Brussels, 10 December 2019 – The EU, US, Japanese and Korean automobile manufacturers have joined forces to express their concerns about the impending blockage of the decision-making process in the World Trade Organisation’s (WTO) appellate body structure. The global coalition of automobile manufacturers calls on all WTO member countries to swiftly resolve the current impasse… Continue reading Press Releases – Global auto manufacturers call for resolution of WTO impasse
Tag: FCA
Waymo’s driverless car: ghost-riding in the back seat of a robot taxi – The Verge
I’m in the middle seat of a Chrysler Pacifica minivan, heading north on Dobson Road in Chandler, Arizona, when I notice we may have taken a wrong turn. Under normal circumstances, I would just lean forward and ask the driver for an explanation. But in this case, that’s not possible. There is, after all, no… Continue reading Waymo’s driverless car: ghost-riding in the back seat of a robot taxi – The Verge
@Hyundai: The Secrets Behind Hyundai/Kia Motors’ Appreciation in Europe Robust Driving Performance Polished on European Roads
One of the reasons for increased popularity of Hyundai/Kia autos is that its driving performance is being developed to suit European tastes Interest in and penchant for automobiles in Europeans are special; they take pride in the fact that Europe is the birthplace of the automobile, where the automotive industry and driving culture have sprung.… Continue reading @Hyundai: The Secrets Behind Hyundai/Kia Motors’ Appreciation in Europe Robust Driving Performance Polished on European Roads
Fiat Chrysler challenges Italy tax agency over value of US business
Reuters Published 5:18 p.m. ET Dec. 5, 2019 | Updated 5:18 p.m. ET Dec. 5, 2019 Milan, Italy — Fiat Chrysler Automobiles has challenged a claim by Italy’s tax authorities over the valuing of its U.S. Chrysler business that could leave it with an unwanted tax bill just days ahead of an expected key merger… Continue reading Fiat Chrysler challenges Italy tax agency over value of US business
Exclusive: China’s Dongfeng plans partial sale of PSA stake – sources
China’s Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, people close to the matter said.Fiat Chrysler and PSA announced in October they would join forces in a 50-50 share merger to create the world’s fourth-largest automaker, seeking scale to cope with costly new technologies and slowing global demand.Shrinking Dongfeng’s stake could help get the deal past U.S. regulators, at a time of heightened trade tensions between Washington and Beijing.
Aston Martin not actively pursuing new investors as opens SUV plant
ST ATHAN, Wales (Reuters) – Aston Martin (AML.L), which was reported this week to be the target of Canadian billionaire Lawrence Stroll, said it was not actively pursuing new investors on Friday as it opened a new factory to build its first sport utility vehicle. A name plate for the James Bond 1965 Aston Martin… Continue reading Aston Martin not actively pursuing new investors as opens SUV plant
China’s Dongfeng plans partial sale of Peugeot owner PSA stake
China’s Dongfeng Motor will likely trim its stake in Peugeot owner PSA after hiring banks to study options, people close to the matter said, in a move that could ease the French carmaker’s planned merger with Fiat Chrysler (FCA). Dongfeng has a 12.2% equity stake in the French carmaker, and would have about half of that in the… Continue reading China’s Dongfeng plans partial sale of Peugeot owner PSA stake
Italy ‘claims FCA undervalued Chrysler
Bloomberg reported Thursday that Italian tax authorities have claimed Fiat Chrysler Automobiles underestimated the value of its American business by 5.1 billion euros ($5.6 billion) following its phased acquisition of Chrysler several years ago, presenting the carmaker with a potentially hefty bill as it prepares to merge with French rival PSA Group.Fiat Chrysler is now registered in the Netherlands with a tax residence in the U.K. – not Turin, Fiat’s home for more than a century.The move triggered the so-called exit tax that Italy collects on capital gains realized when companies move assets outside the country.
Billionaire Lawrence Stroll seeks big stake in Aston Martin: report
LONDON (Reuters) – Canadian billionaire Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake in Aston Martin (AML.L), Autocar magazine reported, sending the luxury sports car maker’s battered shares up 17% on Thursday. FILE PHOTO: A James Bond 1965 Aston Martin DB5 coupe is displayed at Sotheby’s… Continue reading Billionaire Lawrence Stroll seeks big stake in Aston Martin: report
Fiat Chrysler disagrees with Italy tax agency on underestimating U.S. business
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook MILAN (Reuters) – Fiat Chrysler Automobiles (FCHA.MI) said on Thursday it strongly disagreed with a tax authority claim that it had underestimated the value of its U.S. business following its acquisition… Continue reading Fiat Chrysler disagrees with Italy tax agency on underestimating U.S. business