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Fiat Chrysler ending car production in U.S. - trucks remain
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2016 Jul 28, 6:55am 1,384 views 5 comments
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HEY YOU
2016 Jul 28, 7:29am
"There will be no passenger cars that will be produced in the U.S.,
Why do Republicans allow this?
Fiat Chrysler Automobiles will no longer make passenger cars in the U.S. by early next year as it evolves even further into an automaker mostly known for pickups and SUVs.
FCA is winding down production of the Chrysler 200 and Dodge Dart and will primarily produce Jeep SUVs and Ram pickups in the U.S.
The sole exception will be the Dodge Durango SUV made alongside the Jeep Grand Cherokee at the automaker's Detroit plant and the low-volume Dodge Viper that will be discontinued with the 2017 model year.
Ending passenger car production in the U.S. is part of FCA CEO Sergio Marchionne's multibillion-dollar plan to increase profit margins to match competitors. It's a bet that recognizes the growing popularity of SUVs in America, low gas prices and lower cost of producing vehicles in Mexico.
"By the time we finish with this, hopefully, all of our production assets in the United States — if you exclude Canada and Mexico from the fold — all those U.S. plants will be producing either Jeeps or Ram," Marchionne said Wednesday during a conference call with Wall Street analysts after the automaker reported second-quarter earnings.
The Jeep and Ram brands have been driving sales gains recently, with the Dodge Dart and Chrysler 200, highly touted when they were launched, have been disappointments.
"There will be no passenger cars that will be produced in the U.S., and therefore, our expectation is that concentration will give us the possibility to get very close" to the 12.1% profit margin that General Motors reported as part of its second-quarter earnings last week.
More: http://www.freep.com/story/money/cars/chrysler/2016/07/27/soon-fca-just-make-jeep-suvs-and-ram-us/87605202/
Related: In just a little over a year, Jeep will leapfrog from an iconic American product made only in the U.S. into a global brand assembled on four continents with a vastly larger manufacturing capacity. http://www.freep.com/story/money/cars/chrysler/2015/03/02/jeep-fiat-chrysler-brazil-italy-china-italy/24234759/
#Chrysler #Fiat #Economics #Automobiles