Eric D. Lawrence Detroit Free Press Published 6:55 AM EDT Oct 21, 2018 The Ford F-150 is America’s best-selling vehicle. Jeep is Fiat Chrysler Automobile’s most important brand, accounting for a third of the company's sales. As F-150 is to Ford, is Jeep to FCA? As an analogy, it might not be perfect, but there is gas in that tank. Month after month, Ford’s F-150 is the big sales story for the Dearborn automaker. Even in a month where F-series truck sales dropped almost 10 percent compared with the same time a year ago, Mark LaNeve, Ford vice president of U.S. Marketing, Sales and Service, touted the strength of those sales numbers. “F-Series posted its seventh straight month of sales above the 70,000-truck mark in September. As part of that run, F-Series has exceeded sales of 80,000 trucks three times this year,” LaNeve said in a news release. But Jeep has an "upside potential" for FCA as a growing global brand, and its importance for the … [Read more...] about Fiat Chrysler counts on Jeep; can it be the company’s F-150?
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Marc Daalder Detroit Free Press Published 10:45 AM EDT Sep 28, 2018 For the fourth time this year and just two days after the last theft, Fiat Chrysler has been hit by thieves stealing cars from a plant or its adjacent third-party facilities. Early Friday morning, police responded to a shipping yard near FCA's Jefferson North Assembly Plant on the city's east side. They arrested two juveniles at the yard and have recovered a total of eight vehicles from the the theft. It is unclear what models were stolen or how they were taken. The theft is only the latest in a series of such incidents. On Wednesday, thieves made off with a Jeep Cherokee and three Dodge Chargers from the same facility after smashing through the fence with a fifth vehicle. More: Detroit automaker hit by thieves for 3rd time in 2018 F-150, Ram, Silverado: 'The best 3 trucks ever built' go to war In May, thieves spilled out of a Dodge Ram parked in front of Chrysler's plant in Warren and made off … [Read more...] about Thieves target Fiat Chrysler twice in 3 days
Nathan Bomey USA TODAY Published 8:39 p.m. UTC Sep 4, 2018 Americans continued to flock to crossovers, SUVs and pickup trucks in August, but they're abandoning passenger cars in droves. Forecasters at Edmunds.com and Cox Automotive predicted overall sales increases of 1.2 percent and 0.8 percent, respectively. The results showed that the auto industry remained relatively healthy as shoppers buy more profitable vehicles. Ford increase Ford surprised analysts with an overall sales increase of 4.1 percent from August 2017 despite abysmal sales of passenger cars, many of which the company is poised to discontinue altogether. The namesake Ford brand was up 4.2 percent, while the luxury Lincoln lineup increased 2.7 percent. The company's F-series pickup truck lineup, which qualifies as the bestselling vehicle in the U.S., rose 6.3 percent to 81,839 for the month. Overall, Ford's SUVs posed a 20.1 percent sales increase, while car sales declined 21.3 percent. More Ford: What … [Read more...] about Ford sales surprisingly rise in August; Jeep pushes Fiat Chrysler
Henry Payne The Detroit News Published 6:15 p.m. UTC Jul 25, 2018 Sergio Marchionne, 1952-2018 Sergio Marchionne, the former head of Fiat Chrysler Automobiles who died Wednesday at age 66, will be remembered as one of the auto industry's transformational figures. An automotive outsider groomed as an accountant and financial officer, Marchionne engineered the merger of Fiat and Chrysler in 2009. By the time he was replaced as CEO by Jeep chief Mike Manley in a hastily called board meeting Saturday, Marchionne had revived the fortunes of both companies as a growing, international conglomerate encompassing 10 brands under the corporate umbrella Fiat Chrysler Automobiles LLC. "His unbelievable turnaround left Fiat so much healthier than when he found it," says Jeremy Acevedo, manager of industry analysis for Edmunds. "He'll be remembered as one of the early 21st-century's great auto leaders along with Alan Mulally and … [Read more...] about Sergio Marchionne, former Fiat Chrysler CEO, has died
By Chester Dawson Chester Dawson The Wall Street Journal BiographyChester Dawson @decodethefirm Updated July 25, 2018 6:05 a.m. ET 17 COMMENTS Sergio Marchionne, who engineered a merger of the auto industry’s weakest companies—Fiat and Chrysler—and turned the combination into a cash-generating machine, died at the age of 66. Mr. Marchionne was treated at Zurich’s University Hospital for complications after undergoing what Fiat Chrysler Automobiles NV said was a surgical procedure on his right shoulder in July. The health issues forced the company to unexpectedly remove him as CEO on Saturday, speeding up a departure planned for early 2019 after a decade at the helm of the Italian-American auto maker. Exor SpA, the company that controls Fiat Chrysler, on Wednesday announced Mr. Marchionne’s death. While less known among the general public than predecessors such as Lee Iacocca, Mr. Marchionne was a star in the auto industry, and his death … [Read more...] about Sergio Marchionne, Who Melded Chrysler and Fiat, Dies at Age 66