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Fiat Chrysler Automobiles NV’s U.S. unit failed to persuade a federal judge to throw out an antitrust lawsuit claiming it pushed dealers to submit fraudulent sales numbers to prop up the carmaker’s share price. Two dealerships owned by the Napleton Auto Group, including Napleton’s Arlington Heights Motors in Illinois, originally sued Fiat Chrysler in January, alleging racketeering, violations of antitrust laws and breach of contract. The original suit was never served on FCA and an amended complaint was filed in March. FCA denied the allegations in the suit. U.S. D...
Considering the gas prices are low as never before, Americans continue to show how much they are into big pickup trucks. A look at the top-selling new vehicles in the first nine months of the year shows that the U.S.' big three automakers are still the kings. Ford has the nation's best selling vehicle with its F-150, the next one comes General Motors with its Chevrolet Silverado, and the third one of course belongs to Fiat Chrysler's Ram 1500. The Ram's sales are up the most among these three models, with 8.6% more than the same period last year. The same three were ...
Major automakers have posted their sales results for this September, and although we had high hopes on the discounts offered by General Motors and Ford Motor. Co, nothing saved the market from crashing down. The total industry sales were at 1.44 million vehicles, which is down 0.5% for a seasonally adjusted annualized rate of 17.76 million from 18.05 million in September 2015. The top-seller in the United States- GM, posted a 0.6%decline. Ford reported an 8% drop, and Fiat Chrysler Automobiles was down 1%. Shares of the three Detroit automakers rose, led by GM with a 0.8 percent gain. Sal...
Even as incentive spending reaches a record high, U.S. new-vehicle sales are projected to decline for a second consecutive month. The forecasts reinforce the notion that industry sales have leveled off after six consecutive years of gains coming out of the recession. But analysts say the market is not on the brink of a downturn, either. Auto sales are tracking just about even with last year’s record-breaking pace, so there’s good reason to believe that they’ve hit a high plateau. At the very least, automakers can feel good that sales are consistently hovering at o...
This is not the first time when Tesla Motors is blocked from selling its electric cars directly to customers in Michigan. Over the past couple of years, Tesla has been engaged in a battle with Michigan's franchised car dealers who – like dealers in several other states – view Tesla's direct-sales model as a threat. Most recently, Tesla submitted an application for a Michigan dealership license. That application was denied by the Michigan government after a hearing earlier this month. This indicates that the home state of Ford, General Motors, and Fiat Chrysler Au...
