A Detroit grand jury on Wednesday indicted a former Fiat Chrysler executive in charge of negotiating US labor agreements, charging him with raiding a workers’ training fund to benefit himself and union officers. Alphons Iacobelli, an executive at FCA US, the American arm of the car giant, was in charge of negotiating and administering collective … Read more
The chief executives of Goldman Sachs Group and Ford Motor Co joined the criticism of President Donald Trump’s order to halt arrivals from several Muslim-majority countries, as equity markets fell and the dollar slipped on Monday. The initial response over the weekend from U. S. corporate leaders to Trump’s order curtailing travel from seven Muslim-majority … Read more
Fiat Chrysler Automobiles on Sunday announced a $1 billion investment to expand factories in Ohio and Michigan and create 2,000 new jobs in the United States. The announcement is the latest phase in an “industrialization plan” the company announced a year ago. Fiat Chrysler says it will retool a Warren, Michigan, assembly plant to produce … Read more