chrysler-automobiles

China posts worst export fall since 2009 as fears of U.S. trade war loom

By Elias Glenn and Sue-Lin Wong BEIJING (Reuters) – China's massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand…

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China posts worst export fall since 2009 as fears of U.S. trade war loom

chrysler-automobiles

Diesel cheating inquiries widen to Renault and Fiat

By Gilles Guillaume, Simon Carraud and Agnieszka Flak PARIS/MILAN (Reuters) – European carmakers were drawn into widening investigations into diesel emissions cheating on Friday, with French prosecutors examining Renault and British authorities seeking answers from Fiat Chrysler Automobiles NV. Volkswagen's admission that some of its diesel vehicles were fitted with devices which hid their true level of emissions has sparked a global regulatory push to

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Diesel cheating inquiries widen to Renault and Fiat

chrysler-automobiles

FCA to invest $1 billion in U.S. plants, make Jeep pickup truck

Fiat Chrysler Automobiles said on Sunday that it would invest $1 billion to retool and modernize two plants in the U.S. Midwest, including one that would be able to make the Ram heavy-duty pickup truck currently produced in Mexico. The company also said it planned to add three new Jeep models, including a pickup truck, to its product

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FCA to invest $1 billion in U.S. plants, make Jeep pickup truck

chrysler-automobiles

Hershey Trust reaches in-principle reform agreement

It could also offer the clarity needed for Mondelez International Inc to make a new approach to acquire Hershey. The $12 billion trust, set up by company founder Milton Hershey over a century ago to fund and run a school for underprivileged children, must approve any sale of the company. It rejected a $23 billion cash-and-stock offer for Hershey by Mondelez, the maker of Oreo and Cadbury chocolate, last month.

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Hershey Trust reaches in-principle reform agreement

chrysler-automobiles

Fiat Chrysler recalling 410,000 vehicles

Fiat Chrysler Automobiles NV said on Friday it is recalling nearly 410,000 vehicles worldwide because of a defect that can lead to a loss of propulsion. The automaker said it will update software and replace wire harnesses to address the electronic issue that appears in a small number of vehicles. The recall includes 2015 model Chrysler 200 midsize sedans, Ram

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Fiat Chrysler recalling 410,000 vehicles

chrysler-automobiles

Glencore sells agri unit stake for $2.5 billion to Canadian pension fund

Commodity miner and trader Glencore has agreed to sell 40 percent of its agricultural unit to Canada's state pension fund for $2.5 billion, the company's latest step to cut debt and soothe investor concerns about the impact of weak commodity prices. The sale values the agricultural unit as a whole at close to the initially expected $10 billion, including $0.6 billion in debt and $2.5 billion in inventories, and comes after Glencore…

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Glencore sells agri unit stake for $2.5 billion to Canadian pension fund

chrysler-automobiles

Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift

Fiat Chrysler Automobiles said on Wednesday it is laying off about 1,300 workers indefinitely and ending one of the two shifts at its Sterling Heights, Michigan plant that makes the slow-selling midsize Chrysler 200 sedan. U.S. sales of the Chrysler 200 were down 63 percent in the first three months of this year from a year earlier, as FCA has de-emphasized sales of the model which had been often sold to rental agencies. The company did not

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Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift

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Chrysler to recall 60,000 SUVs in China over ABS braking issue: watchdog

SHANGHAI (Reuters) – Fiat Chrysler Automobiles NV's China unit will recall over 60,000 sport-utility vehicles in the country due to issues related to the cars' anti-skid braking (ABS) systems, a Chinese regulator said in a statement on Tuesday. China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said that under …

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Chrysler to recall 60,000 SUVs in China over ABS braking issue: watchdog