Fiat Chrysler Automobiles (FCA) officially confirmed that it is in a discussion process with Foxconn (Hon Hai Precision Ind. Co., Ltd.) regarding the potential creation of an equal joint venture to develop and manufacture in China new generation battery electric vehicles and engage in the IoV (Internet of Vehicles) business. Moreover, FCA said that the two parties are in the process of signing a preliminary agreement which will guide further discussions in this regard until a final binding agreement is reached in the next few months. However, no party guarantees that such final agreements will be reached or if reached, there's no assurance it will be done in that timeframe.Both FCA and Foxconn believe that such cooperation will leverage their performance by combining their strengths in automobile design, engineering, manufacturing and mobile software technology in the context of the BEV market. A couple of months ago, we reported that Foxconn won't build complete EVs but will focus on software-hardware integration instead . Logically, FCA will be the car manufacturing expert if any future agreement is reached.

Stellantis is the name of the new group resulting from the merger of FCA and Groupe PSA FCA and Groupe PSA announced the official name of the new business entity formed by their merger - Stellantis. It is derived from the Latin verb stello meaning "to brighten with stars". The Latin origins of the name pay tribute to the rich history of its founding companies while the evocation of astronomy captures the true spirit of optimism, energy and renewal driving this industry-changing merger. The Stellantis...

Foxconn won't build complete EVs, will focus on software-hardware integration instead The International Conference on the Internet of Vehicles opens up today in Taiwan and will close on November 21st. It will discuss topics related to Vehicle Behavior Model and Environment Awareness, Cooperative Driving, Intelligent and Autonomous Vehicles, Telematics, Wireless Communication Networks for IOV, Services and applications of IOV, Complex systems and systems-of-systems for IOV, Theory, technology...

Groupe PSA and FCA agree on a merge, will become the world's 4th largest carmaker Groupe PSA and FCA talks have resulted in an agreement on a merge of the two companies to form a new business entity with resources owned 50% by Groupe PSA shareholders and 50% by FCA shareholders. The new business unit will become the world's 4th largest global OEM in terms of annual unit sales (8.7m vehicles). Both parties see a number of benefits in this merge including such as leveraging their capabilities in...

FCA will set up a Battery Hub at the Mirafiori complex starting in early 2020 In early 2020, FCA will start preparing a Battery Hub at the Mirafiori complex in Turin. This battery assembly complex will supply batteries to the new generations of fully electric FCA models. The assembly process will be aided by an expert in the field - Comau. Training areas, quality control and testing areas are also included in the project. The initial investment in place will be approximately €50 million. In...

The Fiat Concept Centoventi receives a Red Dot Award 2019 The Red Dot Award is one of the most prestigious international design competitions for product design, communication design and design concepts. FCA has announced today that its Fiat Concept Centoventi has received a Red Dot Award 2019 in the Design Concept category. It has been assigned by an international jury of 21 of the world's top Design professionals and academics. The most noteworthy feature of the Fiat...