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January 15, 2020 FCA has launched a new Dealer Diversity site designed to support and expand the number of dealerships owned and operated by minorities and women. The goal of the www.MinorityDealers.com website is to increase awareness of FCA Dealer Network Diversity initiatives, attract qualified minority dealer candidates and launch FCA’s Women Dealers Retail Focus.
January 7, 2020 Fiat Chrysler Automobiles N.V. (FCA) today announced Simon Sproule as its Chief Communications Officer. In addition, Sproule was named Head of North America Communications. The appointment is effective February 3, 2020.
January 2, 2020 FCA today announced that it will join a partnership formed between Plug and Play, the largest global innovation platform for startups and corporations, and the Michigan Minority Supplier Development Council (MMSDC) to bring a new innovation hub to Detroit by June 2020.
December 20, 2019 Fiat Chrysler Automobiles N.V. (MTA: FCA / NYSE: FCAU, “FCA”) today announced that it has entered into an agreement with Tupy S.A. for the sale of FCA’s global cast iron automotive components business, which is operated through FCA’s subsidiary Teksid S.p.A. (“Teksid”).
December 18, 2019 Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) and Peugeot S.A. (“Groupe PSA”) have today signed a binding Combination Agreement providing for a 50/50 merger of their businesses to create the 4th largest global automotive OEM by volume and 3rd largest by revenue. The proposed combination will be an industry leader with the management, capabilities, resources and scale to successfully capitalize on the opportunities presented by the new era in sustainable mobility.
December 17, 2019 FCA has completed the transfer of $900,000 to the City of Detroit’s Housing & Revitalization Department (HRD) — the first tranche of a $1.8 million commitment — to fund a home repair grant program for homeowners on the City’s east side. The program, one component of the Community Benefits Agreement FCA signed in May, provides eligible homeowners living near FCA’s new assembly plant on Mack Avenue with grants of up to $15,000 per property to invest in home repairs.
December 13, 2019 FCA today raised a Christmas tree to “top off” the new paint shop being built as part of a $1.6 billion investment to construct a new assembly plant on Detroit’s eastside. While most recognize the evergreen tree as a classic symbol of the holiday season, for the ironworkers who spent the past four months assembling 6,500 tons of structural steel, it means something very different.
December 12, 2019 FCA is leveraging its technological, engineering and management talent by establishing a streamlined product development organization with central leadership and a global footprint.
December 11, 2019 FCA confirmed today that its UAW-represented workforce has ratified a new four-year collective bargaining agreement that builds on the Company’s commitment to grow its U.S. manufacturing operations by providing for total investments of $9 billion and the creation of 7,900 new or secured jobs.
December 10, 2019 FCA today announced that it has joined the Responsible Sourcing Blockchain Network (RSBN), an industry collaboration using blockchain technology to support sustainable, responsible sourcing and production practices from mine to market.
November 30, 2019 FCA confirms that the Company and the UAW have reached a tentative agreement on a new four-year contract. Further details will be provided at a later date.
November 20, 2019 Fiat Chrysler Automobiles (“FCA” NYSE: FCAU /MTA: FCA) confirms that it will defend itself vigorously against the lawsuit filed yesterday by General Motors. FCA believes General Motors’ claims are nothing more than a meritless attempt to divert attention from that company’s own challenges. This astonishing ploy comes at a time when FCA is proving itself to be an ever more formidable competitor that continues to create significant value for all its stakeholders through the successful implementation of its long-term strategy. This includes the proposed merger with PSA, which itself completed the successful turnaround of the European businesses it acquired not long ago from General Motors. FCA will deal with this extraordinary attempt at distraction through the appropriate channels and will stay focused on continuing to deliver record results while realizing an exciting vision for the future of the industry. FCA is confident that it will prevail in defending itself against these claims in court and will also pursue all available remedies in response to this groundless lawsuit.
November 20, 2019 We are astonished by this filing, both its content and its timing. We can only assume this was intended to disrupt our proposed merger with PSA as well as our ongoing negotiations with the UAW. We intend to vigorously defend against this meritless lawsuit and pursue all legal remedies in response to it.
November 15, 2019 FCA welcomes the opportunity to move our discussions with the UAW forward in order to reach an agreement that will allow us to continue investing in our future and create opportunities for our employees, their families and the communities where we live and work.
November 14, 2019 Today, the FCA Foundation, the charitable arm of Fiat Chrysler Automobiles, announced the recipients of its 2019 educational grants (totaling $1,650,000). The grantees, all of whom are focused on improving educational outcomes for Detroit-area students, provide a wide array of in-classroom, after school, summer and weekend programming.
November 1, 2019 Located on the east side of Detroit, the new assembly plant reflects the Company’s commitment to bringing 4,950 new jobs to the city, as well as building an assembly plant with the lowest VOC emissions rate in the United States, ensuring that it is a good neighbor to the community.
October 31, 2019 Discussions have opened a path to the creation of a new group with global scale and resources owned 50 percent by Groupe PSA shareholders and 50 percent by FCA shareholders. In a rapidly changing environment, with new challenges in connected, electrified, shared and autonomous mobility, the combined entity would leverage its strong global R&D footprint and ecosystem to foster innovation and meet these challenges with speed and capital efficiency.
October 30, 2019 Following recent reports on a possible business combination between Groupe PSA and FCA Group, Fiat Chrysler Automobiles N.V. (“FCA”, NYSE: FCAU /MTA: FCA), confirms there are ongoing discussions aimed at creating one of the world‘s leading mobility Groups. FCA has nothing further to add at this time.
October 18, 2019 The FCA Sterling Heights Assembly Plant has been awarded bronze status for its efforts in implementing World Class Manufacturing (WCM), the Company’s manufacturing methodology. It becomes the 24th North American facility to reach the milestone award.
October 11, 2019 FCA US LLC, in honor and support of its LGBTQ employees, communities and issues, will light the large Pentastar on top of its 15-story headquarters tower purple Oct. 11-17 in observance of National Coming Out Day and National Spirit Day.
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