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Fiat Confirms Interest in U.S. Stock Listing
4/29/2013Fiat-Chrysler CEO Sergio Marchionne confirms he is leaning toward a primary stock listing in New York City for the two carmakers after they complete their merger, as was reported last week.
Chrysler’s Profit Plunges by Two-Thirds
4/29/2013Chrysler Group LLC, which is 58.5% owned by Fiat SpA, netted $166 million (€127 million) in the first quarter of 2013 compared with $473 million (€363 million) a year earlier.
Model Launches, Lower Shipments Slash Chrysler Profit 65%
4/29/2013Chrysler Group LLC netted $166 million in the January-March period of this year compared with $473 million a year earlier.
Chrysler to Boost Transmission Parts Capacity in Ohio
4/29/2013Chrysler Group LLC plans to invest $20 million to retool and expand its factory in Perrysburg, Ohio, to increase output of torque converters for the company's next-generation nine-speed transmission by early 2015.
Subaru to Replace Defective Floor Mats
4/29/2013Subaru of America Inc. is recalling 10,100 of its 2014 Forester wagons in the U.S. to replace improperly manufactured floor mats that could curl and interfere with the foot pedals.
China’s Yanfeng to Open Trim Plant in U.S.
4/29/2013Yanfeng USA Automotive Trim Systems Inc. plans to open a $45 million plant early next year near Kansas City, Mo.
Opel to Close All Operations in Bochum
4/29/2013General Motors Co.'s Opel unit said in March it would shutter its assembly plant in Bochum, Germany, next year.
Chinese Supplier to Open Trim Plant in Kansas City
4/29/2013Yanfeng USA Automotive Trim Systems Inc. plans to open a $45 million plant early next year near Kansas City, Mo.
Renault to Build Nissan Micra in France
4/28/2013Renault SA plans to begin producing next-generation Micra subcompact cars for alliance partner Nissan Motor Co. at a plant in Flins, France, in 2016.
V-8 Diesels for Cars Not Dead Yet
4/28/2013Not all carmakers are scrapping their V-8 automotive diesels in favor of less expensive 4- and 6-cylinder units, says Car and Driver.