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GM sues Fiat Chrysler for bribing labour union
News
24th Nov 2019
2 min read

GM sues Fiat Chrysler for bribing labour union

General Motors (GM) has filed a lawsuit against Fiat Chrysler (FCA), claiming the rival's bribery of officials from the United Auto Workers (UAW) union caused it serious financial damage. GM alleges FCA instigated a “multi-year pattern of corruption” to “undermine the integrity of the collective bargaining process and cause GM substantial damages".
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Derek Fung
Fiat Chrysler in merger talks with Peugeot - report
News
29th Oct 2019
2 min read

Fiat Chrysler in merger talks with Peugeot - report

There are reportedly high-level talks regarding a merger of Fiat Chrysler (FCA) and the PSA Group, which could create a new automaker valued at around US$50 billion ($73 billion). Sources have told the Wall Street Journal the two parties are discussing an all-share transaction. Should such a deal occur, PSA CEO Carlos Tavares would lead the newly merged automaker, while John Elkann, and head of the Agnelli family which holds a controlling stake in FCA, would become its chairman.
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Derek Fung
Renault could reduce Nissan stake to revive Fiat Chrysler merger - report
News
4th Aug 2019
1 min read

Renault could reduce Nissan stake to revive Fiat Chrysler merger - report

Renault and Nissan are reportedly in talks to rebalance their alliance with the aim of restarting Renault's proposed merger with Fiat Chrysler (FCA). Sources have told The Wall Street Journal about the discussions, which centre around plans to reduce Renault's 43.4 per cent shareholding in Nissan. Any reduction in Renault's Nissan stake would require the approval of the French government, which holds a 15 per cent share and supersized voting rights in the French automaker.
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Derek Fung
2020 Dodge Charger Widebody unveiled
News
27th Jun 2019
2 min read

2020 Dodge Charger Widebody unveiled

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Derek Fung
News
27th Jun 2019
2 min read

2020 Dodge Charger Widebody unveiled

Dodge Charger 2019
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Derek Fung
Japanese government may have helped to kill Renault, Fiat Chrysler merger - report
News
24th Jun 2019
1 min read

Japanese government may have helped to kill Renault, Fiat Chrysler merger - report

Japanese worries about the proposed merger's effects on the 20-year old Renault and Nissan alliance may have scuppered the proposed US$35 billion ($51 billion) merger between Renault and Fiat Chrysler (FCA). Sources have told Bloomberg Japanese officials informed their French counterparts about fears the proposed Fiat Chrysler and Renault merger could harm Nissan.
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Derek Fung
FCA withdraws Renault merger proposal
News
6th Jun 2019
2 min read

FCA withdraws Renault merger proposal

Fiat Chrysler Automobiles (FCA) has announced it's withdrawing its proposal to merge with Groupe Renault, in a press release issued this morning. "The Board of Fiat Chrysler Automobiles N.V., meeting this evening under the Chairmanship of John Elkann, has resolved to withdraw with immediate effect its merger proposal made to Groupe Renault," the statement said.
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James Wong