BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating profit by 2022. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car… Continue reading UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
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Alfa Romeo to Challenge Ferrari, Porsche With a New Supercar
LISTEN TO ARTICLE SHARE THIS ARTICLE Alfa Romeo announced on Friday that it will produce a supercar that could go up against the likes of Ferrari, McLaren, and Porsche. The upcoming coupe, which will be called the 8C, will run on a turbo-charged mid-engine, using an all-wheel-drive electric drive system. Total output will equal at least 700 horsepower,… Continue reading Alfa Romeo to Challenge Ferrari, Porsche With a New Supercar
TABLE- Top 20 vehicles sold in US in May
June 1 (Reuters) – The following are the 20 top-selling vehicles in the United States in May as reported by the automakers and ranked by total units: RANK VEHICLE May-2018 May-2017 PCT CHNG 1 Ford F-Series P/U 84,639 76,027 +11.3 2 Ram P/U 46,781 44,850 +4.3 3 Nissan Rogue 38,413 32,533 +18.1 4 Toyota RAV4… Continue reading TABLE- Top 20 vehicles sold in US in May
Ford Motor Co’s Canada auto sales slide in May
June 1 (Reuters) – Ford Motor Co on Friday reported a 3.3 percent drop in Canadian auto sales in May. Total car sales for the month slumped 17.4 percent to 4,634 from a year earlier, while total trucks sales fell marginally to 28,723. (Reporting by Taenaz Shakir in Bengaluru; Editing by Anil D’Silva) Go to… Continue reading Ford Motor Co’s Canada auto sales slide in May
Flue gas scandal: Transport Minister Scheuer threatens Daimler with fines of nearly four billion euros
Scouring and Zetsche 5000 Euro order money per vehicle? (Photo: AP) HamburgFür Daimler it comes in the diesel scandal possibly schlüppeldick: Should be true that the car company similar to competitors Volkswagen has cheated on exhaust emissions, threatens the Stuttgartern according to a magazine report, a fine of almost four billion euros. Der Spiegel reported… Continue reading Flue gas scandal: Transport Minister Scheuer threatens Daimler with fines of nearly four billion euros
Canada auto sales fall marginally in May
(Reuters) – Canada’s auto sales recorded a small dip in May as strong sales of light trucks failed to offset slowing demand for passenger cars. Overall auto sales fell 0.7 percent in May, with passenger cars posting a 9.4 percent decline to 68,070 units, according to research firm DesRosiers Automotive Consultants. In contrast, light truck… Continue reading Canada auto sales fall marginally in May
FCA in talks with Santander Consumer USA over car financing JV
BALOCCO, Italy (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) wants to set up its own car financing business in the United States under a new five-year plan and is in talks with Santander Consumer USA (SCUSA) (SC.N) to buy its share in their joint venture. Fiat Chrysler Automobiles logo is seen on a panel at the… Continue reading FCA in talks with Santander Consumer USA over car financing JV
May 2018 U.S. LV Sales Thread: Industry to Hit 16.8 Million SAAR
MAY 2018 US LV SALES FORECAST v REPORTED UNITS Forecast LV Sales 1.56 million Actual LV Sales 1.58 million Forecast LV SAAR 16.6 million Actual LV SAAR 16.8 million Wards Intelligence tracks light-vehicle (LV) deliveries throughout sales reporting day. Monthly year-over-year change represents the change in daily sales rate (DSR). May had 26 …… Continue reading May 2018 U.S. LV Sales Thread: Industry to Hit 16.8 Million SAAR
California will allow autonomous cars to pick up passengers
Getty Images California is launching two pilot programs that will allow autonomous vehicles to pick up passengers in the state, the San Francisco Examiner reports. One will let companies pick up passengers with their self-driving cars as long as a safety driver is behind the wheel. The other will allow for passenger pickup without a… Continue reading California will allow autonomous cars to pick up passengers
Leading Fiat Out of the Desert
Sergio Marchionne once defined his mission at Fiat Chrysler Automobiles NV — a company formed via the unlikely union of two hobbled automotive also-rans — in almost biblical terms. “We need to be able to cross the desert,” the CEO told investors in 2016 as he looked at the technological revolution facing the industry. “We… Continue reading Leading Fiat Out of the Desert