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UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese

DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCA) (FCHA.MI) (FCAU.N) has no intention of breaking up the company or selling individual brands to China or other parties, the company’s chief executive said on Monday, adding that the group was counting on its coveted Jeep brand to drive future profits. “We’re not going to break up… Continue reading UPDATE 1-Fiat Chrysler CEO says no plans to sell brands to Chinese

Ferrari SUV must look and drive like a Ferrari, says Marchionne

Fiat Chrysler boss Sergio Marchionne has reconfirmed his plans to build a Ferrari SUV – but reassured fans it will not dilute the brand’s DNA. The colourful CEO initially indicated his intention to build an SUV – or FUV (Ferrari Utility Vehicle) in November 2017 and has since seen Lamborghini enter the market by launching… Continue reading Ferrari SUV must look and drive like a Ferrari, says Marchionne

Fiat Chrysler boss says no plans to break up company

DETROIT (Reuters) – Fiat Chrysler Automobiles NV’s (FCHA.MI) (FCAU.N) CEO has no intention of breaking up the company or selling off individual brands to China or any other parties, he said on Monday, adding the group was counting on its coveted Jeep brand to drive profit. Speaking at the Detroit auto show, Chief Executive Sergio… Continue reading Fiat Chrysler boss says no plans to break up company

Renault beats its third consecutive sales record

Renault and its Nissan and Mitsubishi partners will they be able to claim first step of the podium of automakers in 2017 ? It will be necessary to wait for the commercial results of the other actors, at the beginning of February, to know it, but the French manufacturer will in any case largely made… Continue reading Renault beats its third consecutive sales record

U.S. automakers bet on diesel trucks after VW scandal

DETROIT, Jan 15 (Reuters) – U.S. automakers are unveiling new diesel pickup trucks even as diesel sales have fallen sharply since Volkswagen AG’s 2015 diesel emissions scandal. General Motors Co said at the Detroit auto show it would offer a diesel 2019 Chevrolet Silverado pickup truck and now offers diesel versions of its Equinox, Cruze,… Continue reading U.S. automakers bet on diesel trucks after VW scandal

BRIEF-Fiat Chrysler CEO says no woman among successor candidates

Jan 15 (Reuters) – Fiat Chrysler Automobiles Chief Executive Sergio Marchionne tells reporters in Detroit: * THERE IS NO WOMAN AMONG CANDIDATES CONSIDERED AS HIS SUCCESSOR * WILL KEEP HIS POST AS CHAIRMAN AT CNH INDUSTRIAL FOR NOW Further company coverage: (Reporting by Milan newsroom) Our Standards:The Thomson Reuters Trust Principles.

Over a million units sold in Europe for the Toyota Group

With 1,001,662 vehicles sold in 2017, the Japanese saw its sales rise by 8% on the Old Continent and reach a market share of 4.8%. In addition, 40% of sales are hybrid-electric. “2017 was a very good year for us, we have passed the one million mark in a difficult market and we are ahead… Continue reading Over a million units sold in Europe for the Toyota Group

BRIEF-Fiat Chrysler CEO: makes more sense to buy back shares than pay dividends

Jan 15 (Reuters) – Fiat Chrysler Automobiles (FCA) CEO Sergio Marchionne told reporters in Detroit: * BELIEVES MAKES MORE SENSE TO USE CASH TO BUY BACK SHARES THAN TO PAY OUT DIVIDEND * WHEN ASKED ABOUT A POTENTIAL JEEP SPIN-OFF, SAYS SEPARATING BRANDS FROM THE GROUP IS A “COMPLEX MATTER”, WOULD NOT DISTANCE HIMSELF FROM… Continue reading BRIEF-Fiat Chrysler CEO: makes more sense to buy back shares than pay dividends

Failed on ignition for the Kwid in Brazil

While Renault had high hopes for the launch of the Kwid in Latin America, the French manufacturer had some failures in ignition in Brazil. Sold in India for two years, this little car with very low costs had been launched in Brazil last September at a price of 30,000 to 40,000 reals (between 8,000 and… Continue reading Failed on ignition for the Kwid in Brazil