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2016-19 Maserati GranTurismo, GranCabrio recalled
News
26th Aug 2019
1 min read

2016-19 Maserati GranTurismo, GranCabrio recalled

Maserati Australia has issued a recall for the 2016-19 model-year GranTurismo and GranCabrio over concerns the airbags may not deploy in the event of an accident. According to the Italian marque, "the Electronic Control Unit (ECU) airbag system may be defective and not activate" due to a manufacturing fault. If the condition occurs, Maserati says there is an increased risk of injury to the vehicle's occupants.
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James Wong
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
Ram chief sues Fiat Chrysler for making him a 'scapegoat'
News
9th Jun 2019
2 min read

Ram chief sues Fiat Chrysler for making him a 'scapegoat'

According to his lawsuit, Reid Bigland, head of US sales for Fiat Chrysler (FCA) and chief of the Ram brand, says he has been cooperating with a Securities and Exchange Commission (SEC) investigation into the company's sales reporting practices, including allegations it had wrongfully inflated numbers.
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Derek Fung
Fiat Chrysler completes sale of Magneti Marelli parts division
News
3rd May 2019
1 min read

Fiat Chrysler completes sale of Magneti Marelli parts division

Fiat Chrysler (FCA) has completed the sale of it Magneti Marelli parts division to Calsonic Kansei for €5.8 billion ($9.2 billion) in cash. The sale price was adjusted down from the €6.2 billion ($9.8 billion) figure announced last year, as Magneti Marelli's financial position had changed. Magneti Marelli produces many automotive components, ranging for lights, powertrain parts, suspension gear and exhaust systems to motorsport pieces.
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Derek Fung
Fiat Chrysler turned down Peugeot's merger offer - report
News
24th Mar 2019
2 min read

Fiat Chrysler turned down Peugeot's merger offer - report

The PSA Group reportedly approached Fiat Chrysler (FCA) about a merger as early as this year's Detroit motor show in January, only to be rebuffed by the American-Italian company. Sources have told The Wall Street Journal the offer was rejected by FCA, and talks about a possible combination have not recommenced. According to the paper's sources, senior executives at FCA kiboshed the proposal as it would it lead to the automaker being even more reliant on the European market.
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Derek Fung