Fiat

Carmakers expect deal to help them tackle industry’s challenges

Shares in both companies jumped more than 10% on Monday

The spin-off is part of a plan to “purify” the Italian-American carmaker’s portfolio

The agreement could put pressure on Uber and General Motors to speed up their efforts to start self-driving services

Fiat Chrysler so far has escaped the wrath of President-elect Donald Trump's Twitter feed

Addressing Consumers’ Concerns: Fiat Chrysler recalls 410,000 vehicles 

The company recalled more than 1.1 million cars and SUVs worldwide because vehicles may roll away after drivers exit