Management Changes at FCA

Management Changes at FCA

October 7, 2015 — Management changes at Fiat Chrysler Automobiles happen so often, they normally amount to nothing more than press release fodder. But three changes that were announced this week might provide a hint as to which executives are moving up the ladder and possibly be in the running for the top job when Sergio… Continue Reading

Cliff Banks - The Banks Report

UAW Rejects FCA Deal — Now What?

October 1, 2015 — More bad news for Fiat Chrysler Automobiles as the United Auto Workers Union rejects the proposed new labor contract this week raising significant questions about future production costs for the automaker. Meanwhile, significant problems on the recall side lurk beneath the surface and indicate deeper systemic issues.  United Auto Worker leaders flew…

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Cliff Banks - The Banks Report

UAW Says No to FCA

October 1, 2015 — United Auto Worker leaders flew into Detroit this morning to discuss options following the union’s rejection of the proposed new labor contract with Fiat Chrysler Automobiles. The rejection heightens the possibility that the UAW will strike within the next few days. Leaders are still meeting in Warren, MI this evening. Basically, the… Continue Reading

Cliff Banks - The Banks Report

“Punching” Sales Practice Under Fire from Maserati Dealer

September 3, 2015 — Last Friday, Stuart Hayim, owner of Recovery Racing, a group that owns Maserati and other luxury franchises in New York, New Jersey and Florida, filed a $200 million lawsuit against Maserati North America alleging the automaker forced dealers to participate in discriminatory incentive and sales programs designed to prop up sales numbers… Continue Reading

Cliff Banks - The Banks Report

Fiat Chrysler’s Big Show in Vegas – A Lot of Hype

August 26, 2015 —  An unexpected strong second quarter and big dealer party this week in Las Vegas to show off more than a dozen new vehicles along with promising nearly 30 newly redesigned or brand new vehicles over the next 24 months have Fiat Chrysler dealers celebrating. But there is trouble under the hood.  Call…

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