williamyf writes: This puts Alfa Romeo, Citroen, Chrysler, Dodge, DS, Fiat, Jeep, Maserati, Opel, Peugeot, Ram, and Vauxhall under a single corporate parent and merges operations. PSA Group boss Carlos Tavares will be CEO of the 11-person board, with FCA’s John Elkann as chair. Fiat Chrysler and PSA said that the 50:50 merger should save more than $4 billion a year…
Tag: Fiat Chrysler
French Startup Transition-One Plans a $5,600 Electric Makeover For Your Old Diesel Car
An anonymous reader quotes a report from Bloomberg: About 5,000 euros ($5,600) are set to buy your 10-year-old combustion clunker an electric makeover — and offer a cut-price way to avoid driving bans across European cities. French startup Transition-One has developed retrofitting technology that adds an electric engine, batteries and a connected dashboard into older models of Fiat Chrysler Automobiles NV,…
GM and Fiat Chrysler Unmasked As Tesla’s Secret Source of Cash
For years, Tesla has hauled in revenue by selling credits to other carmakers that needed to offset sales of polluting vehicles to U.S. consumers. While these transactions have largely been shrouded in secrecy, Bloomberg reports that General Motors and Fiat Chrysler have recently disclosed to the state that they reached agreements to buy federal greenhouse gas credits from Tesla. The filings…