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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...

Peugeot family ready to back further acquisitions

The PSA Group, which currently owns the Peugeot, Citroen, DS, Opel and Vauxhall brands, is open to acquiring a few more marques for its portfolio, and it has the backing of one of its biggest shareholders. At the recent Geneva motor show, Carlos Tavares, CEO of the PSA Group, said he would "love to [have discussions] with people who are looking for deals"...

Fiat Chrysler 'very open' to mergers, partnerships, joint ventures

Fiat Chrysler CEO Mike Manley has confirmed the carmaker is "very open" to working with other manufacturers in essentially any form, as he looks for "any deal that would make Fiat stronger". Speaking with Automotive News at the Geneva motor show, he confirmed he's "very open" to working with other car makers in any way, shape or form, and is amenable to "any deal that would make Fiat stronger"...

Sergio Marchionne voted 'World Car Person of the Year'

Sergio Marchionne has been voted '2018 World Car Person of the Year' by the World Car Awards jury, after his sudden passing in July last year. The award was voted on this week by more than 80 jurors from 24 countries, and was presented to Marchionne's replacement as Fiat Chrysler chairman and chief executive, Mike Manley...

Takata: Car companies call for rego ban on 1.3 million vehicles with faulty airbags

Car companies are calling for registration bans to be expanded to include the remaining 1.3 million vehicles equipped with dodgy Takata airbags – in addition to 12,000 currently under a compulsory recall – because tens of thousands of customers are refusing to have them fixed...

Fiat Chrysler to settle US diesel emissions cases for $1.1 billion

Fiat Chrysler Automobiles (FCA) will pay out roughly US$800 million ($1.1 billion) in fines, fixes and compensation to settle claims some of its diesel engines cheated their way past emissions regulations. The company had been accused of using an emissions-testing defeat device, like the one used employed by the Volkswagen Group in its Dieselgate engines, which could detect when a car was undergoing bench-testing and alter its operation to emit a legal quantity of pollutants...

Dodge Super Charger concept launches 746kW Hellephant V8 engine

The Dodge Super Charger concept is a heavily modified and restored 1968 Dodge Charger coupe, and is the perfect vehicle to show off Fiat Chrysler's new 'Hellephant' V8 crate engine. Not only does it have a wider track with flared fibreglass wheel arch extensions, the concept car also has a 51mm longer wheelbase, significantly reducing the car's front overhangs...

Fiat Chrysler sells Magneti Marelli

Fiat Chrysler Automobiles (FCA) has sold its Magneti Marelli supplier division for US$7.1 billion ($10 billion) according to new reports from the United States. An article published in Reuters says Calsonic Kansei (owned by KKR, a private equity firm in the USA, since 2016) will turn into Magneti Marelli CK Holdings when the deal goes through, becoming the seventh-largest independent automotive supplier in the world in the process...

Sergio Marchionne: A brief history of his time as CEO of Fiat and Chrysler

Sergio Marchionne, head of Fiat since 2004 and Chrysler from 2009, has passed away aged 66 after complications arising from surgery. Known for his straight-talking style, workaholic lifestyle, and love of black wooly sweaters, Marchionne was not a noted "car guy", but his legacy includes turning around not one, but two automakers...

Former FCA CEO Sergio Marchionne passes away

Sergio Marchionne, CEO of Fiat Chrysler (FCA) until last weekend, has passed away after complications arising from surgery. “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone," John Elkann, head of Exor, the holding company for the Agnelli and Elkann families, and largest shareholder in FCA, said in a statement released in the last hour...

Fiat Chrysler CEO Sergio Marchionne replaced suddenly due to ill health

After an emergency board meeting Fiat Chrysler (FCA) has appointed Mike Manley, previously head of Jeep and RAM, as its acting CEO effectively immediately. In a statement overnight, the company announced with "profound sorrow that during the course of this week unexpected complications arose while Mr Marchionne was recovering from surgery and that these have worsened significantly in recent hours", and as a result the outspoken CEO "will be unable to return to work"...