Mexico's auto industry reopening picked up the pace on Tuesday, with Fiat, Chrysler, and BMW AG joining peers in gradually dusting off operations even as the wait for approvals slowed the return of Ford Motor Co and other companies.
Before going to work these days, employees at the Brazilian unit of Fiat Chrysler Automobiles have to get a health check using a mobile app every morning.
Fiat Chrysler and rival PSA Group, owner of Peugeot and Vauxhall, have confirmed a US$ 50bn merger deal. The merger is aiming for annual cost savings of US$ 4bn through shared purchasing agreements and combined technologies, will create the world's fourth-largest carmaker.
Fiat Chrysler and Peugeot owner PSA are in talks to combine in a deal that could create a US$50 billion automaker. The announcement could be made this same week.
Lee Iacocca, the car industry legend who created the iconic Ford Mustang and saved Chrysler from bankruptcy, has died at the age of 94. He died at his home in Los Angeles from complications from Parkinson's disease, a family spokeswoman told US media.
Chrysler anticipated that by the second quarter it will have repaid bailout loans worth more than 7 billion US dollars given by the US and Canadian governments. The auto group said it would pay back the bailout by June with loans from investors.