Datta has assumed the charge of the new position from September 4
The Jeep Compass Trailhawk is powered by a BS-VI compliant 2-litre turbodiesel engine delivering 170 horse power (HP)
Shares of both companies jumped over 10 per cent on the news of the offer, which would see each side's shareholders split ownership in the new manufacturer
Fiat Chrysler Automobiles (FCA) has announced it will cut some 1,500 jobs at its factory in Windsor, Canada, around a quarter of its local workforce. The Italian-American automaker took the decision, effective from the end of September, to "better align production with global demand," it said in comments reported in local media Thursday. Retirement packages will be offered to eligible employees while the company will also attempt to place laid off hourly employees in open full-time positions as they become available based on seniority. The announcement represents a fresh blow for the province of Ontario following the axing of more than 2,500 jobs announced for the end of 2019 at the General Motors plant in Oshawa, near Toronto. The president of the Unifor union, Jerry Dias, tweeted: "I am deeply concerned about the 1,500 plus families, the community of Windsor & the Cdn auto industry - all affected by FCA Canada's decision to end the 3rd shift at Windsor Assembly Plant." He added
The recall was prompted by in-use emissions investigations conducted by the EPA
Fiat Chrysler has denied any wrongdoing and previously said there was never an attempt to create software to cheat emissions rules
Regulators have said Fiat Chrysler diesel vehicles had undisclosed emissions controls
Mahindra was seeking an injunction against Fiat Chrysler from proceeding with the complaint
Fiat has alleged that the Roxor is "a nearly identical copy of the iconic Jeep design"
The auto major has gone all out to steer the Compass away from the generic identity of the Jeep brand to claim a spot within the premium-luxury niche
As part of that strategy and to simplify its portfolio, FCA is working on separating two of its three components businesses
Affected units manufactured between Sept 5 and Nov 19 of 2017
He also reiterated that it was premature to spin off Alfa Romeo and Maserati brands
Launch follows a Rs 5-lakh price cut in firm's jeep products after GST roll-out
Automaker Fiat Chrysler's India arm today rolled out the first locally manufactured Jeep Compass SUV from its Ranjangaon facility here. The vehicle was rolled off the the assembly line in the presence of Maharashtra Chief Minister Devendra Fadnavis, Fiat Chrysler Automobiles (FCA) chief operating officer - Asia Pacific region (excluding China) Paul Alcala, and president & managing director, FCA India, Kevin Flynn, among others. With this, India has joined China, Mexico and Brazil as a manufacturing and export hub for the Jeep Compass. "The establishment of manufacturing operations and start of production of the Jeep Compass is an important milestone for our journey in India," Alcala said. "The Compass will be the first Made-in-India Jeep vehicle, and we are appreciative of the government's efforts to make India a desirable manufacturing destination for multinational organisations like ours," he said. FCA has invested USD 280 million in the plant to support local production of
Analysts agreed that the case appeared less severe than larger rival Volkswagen
As growing evidence points to the carmaker's use of illegal software to evade emissions tests
Fiat Chrysler currently has less than 1% market share in India
Recall would begin in late June
Price: Rs 20-30 lakh; India to be one of four global manufacturing hubs for the Compass