It was one of those make or break moments. A company teetering on the financial verge which threw a Hail Mary at the right time — and at the right target. The company in question was Chrysler, and the Hail Mary was the K-car platform.
Today we ask you: What was peak K?
With his passing, the auto industry returns to being a sea of suits. Sergio Marchionne, the outspoken, sweater-wearing former CEO of Fiat Chrysler Automobiles and newly spun-off Ferrari, has died following complications from a recent surgery. The Italian-Canadian industry titan was 66.
Marchionne had been expected to retire from FCA in the spring of 2019, but his rapidly failing health saw the boards of FCA and Ferrari assemble on Saturday to choose successors and issue notes of condolences. Jeep and Ram brand boss Mike Manley took the helm of FCA by day’s end. Late Tuesday, an Italian newspaper claimed Marchionne suffered an embolism following a high-risk cancer surgery, falling into a unrecoverable coma.
How does one remember such a colorful figure? With cars and quips. (Read More…)
A man in the running to replace Sergio Marchionne after his planned 2019 retirement has left the company, just two days after Jeep and Ram boss Mike Manley took over the CEO position from a seriously ill Marchionne.
The departure of Alfredo Altavilla, who headed up Fiat Chrysler’s Europe, Middle East, and Africa region, leaves the unexpectedly promoted Manley with another file on his plate. (Read More…)
While the automaker hasn’t made anything official, sources tell Automotive News Europe that Jeep and Ram brand boss Mike Manley is Fiat Chrysler’s chosen successor to the ailing Sergio Marchionne.
The report follows this morning’s news that Marchionne has experienced complications from shoulder surgery, and that the boards of FCA, Ferrari, and CNH Industrial have reportedly assembled to replace him as CEO by end of day Saturday.
Update: Fiat Chrysler has confirmed the change via a press release. Mike Manley has been named CEO by the board of directors, and the board will propose that he be elected to the board and executive director of the company at a forthcoming shareholder meeting. The board has granted Manley the full powers of CEO in the interim. — Managing Ed.
Several news agencies are reporting that Sergio Marchionne, the colorful chief executive who returned Fiat, and then a combined Fiat Chrysler, to profitability, might not end the day as CEO.
Marchionne, who took the helm of Fiat in 2004, was due to retire next April, and recently unveiled the automaker’s upcoming five-year product plan. Two sources told Reuters that Marchionne suffered “massive” complications from a recent shoulder surgery. According to those sources, the boards of Fiat Chrysler, Ferrari, and CNH Industrial are all meeting Saturday to name a successor. (Read More…)
If you went to bed last night worried that Dodge doesn’t field enough Challenger variants to satisfy your diverse driving whims, rest easy tonight. The Challenger, which harbors more personas than David Bowie, wants you to go to the dragstrip again.
For 2019, the Challenger R/T Scat Pack gives birth to a new offering that, while borrowing much of the defunct SRT Demon’s launch-assist hardware, rejects its hellish dragster predecessor’s supercharged 6.2-liter in favor of 6.4 liters of naturally aspirated grunt. (Read More…)
The shadowy future Jeep model that probably should have been in production by now continues to entice fans of the original Grand Wagoneer. It’s expected that the largest of all Jeeps will arrive not too imminently, using the 2019 Ram 1500’s frame as a backbone.
There’ll be size and luxury in spades (the thing might top out above $100k), but until now we hadn’t heard anything about power. It’s now possible that we’ll see a Trackhawk variant that uses the upgraded 6.2-liter supercharged V8 found in Dodge’s refreshed 2019 Challenger Hellcat. Possible, but perhaps not probable. (Read More…)
Today’s QOTD idea came about back in the latter half of May, when Matthew Guy pondered the exact opposite of this question. He is very old, and so in his malaise birth year of 1980 Guy pegged BMW’s 6 Series as the best looking car available.
This week, we move things to a more negative light. What was the worst looking car from the year you were born?
For two brands steeped in Americana, Chrysler and Dodge sure seem to love Canada. Two Ontario plants continue cranking out Grand Caravans, Challengers, Chargers, 300s, and Pacificas, even as the 9,600-strong workforce in Windsor and Brampton grow leery of the future.
It’s not just the complete lack of interest Fiat Chrysler displayed in those particular brands during last month’s five-year plan unveiling; it’s also the threat of import tariffs on foreign-made vehicles that could very well sink across-the-border manufacturing.
Nah, it’s all good, says Jerry Diaz, president of the union representing Detroit Three autoworkers in the Great White North. (Read More…)
Last week’s report in the Asia Times, citing unnamed sources, laid the foundation of a rumor that Hyundai has its eyes on Fiat Chrysler as a potential takeover target. FCA CEO Sergio Marchionne’s history of attempting courtships with other major automakers only served to bolster the idea. If General Motors and Volkswagen seemed so attractive, why not Hyundai?
Forget about it, claims a Hyundai spokesman. (Read More…)
Without a functional plan, each episode of the A-Team would have ended with four funerals. For Fiat Chrysler, however, the solution to its problem doesn’t involve welding armor plating to a series of scrapyard vehicles while the guy from Breakfast at Tiffany’s lays down covering fire with a Ruger Mini-14.
FCA’s main concern involves the current occupant of the White House, and what his proclamations could mean for the automaker’s bottom line. A 25-percent tariff on imported vehicles could erase nearly a billion dollars in profit each year.
Don’t worry — FCA’s working on a plan. (Read More…)
Fiat Chrysler Automobiles won’t comment on a report claiming Hyundai Motor Group plans to launch a bid for the automaker, but that’s what sources with knowledge of the matter tell the Asia Times.
The sources claim HMG CEO Chung Mong-koo is biding his time, waiting for FCA’s stock to fall before moving forward on the potential takeover. Reportedly, Hyundai could launch the bid within months. (Read More…)
While Fiat Chrysler may share its bed with the Italians and has factories all over the planet, it maintains several of the most unapologetically American brands in existence. It’s difficult to imagine someone purchasing Ram or Jeep products without having a soft spot for the United States and it’s flat-out impossible to envision a Dodge owner who doesn’t have a glovebox full of American flags and a handgun.
Whether or not that represents reality (it doesn’t) is irrelevant, because purchasing these brands means buying into that image to some degree — unless you bought a Dodge Journey.
A large part of the American experience, at least historically, is excess. In the car world that means size, which is everything. Bigger cars, bigger engines, bigger numbers, bigger noises. While most domestic manufacturers followed this recipe fairly closely over the last 10 years, Dodge seems obsessed with it. The company keeping the muscle car legacy alive and continues attempting to raise the bar beyond what seems sane. It’s absolutely wonderful. (Read More…)
Jeeps smallest U.S. offering stands to be hit hard by proposed import tariffs, according to calculations from an investment advisory firm, and the volume of vehicles Fiat Chrysler brings in from outside U.S. borders would see the automaker take it on the chin.
With the Trump administration mulling a range of tariffs, the firm tabulated just how much the import duties could cost FCA. If the tariffs come to pass, expect to see fewer Jeep Renegades on your local dealer lot. (Read More…)
In 1985, the Coca-Cola Company replaced the original formula of its flagship soft drink and called the beverage “New Coke.” The new label was tucked into the corner, as this was to become the brand’s staple flavor. But the soda company knew better than to gamble its business on an unproven taste, so it retained the old formula and bottled it as “Coca-Cola Classic.” The end result was more sales and a safety net for those unwilling to steer their taste buds into adventure.
Fiat Chrysler Automobiles is doing the same thing with the Ram brand. The full-size 1500 pickup truck was replaced for the 2019 model year. However, FCA wanted to keep both the fourth and fifth generations of the half-ton hauler on the books.
Since Ram can’t call them both the 1500 and hope people recognize the difference, it’s appending the older model with the Classic nameplate. The brand will offer both the 2019 Ram 1500 Classic, known internally as the DS model, and the all-new 2019 Ram 1500, marked as the DT, at all North American dealers through the 2018 calendar year. (Read More…)
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