Fiat Chrysler once again finds itself in the legal doghouse after some of its investors filed a class-action suit, claiming the automaker deceived them by withholding information related to the safety and computer problems in millions of vehicles in order to inflate the price of company stock. [More]
Providing the opportunity for employees to obtain a college degree is a worthy intention. Just as Starbucks announced in 2014 that it would finance the college dreams of workers around the country, Fiat Chrysler has unveiled a similar program today. There’s only one slight difference: the university that Chrysler has partnered with is a for-profit college. [More]
The Insurance Institute for Highway Safety (better known as the people that get paid to smash cars into walls) recently put 11 mini cars — including well-known models like the Fiat 500, Honda Fit, Hyundai Accent, and Toyota Prius C — through its newest form of crash-testing. The results were not good, with only one of the tested vehicles earning an overall “Acceptable” rating. [More]
You might know the backstory behind some brand names — like that BMW stands for Bayerische Motoren Werke (or Bavarian Motor Works) or that CVS started as Consumer Value Stores. Look at you, smartypants. But what about LEGO? Or ASICS? LG, anyone? [More]
Yesterday we told you about the Walmart customer who didn’t understand why his local Walmart refused to change the oil in his 2012 Fiat 500. He was simply told it was because the car wasn’t in “the book.” We asked if anyone could shine some light on this issue — and you responded. [More]
For a few years in the ’90s, I was one of maybe three people (or at least that’s how it felt) in the entire U.S. with a Daihatsu (stop giggling; yeah, I mean you). It was a pain in the rear to get certain parts, but I never once had a problem getting the oil changed. Apparently, times have changed. [More]
Just think of those times you actually had to stop and buy hot coffee to later spill all over your lap in the car. That’s the worst, which is why Fiat is introducing espresso makers in its 500L model, so you can make your own hot beverage in the comfort of your vehicle, to then precariously balance while driving. Brings new meaning to the idea of a to-go coffee. [More]
Consumerist Talks To Jeep's CEO About Being The Most Reliable U.S. Auto Brand — But Still Middle Of The Pack
Yesterday, our gearhead cousins at Consumer Reports released the results of their Annual Auto Reliability Survey, which had Jeep jumping up seven spots from the previous year to become the top-ranked domestic brand, though it was still #13 overall. Soon after this news came out, we got the chance to speak to Jeep CEO Michael Manley about this mixed blessing [More]
Chrysler announced today that it plans on releasing an electric car for the U.S. market in 2012. The vehicle will be based on the Fiat 500EV, which Chrysler and its controlling owner, Italian car maker Fiat, showed off at the Detroit Auto Show earlier this year. [More]
What will the post-bankruptcy Chrysler mean for us, the car-buying public? Consumer Reports Cars has the info, including repair and warranty information, and a preview of the new models to come from Chrysler, Dodge, Jeep, and Fiat. One highlight is the teeny subcompact Fiat 500. [Consumer Reports Cars]
Fiat has completed their purchase of Chrysler, clearing the way for the troubled automaker to exit bankruptcy — but what will the new company look like for consumers? Well, according to BusinessWeek you may be visiting your local Fiat, Jeep, Dodge dealer.
On Sunday, a judge approved the sale of nearly all of Chrysler’s assets to a group led by Italy-based Fiat. [BBC]
Will A Merger Between Fiat and Chrysler Improve Reliability? Nah, probably not. [Consumer Reports]
President Obama announced today that Chrysler would seek bankruptcy protection and enter into an alliance with Fiat. The president told reporters that a “small group of speculators” made up of hedge funds and other investors held out in the hopes that the US government would bail them out. That didn’t happen.
It now seems much more likely that Chrysler will avoid bankruptcy. BusinessWeek says that Chrysler and the US Treasury have reached a deal with the banks and private equity firms that hold Chysler’s debt.
With a week to go before the deadline runs out on Chrysler’s bailout — it’s looking less and less likely that the automaker will be saved from liquidation.
In accordance with the March 31st deadline for evaluating the restructuring plans of the bailed out automakers, President Obama is expected to address the nation today to present his administration’s findings — and the news isn’t too sunny for the automakers.
The Wall Street Journal is reporting that Italy’s Fiat will take a stake in Chrysler that may lead to a takeover — as soon as today.