The Traderszone Network

Published in TZ Latest News 1 June, 2015 by The TZ Newswire Staff

Exclusive: Fiat Chrysler delays many future vehicle programs

Fiat Chrysler Automobiles in the past year has delayed the redesign or release of at least a dozen current or new vehicles in North America, according to suppliers familiar with the company’s plans.     FCA Chief Executive Sergio Marchionne is shuffling product plans even as he seeks a partner for his company, the seventh largest global automaker. Marchionne says consolidation in the auto industry is inevitable, because automakers are burning capital investing in overlapping engines and vehicles.