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NEW YORK, United States (AFP) — Fiat Chrysler has agreed to a $515 million US settlement on charges it installed “defeat devices” on cars to evade emissions tests, the US Justice Department announced Thursday. The auto giant will recall and repair more than 100,000 diesel vehicles sold in the United States at a cost of about $185 million. The remaining funds will go to civil fines and mitigation payments to the United States and the […]
MILAN, Italy (AFP) — Fiat Chrysler’s visionary boss Sergio Marchionne has died, after driving the Italian auto giant to success for 14 years, holding company Exor announced Wednesday. “It is with the deepest sadness that EXOR has learned of the passing of Sergio Marchionne,” Exor, which is owned by the Agnelli family, said in a statement. Its CEO, John Elkann, said: “Unfortunately, what we feared has come to pass. Sergio Marchionne, man, and friend is […]
NEW YORK, United States (AFP) — Italian-American automaker Fiat Chrysler on Thursday unveiled a plan to invest $1 billion in a Michigan assembly plant and offer bonuses to tens of thousands of employees, saying the measures were possible because of US tax reform. The third-biggest US car maker said the investment would help it to modernize a plant in northern Michigan to “produce the next-generation Ram Heavy Duty truck,” shifting production of the vehicle to […]
WASHINGTON, United States (AFP) — Fiat Chrysler on Sunday announced it was creating 2,000 jobs in the United States, coming as President-elect Donald Trump has been publicly scolding automakers for investing in Mexico. The American-Italian firm will invest $1 billion by 2020 in two of its factories in the Midwestern states of Michigan and Ohio, where the new jobs will be based, the company said in a statement coming on the eve of the Detroit […]
