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Cummins Faces Hefty $2B Penalty And Over 600K Recalls In Ram Trucks Emissions Violation Case
Thursday, January 11, 2024 - 5:31am | 590In a landmark settlement, Cummins Inc. (NYSE:CMI) is ordered to recall 600,000 Ram Trucks. The engine manufacturer has been implicated in an emissions cheating scandal, leading to a record-breaking $2 billion penalty. What Happened: The Department of Justice (DOJ) revealed on Wednesday details of a...
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Tesla Is Best At Stealing Customers And Keeping Them: New Report Calls Company's Brand Loyalty 'Extraordinary'
Tuesday, January 31, 2023 - 12:30pm | 897Electric vehicle giant Tesla Inc (NASDAQ: TSLA) has dominated the electric vehicle segment of the automotive industry. And while competition is increasing from new players and incumbent automotive companies turning to electric, Tesla may have several key advantages. What Happened: Tesla is guiding...
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Stellantis CEO Says Company Being 'Forced' To Make Electric Vehicles
Monday, December 6, 2021 - 6:53pm | 625Tesla Inc (NASDAQ: TSLA) released its Model S in June 2012. Over the years, the company has watched its production and deliveries numbers rise along with its share price. Leading automotive companies such as Ford Motor Company (NYSE: F) and General Motors Company (NYSE: GM) are...
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Shares Of World's 4th Largest Automaker Stellantis To Begin Trading This Coming Week
Saturday, January 16, 2021 - 10:18am | 383Stellantis CEO Carlos Tavares The world's fourth largest automaker officially came into existence today. What Happened: The $52 billion merger between Peugeot S.A. and Fiat Chrysler Automobiles NV (NYSE: FCAU), which took a year to finalize because of the COVID-19 disruption, was formally...
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Ram Enhances Safety Profile Of ProMaster Van
Wednesday, March 4, 2020 - 3:43pm | 564Recognizing the importance of vans in the commercial vehicle space, Ram Commercial has enhanced the safety profile of its popular ProMaster van with a new digital rear-view camera, crosswind assist, and more. The 2021 model van debuted at the Work Truck Show in Indianapolis. "Ram Commercial was...
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Fiat Chrysler Recalling 222,000 Ram ProMaster Delivery Vans
Monday, January 27, 2020 - 2:13pm | 398Fiat-Chrysler Automobiles (NYSE: FCAU) is recalling 222,207 Ram ProMaster delivery vans with 3.6-liter engines because the transmission shifter cable may separate and disconnect from the transmission, leading to a crash. The ProMaster is widely used in last-mile delivery service. Customers include...
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Manley Takes The Wheel At Fiat Chrysler Sooner Than Expected As Marchionne Exits On Failing Health
Monday, July 23, 2018 - 8:19am | 458Fiat Chrysler Automobiles NV (NYSE: FCAU) announced Saturday that outbound CEO Sergio Marchionne, who had been phasing out of his 14-year leadership, wouldn't return to his role after suffering complications from surgery. The board appointed Mike Manley, the former head of Jeep and Ram who had...
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Report: FCA Supplier Emails Betray Strategy To Cheat Emissions Tests
Friday, May 18, 2018 - 12:23pm | 308Fiat Chrysler Automobiles NV (NYSE: FCAU) traded down 2.2 percent Friday following the release of correspondence suggesting intentional cheating in diesel emission tests on Jeep and Ram models, according to Bloomberg. Supplier emails disclosed in court this week discussed the illegal use of...
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NAIAS 2018: VW Works To Earn Back Trust; Toyota, Ram Introduce New Models
Monday, January 15, 2018 - 7:05pm | 1281Quiet cabins, Wi-Fi connectivity, wireless charging, LED headlights, Apple CarPlay and Android Auto are no longer differentiators. Just about every automaker boasted these features Monday at the North American International Auto Show in Detroit. Volkswagen Introduces New Product After Diesel...
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Fiat Chrysler Shares Trade Lower Despite 3% August Sales Increase
Thursday, September 1, 2016 - 2:01pm | 215Fiat Chrysler Automobiles NV (NYSE: FCAU) bucked the overall trend to report 3 percent growth in unit sales to 196,756 in the United States in August. However, the stock traded down on Thursday. The company disclosed retail sales total 150,153 vehicles, whereas fleet sales accounted for 46,603...
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Chrysler And Ford Earnings: Following In GM's Footsteps?
Sunday, April 24, 2016 - 4:38pm | 725Upcoming earnings highlights include the latest results from two automaker giants. Wall Street analysts are looking for strong earnings growth from both of them. However, estimates have been slipping for one and rising for the other. Expectations were already high for the latest earnings from...
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3 Things Auto Investors Should Know About Ford's F-150 Production
Saturday, March 14, 2015 - 1:04pm | 402Deutsche Bank recently released a report on Ford Motor Company (NYSE: F) after analysts attended Ford's F-150 event in New York. The report includes a breakdown of analysts' three major takeaways from the event. 1. Production Going Smoothly The major ramp-up in F-150 production seems...
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The Google Nexus 5 Has Finally Arrived (GOOG)
Friday, November 1, 2013 - 8:35am | 655It seems almost fitting that the oft-rumored mysterious ghostly apparition of a smartphone known as Nexus 5 actually left the spirit world and became real on Halloween. Underwritten by Google (NASDAQ: GOOG) and built by LG, the new device became available Thursday, unsubsidized, for $349 from...