Urban Mobility
There are few automotive components as widely vilified these days as the nine-speed automatic transmissions being offered in several Fiat Chrysler models. Car critics and consumers alike have slammed what once seemed like a breakthrough gearbox for a litany of troubles since it debuted in the Jeep Cherokee in May 2014. Manufactured by Germany’s ZF, FCA is recalling the nine-speed
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A new Bloomberg report suggests Samsung is in talks with Fiat Chrysler to acquire some or all of parts-making subsidiary Magneti Marelli, which provides lighting, in-car entertainment and telematics to OEMs for use in their vehicles. The deal, which could be worth $3 billion according to Bloomberg’s sources, would help accelerate Samsung’s existing efforts to become a more important part
Read moreAutoNation Inc., the U.S.’s largest dealership chain, is scheduled to release its second-quarter earnings on Friday. Here’s what you need to know: EARNINGS FORECAST: Analysts expect AutoNation to report second-quarter operating earnings of $1.04 a share, up from $1 during the same period a year earlier. REVENUE FORECAST: The Fort Lauderdale, Fla., company is expected to post revenue in the
Read moreFiat Chrysler Automobiles NV’s longstanding streak of monthly U.S. sales increases actually ended nearly three years ago, the auto maker said Tuesday as it revised numbers to reflect a new reporting method it has adopted amid a federal investigation into allegations related to its U.S. sales numbers. Before the disclosure, the Italian-U.S. auto maker’s U.S. win streak was believed to
Read moreFederal authorities are investigating whether Fiat Chrysler Automobiles NV inflated sales reports, adding to mounting pressure on the Italian-U.S. auto maker and sharpening scrutiny of the way that car companies report their monthly volumes. The U.S. Justice Department and Securities and Exchange Commission are investigating allegations raised earlier this year by an Illinois car dealer who claimed the company manipulated
Read moreOne year after hackers showed they could control a moving Jeep, Fiat Chrysler Automobiles NV has a new solution to get computer whizzes to work more closely with it: pay them. The Italian-U. S. auto maker is launching a bug bounty program aimed at giving hackers between $150 and $1,500 every time they uncover potential cybersecurity flaws in its vehicles
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