Friday, 29 March 2024
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FCA has released a statement following the passing of auto executive Lee Iacocca, the man whose bold moves — including the introduction of the first minivans — helped lead the company through a period of crisis.

The statement reads as follows:

"
The Company is saddened by the news of Lee Iacocca's passing. He played a historic role in steering Chrysler through crisis and making it a true competitive force. He was one of the great leaders of our company and the auto industry as a whole. He also played a profound and tireless role on the national stage as a business statesman and philanthropist.


Lee gave us a mindset that still drives us today – one that is characterized by hard work, dedication and grit. We are committed to ensuring that Chrysler, now FCA, is such a company, an example of commitment and respect, known for excellence as well as for its contribution to society. His legacy is the resiliency and unshakeable faith in the future that live on in the men and women of FCA who strive every day to live up to the high standards he set."

Iacocca spent nearly five decades in the industry, including stints about both Ford and FCA, and is arguably the most recognized auto executive of the past 50 years.

Posted On Thursday, 04 July 2019 15:41 Written by
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CHARLOTTE, NORTH CAROLINA — After a successful decade of developing and producing the Ford Mustang RTR—as well as RTR’s line of aftermarket parts that compliment Mustang owners who want to stand out from the crowd—the new Ford F-150 RTR becomes RTR’s second publicly available vehicle model outfitted with RTR’s signature modern-aggressive design and enhanced performance that is available to consumers from RTR Vehicles. The F-150 RTR package is now available at select Ford dealers in regions where the F-150 is sold. The F-150 RTR launch follows the soon to be released collaboration with Ford performance, ‘The Series 1 Ford Mustang RTR Powered by Ford Performance’.

Inspired by the incredibly popular F-150 Ultimate Fun-Haver and the award-winning F-150 RTR Muscle Truck, the F-150 RTR joins the RTR Vehicles lineup for 2019. Available for all F-150 trim levels (excluding the Ford Raptor), the F-150 RTR increases the functionality and enhances the overall design; offering capability both on and off the road; having fun or making the daily commute.

 
“Ford’s Iconic F-150 has evolved into so much more than just a pickup truck, with diverse capability on and off road, great technology integration, serious towing capability and an interior that makes any travel with friends and family very comfortable,” said RTR Vehicles’ President and RTR’s resident Professional Fun-Haver, Vaughn Gittin Jr. “RTR felt the time was right for us to bring all the things our Mustang RTR owners have grown to love into the truck market. I cannot wait for my fellow truck lovers everywhere to see just how capable and fun the F-150 RTR is whether you are road tripping with the family, carrying supplies or shopping bags, doing some towing, enjoying the trails and roads less traveled, or spraying roost during some off-road excursions. The goal was to take the already impressive capabilities of the F-150 and enhance the owner and driving experience whether on or off-road.”

 

Posted On Tuesday, 23 April 2019 23:00 Written by
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Fiat Chrysler Automobiles has announced plans to invest a total of $4.5 billion in five of its existing Michigan plants, and to work with the city of Detroit and state of Michigan on building a new assembly plant within city limits. The move would increase capacity to meet growing demand for its Jeep and Ram brands, including production of two new Jeep-branded white space products, as well as electrified models. The proposed projects would create nearly 6,500 new jobs.

The plant actions detailed in the announcement represent the next steps in a U.S. manufacturing realignment that FCA began in 2016. In response to a shift in consumer demand toward SUVs and trucks, the Company discontinued compact car production and retooled plants in Illinois, Ohio and Michigan to make full use of available capacity to expand the Jeep and Ram brands. Those actions have resulted in the recent launches of the award-winning all-new Jeep Wrangler and all-new Ram 1500, and the introduction of the newest member of the Jeep family, the all-new Jeep Gladiator, at the 2018 Los Angeles Auto Show.

“Three years ago, FCA set a course to grow our profitability based on the strength of the Jeep and Ram brands by realigning our U.S. manufacturing operations,” said Mike Manley, Chief Executive Officer, FCA N.V. “Today’s announcement represents the next step in that strategy. It allows Jeep to enter two white space segments that offer significant margin opportunities and will enable new electrified Jeep products, including at least four plug-in hybrid vehicles and the flexibility to produce fully battery-electric vehicles.”The city of Detroit has 60 days to meet the terms of a Memorandum of Understanding, which requires the acquisition of property critical to the execution of the Mack project. The additional investments are subject to the successful negotiation and final approval of development packages with the state and other local governments.

Posted On Sunday, 03 March 2019 03:36 Written by
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Audi of America has won four Vincentric “Best Value in America” awards, including an overall brand award in the Luxury Car Brand category. This is the second time Audi has received this honor. Vincentric also awarded Audi three model-specific “Best Value in America Awards.” The 2019 Audi A7 was named winner in the Premium Luxury Large Sedan segment for the third time, while the Audi A6 was named winner in the Premium Luxury Mid-Size Sedan segment, and the 2019 Audi A5 Cabriolet received the award in the Luxury Convertible segment.  

In its 15th year, the Vincentric “Best Value in America Awards” determine value by measuring cost-of-ownership using eight different cost factors: depreciation, fees & taxes, financing, fuel, insurance, maintenance, opportunity cost and repairs. Using a statistical model, Vincentric identified the Best Value in America winners by measuring which vehicles had lower than expected ownership costs given their market segment and price. More than 3,000 vehicle configurations were evaluated in all 50 states plus D.C. using a range of annual mileage intervals and insurance profiles.

Posted On Tuesday, 05 February 2019 00:02 Written by
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With the automotive industry moving full speed ahead toward autonomous, electric and connected vehicles, the Financial Times (FT) will present an automotive summit featuring top industry talent designed to explore changes that are happening and how key players in the auto industry and related sectors can stay ahead of the curve.

The FT Future of the Car Summit USA will feature thought leaders in transportation, connectivity and mobility shedding light on the strategies and partnerships that should be adopted as emerging tech transforms the industry.

The FT Future of the Car Summit USA takes place November 8, 2018, at the Westin Book Cadillac, 1114 Washington Blvd. in Detroit from 8 a.m.-5 p.m.

Posted On Saturday, 06 October 2018 09:55 Written by
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