PARIS/MILAN (Reuters) – Billed as a merger of equals, PSA’s $50 billion tie-up with Fiat Chrysler (FCA) gives the Peugeot owner one potentially big advantage, its own boss will be firmly behind the new wheel. FILE PHOTO: Carlos Tavares, Chief Executive Officer and Chairman of the Managing Board of PSA Group, attends a news conference… Continue reading French designs on dominance of Peugeot-Fiat rest on Tavares
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Heavy construction sites await PSA-Fiat Chrysler
Posted Dec 18 2019 at 6:07 pm Economies of scale, sharing of technologies, geographic complementarity… By joining forces , PSA and Fiat Chrysler will undoubtedly be better equipped to face the tormented years ahead in the automotive industry. Carlos Tavares, PSA CEO called to lead the future together, will nevertheless very serious challenges . ·… Continue reading Heavy construction sites await PSA-Fiat Chrysler
PSA-Fiat Chrysler governance: a fragile balance at the head of the new champion
Posted Dec 18 2019 at 6:04 pm Like all mergers “between equals”, the great Franco-Italian wedding of the day will not be free from risks. How to ensure, first, that the former shareholders of the two groups, PSA and Fiat Chrysler, are not injured? How can we guarantee balanced governance that respects everyone’s interests? A… Continue reading PSA-Fiat Chrysler governance: a fragile balance at the head of the new champion
HourCar Launches in Rochester
To use HourCar, members reserve a vehicle from a hub and return it to the same hub when they’re finished. Photo via Depositphotos. HourCar, a non-profit carsharing service, has been added to Rochester’s growing array of transportation options. The program launched earlier this month with an initial fleet of five vehicles stationed in downtown, building… Continue reading HourCar Launches in Rochester
UPDATE 1-Daimler agrees to $20 million settlement over U.S. vehicle recalls
FILE PHOTO: The Mercedes-Benz logo is seen before the company’s annual news conference in Stuttgart, Germany, February 4, 2016. REUTERS/Michaela Rehle WASHINGTON (Reuters) – Daimler AG’s Mercedes-Benz USA (DAIGn.DE) has agreed to a $20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into 1.4 million recalled vehicles.… Continue reading UPDATE 1-Daimler agrees to $20 million settlement over U.S. vehicle recalls
IBM Research says new battery design lacks heavy metals, can perform better than lithium-ion
IBM Research said it has created a battery design that doesn’t use heavy metals and could ultimately outperform lithium-ion batteries on multiple fronts. The IBM Research battery is built with materials extracted from seawater and would minimize the need to mine. The IBM Research battery uses a cobalt and nickel free cathode material along with… Continue reading IBM Research says new battery design lacks heavy metals, can perform better than lithium-ion
Cars Are Secretly Spying on Us
Spy Car Your car is likely capturing hundreds of data points about you and your driving, and secretly sending it to the manufacturer. Hacking into a 2017 Chevrolet for The Washington Post, tech writer Geoffrey Fowler learned that the car had been tracking his location, monitoring activity on the cell phone he had connected, and… Continue reading Cars Are Secretly Spying on Us
FCA-PSA deal “good”, govt will monitor impact – Italy’s FinMin
ROME, Dec 18 (Reuters) – Italy’s Finance Minister Roberto Gualtieri on Wednesday welcomed the binding merger agreement between Fiat Chrysler and Peugeot maker PSA saying it was “good” and said Rome would keep on eye on the deal’s effects on jobs and investments. “The government welcomes this alliance and will continue to closely monitor the… Continue reading FCA-PSA deal “good”, govt will monitor impact – Italy’s FinMin
Marshall confirms Jardine Volkswagen Group dealership acquisitions
Marshall Motor Holdings has completed the £22.3 million acquisition of eight Volkswagen Group franchised car dealerships from Jardine Motors. As exclusively reported by AM last week, the AM100 retail group has completed a deal to acquire six Volkswagen passenger car franchises in Aylesbury, Harlow, Letchworth, Loughton, Milton Keynes and St Albans together with a Volkswagen… Continue reading Marshall confirms Jardine Volkswagen Group dealership acquisitions
Mercedes EQA teaser reveals an electric counterpart to the GLA
Sponsored Links Mercedes-Benz Mercedes has posted a teaser for the production EQA, and it doesn’t appear share much of anything in common with the 2018 concept EV. The near-finished vehicle is now positioned as an “electric brother” of the 2021 GLA crossover, complete with a virtually identical side profile. Mercedes hasn’t said much more, but… Continue reading Mercedes EQA teaser reveals an electric counterpart to the GLA