All rights reserved. In October, the company reported that third quarter sales in the Asia Pacific region fell 24% year on year, mainly because of weak sales by its China joint venture. The project, named ‘Turin Geofencing Lab’ and involving the city authorities and public transport agency GTT, is based on a prototype system with fully integrated on-board sensors allowing a car to recognize when it is entering a restricted traffic zone, FCA said on Wednesday. The three large North American groups as well as Japanese carmakers Toyota and Honda have a total of some 44,000 workers on assembly lines in Ontario, according to Unifor. A similar project was launched last year by German carmaker BMW and Rotterdam, with a smart-phone reminder to switch-off combustion engines when passing a virtual boundary into the Dutch city’s “electric-only zone”. The company has agreed to invest up to Can$1.5 billion (US$1.1 billion) in southern Ontario’s Windsor plant as part of a tentative three-year deal with union Unifor, the group’s national president Jerry Dias said in a statement. Fiat Chrysler is piloting a project in its historic Italian home of Turin to allow its hybrid plug-in cars to automatically switch to electric-only mode when entering congested city centers. Foxconn and Fiat Chrysler would be taking on several Chinese rivals and heavyweights like, Fiat Chrysler, which announced last year it would, China is already a challenging market for Fiat Chrysler. Could this be the cure to our plastic problem? All rights reserved. This website uses cookies to ensure you get the best experience on our website. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. By continuing to use this website without disabling cookies in your web browser, you are agreeing to our use of cookies. Prime Minister Justin Trudeau’s government and the province of Ontario announced last week investments of Can$295 million each in a Ford factory billed as the largest electric vehicle plant in North America. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. DETROIT: Fiat Chrysler (FCA) has committed to a multi-year investment in assembling electric vehicles in Canada and to add up to 2,000 new jobs, a union representing some of the carmaker’s workers announced Thursday (Friday in Manila). Factset: FactSet Research Systems Inc.2018. Hong Kong (CNN Business)Taiwan's Foxconn might soon join forces with Fiat Chrysler to develop electric cars. The contract manufacturer's plans to join forces with Fiat Chrysler come. IMF chief Kristalina Georgieva said Thursday (Friday in Manila) she is confident the United States will soon reach an agreement to provide another cash... BERLIN: German carmaker Daimler on Thursday (Friday in Manila) announced better than expected third-quarter results, citing an unexpectedly strong market recovery after sales were... BRUSSELS: European leaders on Thursday (Friday in Manila) demanded Britain urgently give ground on fair trade rules to unblock stalled post-Brexit negotiations, angering London... PARIS: French luxury goods giant LVMH said Thursday (Friday in Manila) that a sales rebound in fashion and leather goods had lifted third quarter... A magnitude 5.4 earthquake rocked Occidental Mindoro early Saturday morning, according to the Philippine Institute of Volcanology and Seismology (Phivolcs).