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Fiat Chrysler CEO: No plans to sell brands to Chinese

DETROIT — Fiat Chrysler Automobiles (FCA) has no intention of breaking up the company or selling individual brands to China or other parties, the company's chief executive said on Monday at the Detroit Auto Show, adding that the group was counting on its coveted Jeep brand to drive future profits. "We're not going to break up anything," Chief Executive Sergio Marchionne said at a news conference at the Detroit Auto Show. "We have no intention of breaking it up and giving anything to the Chinese." Marchionne said the Jeep sport utility vehicle brand could help FCA double its net profit. FCA's portfolio also includes luxury Maseratis, sporty Alfa Romeos and tiny Fiats. FCA's share price has jumped more than 30 percent this year on a bullish outlook for the auto sector, Jeep growth expectations and speculation that Marchionne's final year at the helm could prompt strategic deals such as spinoffs, technology alliances and disposals. The popularity of the Jeep brand, which is targeting sales of 2 million vehicles this year, has prompted talk it could be spun off from the group, as happened with tractor maker CNH Industrial and supercar group Ferrari, or sold off. Rumors have resurfaced that Guangzhou Automobile Group might be interested in snapping up part of FCA. Marchionne said on Monday that while GAC has partnered to deliver Jeeps to the Chinese market and FCA is talking to the Chinese automaker about helping it enter the U.S. market, "none of these things are designed to impact on the independence of FCA." FCA has often been the subject of merger speculation, especially after its unsuccessful 2015 attempt to tie up with larger U.S. rival General Motors. Its share price jumped to record highs in August after reports of interest from China's Great Wall Motor Co and South Korea's Hyundai. Marchionne said while both Jeep and truck brand Ram are strong enough to exist on their own, "we need to talk about ... what will be left behind." Marchionne said he has recommended to the company's board that the automaker spin off Magneti Marelli, a maker of components for lighting, engines, electronics, suspension and exhausts, to shareholders by the end of 2018. Marchionne confirmed FCA's targets for 2017 and for 2018, including a plan to erase all debt and generate up to 5 billion euros ($6.14 billion) in net cash.

Jeep hiring 1,000 part-time workers in Toledo on Wrangler, Cherokee demand

The new Jeep Cherokee has been quite a success for Chrysler, but its factory workers are getting tired. The automaker has agreed to hire up to 1,000 part-time, temporary employees at its Toledo Assembly Complex where the CUV and Wrangler are built. It will allow the company to keep Jeep production moving, while giving laborers a break.
According to plant manager Chuck Padden in the Toledo Blade, full-time workers are regularly taking on 60 hours a week, and it's beginning to wear on them. "To get them more time off is important to us, to make sure they're refreshed, and can work safely," said Padden.
Chrysler has already hired 380 temporary, part-time workers for the plant, and 50 have been converted to full-time employees. The company is in the process of interviewing the rest of the new hires now and plans to have all 1,000 in place by the summer. They will work between 10 and 30 hours a week mostly on weekends for $15.78 per hour with limited benefits. The temporary positions will last "as long as demand continues for the Jeep Wrangler and the Jeep Cherokee," said Jodi Tinson, Chrysler spokesperson for manufacturing and labor communications, to Autoblog in an email.

Politician's funeral procession features pole dancers

A Taiwanese politician's racy funeral procession literally stopped traffic as it paraded dozens of scantily clad pole dancers through city streets last week. According to the Deccan Chronicle, beloved local politician Tung Hsiang passed away in December after decades of public service in the southern Taiwanese city of Chiayi. He had a reputation as a fun loving, gregarious socialite and his family wanted to send him off in a suitably flamboyant and memorable way. To honor that end, his family assembled a funeral procession of bands, performers, floats, and more than 200 vehicles that stretched for several kilometers as it snaked through the city. Featured among the procession vehicles were fifty customized, brightly-colored jeeps, each one carrying a bathing suit-clad showgirl dancing around a roof-mounted stripper pole. The exact opposite of a quiet, somber affair, the raucous parade clogged up streets, stopped traffic, and attracted crowds of onlookers and hangers-on. Tung Mao-hsiung, Hsiang's brother, told CTS reporters that his ailing brother had requested a big send-off just days before he died. "He told us he wanted this through a dream two days before the funeral," he said. While Hsiang's delightfully tacky funeral train pushed the boundaries of taste, and definitely contrasts with traditional ideas of funeral decorum, it's not that strange an event in Taiwan. The Deccan Chronicle states that Taiwanese send-offs have a tendency to be risque. Showgirls like the ones hired for Hsiang's procession are commonplace, and often go beyond just dancing and right to stripping at religious festivals and funerals on the island. The Chronicle suggests that this is due to the fact that Taiwanese folk religion is a unique mix of spiritualism and earthiness. Recent Video: News Source: The Deccan Chronicle Auto News Humor Jeep SUV Off-Road Vehicles funeral