FCA Bank is a finance company that offers customized financial solutions as well as insurance services to meet the various needs of Fiat’s large customer base.
The services provided by the Autonomy Programme have been designed to make driving and travelling more comfortable and safer in any condition.
An innovative, revolutionary system which analyses the consumption and emissions of cars in real time, on the basis of driving style, and provides advice for reducing fuel consumption and CO2 emissions.
The Blue&Me™ system lets you communicate and keep yourself entertained in your car in complete safety and complete compliance with legal requirements, because you can use it without ever taking your hands off the wheel.
Where the innovation is born.
Fiat, Alfa Romeo, Lancia, Abarth and Jeep will be starring in the event from June 11 to 14. In addition to the motor show in Italy's first public park, an extraordinary selection of classic cars will be parading to the gardens of the Reggia di Venaria on Sunday.
On the occasion of the World Environment Day, FCA - the Official Global Partner of Expo Milano 2015 - is organising a round table on the topic of "The Environment: driving change and innovation". Speakers include experts from the environment and energy world and high-ranking academics. At this event, FCA is set to present its tablet and smartphone application dedicated to sustainability, the first in its kind for the automotive sector. It contains a fun game that measures the owner's responsible use of our planet's resources.
Wednesday, January 01, 2014
Fiat S.p.A. (“Fiat”) today announced an agreement with the VEBA Trust1, under which its wholly owned subsidiary, Fiat North America LLC (“FNA”), will acquire all of the VEBA Trust’s equity membership interests in Chrysler Group LLC (“Chrysler Group”), representing the 41.4616% of Chrysler Group not currently held by FNA. The transaction is expected to close on or before January 20, 2014.In consideration for the sale of its membership interests in Chrysler Group, the VEBA Trust will receive aggregate consideration of U.S.$3,650 million consisting of:
Fiat expects to fund the U.S.$1,750 million in cash from available cash on hand. Chrysler Group expects to fund the special distribution from available cash on hand.Contemporaneously with the transactions described above, Chrysler Group and the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (the “UAW”) have agreed to a memorandum of understanding under Chrysler Group’s existing collective bargaining agreements to provide for additional contributions by Chrysler Group to the VEBA Trust of an aggregate of U.S.$700 million in four equal annual installments. The initial payment will be made on closing of the transaction with Fiat and additional payments will be payable on each of the next three anniversaries of the initial payment. Chrysler Group expects to fund the initial contribution to the VEBA Trust from available cash on hand. In consideration for these contributions, the UAW will agree to certain commitments to continue to support the industrial operations at Chrysler Group and the further implementation of the Fiat-Chrysler alliance, including to use best efforts to cooperate in the continued roll-out of Fiat-Chrysler World Class Manufacturing programs, actively participate in benchmarking efforts associated with implementation of these programs across all of Fiat-Chrysler manufacturing sites to ensure objective performance assessments and provide for proper application of WCM principles, and actively assist in the achievement of the Group’s long-term business plan.
1The UAW Retiree Medical Benefits Trust, a Voluntary Employees’ Beneficiary Association, is an independently administered trust established to pay health care benefits for retirees from Chrysler.2In the event that the special distribution from Chrysler Group cannot be paid by the intended closing date (January 20, 2014 or earlier), Fiat intends to make payment to the VEBA Trust of the aggregate consideration and thereafter receive the special distribution when it is the 100% owner of Chrysler Group.
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