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Discussion Starter #101
Chrysler Group Announces Management Changes

Chrysler Group Announces Management Changes


October 28, 2014 , Auburn Hills, Mich. -



Chrysler Group LLC today appointed Matthew Liddane as Head of Quality in North America. Liddane previously was Vice President – Systems and Components for Chrysler Group. The appointment is effective immediately.

Liddane replaces Doug Betts who left the Company to pursue other interests.

Liddane joined the former Chrysler Corporation in 1987 and has held a series of engineering positions with increasing responsibility including Chief Engineer Jeep Product Team and Vehicle Line Executive – CUSW platform.
 

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Discussion Starter #102
Third-quarter 2014 net income

CHRYSLER GROUP REPORTS THIRD-QUARTER 2014 NET INCOME OF $611 MILLION, UP 32 PERCENT FROM A YEAR AGO
MODIFIED OPERATING PROFIT WAS $946 MILLION, UP 10 PERCENT FROM THE PRIOR YEAR; FREE CASH FLOW WAS $412 MILLION


Chrysler Group reported net income of $611 million in the third quarter, up 32 percent from a year ago
Net revenue for the third quarter was $20.7 billion, up 18 percent from a year ago
Modified Operating Profit(b) grew 10 percent to $946 million for the quarter, from $862 million a year earlier
Free Cash Flow(e) for the quarter was positive $412 million, up from negative $343 million a year ago
Cash(d) at Sept. 30, 2014, was $13.6 billion
Net Industrial Cash(f) at the end of the quarter was $680 million, up from Net Industrial Cash of $331 million at June 30, 2014, and Net Industrial Debt(f) of $888 million at Sept. 30, 2013
Worldwide vehicle shipments were 700,000 for the quarter, up 18 percent from 593,000 a year ago
Worldwide vehicle sales for the quarter were 711,000, up 18 percent from 603,000 a year ago
U.S. market share was 12.3 percent for the quarter, up from 11.2 percent a year ago; market share in Canada was 14.9 percent for the quarter, up from 14.3 percent a year ago
Full-year 2014 guidance is confirmed


November 5, 2014 , Auburn Hills, Mich. -

Chrysler Group LLC today reported preliminary financial results for the third quarter and the first nine months of 2014, including net income of $611 million for the quarter, up 32 percent from $464 million in the same quarter a year ago.

Adjusted Net Income(a) for the first nine months of 2014 was $1.7 billion, up from $1.2 billion in the first nine months of 2013. The Adjusted Net Income of $1.7 billion excludes the unfavorable effects of infrequent items recorded in the first quarter of 2014, related to the Company’s prepayment of a note held by the UAW Retiree Medical Benefits Trust (VEBA Trust Note) and a charge for commitments associated with the January memorandum of understanding signed with the UAW. Including the infrequent items, net income for the first nine months of 2014 was $540 million.

Net revenue for the third quarter was $20.7 billion, up 18 percent from $17.6 billion a year ago. Net revenue for the first nine months of the year was $60.1 billion, up from $50.9 billion a year ago. The increase in third-quarter year-over-year revenues was driven by higher shipments, in particular from the all-new Jeep Cherokee and all-new Chrysler 200.

Modified Operating Profit was $946 million in the third quarter, or 4.6 percent of net revenue, up 10 percent from $862 million in the prior-year period. The increase was mainly the result of higher shipment volumes, improved net pricing and purchasing efficiencies, partially offset by higher industrial costs due to vehicle content enhancements and higher warranty costs, principally due to recall campaigns. Modified Operating Profit for the first nine months of 2014 was $2.5 billion, or 4.2 percent of net revenue, up from $2.1 billion in the first nine months of 2013.
 

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Discussion Starter #103
Marchionne Boosts Fiat Chrysler Stake

Marchionne Boosts Fiat Chrysler Stake 80% With Options

Nov. 5 2014

(Bloomberg) --- Fiat Chrysler Automobiles NV (FCA) Chief Executive Officer Sergio Marchionne increased his holding in the carmaker by almost 80 percent as he exercised his remaining stock options in the carmaker.

Marchionne owns 12.1 million shares in FCA, valued at $134 million at yesterday’s closing price in New York, after exercising options on Nov. 3 for 10.7 million shares and selling part of them “for the sole purpose of funding the strike price and meeting the relevant tax liabilities,” Fiat said late yesterday in a statement. He held 6.8 million shares before the transaction.

The purchase makes Marchionne the fifth-largest shareholder in the auto manufacturer, according to data compiled by Bloomberg. The CEO created the London-based company from Italy’s Fiat and American carmaker Chrysler in an effort to reach the scale to take on industry leaders General Motors Co. (GM), Volkswagen AG and Toyota Motor Corp. (7203)

Marchionne made about 10.7 million euros ($13.4 million) last week from a jump in Fiat Chrysler’s share price after he announced a plan to spin off super-car maker Ferrari, according to filings posted yesterday on the website of Dutch financial-markets regulator AFM. Those stock options would have expired at the beginning of November.

Fiat Chrysler shares in Milan surged 13 percent on Oct. 29 after the company announced plans to sell 10 percent of Ferrari to investors and distribute the rest of its holding to its own shareholders. The spinoff of the maker of the $319,000 F12berlinetta underpins Fiat Chrysler’s plan to raise about 4 billion euros by creating demand for a mandatory convertible bond and a share sale.

Marchionne, 62, who has said he plans to leave Fiat after implementing a 48 billion-euro investment plan that’s due to run until 2018, is also entitled to receive stock grants as part of a 2012 remuneration plan.
SOURCE
 

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Discussion Starter #104
Chrysler Group LLC Announces New Company Name: FCA US LLC

Chrysler Group LLC Announces New Company Name: FCA US LLC
U.S.-based Automaker’s New Name Aligns With Global Parent


December 16, 2014 , Auburn Hills, Mich. -

Chrysler Group LLC, the Auburn Hills, Michigan-based automaker, today announced that it has changed its company name to FCA US LLC.

The name change is effective immediately and follows the naming convention of its global parent company, Fiat Chrysler Automobiles N.V. (FCA), which officially adopted its new name in October when it listed on the New York Stock Exchange.

The name change to FCA US LLC does not affect the company’s headquarters location in Auburn Hills, Michigan, its holdings, management team, board or brands.

FCA US, together with parent FCA, continues to work toward the business plan presented on Investor Day in May 2014. Additionally, the Company remains proud of its joint heritage. FCA US continues to build upon the solid foundations first established by Walter P. Chrysler in 1925 as well as a rich Fiat heritage that dates from 1899.

FCA US employs more than 77,000 employees worldwide, with 96 percent of its workforce based in North America. FCA US operates 36 manufacturing facilities, including 23 in the United States, six in Canada and seven in Mexico.


About FCA US LLC

FCA US LLC is a North American automaker with a new name and a long history. Headquartered in Auburn Hills, Michigan, FCA US is a member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. FCA US designs, engineers, manufactures and sells vehicles under the Chrysler, Jeep, Dodge, Ram and FIAT brands as well as the SRT performance vehicle designation. The company also distributes the Alfa Romeo 4C model and Mopar products. FCA US is building upon the historic foundations of Chrysler, the innovative American automaker first established by Walter P. Chrysler in 1925; and Fiat, founded in Italy in 1899 by pioneering entrepreneurs, including Giovanni Agnelli.

FCA, the seventh-largest automaker in the world based on total annual vehicle sales, is an international automotive group. FCA is listed on the New York Stock Exchange under the symbol “FCAU" and on the Mercato Telematico Azionario under the symbol “FCA.”
 

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Discussion Starter #105
2014: A busy and transformational year




2014: A busy and transformational year

12/23/2014


Looking back on 2014, it was a busy and transformational year for FCA US LLC on the business side of things. We have a new name that better aligns us with our parent company, Fiat Chrysler Automobiles N.V. (FCA); we’ve become a wholly owned member of the FCA family; and we’ve raised capital to compete effectively with the world’s largest automakers.

For FCA US (formerly Chrysler Group LLC), the year’s journey was decided in January when we and our parent company, then Fiat S.p.A. (now FCA), announced agreements with the UAW and the VEBA Trust that would make FCA US a wholly owned subsidiary of FCA.

In February, a debt offering of about $4.8 billion to settle the VEBA Trust Note, satisfying the last of our commitments from 2009, was completed.

On May 6, FCA CEO Sergio Marchionne and the executive team publicly presented FCA’s new five-year business plan.

On Oct. 13, the official merger of Fiat S.p.A. with and into FCA took effect, and FCA began trading on the New York Stock Exchange as “FCAU.” It also trades on the Mercato Telematico Azionario in Milan, Italy, as “FCA.”

In December, FCA completed an offering of common shares and an offering of mandatory convertible securities that raised about $3.9 billion through U.S. markets. And that brings us to a new total.

More than $15 billion – including $8.7 billion this year − has been raised through U.S. financial markets by FCA and FCA US since May 2011, when the former Chrysler Group fully repaid, with interest, the loans that gave it its new start in 2009. For a number of reasons, quite an accomplishment carried out in just 44 months.

It’s been a busy time for us at FCA US with 56 consecutive months of year-over-year sales gains. Now we look forward. We have new challenges to pursue and journeys to undertake. We head into 2015 set on achieving the business plan that was outlined May 6.


Source
 

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Discussion Starter #106
Cinderella has Nothing on Chrysler

Former Chrysler group soars into new year

01/07/2015

Cinderella has nothing on Chrysler, which not only has a new name and new logo, but also managed to stun former critics with a comeback that many deemed impossible only five years ago.

FCA US LLC, the new name for the former Chrysler Group based in Auburn Hills, reported a 20 percent increase in U.S. sales, marking the best December sales since 2004.


“Our best December sales in a decade pushed our full-year sales over the 2-million unit threshold for our best annual sales since 2006,” said Reid Bigland, head of the company’s U.S. sales.

“Last year marked our fifth consecutive year of annual sales growth in the U.S., and once again, we were the fastest-growing automaker in the country,” he added.

Chrysler also posted record sales in Canada.

The strong sales in the U.S., which have produced 57 consecutive months of month-over-month sales increases, have been complemented by a boost in Chrysler sales abroad where the company’s Jeep vehicle has proven so popular.

FCA US has a difficult time keeping up with the demand.

“FCA Automobiles’ exceptional results in the U.S. both in December and throughout 2014 have been driven by new products that have appealed to both FCA loyalists and owners of competitive makes,” noted IHS Automotive analyst Tom Libby.

Sergio Marchionne, chief executive officer of Fiat Chrysler Automobiles NV, which is now the parent company for the Italian-American enterprise, has said the goal of the merger was to create a global enterprise capable of competing with companies such as General Motors Co., Ford Motor Co., Volkswagen AG and Toyota not only in Europe and North America but also in Asia, particularly China, and South America.

For FCA US or what was once the Chrysler Group, the switch is only the latest of several changes in its legal status over the past 15 years starting in late 1998 when Chrysler Corp. emerged as the American branch of DaimlerChrysler AG. DaimlerChrysler then spun off Chrysler to Cerberus in 2007.

But within two years, the Chrysler Group, the company created after the split from DaimlerChrysler, had failed financially despite thousands of layoffs and major reductions in product development and engineering.

In the midst of the crisis, Fiat, the century-old Italian carmaker led by Marchionne, came in with the only serious offer for Chrysler’s business. But it wasn’t until January 2014 that Fiat gained complete control of Chrysler after buying out a block of shares that had been given to the Voluntary Employee Benefit Association or VEBA when Chrysler reorganized during the bankruptcy. The VEBA pays for the health care of Chrysler blue-collar retirees, who had been promised medical benefit through the company’s labor contracts with the United Auto Workers.

Since 2009, Fiat and Marchionne moved aggressively to rebuild the reputation of the company’s cars, trucks and sport utility vehicles in a bold effort to rebuild sales. Almost every vehicle sold under the Chrysler, Dodge or Jeep nameplates were given a complete makeover and Chrysler dealers were also given the option of picking up the Fiat brand, which was brought back to the U.S. for the first time in more than 30 years.

The process was slow but the effort has created a lot favorable buzz around Chrysler’s product line and drawn customers into showrooms across the country. The revamp of the company’s product line was supported by major investments in plants and equipment and new advertising.

For example, the Sterling Heights Assembly Plant, which, at one point, the company was prepared to abandon was completely renovated at a cost of $1 billion.

“The plant is a real Cinderella story,” Marchionne said during a visit to the Sterling Heights plant last year. “The revitalization of SHAP is an apt symbol of how far Chrysler has come because of the courage and resilience of our people.”

FCA US also recently started the renovation of its assembly plant in Windsor, Ont., across the river from Detroit. The Windsor plant is scheduled to produce a new line of minivans and crossover vehicles that will be introduced in 2016.

FCA US employs more than 77,000 employees worldwide, with 96 percent of its workforce based in North America. FCA US operates 36 manufacturing facilities, including 23 in the United States, six in Canada and seven in Mexico. The total includes the more nearly 14,000 engineers, designers, technicians and support and headquarters staff based in Auburn Hills, which is continuing to expand.

The comeback also has rebuilt FCA US’ finances.

For the third quarter ending Oct. 31, the automaker reported its net income increased by 32 percent to $611 million for the quarter of 2014 while revenue increased by 18 percent during the same period.

When all the numbers are in for 2014, FCA US’ vehicle shipments are expected to reach 2.9 million units, including more than 1 million Jeeps, and produce $80 billion in revenue. The modified operating profit for the full years should reach at least $3.7 billion, according to Richard Palmer, the Fiat Chrysler Automobile’s London-based chief financial officer.

Palmer told analysts that Chrysler profits increased despite the higher warranty costs of roughly $300 million driven by recall campaigns that hit every automaker last year.
SOURCE
 

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Discussion Starter #107


February 05 2015
The Truth Behind the Chrysler Bailout

Time has come to once and for all put to bed the urban legend that “Fiat SpA’s Sergio Marchionne gained control of Chrysler without spending a single dollar.”

Let’s set the record straight and not purposely forget such essential facts as: a) in June 2009, Chrysler’s value was zero, to say the least; b) at that time, nobody was lining up in front of Chrysler’s Auburn Hills, Michigan, headquarters interested in buying a single stake in the automaker; c) since 2009, Fiat has made massive investments into Chrysler, including contributing its intellectual property and welcoming tens of thousands of dedicated new hires into the fold. And can we, at long last, refrain from referencing the all-too-frequent, self-centered and hilarious interpretations of Chrysler by – among others – a failed contestant of the lengthy and highly-publicized three-way succession race for the coveted high throne at GE.

Fiat S.p.A. paid more than $5.6 billion to acquire the full ownership of Chrysler Group LLC, recently renamed FCA US LLC.

In detail, Fiat paid: $1.268 billion for an incremental equity call option, to acquire 16% of Chrysler; $500 million for the 6% formerly owned by the U.S. Treasury; $125 million to acquire the 1.5% formerly owned by the Canadian governments; $75 million to purchase the rights under an equity recapture agreement; and $3.65 billion to purchase the final 41.5% of equity interests in Chrysler Group that had been held by the UAW Retiree Medical Benefits Trust, also known as the VEBA.

Additionally, please note that Ron Bloom, formerly a special assistant to President Obama, in an interview with Detroit radio personality Paul W. Smith, stated: “When Chrysler, the new company, says: We paid back every penny we borrowed − that is 100 percent correct.”

This is the truth, plain and simple. All the rest is fiction, urban myth with the added and unsavory flavor of intellectual dishonesty.
 

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Discussion Starter #108
FCA Announces Executive Changes

FCA Announces Executive Changes

Appoints Gilles as Chief Designer
Names Fenzi COO Systems and CEO of Comau

April 1, 2015 , London -

Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MI: FCA) today announced that Ralph Gilles was named Head of Design and member of the FCA Group Executive Council (GEC). He currently leads the FCA North American Design Office as Senior Vice President, a position he was named to in June 2009. The GEC is the highest management-level decision making body within the FCA organization and is led by the FCA Chief Executive Officer (CEO).

Gilles succeeds Lorenzo Ramaciotti, who is retiring after several years of dedicated service with the Company. Ramaciotti will continue to lend his expertise to the group serving as a Special Advisor to the CEO.

“We extend our sincere appreciation to Lorenzo for his unwavering dedication, service, leadership and many contributions to the organization,” said Sergio Marchionne, Chief Executive Officer, Fiat Chrysler Automobiles N.V.

Gilles previously served as CEO – Motorsports; President and CEO – SRT Brand and CEO – Dodge Brand for FCA US in addition to his leadership role in Design. He joined the Company in 1992.

Gilles holds a Master of Business Administration from Michigan State University and a Bachelor of Fine Arts in Industrial Design from the College for Creative Studies in Detroit.

In addition, FCA announced that Mauro Fenzi is appointed Chief Operating Officer (COO) Systems and CEO of Comau. He also joins the FCA Group Product Committee.

Fenzi joined Comau in 2001 and has held a variety positions with increasing responsibility, most recently as Systems – Comau COO and Head of NAFTA Region. He graduated from the Politecnico of Milan with a degree in Mechanical Engineering.

Fenzi replaces Riccardo Tarantini, who will remain as Chief Operating Officer Castings.

Both appointments are effective immediately.
 

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Discussion Starter #109
Ralph V. Gilles

Ralph V. Gilles
Head of Design, Fiat Chrysler Automobiles N.V.
Ralph V. Gilles was appointed Head of Design, Fiat Chrysler Automobiles N.V. in April 2015.






Gilles has also served as the FCA - North America Senior Vice President - Product Design, President and Chief Executive Officer (CEO) - Motorsports; President and CEO - SRT Brand and President and CEO - Dodge brand for FCA US LLC. He was named Vice President - Design in September 2008.

Since first joining the Company in 1992 as a designer, Gilles has put his extensive academic background in industrial design and business administration to use, holding various positions within the Company, including:

2015 - current, Head of Design, Fiat Chrysler Automobiles N.V.
2011, President and CEO - Motorsports, FCA US LLC
2011, President and CEO - SRT Brand
2009, President and CEO - Dodge Brand
2009, Senior Vice President - Product Design, FCA - North America
2008, Vice President - Design, Chrysler LLC
2006, Vice President - Jeep®/Truck, Color and Trim Studios, and Specialty Vehicles, Chrysler LLC, DaimlerChrysler
2005, Director - Truck Exterior/Interior Design Studio
2001, Director - Design Office, Large Car Studio, Family Vehicles
1999, Senior Manager - Design Office, Studio 3
1998, Manager - Design Office, Jeep Interiors, Chrysler Corporation
1992, Designer - Design Office

Gilles is extremely active inside and outside the Company. He serves as the executive sponsor of the Chrysler African American Network (CAAN) in addition to playing a supporting role with The Chrysler Global Diversity Council. He also serves on the board of McLaren Oakland in Pontiac, Mich. At his alma mater, The College for Creative Studies (CCS) in Detroit, Gilles serves on The CCS Board of Trustees and The CCS Capital Committee.

An avid car enthusiast who enjoys spending time at the track, go-karting and watching Formula 1 auto racing, Gilles has participated in the Targa Newfoundland Rally, the Car and Driver One Lap of America and the SRT Viper Cup Series. In addition, he has frequently served as a judge at Pebble Beach, Meadow Brook and Cranbrook Concours events, along with the EyesOn Design car show.

Gilles has earned numerous academic and industry awards, including: The Michigan State University Eli Broad Graduate School of Management Young Alumni Achievement Award, The Automotive Hall of Fame Young Leadership & Excellence Award, NV Magazine Innovation Award, Black Engineer of the Year President’s Award and N’Digo Foundation N’Design Award.

Gilles holds a Master of Business Administration from Michigan State University (2002) and a Bachelor of Fine Arts in Industrial Design from the College for Creative Studies in Detroit (1992).

Gilles was born in New York City.
 

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Discussion Starter #110
Fiat Chrysler closes $3 billion bond offering

Fiat Chrysler closes $3 billion bond offering

04/15/2015


Fiat Chrysler Automobiles NV on Tuesday closed its previously announced $3 billion bond offering.

The closure comes less than a week after the automaker initially declared the offering of unsecured senior bonds and two days before the automaker's annual shareholders meeting in Amsterdam.

Proceeds from the offering, according to the company, may be used to repay or refinance outstanding debt of the former Chrysler Group LLC, now known as FCA US LLC — a fully-owned subsidiary of Fiat Chrysler.


FCA US debt totaled $12.8 billion to end 2014, up $500 million from the previous year. The increase was primarily due to the company refinancing bonds in connection to gaining full control of Chrysler from a United Auto Workers union trust fund that owned 41.5 percent of the automaker as a result of its 2009 bankruptcy.

Fiat Chrysler said it sold $1.5 billion in bonds at a 4.5 percent rate that are payable on or before 2020. The other $1.5 billion was at a 5.25 percent interest rate that are payable on or before 2023.

Following completion of the offering, the company said FCA US took steps to notify bond holders that next month it will pay off bonds due in 2019.

According to its 2014 annual report, FCA US had $10.9 billion in loans and secured senior notes due through 2021: $3.1 billion due in 2017; $1.7 billion due in 2018; $2.9 billion due in 2019; and $3.2 billion due in 2021. It also had another $1.9 billion in other financial liabilities.

Fiat Chrysler CEO Sergio Marchionne has said he would like to pay off the debt of FCA US debt as soon as possible to lift restrictions on how the company can allocate its capital.

For 2015, Fiat Chrysler expects shipments of 4.8 million-5 million cars and trucks, up from 4.6 million in 2014; net income of 1 billion-1.2 billion euro ($1.14 billion-$1.36 billion); earnings before interest payments and income taxes (EBIT) in the range of 4.1 billion-4.5 billion euros ($4.6 billion-$5.1 billion); and net revenue of 108 billion euros ($122.7 billion).

"We will work towards the achievement of these targets with the same spirit that has brought us this far and with respect for the diversity of experiences and cultures that coexist, both inside and outside the Group," Marchionne said in a letter as part of the automaker's 2014 annual report.

During the annual shareholder meeting, officials are scheduled to discuss the annual report and re-appoint executive and non-executive directors as well as other routine business operations.
SOURCE
 

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Discussion Starter #111
FCA US Recognized

FCA US Recognized as Health, Safety and Energy Leader in Automotive Manufacturing

More manufacturing facilities certified in both ISO 50001 and OHSAS 18001 than any other automotive company in North America
Thirty-one sites certified in 24 months
Certified facilities account for 98 percent of manufacturing’s total energy usage
Plants reduced injuries by 33 percent and energy consumption per vehicle by 8 percent in one year
Certifications build on core values of World Class Manufacturing methodology

April 27, 2015 , Auburn Hills, Mich. -



FCA US LLC has achieved a significant milestone by having the most manufacturing facilities certified in both Occupational Health and Safety Assessment Series (OHSAS) 18001:2007 and International Organization for Standardization (ISO) 50001:2011 of any North American automotive company.

Thirty-one facilities across the U.S., Canada and Mexico were evaluated in less than 24 months by an accredited, third-party certification body. Recognized internationally, OHSAS 18001 focuses on worker health and safety, and ISO 50001 focuses on energy management and conservation.

“FCA US is proud to lead the automotive industry in North America with these health, safety and energy certifications,” said Greg Rose, Director - Environment, Health & Safety (EHS), FCA North America. “This is a significant achievement that would not have been possible without the continued support, dedication and hard work of our plant employees.”

In 2013, the FCA US Sustainability Plan established a company-wide goal to certify plants operating in 2012 to both OHSAS 18001 and ISO 50001 standards by December 2014. Through a collaborative effort, the corporate EHS and energy groups worked with cross-functional teams at the plants to develop a systematic approach to achieving this goal by integrating the Company’s manufacturing methodology, World Class Manufacturing (WCM).

WCM is a comprehensive operating system covering every aspect of manufacturing with a focus on reducing waste, increasing productivity, and improving quality and safety in a systematic and organized way. It also engages the workforce to provide and implement suggestions on how to improve their jobs and their plants.

The WCM methodology is organized into pillars, allowing for greater focus on and coordination in specific areas of manufacturing. The energy, environment and safety pillars support the Company’s efforts toward achieving its sustainability goals, as well as an integrated path toward ISO and OHSAS certification. WCM and ISO/OHSAS work together to help the plants eliminate workplace injuries and reduce company-wide energy usage, the ultimate objective of all programs. As a result of these efforts, FCA US manufacturing facilities in North America reduced injuries by 33 percent and energy consumption per vehicle by 8 percent in the program’s first year.

In order to sustain these certifications, each FCA US facility now conducts annual audits and is re-certified every three years by an external registrar. There are teams in place at each facility to ensure the benefits achieved by these standards are maintained.

“Our facilities are able to sustain the ISO and OHSAS certifications because employees are using consistent practices to maintain the standards in production and non-production capacities,” said Rose. “By changing how employees view their workplace, we increase the probability of a long-term commitment to these standards.”

OHSAS 18001 is an international standard with requirements for developing an occupational health and safety management system, helping organizations control health and safety risks while improving performance.

ISO 50001 includes globally recognized requirements for developing an energy management system, which is crucial in improving energy performance and reducing greenhouse gas emissions.

About FCA US LLC
FCA US LLC is a North American automaker with a new name and a long history. Headquartered in Auburn Hills, Michigan, FCA US is a member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. FCA US designs, engineers, manufactures and sells vehicles under the Chrysler, Jeep, Dodge, Ram and FIAT brands as well as the SRT performance vehicle designation. The company also distributes the Alfa Romeo 4C model and Mopar products. FCA US is building upon the historic foundations of Chrysler, the innovative American automaker first established by Walter P. Chrysler in 1925; and Fiat, founded in Italy in 1899 by pioneering entrepreneurs, including Giovanni Agnelli.

FCA, the seventh-largest automaker in the world based on total annual vehicle sales, is an international automotive group. FCA is listed on the New York Stock Exchange under the symbol “FCAU” and on the Mercato Telematico Azionario under the symbol “FCA.”
 

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Discussion Starter #112
FCA US will host a First-Quarter 2015 Financial Results Webcast

FCA US will host a First-Quarter 2015 Financial Results Webcast and Conference Call on May 7
May 1, 2015 , Auburn Hills, Mich. -

FCA US LLC will host a webcast and conference call to review and discuss first-quarter 2015 financial results on May 7, 2015, at 3 p.m. ET/ 8 p.m. UK/ 9 p.m. CET.

The call will include a presentation followed by a brief question-and-answer session.

To ensure that a spot is reserved for you, register in advance.

May 7 webcast access:
Live webcast: http://edge.media-server.com/m/p/8dgcc4wc
Conference call dial-in: Participants (U.S.): +1 (877) 303-3150
Participants (International): +1 (315) 625-3227

The presentation will be available in the Investor Relations section at FCA US LLC - Formerly Chrysler Group LLC prior to the conference call. A replay of the webcast will be available at the same location approximately 90 minutes after the call.
 

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Fiat Chrysler's U.S. unit redeems bonds due 2019 worth $2.875 billion

Fiat Chrysler's U.S. unit redeems bonds due 2019 worth $2.875 billion

05/16/2015

The U.S. unit of carmaker Fiat Chrysler Automobiles (FCA) has redeemed senior secured notes that mature in 2019 with a total face value of $2.875 billion, a filing with U.S. market regulator SEC showed.

MILAN - The U.S. unit of carmaker Fiat Chrysler Automobiles (FCA) has redeemed senior secured notes that mature in 2019 with a total face value of $2.875 billion, a filing with U.S. market regulator SEC showed.

The notes, which carry a coupon of 8 percent, were redeemed at a price equal to their principal amount plus the applicable premium and any accrued and unpaid interests, according to the filing.

Fiat completed the buyout of its U.S. unit last year but needs to refinance all of Chrysler's bonds and past credit agreements before it can gain full access to the unit's cash.

After this payment, FCA still has to repay or refinance Chrysler bonds due in 2021 and renegotiate other credit agreements.

Having full access to Chrysler's money will help FCA carry out an ambitious five-year investment plan that includes spending 48 billion euros ($55 billion) to 2018 to boost sales by 60 percent to 7 million cars and increase net profit five-fold.

($1 = 0.8733 euros)
SOURCE
 

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Discussion Starter #114
FCA stock closes ahead of Ford’s

FCA stock closes ahead of Ford’s for 2nd time in a week

May 19, 2015


Shares of Fiat Chrysler Automobiles NV closed up 13 cents to $15.60 a share on Tuesday, a dime higher than Ford Motor Co. — the second time this week that shares of the Auburn Hills automaker have topped its Dearborn rival.

Ford stock was down 8 cents Tuesday, dropping 2.6 percent during the past year, while FCA’s stock has gained nearly 75 percent since its Oct. 13 debut on the New York Stock Exchange. This week marks the first time since the listing that FCA’s stock has surpassed Ford’s.


Analysts say the stock price jump doesn’t mean much, since Ford’s market capitalization remains far ahead of FCA’s.

Ford’s relatively low stock price raised at least one question at Ford’s annual shareholders meeting last week in Delaware, but analysts remain optimistic about Ford’s fortunes through the rest of the year.

“They’ve had some medium-term pain because of some launch costs for some products,” said David Whiston, a senior equity analyst with Morningstar Inc. “But I think going forward, including this year, Ford has a lot of potential for some nice upside.”

That potential hinges on Ford’s most profitable vehicle, the new F-150 pickup. The automaker will reach full production at its two F-150 plants by the end of this quarter. Whiston said that, coupled with new models of the Edge and Lincoln MKX will help boost profit margins and stock price.

“I think things will start to change during the end of the summer,” said Barclays analyst Brian Johnson.

During Ford’s shareholders meeting, Roger Heymann, a shareholder from Rockville, Maryland, voiced concern over the company’s stock price. Executive Chairman Bill Ford responded by saying he checks the stock price daily, if not hourly.

“We’re on track for a very good year,” Ford said. “I believe the stock price will take care of itself.”

Efraim Levy, equity analyst at S&P Capital IQ, said in a recent note to investors that FCA’s stock should perform well, as profit and margins expand in 2015.

SOURCE
 

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FCA US Names Shagena Head of Employee Relations



June 9, 2015 , Auburn Hills, Mich. -

FCA US today announced the appointment of Glenn Shagena as the Head of Employee Relations for North America. Most recently, Shagena served as Head of FCA Mexico Human Resources. Al Iacobelli has announced his plans to retire from the Company. Both are effective immediately.

Prior to his most recent position, Shagena was Human Resources Director, Manufacturing and World Class Manufacturing (WCM), where he was responsible for heading up labor relations efforts, including the rollout of WCM, at all of the Company’s manufacturing operations. As such, he has played a key role on the Company’s negotiations teams.

Shagena joined the Company in 1985 in the Company’s Labor Relations department working at the Sterling Heights Assembly Plant (Sterling Heights, Mich.). Since then, he has held a series of positions with increasing responsibilities in Employee Relations and Human Resources including Human Resources for Vehicle Engineering and separately, Manufacturing.

He is a graduate of the University of Pennsylvania with a Bachelor’s degree in Economics. He holds a Master’s degree in Organization/HR Development from Case Western Reserve University.
 

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FCA Announces Management Changes

FCA Announces Management Changes

July 22, 2015 , Auburn Hills, Mich. -

FCA announced today that John Kett, General Manager of the Fiat Chrysler Automobiles APAC region, is leaving the organization to pursue other interests. On an interim basis, Mike Manley, Chief Operating Officer, APAC Region and President and CEO Jeep Brand, will assume Kett's responsibilities with the assistance of his other executives in the region, to support the China growth strategy.

“China is an important area of growth for our brand and our business and has grown into the number one Jeep market outside of the United States. We appreciate the contributions made by John in that regard and we will continue to deepen our relationship with our joint venture partner, GAC, to support that strategy,” said Manley.

The changes are effective immediately.
 

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Breneiser Named Head of Product Planning for FCA US

Breneiser Named Head of Product Planning for FCA US

September 1, 2015 , Auburn Hills, Mich. -



FCA US LLC today announced Todd Breneiser was appointed NAFTA Head of Product Planning, effective immediately. In this position, Breneiser is responsible for research and planning of all future vehicles in the North American market. He also is named to the FCA US Leadership Team with this appointment. Benjamin Winter, who previously held the role, is assigned Vehicle Line Executive for the C/D Segment.

In his previous role, Breneiser was Director – Portfolio Planning, Product Planning. Prior to that, he held various roles in the Product Planning department.

Breneiser joined Chrysler in 1992 as part of the Chrysler Institute of Engineering, the company’s highly successful rotational program for incoming engineers. He has held positions of increasing responsibility in the engineering, manufacturing and finance organizations.

Breneiser holds a Master of Business Administration and a Master of Systems Engineering from the University of Michigan – Dearborn. He also holds a Bachelor of Science degree in Manufacturing Engineering from General Motors Institute (now Kettering University).
 

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FCA US Announces Leadership Change

FCA US Announces Leadership Change
October 2, 2015 , Auburn Hills, Mich. -



FCA US today named Ryan Talbott Chief Information Officer for its NAFTA region. In addition, Talbott will be responsible for Information and Communication Technology (ICT) for the Company’s APAC region, where he oversees the regional team. The appointment is effective immediately.

Talbott replaces Scott Sandschafer who has decided to leave the company to pursue other interests.

“We wish to thank Scott for his leadership and many contributions to the organization and welcome Ryan to his new role,” said Sergio Marchionne, Chief Executive Officer, Fiat Chrysler Automobiles N.V.

Talbott joined FCA US in 2010 and has held a series of positions in the Company’s ICT department. Previously, he was with Accenture where he focused on technology implementation for various clients.

Talbott holds a Bachelor of Business Administration degree from the University of Illinois at Urbana-Champaign.
 

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FCA US Announces Leadership Changes

FCA US Announces Leadership Changes



AUBURN HILLS, Mich., Oct. 5, 2015 /PRNewswire/ --

FCA US today announced several leadership team moves in support of changes at the Fiat Chrysler Automobiles N.V. (FCA) Group Executive Council (GEC) level. The moves were made to ensure proper representation of all of FCA's major brands on the GEC, the highest management level decision making body within the FCA organization.

Earlier today, the following moves were announced at the GEC level.

Mike Manley is appointed Head of Ram Brand. Manley will retain his current GEC responsibilities as APAC Chief Operating Officer and Head of Jeep Brand.
Reid Bigland is appointed Head of NAFTA Fleet. Bigland will continue his current GEC responsibility for NAFTA Sales & Alfa Romeo.
Timothy Kuniskis becomes a member of the GEC and assumes responsibility for NAFTA Passenger Car Brands, consisting of Dodge and SRT, Chrysler and FIAT.
In addition, the following appointments were made to the North American leadership team.

Robert Hegbloom continues as Head of Ram Brand for North America, now reporting to Manley.
Alistair (Al) Gardner continues in his role as Head of Network Development for North America, reporting to Sergio Marchionne, Chief Operating Officer, FCA – North America.
Jason Stoicevich is appointed Head of Fleet Operations and Small Business Sales for the U.S., reporting to Bigland. Stoicevich continues in his current responsibility for the California Business Center.
All appointments are effective immediately.
 

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FCA interior-design chief Busse heads back to Europe

FCA interior-design chief Busse heads back to Europe

10/14/2015



DETROIT — The management shakeup atop Fiat Chrysler continues, as one of the automaker’s most successful designers heads back to his home continent for a new role overseeing design for Maserati, Fiat, Abarth and Alfa Romeo.

Klaus Busse -- the German-born executive who transformed the interiors of Chrysler, Jeep, Dodge and Ram vehicles -- is leaving the U.S. to shape Fiat Chrysler’s European brands, a spokesman said. He will be replaced by Christopher Benjamin, a former Volvo designer who crafted the interior of the 2015 Chrysler 300.


Busse, 45, becomes head of design for Fiat Chrysler Automobiles’ Europe, Middle East and Africa region, continuing to report to Ralph Gilles, who is FCA’s head of global design. He will also report to Alfredo Altavilla, FCA’s head of the EMEA region.

Busse announced the transfer on Twitter. It was reported earlier Tuesday by the Detroit Free Press. The move takes effect immediately.

Busse came to Auburn Hills for the former DaimlerChrysler AG in 2005 with his wife and two sons. It was supposed to be a two-year stint. But he remained with Chrysler Group when it was shed by its German owner two years later and stayed through its 2009 bankruptcy and rescue by Italy’s Fiat.

In 2013, Busse became the first interior designer to ever be named an Automotive News All-Star for design.

The tall, lanky German left a direct mark throughout FCA’s U.S. vehicle lineup – especially on doors, steering wheels, instrument clusters and other parts that are touched by occupants. He also created the radically different interior that debuted on the 2009 Ram pickup.

In other vehicles, Busse worked with a closely knit team of interior designers who took chances that paid off, such as the interior of the 2015 Chrysler 200 and Dodge Challenger. He traveled the world searching for inspiration and colors, always leaning toward natural hues and contrasts that pleased the eye.

He also encouraged his designers to incorporate “Easter eggs” into their designs, especially with Jeeps. As a result, Jeeps headlamps, wheel rims and windshields are branded with small, subtle images of Jeep’s iconic seven-slot grill or a 1942 Willys MB climbing a rock.

Busse’s departure is the latest in a string of management changes at FCA over the last 10 days. They include the resignations of Saad Chehab, the former head of the Chrysler brand, and Jason Stoicevich, the former North American head of Fiat.

FCA also reorganized its brand structure in North America, placing Dodge head Tim Kuniskis atop Dodge, Chrysler and Fiat, and giving Jeep head Mike Manley some responsibility to oversee the Ram brand.
SOURCE
 
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