Chrysler Renames Itself as FCA US
U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles (FCA), reported Reuters. Italian automaker Fiat SpA took management control of Chrysler in 2009 after the American company emerged from government-sponsored bankruptcy. Earlier this year Fiat completed ... Read More »
U.S. automaker Chrysler Group LLC said it had changed its name to FCA US LLC effective immediately to follow the naming convention of its parent Fiat Chrysler Automobiles (FCA), reported Reuters.
Italian automaker Fiat SpA took management control of Chrysler in 2009 after the American company emerged from government-sponsored bankruptcy.
Earlier this year Fiat completed its purchase of all outstanding Chrysler shares, and listed the company on the New York Stock Exchange in October.
Chrysler said the change of name does not affect the company’s headquarters in Auburn Hills, Michigan, its holdings, management team, board or brands.
FCA US employs more than 77,000 employees globally, and operates 36 manufacturing facilities, including 23 in the United States, six in Canada and seven in Mexico.
The company has projected a 60 percent growth in sales to 7 million vehicles and a fivefold increase in net profit to as much as $6.9 billion by 2018.
More Industry
Pennsylvania Dealership Under New Retailers
The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.
Read More →
Battery Storage Takes Priority Over EVs
U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.
Read More →
Auto Dealers Feel Better But Not Great
A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.
Read More →
New-Vehicle Sales Picture Relative
A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.
Read More →
Auto Group Acquires Third Nissan Rooftop
Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.
Read More →
April Less Affordable
Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.
Read More →
Building an Extraordinary F&I Agency
Work to determine your specialized talent, because that fact will determine everything about your agency’s future.
Read More →
Recipe for Compliance
The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.
Read More →
EVs Getting More Attractive
A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.
Read More →
EV Sales Drop in April Following Surge
North American electric-vehicle sales were down 28% year-over-year, a sharp contrast from global EV sales growth of 6%.
Read More →