chrysler News Updates

Americans bought 524,000 small, starter pickup trucks last year — about 1,400 a day — but not one of them had removable doors. In a few weeks, that small but noteworthy gap in the market will be filled by the Jeep Gladiator, a new rig that represents Fiat-Chrysler’s initial bid to re-enter one of the industry’s hottest segments.

An unexpected spike in inventory of Fiat Chrysler Automobile NV’s iconic Jeep is stoking concern that the American SUV boom that has fueled Detroit automakers’ profit is reaching its limits.

General Motors Co. and Fiat Chrysler Automobiles NV reported hefty sales declines for the big trucks they’re overhauling this year, a troubling sign for a lucrative segment that’s held up well as the broader U.S. auto market shrinks.

Fiat Chrysler Automobiles NV has agreed to repurchase more than half a million vehicles — most of them Ram pickups — as part of a settlement with the federal government that also includes a record $105 million penalty for delaying action on safety defects in its vehicles, Bloomberg News reported.

Fiat Chrysler Automobiles reported profit that missed analysts’ estimates as costs for recalling faulty vehicles blunted the benefits from a stronger dollar and sales of Ram pickups and Jeep SUVs in the U.S.