Fiat Chrysler

Fiat Chrysler says political conditions in France caused it to withdraw its offer to merge with French automaker Renault.

The company says its board made the decision at a meeting Wednesday evening. An FCA statement says it has become clear that the political conditions don't currently exist for the deal to proceed successfully.

French automaker Renault's board will meet Tuesday to consider a merger offer from Fiat Chrysler.

It would create the largest automaker in the world based on sales, but that's only if Renault's current partner, Nissan, stays in.

Fiat Chrysler proposed on Monday to merge with France's Renault to create the world's third-biggest automaker and combine their investments in the race to make new electric and autonomous vehicles.

The merged company would reshape the global industry: it would make some 8.7 million vehicles a year, leapfrogging General Motors and trailing only Volkswagen and Toyota.

Shares of both companies jumped over 10% on the news of the offer, which would see each side's shareholders split ownership in the new manufacturer.

The Detroit City Council green-lighted a deal with Fiat Chrysler Tuesday that should bring around 5,000 new jobs to the city, and represents the largest investment in auto manufacturing within Detroit city limits in decades.

The city of Detroit and Fiat Chrysler officially have a deal for a $2.5 billion investment in facilities on the city’s east side—including its first new auto assembly plant in more than three decades.

Fiat Chrysler says it will expand its Jefferson North plant, and revive and expand the defunct Mack Avenue Assembly facility. The company says that should create nearly 5,000 new jobs.

A 60 day deadline to pull together a major deal between the city of Detroit and Fiat Chrysler has come and gone, but city leaders insist it will still get done.

Fiat Chrysler wants to invest more than two billion dollars to expand two plants, including one that's currently defunct, on Detroit’s east side. The automaker says the project will bring about 5,000 jobs. It will be the city's first new automotive production facility since the 1980s.

The city of Detroit is racing toward a Saturday deadline to finalize a deal that would bring a major Fiat Chrysler investment to the city.

Fiat Chrysler wants to invest $2.5 billion to expand and update its Jefferson North Assembly plant, and revive its idled Mack Avenue Engine facility.

Former United Auto Workers Vice President Norwood Jewell has pleaded guilty to violating federal labor law by misusing money meant for a worker training center.

The government says Jewell was part of a wide-ranging, years-long conspiracy between Fiat-Chrysler and UAW officials to siphon funds from the automaker-supported training center. 

Fiat Chrysler has announced it is laying off almost 1,400 hourly workers at an assembly plant in Belvidere, Illinois, that makes Jeep Cherokees - a move the automaker said is unrelated to a major investment in the Detroit area that could add 6,500 workers.

Detroit got some very good news on Tuesday.

Fiat Chrysler says it plans to build a new assembly plant in Detroit, invest in five other Michigan plants, and hire 6,500 additional workers.

Michelle Krebs is an analyst with Autotrader. 

"Detroit hasn't seen a new assembly plant in a long time, decades," says Krebs, "so this is absolutely fabulous news for Detroit, for Michigan and for Fiat Chrysler and Jeep."

Fiat Chrysler says the nearly $4.5 billion expansion will help it meet growing demand for Jeep SUVs and RAM trucks. 

Fiat-Chrysler's  former human resources director has pleaded guilty to lying to a federal grand jury to cover up a conspiracy to pay off top UAW officials.

Michael Brown, 60, entered his guilty plea Friday.

Brown was Fiat-Chrysler’s senior negotiator during collective bargaining talks with UAW-Chrysler in 2011 and 2015.

Fiat Chrysler Automobiles recalled 4.8 million vehicles this morning due to issues with cruise control. In 15 models, there is a potential for drivers to be unable to cancel cruise control when an electrical short-circuit occurs at the same time cruise control is accelerated. 

If this occurs, there is a potential for the driver to lose control of the vehicle. However, the function can be overpowered if the driver continuously applies the brakes, or shifts the car into neutral and brings it to a halt. 

Fiat Chrysler announced an agreement on Monday to supply thousands of Chrysler Pacifica Hybrid minivans to Waymo, Google’s self-driving subsidiary, to expand its fleet of autonomous vehicles.

Waymo currently has 600 Pacifica minivans in its fleet, some of which are used in its Early Rider Program in Phoenix. FCA delivered 100 Pacifica Hybrid minivans during the second half of 2016 and an additional 500 in 2017. The minivans are plug-in hybrid variants with Waymo’s self-driving software and hardware built-in.

Three union workers at Fiat Chrysler are suing the automaker and the United Auto Workers over a bribery scheme.

They're seeking class-action status to represent all FCA hourly workers.

Federal prosecutors say Fiat Chrysler negotiators bribed UAW negotiators in order to get contract concessions and other benefits. So far, one former FCA official, Alphons Iacobelli, and one former UAW official, Virdell King, have pled guilty in the conspiracy. More indictments are expected.

Fiat Chrysler CEO Sergio Marchionne says he'll step down next year after leading the combined company since 2009.

Marchionne, 65, told media at the Detroit auto show that FCA will release a business plan through 2022 around June. The company will announce his successor sometime after that. Candidates include Mike Manley, who leads the company's Ram and Jeep brands, and Reid Bigland, who leads the Alfa Romeo and Maserati brands and U.S. sales. 

Fiat Chrysler has announced it will shift production of heavy-duty Ram trucks from Mexico to metro Detroit by 2020.

Fiat Chrysler says the move will bring Ram production to the Warren Truck Assembly Plant, along with a $1 billion investment and 2,500 new jobs. There will also be a $1.5 billion investment in the Sterling Heights Assembly Plant to build the next-generation Ram 1500 truck, creating an additional 700 new jobs.

The automaker also announced it will give one-time, $2,000 bonuses to its U.S. employees.

A former Fiat Chrysler financial analyst, who federal prosecutors say helped illegally funnel worker training funds into the bank accounts of Fiat-Chrysler and UAW employees  over a number of years,  has pleaded guilty.

Jerome Durden entered pleas on Tuesday in the U.S. District Court in Ann Arbor to charges of conspiracy to defraud the U.S. as well as  failure to file a tax return. As part of a plea agreement, he faces up to 37 months in prison. Sentencing is scheduled for Dec. 12.