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FCA chairman confirms Marchionne email to Barra

FCA CEO Sergio Marchionne is apparently backing up his talk about the need for consolidation in the auto industry with quite a bit of action. One recent report claimed that he even emailed General Motors CEO Mary Barra to make a deal. FCA chairman John Elkann has now confirmed that the correspondence actually happened, and that it wasn't a one-off occurrence. "It was not the only email, it was not the only conversation," Elkann (pictured above with Marchionne) said, according to Reuters. He is a member of the Agnelli family that has a controlling stake in FCA's stock and is supporting the idea of a merger. The automaker is willing to "act with determination if there are the prerequisites to do something that makes sense," Elkann said. Marchionne has been pushing for industry consolidation for months. While GM has been the main target of late, Ford was also rumored as a partner under consideration. In the past, there have also been reports of FCA negotiating with Volkswagen Group and PSA Peugeot Citroen for mergers, as well. According to Reuters, part of the reason for all of this effort might be as a way for Marchionne to ensure his legacy, though he's denied that. He's reportedly considering retiring after 2018. In his opinion, consolidation is needed because automakers are investing too much money to achieve the same goals. The situation would be better after mergers, and he predicts something to happen before 2018. Related Video: News Source: ReutersImage Credit: Massimo Pinca / AP Photo Earnings/Financials Chrysler Fiat Sergio Marchionne FCA merger John Elkann

Hybrid and Electric Jeeps, Fiats, and Alfa Romeos to be built in Poland

WARSAW - Fiat Chrysler will invest more than $200 million in its plant in Tychy in Poland, where new hybrid and electric Jeep, Fiat and Alfa Romeo models will be built, Deputy Prime Minister Jaroslaw Gowin said on Tuesday. The investment comes as a boost to emerging Europe's largest economy, which is hoping a switch to electric vehicles can help its auto sector catch up with regional rivals including the Czech Republic and Slovakia. "Modern, hybrid and electric cars of the Jeep, Fiat and Alfa Romeo brands will start to leave the factory in Tychy in 2022," Gowin wrote on Twitter. Gowin said there could be further investment in the plant in future but gave no details. Fiat Chrysler, which is planning a $38 billion merger with French rival PSA to create the world's No.4 carmaker, said in a statement that early preparations for the expansion and modernization of the plant started in late 2020. The plant in Poland's industrial southern region of Silesia is one of the company's largest and currently employs around 2,500 people. Fiat Chrysler confirmed that new hybrid and electric Jeep, Fiat and Alfa Romeo models would be built in Tychy. It said the aim was to start mass production of the first of the three new passenger car models for the group's brands in the second half of 2022. Under a 2018-2022 plan, FCA pledged to invest 9 billion euros in electrification as part of investment plans totaling 45 billion euros. (Reporting by Alan Charlish and Agnieszka Barteczko in Warsaw, Silvia Recchimuzzi in Gdansk; editing by Jason Neely and Susan Fenton) Auto News Government/Legal Green Plants/Manufacturing Alfa Romeo Fiat Jeep Green Automakers Electric Future Vehicles Hybrid

Swatch unleashes fleet of Fiats to sell MoonSwatches across the U.S.

The Omega Speedmaster is one of the most sought-after and iconic watches ever made, so it was no surprise when parent company Swatch got in on the action with a series of unique, entry-level quartz “MoonSwatch” collaboration watches. Buying the hot-selling bio-ceramic watches has been a chore, as Swatch only offers them in its limited number of stores. To help meet demand and promote the watches, the company is releasing a fleet of Fiat Cinquecentos to select locations where theyÂ’ll sell the timepieces on the streets. The MoonSwatch retails for $260, but their limited release pushed online resale “values” over $1,000 in some cases. The planet-themed watches arenÂ’t limited, but Swatch refuses to sell them online. The Fiat fleet will feature the same themes and visit cities around the country starting October 22. Swatch's “Mission to Mars” car will start its journey in Miami and hit other cities around Florida, while the “Mission to the Sun” Fiat will tour major metro areas in California. The blue “Mission to Neptune” car will visit locations in the Midwest. Though the tour began in July, the American portion doesnÂ’t start until this weekend. In all, eleven vehicles will travel the globe selling the watch. Swatch hasnÂ’t given out a set schedule and doesnÂ’t plan to, only saying that the cars will cover three regions in the United States. If you live in one of the regions listed, your best bet to snag a MoonSwatch is to keep your eyes peeled. Swatch also hasnÂ’t detailed which watch models each car will offer, so finding one doesnÂ’t guarantee youÂ’ll get the planet/color you want. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Weird Car News Fiat watch