FCA Dealer Excited to Welcome a True FCA Captive

If Fiat Chrysler Automobiles is successful in its endeavors to form an internal captive arm, it would be a boon to the OEMs car sales, Dan Fields, president of Fields Automotive Group, told Auto Finance News. In late May, FCA announced its intentions to form a captive arm and possibly buy the Chrysler Capital portfolio […]

Subscription Programs Spur Innovation Opportunity

With all the consolidation taking place at dealerships across the country, managers are looking for new ways to drive sales and keep customers coming back, and one of the most popular solutions this year has been subscription programs. BMW Financial Services, Mercedes-Benz Financial Services, Fiat Chrysler Automobiles, and Toyota Financial Services’ Lexus brand have all […]

FCA Seeks to Jumpstart Operations With Purchase of Chrysler Capital

Fiat Chrysler Automobiles Group will likely move fast to acquire Santander Consumer USA’s Chrysler Capital portfolio because it will provide an instant revenue stream for the OEM and the ability to retain customer brand loyalty, said Jack Micenko, auto finance analyst at Susquehanna Financial Group. Micenko estimates the portfolio is worth a conservative $1.2 billion, […]

Waymo Enlists Chrysler to Supply 62,000 Minivans for Autonomous Fleet

While Fiat Chrysler Auto isn’t developing autonomous vehicle technology, the OEM has partnered with Waymo to supply the technology company’s fleet. Waymo, a division of Google-parent company Alphabet, increased the size of its self-driving taxi fleet more than 100-fold with the order of 62,000 Chrysler Pacifica hybrid minivans from FCA last week. FCA Chief Executive […]

Safety, Consumer Acceptance Serve as Top Autonomous Vehicle Concerns

With automakers like FCA fast-tracking toward autonomous vehicles, it can seem inevitable to think the traditional model of buying and selling cars could face a disruption. However, concerns with consumer acceptance, safety, and technology costs might hinder that thought, according to Automotive IQ’s Autonomous Vehicles Summit survey. Although 71% of manufacturers expressed an interest to […]
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