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Stellantis and Foxconn will announce a strategic partnership on Tuesday

MILAN — Automaker Stellantis and iPhone assembler Foxconn said on Monday they would announce a strategic partnership on Tuesday. Last year, then-Fiat Chrysler, now part of Stellantis, said it planned to set up a joint venture with Hon Hai Precision Industry, Foxconn's parent company, to build electric cars and develop internet-connected vehicles in China. Fiat Chrysler merged with France's Peugeot maker PSA at the beginning of the year to create Stellantis, the world's fourth-largest carmaker, and relaunching in China is one of its main goals. The two companies will hold a conference call on Tuesday to present the partnership, with Stellantis Chief Executive Carlos Tavares and Foxconn Chairman Young Liu among others, the groups said in a joint statement. In January Taiwan's Foxconn and China's Zhejiang Geely Holding Group said they were joining hands to provide contract manufacturing for automakers. They have said they were in talks to provide contract manufacturing services to electric vehicle maker Faraday Future, while Foxconn will also help building electric sport-utility vehicles in 2022 for Chinese startup Byton. And last week, Fisker Automotive signed with Foxconn to build an electric car at a factory in the United States. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. 2021 Jeep Wrangler 4xe plug-in hybrid powertrain feature walkthrough | Autoblog

Court ruling to delay Fiat's Chrysler buyout?

We've already reported on the attempts of Fiat to purchase the remaining 41.5-percent stake in Chrysler, currently owned by the United Auto Workers' VEBA healthcare trust. And while the issues still aren't resolved, Fiat has received both a bit of good news and a bit of bad news from a Delaware judge.
The good news is that the court ruled in favor on two key arguments of Fiat's, relating to what is a fair price for the Chrysler shares. The rulings essentially slash half a billion dollars off the price of the 54,000 shares owned by VEBA, according to a report from Reuters.
The bad news is that this makes the UAW an even more difficult opponent in negotiations. Its VEBA fund is meant to cover ever escalating retiree healthcare costs, so naturally, the UAW wants to get as much money as possible. Losing a big chunk of cash isn't likely to make the union more cooperative.

Google car boss: Deal with FCA is just 100 minivans

Google and FCA are working together to develop 100 self-driving minivans, but for now, that's it. So says Google car czar John Krafcik. Google is still talking to other automakers about partnerships, Reuters reports. "This is just FCA and Google building 100 cars together," Krafcik told the wire service at an energy conference in Washington. The companies won't expand the project to building an autonomous car, and Google isn't sharing proprietary technology with FCA. The co-developed vehicles won't be for sale, Reuters said. FCA CEO Sergio Marchionne has also reportedly said the deal isn't exclusive. FCA and Google announced their landmark partnership earlier this month to make 100 Chrysler Pacifica hybrid minivans with self-driving technology. The deal was hailed as a major step in advancing the technology and bridging the gap between traditional automakers and Silicon Valley. "Teaming up with Google helps put FCA in a stronger position to compete when it comes to autonomous car research and development, though significant effort remains to introduce this technology into FCA production vehicles," IHS analyst Colin Bird wrote in a research note. Related Video: Featured Gallery 2017 Chrysler Pacifica Hybrid View 56 Photos Green Chrysler Minivan/Van Autonomous Vehicles chrysler pacifica fca us chrysler pacifica hybrid