DETROIT, Jan 29 (Reuters) – Ford Motor Co on Thursday
said it would keep relying on North America for its profit this
year as the No. 2 U.S. automaker signaled that losses in Europe
would be more than previously forecast.
Ford had previously estimated losses from Europe at about
$250 million in 2015. On Thursday, however, it backed away from
that forecast, saying the loss would narrow from $1 billion in
2014 but would be wider than previously thought.
MILAN/DETROIT, Jan 28 (Reuters) – Fiat Chrysler Automobiles
expects to turn profits in all regions this
year, but faces pressure to rev up its North American profit
engine to fund an ambitious overhaul of its Alfa Romeo and
For the first time since 2007, the company turned a profit
in Europe in the fourth quarter. The company’s strategy of
retooling idled factories in Italy to export the Jeep Renegade
small sport utility and other vehicles to the United States is
getting a lift from the slump of the euro against the dollar.
Jan 23 (Reuters) – Ford Motor Co said on Friday it was
taking a charge related to its Venezuelan operations that will
cut fourth-quarter net profit by $700 million, as companies
scramble to shield their bottom lines from the country’s
For more than a year Ford has said its ability to get auto
parts for its operations in Venezuela have been hampered by the
valuation of the Venezuelan bolivar, and made the accounting
change effective Dec. 31.
DETROIT, Jan 12 (Reuters) – Fiat Chrysler Automobiles
Chief Executive Sergio Marchionne said his
company is in talks with other automakers to share the costs of
developing new vehicles and technology, particularly to cut
greenhouse gas emissions, and called on the United States to
ease fuel economy targets for 2025.
“I think (automakers’) costs … (are) well in excess of
what I consider a mature industry to be able to afford,”
Marchionne told reporters at the Detroit auto show on Monday.
DETROIT (Reuters) – Jeep, the SUV brand that is key to Fiat Chrysler Automobiles’ (FCAU.N: Quote, Profile, Research, Stock Buzz) (FCHA.MI: Quote, Profile, Research, Stock Buzz) global expansion plans, narrowly met its goal of selling one million vehicles in 2014, the Jeep brand chief said on Tuesday.
Jeep’s worldwide sales were 1,017,019 last year, up 39 percent from 2013 and a record for the brand.
DETROIT (Reuters) – BMW (BMWG.DE: Quote, Profile, Research, Stock Buzz) on Monday regained bragging rights as the top-selling luxury brand in the United States, ending the one-year reign of German rival Mercedes.
BMW ended with a lead last year of more than 9,000 vehicles over Mercedes-Benz, which in 2013 seized a title BMW had held for the previous two years.
DETROIT (Reuters) – Fiat Chrysler Automobiles (FCAU.N: Quote, Profile, Research, Stock Buzz) (FCHA.MI: Quote, Profile, Research, Stock Buzz) said its U.S. sales rose 20 percent on strong Jeep SUV and pickup truck sales but still missed expectations of analysts.
FCA’s sales of 193,261 for the month were the highest for the company once known as Chrysler since 2006. Analysts polled by Reuters had expected FCA’s sales to be about 196,500 vehicles.
DETROIT, Jan 5 (Reuters) – Fiat Chrysler Automobiles
said its U.S. sales rose 20 percent on strong
Jeep SUV and pickup truck sales but still missed expectations of
FCA’s sales of 193,261 for the month were the highest for
the company once known as Chrysler since 2006. Analysts polled
by Reuters had expected FCA’s sales to be about 196,500
DETROIT (Reuters) – BMW on Monday said it has
expanded a U.S. regional recall for certain vehicles with
driver-side air bag inflators made by Takata Corp to
cover the entire country, following the lead of four rivals that
have taken similar steps.
The National Highway Traffic Safety Administration has urged
the carmakers to broaden the recall beyond a limited area with
high humidity and they have gradually followed suit.
DETROIT (Reuters) – Ford Motor Co (F.N: Quote, Profile, Research, Stock Buzz) hopes to get a fresh start and erase bad memories for some owners when it launches the new version of its in-car, interactive touch-screen system next fall.
Ford said Sync 3 will be more intuitive, sport improved voice-recognition software and operate more like a smartphone than the first two generations, the last of which prompted customer complaints in Consumer Reports magazine for being distracting, clumsy and overly complex.