by Michael Strong | May 8, 2014
Despite the persistent efforts of two U.S. Senators, the federal government will not force General Motors to issue a “park-it-now” order for the 2.6 million small cars subject to recall for faulty ignition switches. “Such an action is not necessary at this...
by Paul A. Eisenstein | May 7, 2014
It beat its own optimistic sales forecast, but battery-electric automaker Tesla Motors nonetheless dropped $50 million, or 40 cents per share, into the red for the first quarter of 2014. But after excluding special one-time items, the Silicon Valley-based start-up...
by Michael Strong | May 7, 2014
While California is generally seen as the land of “green” experiments, the state is putting its money where its mouth is with the installation of dozens of new hydrogen fueling stations across the state. The California Energy Commission is investing $46.6...
by Joseph Szczesny | May 7, 2014
General Motors needed some good news and it’s getting some from one of its traditional strongholds. Sales of the maker’s recently redesigned full-size sport-utility vehicles, the Chevrolet Tahoe and Suburban and the GMC Yukon, Yukon Denali, Yukon XL and Yukon XL...
by Paul A. Eisenstein | May 7, 2014
It’s been a frustratingly long wait for fans of Italy’s Alfa Romeo, two decades of hints and promises that the brand was finally heading back to the U.S. market followed by repeated delays – Alfa only showing off its new 4C sports car at last month’s New York Auto...
by Paul A. Eisenstein | May 7, 2014
Confirming longstanding rumors, Fiat Chrysler Automobiles says it will end production of the Dodge Grand Caravan in 2016 as part of a broad product and brand realignment that will leave the U.S. side of the automaker with only the Chrysler Town & Country in its...
by Paul A. Eisenstein | May 7, 2014
The newly merged Fiat Chrysler Automobiles expects to achieve significantly better growth than the rest of the auto industry, company officials said Tuesday as they laid out the carmaker’s five-year global strategy. The Euro-American company expects to see global...
by Joseph Szczesny | May 6, 2014
FCA reported a 12% increase in revenue in the first quarter of 2014 as it reported a trading profit of $800 million on revenue totaling $29.2 billion. The automaker, however, reported a net loss of $400 million after special items, involving the buyout of the UAW...
by Joseph Szczesny | May 6, 2014
Fiat Chrysler Automobiles has grown faster than its rivals in North America and plans to expand sales by more than 48% during the next five years as its key brands continue to reach more consumers in U.S., Canada and Mexico. FCA is betting that the NAFTA region will...
by Joseph Szczesny | May 6, 2014
Fiat Chrysler Automobiles plans to limit production of new Ferraris over the five years even as it brings on new models and despite growing demand in emerging markets. FCA Chief Executive Officer Sergio Marchionne told investors and analysts during a meeting at...
by Paul A. Eisenstein | May 6, 2014
With a veiled reference to the disastrous, failed alliance that nearly destroyed Chrysler during the recent recession, CEO Sergio Marchionne and his management team laid out a broad and ambitious plan for the U.S. maker and its Italian partner, Fiat, that will see the...
by Michael Strong | May 6, 2014
The recall parade continues from General Motors as it is now recalling 56,214 Saturn Auras from the 2007-2008 model years in the U.S. The automaker has recalled nearly 5 million vehicles since Jan. 31. The Auras problems stem from a shift cable that could wear out...
