35 Burst results for "Fia Chrysler"
U.S. Auto Sales Show Signs of Recovery in Third Quarter
"And the automotive industry appears to be bouncing back faster than expected strong demand for trucks and SUV's combined with easier credit is strengthening the recovery. General Motors reported a ten percent drop in US sales in the third quarter far less than the thirty four percent decline in the previous quarter rebel Fiat. Chrysler posted similar results with sales falling ten percent to after a thirty nine percent decline in the second quarter Ford releases its sales figures
Nearly 190K Ram pickups recalled for poorly installed floor mats
"An issue with formats, prompting a recall at Fiat Chrysler. These pickups have four maps that could interfere with a gas pedal. It evolves about 186,020 19 and 20 Ram 15 hundreds, no accidents or injuries reported There was one case when an accelerator pedal became stuck. But the vehicles involved all have override. So if you touch the brake It shuts off the acceleration dealers are able to modify the floor mats until Fiat Chrysler can build ones with a new design. Jeff Gilbert w W. J. Freddy, go 1950.
Nearly 190K Ram pickups recalled for poorly installed floor mats
"It's an issue with floor matting. That's not prompting a really big recall. At Fiat Chrysler, these pickups have formats that could interfere with a gas pedal. It involves about 186,020 19 and 20 Ram 15 hundreds, no accidents or injuries reported There was one case when an accelerator pedal became stuck. The The vehicle's vehicle's involved. involved. All All have have override. override. So So if if you you touch touch the the brake, brake, it it shuts shuts off off the the acceleration acceleration dealers dealers are are able able to to modify modify the the floor floor mats mats until until Fiat Fiat Chrysler Chrysler can can build build ones with a new design. Jeff
Judge refuses to reconsider GM lawsuit against Fiat Chrysler
"It will keep pressing forward even as a judge today refused to reinstate its racketeering lawsuit against Fiat. Chrysler, saying We will not accept corruption. GM planning to take their case to the sixth Circuit Court of Appeals Judge Paul Borman, saying GM didn't provide evidence that would have changed the original ruling that they weren't materially harm by Fiat Chrysler. Foreman, also agreeing with Fiat Chrysler that the new evidence of offshore bank accounts wasn't proof of corruption via Chrysler, saying today's decision confirms their contention that the suit is nothing more than a baseless attempts to smear a competitors. Jeff Gilbert.
Judge refuses to reconsider GM lawsuit against Fiat Chrysler
"Co. General Motors is still trying to revive its racketeering lawsuit against smaller rival Fiat Chrysler automobiles. But a federal judge in Detroit today rejected GM is bid to reinstate that case. GM had claimed had new information on foreign accounts You center alleged bribery scheme involving F C, A and leaders of the United Auto Workers. But Judge Paul Borden said the new evidence is too speculative to warrant re opening the case. GM quickly vowed to
GM Tries to Revive Legal Battle With Fiat Chrysler
"Again with its racketeering lawsuit against Fiat Chrysler. There's double jump. J Oughta be reporter Jeff Gilbert. GM says new evidence has come to light showing that it Wass harmed by Fiat Chrysler Now the suit was originally dismissed with Judge Paul Borman saying If anybody was harmed, it was Fiat. Chrysler workers. GM says in the past 10 days it's learned of foreign bank accounts used by former Fiat Chrysler CEO Sergio Marconi. We'll bribe individuals within the U A. W and G M AM saying this proves FC A used the W to put pressure on them to force a merger via Chrysler is cold GM suit without merit. Jeff Gilbert
Twenty-Five Years Later, Ford Resurrects the Bronco
"If you're an offroad aficionado or even just WANNA be. This story is a big deal. After a quarter century Ford is resurrecting the Ford Bronco a direct rival to the jeep. Ford produce the Bronco for thirty straight years starting in nineteen, sixty six. The vehicle had only two doors reportedly one reason why Ford discontinued it in Nineteen ninety-six consumer sentiment was shifting toward four doors. Historians say the Bronco Developed Cult Status. After it was discontinued today, the beefy muscular vehicles, a sentimental favourite restored vintage models can sell for up to two hundred thousand dollars with a corporate unit called Ford icons. Ford is Heavily Marketing Nostalgia that division includes the Bronco, a Mustang and a new line of Ford F one fifty pick-up trucks, including a hybrid version, and soon to be debuted all electric. And Nostalgia sells, but it's far from the only reason. The automakers releasing a Bronco for the twenty first century. The company is capitalizing on a trend according to the automaker offroad vehicle, so called rugged SUV's. Twice, as popular as regular SUV's CNN reports that has engineered the new bronco models for quote hard off road driving. You know the kind that allows you to quote. Get far from civilization. An even stay there for awhile. Is the perfect escape for pandemic induced cabin fever. Get a dose of Adrenalin while avoiding the plague. It's a combination made for advertising. Heaven Kit needs to be the jeep wrangler as the Juggernaut of off road vehicles. CNBC reports that automakers have been trying to quote dethrone the Wrangler for decades. Without much success. Even during the pandemic GPS kept selling Fiat Chrysler sold an average of seventeen thousand jeep wrangler every month for the last five years according to the Detroit news last year, almost a quarter, million wrangler flew off dealership. Lots and experts say jeep owners are loyal. To a fault. Still Ford executives have moxie. They're predicting sales of two hundred thousand broncos over the next year, according to Automotive News. and. Keep in mind that the low end version of the new line. The broncos sport won't even be out until years end higher end versions of the Bronco won't be at dealerships until next spring. Ford is doing everything it can to make the Bronco enticing enough to away jeep lovers, and of course to persuade new off roaders to come into the Ford camp that includes besting the ramblers largest tires thirty three inches with whopping thirty five inch tires, Ford says a Bronco outfitted with the almost three foot in diameter tires can easily go through a couple of feet of water models also come with removable roofs and doors. Drivers can store the doors in the Bronco. For, it says. At about thirty thousand dollars, the price of the two door base Bronco comes in at only two hundred dollars more than the base price of the jeep wrangler at the top in a limited number of first edition for door Bronco started about sixty one thousand dollars, Ford began taking one hundred dollar deposits on Broncos last Monday when it released the new line I edition reservation slots sold out within a couple of hours. Still as bullish as the auto press is about the Broncos, the release comes against bleak backdrop for the auto industry. Overall vehicle sales plummeted when covid nineteen emerged shut the industry down for two months recently, both Ford and GM reported second-quarter sales declines of about thirty three percent from a year earlier jeep parent, Fiat Chrysler did even worse with sales down forty percent. And that puts a lot of pressure on Ford to live up to its promise of adding a billion dollars to the bottom line next year through Bronco Sales. And it adds pressure Chrysler to keep jeep at the top of the OFFROAD HEAP Stakes is high as the boulder strewn rocky mountains. The war between Bronco in gene. We'll be fascinating to watch.
Merged Fiat Chrysler-PSA company to be called Stellantis
"Where where customers customers can can pick pick up up orders orders placed placed in in advance. advance. It may not say it on the hood. But your next car, maybe made by a company called Still Entous, Fiat, Chrysler and French automaker P. Ece have conjured up the name for their soon to
GM wants judge removed in legal fight with Fiat Chrysler
"General Motors asked a federal appeals court Friday to overturn an order that requires its CEO to meet with the head of fiat Chrysler by next week to try to settle a lawsuit related to corruption by union leaders GM also asked the court to remove US district judge Paul Borman from the case GM is suing crosstown rival FCA alleging that it got an advantage by paying off union leaders to reduce labor costs during contract talks FCA's former labor chief ally a belly is in prison although the company denies that directed any prohibited payments Borman described the lawsuit as a nuclear option that would be a waste of time and resources for years if he allows the case to move
GM wants judge removed in legal fight with Fiat Chrysler
"General Motors request removal of the judge and vacate orders in a lawsuit filed against Chrysler fiat in November and the judge called the lawsuit a waste of time is GM is seeking billions from fiat Chrysler in a racketeering lawsuit involving fiat and allegedly the United auto workers
Ford returning to pre-coronavirus production levels
"Ford announces this morning production will be increasing on Monday W. WDRB reporter Jeff Gilbert life and local with the details Jeff yeah not just increasing Brooke but they'll be running at full production at their plants on Monday they had expected to do that by July sixth but they said because of workers help and because of suppliers they've been able to do it two weeks earlier now fiat Chrysler GM are not far behind AB just a few days JD powers types in Germany says dealers need those vehicles inventory is very high it's heightened parts of the country it's tight in different segments pickup truck inventory is very tight almost everywhere Germany says retail sales rose at dealerships are now almost aware JD power had expected them to be before the virus
All three Detroit automakers had workers test positive for COVID-19 since plants reopened
"The assembly lines at fiat Chrysler's plants into local Mexico are running again the automaker says it is re opened the assembly and stamping plants that make the jeep compass Dodge journey and fiat Freemont Ford motor is Kansas city assembly plant in Missouri is being deep cleaned after one of its employees was confirmed to have coded nineteen United auto workers union says the test temporarily shut
Fiat Chrysler, Peugeot Scrap Billion-Dollar Dividends as Merger Faces Pressure
"Fiat Chrysler in French automaker PSA group of decided to scrap one point two billion dollars in dividends each had agreed to pay them as part of the merger agreement they're blaming the impact of the corona virus but they say preparations for the merger are still going well shares of fiat Chrysler down sixteen cents at seven seventy one a
Fiat Chrysler, Peugeot Scrap Billion-Dollar Dividends as Merger Faces Pressure
"Fiat Chrysler and French automaker PSA are dropping the dividends they promised to pay as part of their merger both companies have been hurt by the outbreak fiat burn through five and a half billion dollars in the first quarter and PSA's first quarter sales plunged sixteen percent
Fiat Chrysler Automobiles loses $1.9B in first quarter
"Fifty yes fiat Chrysler posts big first quarter losses the company says it plans to re open most of its north American plants the week of may ninth of may eighteenth details now from W. W. J. auto beat reporter Jeff Gilbert a one point nine billion dollar first quarter losses big motivation for fiat Chrysler to get its plants up and running CEO Mike Manley says are also short on some models of pick ups he says they are working closely with all stakeholders and this plan has been developed following continues discussions with the U. A. W. and the governors of the states within which we operate particularly government but not from Michigan the U. A. W. says it wants as much testing as possible and when available once all plant workers to be
US automakers return to work
"The U. S. auto industry is now restarting its collective engine after being idled for weeks by the corona virus the first wave of plants re opened today and these plants look a little different than before as NPR's Camila domonoske reports a couple of weeks ago market give me gifts and went on a video tour of Detroit diesel a plant that makes truck engines when it's not shut down for a global pandemic I thought we had them on show you guys what they're going out on Madsen's lawyer Barry Gibson is a shop chairman at the plant he was showing his union members the new safety protocols being put in place to prepare for re opening like plastic sheeting yeah I met the person stopper you see I got a curtain up there now because there's usually two people in on the side of the block he pointed out health check stations and sanitizer bottles and tapped on a large clear shield there is a big the truth that we all got together for well the separate obviously any you know Mister articles from the model of your nose before coronavirus none of this was here now it's the new reality Gibson says several auto plants in the south like kia and BMW started back up today Michigan is still under a stay at home order so Detroit diesel remains closed but it has to get ready these plants were designed for people to be able to stay six feet apart Ralph Morris junior is the president of the local union right now there's a lot of high anxiety driving you've read about the other meat processing plants and in a factory setting unless the you know the the precautionary measures are taken you know I could spread through the whole whole facility questions about how to re open in a way that see for workers have caused many companies to push back their plans to resume operations America's big three for General Motors and fiat Chrysler haven't confirmed a start date yet their workers are represented by the United auto workers union which has called for more testing because people without symptoms can spread the disease Houston Robinson as chief human resources officer for Ford Motor Company on a call with reporters last week she addressed the issue I think that the bottom line is based on all the information we have access to we will not have a reliable and scalable testing solution to several weeks and it may even be month Sir now Ford says it will send employees who feel sick to be tested for covert nineteen but the company can't offer its own tests to all employees yet there's intense pressure on companies to figure this out and soon the plant closures are costing the industry billions of dollars hundreds of thousands of workers are affected and customers are already starting to buy cars again Sean Suggs is the president of the Toyota plant in blue springs Mississippi where they build corollas he says the plant re opening will be gradual we're not going to just flip a switch and everything's going to be back to normal there is no going back to the normal way we simply cannot operate the way we operated before covert nineteen the blue
Ford investors eager for details on when automaker will restart U.S. operations
"The Wall Street journal reports that Detroit automakers are looking at may eighteenth as a restart date for production at U. S. factories the report says GM Ford and fiat Chrysler agreed on the time line with Michigan governor Gretchen Whitmer and the United auto workers union the U. A. W. has been concerned about the safety of workers and whether the companies will be able to make workplace changes quickly enough to meet that target
Caterpillar Records Smaller First-Quarter Profit
"And caterpillar little change at the moment yeah I saw that we had on the construction and mining equipment maker predicted this quarter will be more significantly impacted by the coronavirus than last quarter was so sweet which may well be true for a lot of companies as we go forward here you see the automaker's hired General Motors up three percent four of six and a half percent fiat Chrysler four percent now Dow Jones is reporting that they're aiming to restart some U. S. production on may eighteenth that's according to unidentified people familiar with the matter the timeline depends on the worker safety agreement with the United auto
"fiat chrysler" Discussed on AP News
"The automaker sister recalls to to windshield wiper arms that can come loose or prevent the wipers from working properly the recalls for certain 2019 and 2020 ram 1500 pickups 1500 classic pickups in jeep compass SUVs according to documents from the national highway traffic safety administration loose wiper arms can reduce the driver's visibility however fiat Chrysler says it hasn't had any reports of the problem causing accidents or injuries I'm my camp in
"fiat chrysler" Discussed on KTLK 1130 AM
"Ford and fiat Chrysler amid a work stoppage over the corona virus outbreak Ford and General Motors and fiat Chrysler suspending production at all north American plants beginning this week I've only around one hundred fifty thousand workers in an effort to deep clean the plants and help prevent the spread of the corona virus following pressure by the U. A. W. Honda Nissan and Toyota also temporarily suspending production in North America Hyundai closed its plant in Alabama after a worker there tested positive for corona virus you Detroit leaders and Ford and General Motors say they're also looking into a possible transition into the production of ventilators Jeff man also fox news president trump says the government is looking into using existing drugs to treat covert nineteen fifty eight mins known to be safe in Europe Japan or other nations are effective against the virus will use that information to protect the health and safety of American people nothing will stand in our way as we pursue any Avenue to find what best works against this horrible virus the president says his administration is also slashing red tape on the development of vaccines and that the first clinical trial the vaccine began earlier this week the Wall Street journal reports the some FDA scientists oppose relaxing the regulations saying experimental drugs could expose patients to unnecessary risks Senate intelligence committee chairman Richard Burr a Republican from North Carolina sold as much as one point seven million dollars in stocks just before the market dropped last month as government health officials began to issue warnings about the effects of the virus the futures turned higher Asian markets mostly higher Wall Street ended mostly higher after.
"fiat chrysler" Discussed on WJR 760
"The merger between fiat Chrysler in the French automaker PSA group merger talks are going well and Mike Manley the CEO of fiat Chrysler says the deal should be done in about a year FCA and PSA will bring together jeep ram and Peugeot it'll be the fourth largest auto maker the two companies agreed to merge in a fifty billion dollar deal in the face of mounting costs of making electric and self driving vehicles while global demand for new vehicles is slowing down an important factor for the new company is which platforms will put their products and how many platforms they need the platform is the base of the vehicle which determines their size and how many versions of tooling assembly lines are needed another important factor is the information came from badly a sign that the fiat Chrysler boss may be in line to be the chief operating officer of the new company decay for W. J. R. news governor Whitman to take part in the state of the union address governor Witmer will deliver the democratic response to president trump's state of the union address which is taking place on February the fourth that announcement was made by speaker Nancy Pelosi and Senate democratic leader Chuck Schumer governor Witmer says she's thrilled to have the opportunity to deliver the response speaker Pelosi says that what more is a forward looking leader who is laser focused on solving problems for everyday Michigan there's and is uniquely qualified to deliver Democrats message of progress for all Americans I met a Landrum W. J. R. news the governor makes the state of the state address next Wednesday night in Lansing well millions prep their tax returns the IRS is warning taxpayers to watch out for goals you want to repair their taxes RG and Johnson has details by law anyone who's paid to prepare or help prepare federal tax returns must have a special ID number they have to put it on the return not signing your return the iris says is a red flag that a ghost prepare maybe looking to make a fast Buck tax officials say a ghost probably won't sign the tax return they prepared they may require payment in cash without a receipt claim fake deductions to boost the size of the refund or direct refunds to their own bank account instead of the taxpayers account I'm Jim Johnson the Superbowl broadcast will drop tens of millions of viewers next week course let it seep Kassebaum says companies are paying top dollars to access the audience the five point six million dollars foxsports received for a thirty second commercial during the big game is a record the commercial space sold out in record time so it's no surprise that Fox Sports is capitalizing on that demand by adding another floating commercial break ad week reports that the additional two and a half minutes of commercials could earn the network another twenty five million dollars and checking WJR sports and pro basketball and that's with the win over the pistons last night one twenty one to one eleven Michigan state will play at Minnesota today tip off at three PM W. G. R. news time six oh five it's time to check the drive.
"fiat chrysler" Discussed on AP News
"The United auto workers union says it's reached a tentative deal with fiat Chrysler a person briefed on the matter says the agreement includes a ratification bonus of $9000 along with the promise not to close any assembly factories for the next 4 years and a commitment to keep making vehicles at a plant in Belvidere Illinois top union leaders still have to approve the deal as to factory level officials who are likely to gather next week to vote on it then it must be ratified by fiat Chrysler automobiles 47000 union workers fiat Chrysler is the last company to settle on a contract with the union GM settled at the end of October and Ford in mid November I'm Ben Thomas
"fiat chrysler" Discussed on AP News
"Merger between Fiat Chrysler and Renault caught many by surprise. AP's. Zaria shackling reports. Now the finger pointing begins biggest single shot a whole day. The French government had plays conditions on the deal and wanted to continue Tokes next week, but the Chrysler automobiles abruptly vis drew the Mudgal blaming the political conditions in France. The government owns fifty percent of Renault and would have had to food the Maija officials in each side blamed for making demands. The causes deal to fall apart with little hope of revival. The French officials said, FRANZ wanted to delay a vote to give more time to discuss it with Renault's alliance partner and his son, a such the Christ put massive pressure to quickly take the author or leave ED's. I'm Sarah shaklee. Regulators have given phone companies new tools to fight robocalls, AP. Correspondent Shelley atler reports are you tired of being interrupted by this your social security numbers been suspected for fraudulent activity. Well, there's some good news as federal regulators or giving phone companies the right to block unwanted calls without getting customers permission. The vote by the FCC could make call blocking widespread and help consumers dodge annoying robocalls, but don't get too excited. There are already concerns that scammers will figure out how to bypass the new rules. The once you get admitted can we call us back as soon as possible, Shelley Adler. Washington. Radio news. I'm Tim McGuire second day of negotiations finds US Mexican officials unable to reach a deal to avert import tariffs. The President Trump is threatening to impose as he tries to strong arm Mexico.
"fiat chrysler" Discussed on WSJ What's News
"From the problems companies that rent out planes and staff from London are aerospace. Correspondent Robert wall has more. So, of course, the max grounding has been a real burden not just on Boeing, but also for the airlines since specially going to the busy summer season, they've built their schedule. They've sole tickets and suddenly, the planes, they were going to fly them on are not there. So in Europe, in particular, a lot of the companies to avoid canceling flights have rented planes from these wet, leased companies companies that rent not just the planes but on very short two bases. Cruise so pilots, I've been crew and, and the actually aircraft and that's what's keeping them going. In fact, one of the wet Lisa companies told us their phones were ringing off the hooks. When the max grounding happened, you know there there, there, there's a premium price. So this can be many, many thousands of dollars per hour. Separately are amid seek calmness. Scott McCartney got an exclusive look inside a Boeing flights. Simulator. He went inside with two American Airlines pilots who are trying out a fix to the software flaw that likely led to two crashes he writes that, while the proposed fixed tested, well, in the simulation, he observed, there are still many hurdles ahead before the max returns to the skies and federal investigators are examining whether Pat Haden played a role in the national college admissions cheating scheme. Mr. Hayden is a former university of southern California director and NFL quarterback according to a person familiar with the investigation. Investigators only became interested in Mr. Haden, recently, a member of his family said that he hadn't been contacted by federal authorities. Now, our main story this morning, Fiat Chrysler has decided to withdraw its offer to merge with the French carmaker Renou, according to people familiar with the matter. The company decided to pull out after the French government resisted, the deal due to a lack of support from Nissan. Nissan is in an alliance with Renault to find out more. I rang up Nick cost of in Paris, who's been closely following the deal. So Nick, what happened what happened? Good question suit, essentially, what we have is deal between we have FCA proposing to merge with Reynaud. However, Renner has been in tonight's with Nissan for twenty years, and therefore shares of many parts platforms is fairly integrated with Nissan, now, the French states decided that it would not back this deal without the explicit approval and without the explicit support of Nissan and Nissan. Has not really been involved in negotiations. Nissan, essentially abstained on the votes and said, we need more time to study how this would affect business and for the French state that wasn't good enough. They wanted me Santa vote. Yes. And so, different states, proposed delay said let's try and work with Nissan to try and get them on board and will reconvene in five days and at this point, John Alcon, who's the controlling shareholder if he at Chrysler decided to pull the deal of pool his proposal, and so the deal Fennell has fallen apart. What has the Chrysler said, well fee Chrysler fuse, and the deal is, is not possible with the with the French state at the moment, because they've been in negotiations with the French state for the past week, different state has been asking for a number of concessions, for example, once a board seat on the new entity. It wanted a four year term for the news CEO of the. Company, and he wanted that to be Reynaud chairman. There was a number of other things. And so see at Christ is essentially saying, we've had enough of the French states demands, this has become untenable, and we can't do a deal when east conditions, and what does the failure of this deal mean for the car industry in Europe? And in the US, does it help rivals, like maybe Volkswagen, perhaps, I mean, it's very difficult to tell at this stage in the US, this would have meant said Nissan, getting together with Chrysler in a way, which which would obviously bought brands like ramen Jeep closer closer with the Nissan's. So that doesn't seem like it's going to happen now. I mean what it means I guess, for the car industry is, if you speak to end this most of them think that Fiat Chrysler needs a deal right now and because then they haven't invested enough in future technologies, I'm so we'll see who they end up with whether it's another French call maker of maybe Paju, or whether.
"fiat chrysler" Discussed on WSJ What's News
"That's ADP always designing for people theat Chrysler withdraws its merger offer for Reynaud is actually is weird because Fiat Renner deal has fallen apart. Posse, and sinks into a bear market investors, every sort of reassess thing, the post specs global growth, US arrest at this southern border rise sharply in may. This is what's news. From the Wall Street Journal. I'm Kim Gittleson? Let's get started. Now before we get in terming story this morning, Fiat Chrysler is decision to withdraw its offer to merge with the French carmaker. Renault, here's what you missed arrest at the southern US border rose sharply in Maine, US customs and border protection said they apprehended one hundred and thirty two thousand eight hundred eighty seven people that's an increase of over a third compared to April the figures were released as Mexican officials met with vice President Mike Pence, and secretary of state. Mike Pompeo on Wednesday, although the meeting broke up without a deal on proposed tariffs. Mexico's foreign minister Marcelo abroad said he was optimistic that tariffs could be averted optimistic because we have a good meeting with respectable respective position from both parts talks are set to resume today, and the global grounding of Boeing seven thirty-seven max has upended air travel, but there's one little notice corner of the aviation industry, that's benefiting..
"fiat chrysler" Discussed on Bloomberg Radio New York
"And the markets Fiat Chrysler has abruptly withdrawn its offer to merge with French carmaker Renault, this is after Renault's board on the brink of approving the deal postponed, a decision for the second time the move by Fiat ends deal. That would have created the world's third largest automaker the US and Mexico failed to reach an agreement to avert tariffs on Mexican imports to the US. The threat is aimed at pressuring Mexico to mitigate the flow of migrants from Central America to the United States after the news broke and talked ended without a deal president from said, progress is being made. However, it's not enough earlier in the day, Senate majority leader Mitch McConnell told administration officials the president should delay imposing tariffs on Mexico until he can personally make his argument to Republicans in congress. Crude oil trading further into a bear market, that was after the US government said. Total petroleum stockpiles in the US grew by about twenty two million barrels last week for the biggest increase in nearly thirty years. WTI in the New York session was down three point four percent to fifty one sixty eight right now. We are trading at about that level in the electron accession incidentally, crude oil. This is New York. Crude is down twenty two percent from its April peak. We check markets every fifteen minutes here on Bloomberg gets Memorial Day in South Korea. So no trading in Seoul. Right now in Tokyo. The Nikkei is higher by two tenths of one percent. Although we do have a stronger yen against the dollar here at one hundred twenty five that may be restraining gains in Hong Kong, Hang Seng down one tenth of one percent. Shanghai composite off seven tenths of one percent. And in Sydney, the X two hundred is a head six tenths of one percent. Global news twenty four hours a day on air and a tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. This is Bloomberg. Federal Reserve Bank of Chicago. President Charles Evans is signaling. He's open to considering an interest rate cut with inflation, too low and trade tensions, causing business uncertainty even though US economic fundamentals are solid and Evans spoke with Bloomberg's Michael Mckee in Chicago think we've been looking at the data. You know, talking to businesses and thinking about how the forecast is evolving. I still think that the fundamentals are solid for the economy. There is uncertainty and you might be wondering if businesses or delaying a little bit more taking stock of, you know, with the international situation. Looks like I think it would be prudent to take a look at, you know are setting monetary policy as we do each and every time. And as I've said. You know earlier little nervous about the low inflation rate. And so, even though we expect it's kind of temporary I think that, that by itself could be a reason for a little bit more accommodation. But I think we're just gonna have to look at how things are evolving cut.
"fiat chrysler" Discussed on WSJ What's News
"The thing is particularly interesting about this is Mark unit made a name for him, so, well, I you made any from south saving Fiat, and then saving Chrysler, a lot of people in the states, forget that Chrysler was near vision, two thousand nine hundred year body, but he became an even larger than life figure that he already was in two thousand fifteen when he made this very public case about the need for consolidation in the car industry. So that became his thing he was the cheerleader for. Consolidation. The current history except the only problem, I guess if you will is that he, he was known for having a really aggressive negotiating style for being a very hard bargainer. So we've heard from several people that they were wary of just sitting around the table with him afraid that you may walk away with the deal that you weren't just that enthusiastic about. So that was my CUNY Goan was also a larger than life figure, you know, he had put he had done something that in the car industry was thought impossible he had found. What, what everybody thought was the third way, right? There was the do it yourself was the merger which often didn't work. And there was this alliance that he had put together with, with Renault Nissan later, Mitsubishi, he, of course exited the scene late last year when he was arrested. And, you know, he he was replaced by, by new by new chairman who as but by all accounts has gotten on well, with the chairman join Al Kuna Fiat Chrysler, and, you know, a lot of times, these deals, not just in the car industry in general, if we look across across industries, you know there has to be the industrial. Of logic or anyway, the people who are engineering, the merger need to think that it makes sense today, but you also the, you know, it really helps increases the the gears there. If you have some sort of report between the two sides, and it looks like that's what really happened. So it was sort of a perfect alignment of, of things here that led to the announcement of this deal. What are the potential roadblocks? Yeah. Well, that's, that's a good question. Because one of the problems often when you have this kind of deal is that I it's hard to sell it as a merger of equals, for example, when this new company comes out what percents going to be held by each company, right? Of, of the of the pre merger company in, in this case, they managed to do you know, a real merger of equals can be fifty fifty so that in theory shouldn't be a problem. But, you know, these boat, both of these companies were no for the French in yacht for, for the Italian Chrysler for the American side of via Chrysler, these are companies that, that have a hundred years and sometimes more, you know what was founded in eighteen ninety nine. So these are national icons, if somehow. You know, the PR firms of these companies are not able to control the narrative in somehow, the narrative comes out that Renault is, he's taking over Fiat Chrysler in this man, one of the key issues. We don't know where, where the effect of headquarters of this company is going to be the fifth turns out, it's in Paris, and it's not in Detroit or turn, you know, that's gonna be a sticking point. You can find our full coverage of the proposed merger at WSJ dot com. You might know ADP is the biggest name in payroll. But that's just the beginning because ADP is transforming the way great work gets done with HR talent time benefits and payroll informed by data and designed for people, that's ADP always designing for people. On to markets in Asia markets, were mostly muted after US markets were closed on Monday for Memorial Day. One thing that's cheering investors. The prospect that Alibaba, the Chinese e commerce giant that's basically Amazon, EBay and pay pal in one might be pursuing a second listing from Hong Kong are markets editor, Quentin Webb has more home. Call today with this idea that Alibaba could listed Hsieh's hair as well as having a stock market listing in New York where I think it set records by raising twenty five billion dollars..
"fiat chrysler" Discussed on Marketplace with Kai Ryssdal
"Twenty seventh and thanks for being with us on this Memorial Day. We'll have more on what this day means to us a little bit later in the show. But we're starting off in Europe where the EU just wrapped up parliamentary elections in several countries, including Britain, Germany, Italy, and France, nationalist and populist parties have been on the rise. And pro Europe voters turned out in huge numbers to counter them for more, here's marketplace's Stephen beard. Steven, thanks for being here. Nice to talk to you, Molly. So I know the media loves it storylines, but this was billed as no less than the battle for the soul of Europe. Right. Those who who want this much closer union than nationalists, who wanna looser collection of independent states sticking with the story line idea who won, not the nationalists. They didn't make the big breakthrough that many were expecting some of them have very well. I mean, Laker, the foul rights Italian party did. Very well. Marinela pens party in France dwell, but across the EU and in the European parliament, these nationalist, anti EU parties are still in a minority. So they'll create a lot of noise going forward, but probably won't be able to disrupt the EU all all seriously hinder moves towards greater integration. What about the more on the national side, the Brexit party, which seemed to do very well, in Britain, how much impact could that have then on European parliament and the U overall? Well, I did extremely well, considering this party didn't exist. Six weeks ago. There's a conservative party leadership election about to stop now, Theresa May is stepping down and the Brexit party success could well, persuade many conservatives that they should follow the Brexit party line, and go for a clean break Brexit. However, it must be said most British. Lawmakers are against a no deal Brexit and could veto it. And if you add up the votes for all the policies, the support Britain remaining in the u they outnumber the Brexit party vote well, and it seems like there is increasingly loud, talk of a second referendum, how likely do you think that might be if does look increasingly likely that there might be a second referendum because these people who are arguing that Britain should remain in the EU have to deal with the fact that three years ago seventeen point four million Brits voted to leave the EU and the result of that referendum has not yet been delivered? So maybe, we'll eventually have to go back to the people, but it remains a highly highly contentious issue in British politics. So I want to pivot a little bit. We've talked about tensions, of course within the EU. I wanna talk about economic tensions between the US and the European Union specifically. On auto tariffs, especially with a big proposed auto merger on the line today. The promise to reject the Trump administration push to limit imports of cars and parts from Europe. That's just happening today. What does that mean for the future of that trade relationship? Well, this is potentially a very serious escalation, EU Komai because exports run into the tens of billions of dollars. I mean it's actually in fact that with ten times European steel and aluminum exports to the US. So the e u is determined to stand up to President Trump's threats giving every impression today that the commission has not been in any way, weakened in its stones by the European election result, marketplace's Stephen beard. Thank you so much for the time, aren't you Molly? Now, let's explore that auto industry news. I just mentioned, their yacht Chrysler, has reportedly proposed a merger with the French carmaker Renault it would. Create the third largest automaker by production behind Toyota and Volkswagen group. But at a time when automakers are laying off thousands of workers and expecting the global market to weaken. Why try to get bigger marketplaces, and the Euler explains that one if this deal comes to pass the merger would volt this new company ahead of General Motors and production numbers with the capacity for making almost nine million vehicles year right now, things are profitable for FIA Chrysler. Thanks in large part to Jeep and ram truck sales in the US. But the demand for new vehicles in America, and China appears to be slowing so carmakers are intimidating another downturn at Niedermayer's senior editor from ability technology at the drive dot com. When the downturn comes all of a sudden, your cost structure, is too big for you might have avenue that you're making on your sales. So a merger could allow this company to combine production and maximize efficiency Sam fee, Ronnie at auto forecast. Lucien says, logistically, this merger make sense because it allows. Fiat Chrysler, and Renault to merge in platforms, and engine programs and consolidate a lot of costs, but consolidation can mean job cuts in the French government may look carefully at the deal with that in mind. If the deal does go through though, this combined company would also fill in important, gaps for Fiat Chrysler, especially in electric vehicle. Production again at neater Meyer Chrysler is just way behind. And Billy doesn't even have a pass to catch up with those those markets, and they developed Renault on the other hand has been investing heavily in technology research and development. Thanks to a partnership with Nissan. It's still unclear who would actually run this combined. Entity though, Renault is reportedly studying the proposal but gave no timetable for a decision. I mean either for marketplace. On Wall Street today markets are closed for Memorial Day, European markets seemed mostly relieved by the results of those elections. We'll have details of a different sort when we do the numbers. It is officially cap and gown season for college graduates, which means a few million people in their early twenties are hitting the job market, and it's a job market. That hasn't been good for young graduates, since before the great recession. But with one stubborn problem marketplace's Mitchell Hartman explains. The national association of colleges and employers reports companies plan to hire nearly eleven percent more graduates than last year and.
"fiat chrysler" Discussed on Bloomberg Radio New York
"Fiat Chrysler wants to merge with Francis Renaud the two companies have wrapped up talks and Renault says it's board is studying the proposal with interest. The combined company would be split fifty fifty between shareholders of the two existing companies the new firm would have total annual sales of almost nine billion dollars. That would be the third biggest global carmaker behind Volkswagen and Toyota, GM would fall, the fourth President Trump is sticking with a tough line on China trade, saying, the US isn't ready for a deal. Now he thinks there will be a deal sometime into the future, but offers no specific timeframe or next steps, he also says tariffs on China could go up, very substantially shares in the world's biggest shipping company, eight p Moeller, Maersk, slumped, five percent Friday after the chief, executive officer started discussing the fallout of global trade tensions on his industry. More from Bloomberg's Charlie Pellett. CEO sarin scoot, hold analysts and reporters at twenty nine. Nineteen will be the year of the trade war, Maersk transport's about a fifth of the world's manufactured goods by sea, and its struggling to cope with the threat, escalating trade tensions posed to its business schools, his volumes on trans-pacific trade between Asia North America have already shown signs of decline, Charlie Pellett, Bloomberg radio. Checking global markets as the popular surge fell short in the just-completed European Union vote, despite wins in both France and Italy, the Dax in Germany is higher by fifty eight points while the CAC in Paris has positive thirteen Japan's Nikkei closed up sixty five points, China's CSI three hundred added forty three points or one point two percent while the hang sang and Hong Kong, lost, sixty six points trading in the UK, or US due to holidays. Global news twenty four hours a day on air and on tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Steve Potisk, this is Bloomberg is.
"fiat chrysler" Discussed on Newsradio 950 WWJ
"Boost. Fiat Chrysler is North American earnings. We get more from WWE J Yana reporter, Jeff Gilbert does jeeps and Rams made Fiat Chrysler more than two billion dollars pre-tax here in North America and important figure locally because that's what profit sharing is based on it also pushes Fiat Chrysler profit margins over the magic ten percent. Mark here in North America. The overall earnings six hundred fifty million cut by an eight hundred million dollar one time charge that charge to pay for likely settlement for the company's diesel issues. Jeff Gilbert, w w j NewsRadio nine fifty a lot of money. They just can't spend it Forbes is coming out this morning with its list of top earning dead celebrities last year. Michael Jackson was number one. Followed by golf legend Arnold Palmer, Charles Shulz, Elvis and Bob Marley WWE news time. Nine thirty four just ahead of next week's vote on a recreational marijuana in Michigan. There was a big conference in downtown Detroit today covering all aspects of growing processing marketing and selling cannabis WW Jay's Charlie late in joining us. Live and local the details. Charlie. Good morning time. The first commercial cannabis conference is at Cobo center. Now, it's actually getting a lot very crowded a lot of people here many are saying that Michigan's marijuana law that does regulate the growing manufacturing transporting and selling marijuana is a good thing. But Charles Brodsky, he's been in the industry for a long time. He's also the vice president of cannabis aid. That's responsible for putting out in this conference. He says so much from a business aspect is still unknown. I mean, we don't have a vibrant market. There's no checks and balances there's no security in place for the government much like in the alcohol environment. When I used to run the alcohol board, we had a whole framework for moving regulated product into the stream of commerce also says it's a good time to get into the marijuana. Business conference goes on today and tomorrow at Cobo center reporting live here in Detroit, Charlie Langton, WJ NewsRadio nine WJ business editor Murray. Feldman says a lot of us have a romantically. Come track. Acted disease. Dat Murray says before you marry someone make sure you know, how much debt they have. And what kind of spenders they are. They're calling it a romantically contracted disease. Roberta being infected with your partners debts, spouses and partners have taken on about two hundred and fifty billion dollars in debt from their loved ones. Some of it happened through secret spending.
"fiat chrysler" Discussed on WJR 760
"The passing of former Fiat Chrysler CEO Sergio Marchi own who had been in grave health since this past weekend, and there had been some rumors and that was pretty much hit over the last couple of days anyway as to what Mr. martians health status was. We find out on this Wednesday morning. He indeed passed away at the age of sixty six to start this particular segment. Let's go back to January twenty fifteen. As we mentioned earlier Mr. Marcio on a regular here on the Paul W Smith shell and to our knowledge engineer, Brian Morton. Looking for this tape might have been the final appearance of Sergio without here on the program. Again, this is at the auto show in January of two thousand fifteen. The real issues. I think we need to get smarter about how we robbed his businesses and all we've gone through this incredible explosion back in the nineties. Even in the eighties above buying car car companies an aggregation. Than creating monsters of unmanageable size and proportions I think the FIA. Cries ver- merger is a classic example of how something can be achieved transnational not saying that we couldn't have, done better that we've done but you've done very well I think we've done all right in terms of establishing links across the global organization and starting. To get the benefits of the coal. Management of the industrial reality that we face globally and if it's true for Fiat. Chrysler must be true for a larger. Entity than we are and so I know what the benefits are of being able to extract substantial reductions and the, capital that. We consume the this is the biggest you made reference to the two billion dollars in the. Minivan, does not inconsequential bets if you get that car loan that is. One painful adjustment. That you need to go through to make sure you can't square right if you can find a way to share baths of that caliber Across a, wider array of vehicles on across a wider, array of brands of the you'll do better so, you still are looking if there's that but more importantly. I'm receptive which you know. The reason why some of these things get raised and especially in. Environments, like this is to try and provoke a thought pattern in, other seals and other entities. That may be interested in pursuing the same path I mean reference to the fact that it's very hard for seals to look at this that irrational way I made reference to the. Fact that I don't know of, any Turkey invites himself through a thanksgiving dinner and the problem. Is that when you do these things unfortunately the level of redundancy that comes first and foremost in people's minds is that CEO level and so people are very reluctant to embrace santio that caliber because it involves their own personal. Affairs I think you need to, look beyond that in NC what else you can do Sergio Marchi own right here on the Paul. W Smith show again going back to January of two thousand fifteen Referencing at that point Richard the relatively new merger with the Fiat Chrysler. At that time and how very important it was and. As we now know certainly. Very important to the viability of Chrysler and his contributions I I'm sure going on all over the nation today If you're just waking up Sergio. Marchionne has passed away at the age of sixty, six we found out last weekend that he was in grave health he had shoulder surgery that. Was, what was referred, to at the time shoulder surgery last June turns out there was a little bit more, to it he. Was diagnosed long ago. With invasive shoulder sarcoma that type of cancer according to the American. Cancer Society develops in the, bones and connective, tissue unfortunately during the procedure he suffered a stroke and at. That time it is now reported that he suffered ear reversible brain damage he will be remembered the amazing thing is and we discussed this, a, little bit earlier folks really know automotive background but he I it just goes to show you. The mind that he had, it would be like one of us ending up in the. Nuclear, physics field that we have no background in it It but you good into it and you have success I. It's mind blowing well he, he he proved, that you don't have to be a an expert in a. Lifer in an industry to take control of one of the largest companies in that industry and do a great job You know Richard dead manning been around many many. Automobile fuck over the. Years and your statement that Sergio, is at the top speaks volumes. Of the top, of my list Steve you've got a great story about the, conversation you had with him about your. Jeep, might have been he was quite the people person and I'm almost positive it. Was long time it was. A little bit earlier but Sergio's at an auto show. And he said I just got? My first, Jeep and I don't know why but I. Shared it with. Very approachable I I had this, type of automobile for the longest time at least. Ran, out I wanted to, try Jeep, I got one Grand Cherokee and Sergio started asking questions why do you like it caller I mean and it was just one of those deals he was interested that's why he was so Successful All of a sudden I'm doing this focus group with Sergio Marchi. Own and you, know because and I left that conversation, thinking, wow this guy cares about the. Product, now we know that Jeep is carried the company Yeah, he, made he says he made by. And, large the right decisions on how to maneuver Fiat Chrysler in a position to one survive to thrive and three. Have a future where the company would be much more attractive as a partner to another company because one. Of the things he failed. At several years ago was getting a merger with a bigger company he was courting General Motors he. Thought General Motors should come in and acquire Fiat Chrysler or acquire the Chrysler side of Fiat Chrysler GM GM looked at, the balance sheet for Fiat and all the? Money that they owed at that time and said why should we come in and save Fiat but Mr. Marshall Yellen was very open and, honest about the reasons that that he wanted that to happen and when. It didn't happen well he went to work, and now they have a thriving profit making company and as far as? Mike, Manley is. Concerned Mike Manley the head of Jeep and ram truck who now has replaced Sergio Marchionni on my question and I guess the entire industry question to him we'll be how do you follow Sergio Marchi own well that being said everybody has had wonderful words to say. About Mike Manley that he is the man for the job and I I would imagine Mr. Manley understands. The big shoes to fill. And he's taking over under very unfortunate circumstances that being said we shall see the direction moving forward. With Mr. Manley all right folks six fifteen time and we are taking you back to the traffic center because guess what, your Wednesday morning rushes in full effect with? The very latest here's our meta WGN traffic first is sponsored by top shelf painting at top-shelf painting their name says it all interior or, exterior residential commercial and industrial they are the top painting company and McComb. In Oakland county's get on their paint schedule, now for the end of the summer and fall and received twenty five Five percent off for your free estimate visit top shelf US dot com, that's top-shelf US dot com crews? Still on the? Scene, of an accident westbound ninety six express at Schaefer it is on the right shoulder and there is a building fire..
"fiat chrysler" Discussed on KTRH
"Close watch on what's going on with Sergio Marchionni who's the CEO of Chrysler went in for surgery this, week and I regret. That I never got to meet the gentleman that something went terribly wrong in the operation in, boy Looking at reading between the lines of the Fiat Chrysler press releases that are coming out it's not good there's no question he's not returning to work they've named, a replacement for. Him at Fiat Chrysler in within the last few minutes they have named replacement for. Him as the CEO of Ferrari which falls under FCA but as but they never. Lumped in with VR. Chrysler and all the other companies that are out there so a little bit of a sad day today, and for me personally. We lost a Dallas police officer this morning and if you've been reading my true stories about True stories from a former car dealer That was topic that I wrote on just a few weeks ago about police officers because I used to be one and what happens when one passes. And we saw that today as well so We'll continue that's what everybody wants to do and we start back with Steve in Redondo Beach California Steve. Welcome Hi. Jerry buddy I am sixty. Eight year old single guy and. Fortunately I have two cards which I love dearly, fasten, your seatbelts Nineteen. Eighty three dots, and two eighty..
"fiat chrysler" Discussed on AP News
"Fiat chrysler is warning four point eight million drivers not to use the cruise control the company says in rare circumstances drivers of certain vehicles may not be able to turn the cruise control off fiat chrysler is recalling fifteen jeep dodge chrysler and ram models in the us from six model years models and other countries are also affected the company says the problem can be fixed with a software update fiat chrysler says the problem can occur it's a cruise control accelerates at the same time an electrical shortcircuit happens but the brakes are designed to overpower the gin and the vehicles could still be stopped shifting into park would cancel the proves the problem was found in testing and the company says there are no reports of crashes or injuries french president emmanuel macron wants tech leaders to invest in france speaking partly in english in front of ceos and other tech industry leaders on thursday microns said his innovation policies aimed to make france the gateway to europe the speech at the vivid tech trade show came a day after macron met facebook microsoft uber ibm and other ceos to discuss personal data protection and taxes the french president pushed for tougher e regulations and a european digital tax privacy was another issue macron race as a tough new european data protection law comes into effect this week the socalled gdp are regulation will give european more control over what companies can do with what they post search and click comedian tina fey made a surprise visit to her former pennsylvania high school this past week district officials they faith stopped by upper darby high school in upper darby on wednesday to film a promotional video for her broadway musical mean girls faye graduated from upper derby in nineteen eighty eight and she'd previously said her time there loosely inspired the two thousand four mean girls film face spoke with students who had seen the musical during her visit and she was serenaded by the school's encore singers.
"fiat chrysler" Discussed on KOMO
"Fiat chrysler is recalling more than five point three million vehicles in the us canada and elsewhere because in rare but terrifying circumstances drivers may not be able to turn off the cruise control companies warning owners not to us cruise control until the cars suv's and trucks it'd be fixed with a software update the chrysler says the problem was discovered in testing company says it has no reports of crashes or injuries we check your money at twenty and fifty past the hour on komo news here are your political insights from abc news just a day after president trump said he'd called off his meeting with north korea's leader kim jong hoon citing tremendous anger and open hostility by the regime decided to terminate the plan summit in singapore on june twelfth that meeting between president trump and kim jong un maybe back on again we'll see what happens well we're talking to them now they very much want to do it we'd like to do a defense secretary mattis says this back and forth between president trump and north korea's leader kim jong hoon is typical give and take trying to put together big summits and diplomats are still work and while the country's work things out mattis says the us will not ramp up military exercises in the region he adds the us military's posture has not been affected in any way because of the canceled summit those are your political insights stephanie ramos abc news washington president trump addressed the naval academy commencement in an apple is maryland friday congratulating the us naval academy class of two thousand eighteen shaking the hand of each graduating officer abc's karen travers has details in trump told the graduates of the us naval academy there is a great reawakening of the american spirit and might and that's being noticed around the world our country has regained the respect that we used to have long ago abroad the president said he's focused on rebuilding the us military.
"fiat chrysler" Discussed on KYW Newsradio 1060
"Fiat chrysler have started the year with solid earnings more from ww reporter jeff gilbert in detroit strong jeep sales help chrysler pushed their first quarter profits up to one point two billion dollars gm's falling from last year to one point one billion chief financial officer check stevens says there in the middle of a costly launch of new pickup trucks the solid performance especially when you think about the plan downtime for fullsized pickups gm also impacted by the cost of turning around money losing operations in south korea jeff gilbert four cbs news detroit now the business report with jeff bellinger bloomberg business initial reaction to amazon's quarterly results was positive shares of the online superstore rose in extended trading amazon's first quarter profit topped forecasts so did the company's second quarter outlook more people are subscribing to amazon prime and the cloud computing division is doing well wall street saw thirsty rally the dow jones industrials and the s and p five hundred both rose one percent the nasdaq closed one point six percent higher for ford will rely more heavily on pickups and sport utility vehicles to produce prophets the automaker will drop several sedans including the taurus and fusion from its portfolio in four years ford's only cars will be the mustang and the focus increases in gasoline prices are making people a little less upbeat about the economy bloomberg's consumer comfort index eased last week and digital documents may be here to stay but nine out of ten consumers surveyed by fedex office say there will always be a need for printed material i'm jeff bellinger bloomberg business for kyw newsradio business reports on kyw newsradio.