Operations at the 781,500-square-foot Tipton Transmission Plant, which includes three buildings and spans 103 acres, were quietly suspended last summer.
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UAW President Shawn Fain said that Stellantis’s 21 percent offer and other terms presented by the automakers aren’t sufficient and that the strike will continue.
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According to Gov. Eric Holcomb’s prepared remarks, Fiat-Chrysler will invest $400 million in its Kokomo facility and hinted that an announcement will be made on Friday from Toyota in Princeton.
Read MoreThe Indiana Economic Development Corp. said it would offer Stellantis up to $19.5 million in conditional tax credits based on the company’s investment and its plan to retrain and retain 660 employees.
The company that combined Fiat Chrysler and Peugeot is developing four fully electric vehicle platforms with ranges from 311 miles to 497 miles, it said.
Company representatives gave more than $3.5 million in cash and other things of value to senior officials at the United Auto Workers, federal prosecutors in Detroit said as they charged FCA with conspiracy from 2009 to 2016.
The merged company, to be called Stellantis, will be the world’s fourth-largest auto business. The merger combines legacy car companies that helped write the industrial histories of the United States, France and Italy.
Dennis Williams is the 15th person to be charged in an investigation of the senior ranks of the venerable labor union. It has revealed crooked ties between officials and executives at Fiat Chrysler.
General Motors is asking a federal judge to reconsider his dismissal of a lawsuit based on new allegations that Fiat Chrysler bribed union officials and GM employees with millions stashed in secret foreign bank accounts.
The deal creates the world’s fourth-largest automaker, a goliath with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies.
The ratification means the United Auto Workers union has settled with all three Detroit automakers. Fiat Chrysler has a workforce of 8,156 in Indiana at four plants in Kokomo and one plant in Tipton.
The United Auto Workers and Fiat Chrysler reached a tentative agreement Saturday on a new four-year contract that includes a total of $9 billion in investments but still needs final approval from workers.
General Motors is alleging that its crosstown rival got an unfair business advantage by bribing officials of the United Auto Workers union.
With General Motors and Ford out of the way, the United Auto Workers union wants a similar deal from Fiat Chrysler, which has a workforce of 8,156 in Indiana at four plants in Kokomo and one plant in Tipton.
A merger would create the fourth-largest automaker, with a combined market value of around $50 billion, and the potential for big savings in Europe.
The move announced Tuesday means that GM will be the focus of bargaining, and any deal with the company will set the pattern for Ford and Fiat Chrysler. It also means that if the union decides to go on strike, it will be against GM.
Fiat Chrysler abruptly withdrew an offer to merge with French automaker Renault late Wednesday, a shocking reversal of a deal that could have reshaped the global auto industry.
Chinese SUV maker Great Wall Motors is considering making a bid to buy Fiat Chrysler's Jeep unit, in a possible ambitious new step onto the global stage for China's fast-growing auto brands.
The Environmental Protection Agency issued a “notice of violation” to the company that covers about 104,000 vehicles, including the 2014 through 2016 Jeep Grand Cherokee and Ram pickups.
The increases showed that Americans are still buying cars and trucks in big numbers, despite predictions by some analysts and dealers that sales have peaked.
Automakers posted big U.S. sales gains in February as consumers returned to showrooms after a snowy January.
Workers overwhelmingly approved a new four-year contract in voting that ended Wednesday night. UAW represents more than 7,000 Fiat Chrysler workers in central Indiana.
The union announced the agreement just after 11:59 p.m. Wednesday, which was the deadline the union had set to reach a new deal or possibly go on strike.
