Fiat Chrysler

U.S. automakers are seeing a ripple effect of production line slow-downs and shut-downs due to the ongoing computer chip shortage.

Autotrader Senior Analyst Michelle Krebs says a major reason for the shortage is because automakers canceled orders when the pandemic began last year, as production lines were shut down initially.

She says the companies did not expect demand for vehicles to surge back so quickly.

Now, they're at the back of the line, as chip suppliers fill orders for other high-demand goods, like i-Phones, laptops, and video games.

Fiat Chrysler officials have pleaded guilty for the company’s role in a corruption scandal.

The automaker says it did make more than $3 million in bribery payments to United Auto Workers union leaders.

The deal, reached in U.S. District Court, will require the company to pay a $30 million fine.

Fiat Chrysler has agreed to plead guilty to conspiring to violate the federal Labor Management Relations Act, also known as the Taft-Hartley Act, and pay a $30 million fine, for bribing United Auto Workers officials.

The company has also agreed to the appointment of a compliance monitor for three years.

An iconic Detroit automaker is merging with another European auto company.

Shareholders of Fiat Chrysler and PSA Peugeot decisively voted Monday to merge the U.S.-Italian and French carmakers. The deal has been in the works for more than a year.

The state's Air Quality Division has told Fiat Chrysler that its plans related to permits for its new assembly plant in east Detroit "fall short of expectations."

In a letter to a company official on January 24, AQD Director Mary Ann Dolehanty asked Fiat Chrysler to provide more information about its outreach efforts to people who live near the proposed site.

General Motors has filed an unprecedented federal racketeering lawsuit against its crosstown Detroit rival, Fiat Chrysler.

Update: October 31, 2019 The boards of Fiat Chrysler and PSA Peugeot have approved merging the two companies in a move that would create the world's fourth-largest automaker. The companies have combined revenues of more than $188 billion. The 50-50 merger is expected to happen without any factory closures. 

Fiat-Chrysler is expanding operations—and bringing jobs—to the east side of Detroit.

But it’s also expected to bring more pollution. And some residents, along with two Detroit lawmakers, want more guaranteed protections.

Former United Auto Workers Vice President Norwood Jewell has been sentenced to 15 months in prison as part of a far-reaching corruption scheme that involved siphoning money from a joint UAW-Fiat-Chrysler worker training center.

Jewell pleaded guilty in April to violating federal labor law when he used his training center credit card to pay for union expenses, including trips to California golf resorts, steakhouse dinners and parties.

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.