Fiat Chrysler abruptly withdrew an offer to merge with French automaker Renault late Wednesday, a shocking reversal of a deal that could have reshaped the global auto industry.
Chinese SUV maker Great Wall Motors is considering making a bid to buy Fiat Chrysler's Jeep unit, in a possible ambitious new step onto the global stage for China's fast-growing auto brands.
The Environmental Protection Agency issued a “notice of violation” to the company that covers about 104,000 vehicles, including the 2014 through 2016 Jeep Grand Cherokee and Ram pickups.
Workers overwhelmingly approved a new four-year contract in voting that ended Wednesday night. UAW represents more than 7,000 Fiat Chrysler workers in central Indiana.
The union announced the agreement just after 11:59 p.m. Wednesday, which was the deadline the union had set to reach a new deal or possibly go on strike.
The UAW represents around 40,000 factory workers in the United States. More than 7,000 of those employees work in Kokomo.
Holiday sales, cheaper gas prices and low interest rates pushed U.S. auto sales to big gains in December, helping the industry close out a strong year.
General Motors, Ford, Nissan and Chrysler all reported big gains as the major automakers reported July sales Friday.
Chrysler expects to have up to 850 workers at the Tipton factory, with a goal of it producing 400,000 transmissions by year’s end.
Three residents have appealed the Tipton County planning director’s decision to extend without public notice the building permit originally given to Getrag, which stopped construction at the factory in 2008.
In Kokomo, Chrysler plants rise with the resurgent automaker, while a GM plant across the highway hasn’t been so fortunate.
Chrysler Group LLC plans to invest a total $374 million and add 1,250 jobs in Kokomo and Tipton, the company confirmed Thursday.
CEO Sergio Marchionne will be on hand to announce the automaker will create 850 jobs at a vacant factory in Tipton and another 400 jobs at three other plants.
Chrysler Group LLC is betting on huge sales gains to justify the more than $374 million it is considering investing in Kokomo and Tipton to make a new line of nine-speed transmissions.
Chrysler Group LLC on Monday night said it was planning to spend as much $212 million on another expansion in Kokomo that could add more than 400 jobs.