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Inside this issue
Fiat Chrysler Chairman Sees More Auto Consolidation
Ford to Announce $2.5 Billion Investment in Mexico
Only Small Number of Jeeps Fixed 2 Years After Recall
GM Working with Suppliers to Boost SUV Production
Chevy Drops Spark EV Price to $14,995
Honda Teams Up with NBC, SNL for Digital Video Series
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Top Stories
Fiat Chrysler Chairman Sees More Auto Consolidation

Fiat Chrysler Automobiles NV Chairman John Elkann sees the need for more combinations in the auto industry and expects consolidation to continue. “Hopefully this will be driven by reason and common sense rather than by crisis,” Elkann, 39, chairman of Exor SpA, said in his annual letter to the investment company’s shareholders. Sergio Marchionne, the architect of the 2014 merger that combined Italian car producer Fiat and U.S. counterpart Chrysler, has been a vocal proponent of consolidation in the auto industry.
Source: The Detroit News
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Ford to Announce $2.5 Billion Investment in Mexico

Ford Motor Co. on Friday will announce a $2.5 billion investment in Mexico, a source confirmed to The Detroit News. Reuters, citing industry sources, first reported the investment, which it said would include money for a transmission plant, and an expansion of Ford's plant in the northern Chihuahua state, where it will build two new diesel engines. Ford would be the latest in a number of automakers who are turning to Mexico to build new plants or expand operations. Mexico is the fourth largest exporter of vehicles globally and eighth largest producer, according to the Mexican Automotive Industry Association.
Source: The Detroit News

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Only Small Number of Jeeps Fixed 2 Years After Recall

Fiat Chrysler Automobiles NV said its dealers have repaired less than a quarter of 1.56 million older Jeep SUVs recalled for fire risks nearly two years after agreeing to recall them, and is urging dealers to speed up repairs. The letter came after National Highway Traffic Safety Administrator Mark Rosekind told reporters last week he was not happy with the pace of recalls and said he was considering reopening the government's investigation into at least 50 fires linked to rear gas tank collisions in older Jeep SUVs. The letter to dealers was posted by NHTSA on Tuesday. It said 27 percent of the Jeep Liberty SUVs and 4 percent of the Jeep Grand Cherokees have been repaired — far fewer than the 72 percent of vehicles repaired within two years in average recalls. But recall completion rates of older vehicles generally lag campaigns for newer campaigns.
Source: The Detroit News
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GM Working with Suppliers to Boost SUV Production

General Motors Co. has been working with key suppliers the past few months to speed parts manufacturing so the Detroit automaker can boost production of popular selling trucks and SUVs, a GM executive told reporters. Steve Kiefer, GM’s vice president for global purchasing and supply chain since 2014, told reporters Tuesday he personally called about 30 top suppliers — including asking CEOs for help — about two months ago to seek solutions with them to increase production in a hot sales environment.
Source: The Detroit News
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Chevy Drops Spark EV Price to $14,995

Through the first three months of 2015 Spark EV sales rose 31% from a year earlier to a modest 356.

Chevrolet is cutting the price of its 2015 Spark electric vehicle by $1,650 and offering additional incentives to boost sales in California, Oregon and Maryland, the only states where the battery-powered car is sold. Buyers in California and Maryland can qualify for state tax credits of $2,500 and $2,300, respectively, on top of a $7,500 federal tax credit. In addition, cash rebates are available in California ($1,000), Maryland ($1,200) and Oregon ($3,000). After the credits and rebates, the Spark EV can be purchased for $14,995.
Source: Detroit Free Press
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Honda Teams Up with NBC, SNL for Digital Video Series

The 2015 Honda CR-V and 2016 HR-V crossovers serve as the backdrops for off-the-cuff comedy with “Saturday Night Live” cast members and fans in an original digital video series. Honda partnered with NBCUniversal to reach consumers who are young and young-at-heart in new episodes of the series, called “Saturday Night Line.” The Web series follows the shenanigans of “SNL” stars as they interact with fans waiting in line days ahead of the show. The crossovers act as rolling venues for the antics. Honda announced the series [Tuesday].
Source: Automotive News
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Quotable

"The economics of auto production in Mexico make sense and they have proven their quality is good."

   -- Michelle Krebs, an analyst with Autotrader.com, commenting on automaker's investing in auto production in Mexico, Bloomberg, April 14

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