plan to roll out nine new models by 2016, some of which would be shipped from India to right-hand-drive markets abroad.
The Italian car giant surprised the recession-hit global auto industry with an announcement that it is bidding to take over the GM's struggling Opel brand to consolidate its global base. Though Fiat entered India almost six decades ago, it is facing rough competition from car manufacturers from Japan and South Korea. It tied up with Tata Motors for building a manufacturing plant near Pune to increase its supply capacity in 2007.
Ferrari have parted company with chief designer Nikolas Tombazis and engineering director Pat Fry, two of the men responsible for designing this year's car as the team endured their first season without a win since 1993.
French carmaker Citroen will launch its C3 Aircross Sport Utility Vehicle (SUV) in India by October, and is betting big on exports from India to markets like South Africa, ASEAN (Association of Southeast Asian Nations) and Nepal, a top company executive told Business Standard. Citroen, which sold 6,000 units through Citron C3 and C5 Aircross SUV, is likely to double its sales during the current year, as it has already sold 6,000 units of Citron C3 and eC3 electric vehicles during the first six months. "We are going to start bookings for the C3 Aircross SUV in September and launch it in October. Price will be at the heart of the midsize SUV market," said Saurabh Vatsa, Citroen India branch head.
20 CEOs are from the companies based in US.
Maserati, whose logo is modelled on the trident in the statue of Neptune in Bologna's Piazza Maggiore, was acquired by the Fiat Group in 2005.
Mahindra & Mahindra on Friday said a judge of the US International Trade Commission has found that its off-road vehicle Roxor violated Fiat Chrysler Automobile's (FCA) Jeep 'trade dress' and recommended an exclusion order prohibiting import and sale of any already imported parts of the vehicle.
GM has invested $1 billion in the country since 1996.
According to a White House pool report, Trump referred to Nooyi as one of the "most powerful" women in the world.
The iconic brand is considering petrol powertrains for its entire Indian portfolio, which includes the Jeep Compass, Meridian, Grand Cherokee and Wrangler.
Trump said in his remarks at the unveiling of the Boeing 787 Dreamliner Aircraft.
Marchionne writes off Ferrari's season of failure
