But it doesn’t mean there will be a work stoppage. Contracts expire Sept. 14.
FCA cited “political conditions in France” for the withdrawal.
Merged company would make some 8.7 million vehicles a year, leapfrogging GM and trailing only Volkswagen and Toyota.
Michigan’s economic development board approved a US$223 million incentive package, the automaker will create 6,400 jobs.
Investment in Canada’s vehicle assembly sector averaged just $1.2 billion a year between 2010 and 2017, down from $2.3 billion a year in the previous decade.
The investment would roughly double FCA’s hourly workforce in the city.
Automaker will also need to pay about $280 million to compensate vehicle owners.
The all-electric 500 will be built in Mirafiori, in Turin, while the Alfa Romeo SUV will be built in Pomigliano, near Naples, along with the Panda.
Legacy is a corporate culture where “mediocrity is never, ever worth the trip.”
Marchionne steps down early because of severe health problems. Jeep executive Mike Manley is taking over.
Candidates include Canadian Reid Bigland, former FCA Canada president and CEO.
Warren Truck Assembly Plant will make the Ram Heavy Duty Truck starting in 2020.
Marchionne says the brand is for sale; can’t compete globally without a tie-up to a bigger partner.
FCA also has a partnership to provide vehicles and install technology developed by Google’s autonomous car unit, Waymo.
FBI alleges Alphons Iacobelli gave a former UAW vice-president and his wife more than $1.2 million in gifts.