Chrysler

New car sales in Europe have dropped 74 per cent since January, the decline attributed to the COVID-19 pandemic. Just 292,180 new cars were sold across the 27 European member states – plus the United Kingdom, Ireland, Norway and Switzerland – in April 2020, according to data from the European Automobile Manufacturers Association. That’s a 74.8 per cent decrease (or 842,940 sales) against the 1,135,120 new car registrations recorded in January 2020.

Foxconn, the contract electronics manufacturer most closely associated with the Apple iPhone, has confirmed in a filing with authorities it is planning to start a car-making joint venture with Fiat Chrysler (FCA). In the documents discovered by Bloomberg, the two companies are looking to setup a 50/50 joint venture to manufacture electric vehicles. Initially, EVs made by this new pairing will be targeted at the Chinese market, but exports may be considered further down the track.

Fiat Chrysler (FCA) and the PSA Group have signed a definitive merger agreement. The two companies say they will, in time, generate two-thirds of its sales from just two platforms: one for compact cars, and one for compact and mid-size models. Each platform is expected to generate around three million sales per year globally.