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
Tag: FCA
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
Italy tax authorities say Fiat underestimated value of Chrysler by $5.6 bln
FCA said the issuance of a final audit report starts a 60-day negotiation period, which ends with the issuance of a final audit assessment expected to be received by the end of December 2019. MILAN: Italian tax authorities believe that Fiat Chrysler Automobiles underestimated the value of its U.S. business by 5.1 billion euros ($5.6… Continue reading Italy tax authorities say Fiat underestimated value of Chrysler by $5.6 bln
UAW union leaders recommend approval of Fiat Chrysler labor deal
DETROIT (Reuters) – United Auto Workers leaders from Fiat Chrysler Automobiles NV’s (FCHA.MI) (FCAU.N) U.S. plants on Wednesday recommended approval of a tentative labor agreement that would allow the Italian-American automaker to avoid a strike as it works to merge with France’s Groupe PSA. (PEUP.PA) FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen… Continue reading UAW union leaders recommend approval of Fiat Chrysler labor deal
After Mustang SUV, calls for Corvette SUV grow
An electric Mustang SUV will hit dealerships late next year. When will Corvette follow suit? The positively received debut of Ford’s battery-powered Mustang Mach-E in Los Angeles last month (with the automaker hinting that it could develop a full Mustang sub-brand) has turned up the heat on Chevrolet to expand its Corvette lineup as well. Morgan Stanley… Continue reading After Mustang SUV, calls for Corvette SUV grow
Former UAW official pleads guilty to accepting kickbacks
DETROIT (Reuters) – Former United Auto Workers vice president Joseph Ashton pleaded guilty on Wednesday to conspiracy to commit money laundering and wire fraud as part of a wide-ranging federal corruption probe into the union. FILE PHOTO: United Auto Workers (UAW) vice-president Joseph Ashton addresses the attendees at the UAW Constitutional Convention in Detroit, Michigan,… Continue reading Former UAW official pleads guilty to accepting kickbacks
Exclusive: Alibaba-backed startup AutoX applies for driver-less test permit in California
(Reuters) – Chinese startup AutoX, backed by e-commerce giant Alibaba, has applied to test self-driving vehicles without an in-car backup driver in California, the first challenger to Alphabet Inc’s autonomous driving venture Waymo to say it has done so. FILE PHOTO: A Waymo autonomous vehicle (formerly the Google self-driving car project) is displayed at the… Continue reading Exclusive: Alibaba-backed startup AutoX applies for driver-less test permit in California
@FCA: En noviembre FCA México reportó ventas por 6,395 unidades
En noviembre FCA México reportó ventas por 6,395 unidades Chrysler Pacifica reportó una mejora de 11% respecto a 2018 Fiat Mobi aumentó sus ventas 23% versus noviembre de 2018 Jeep® aumentó sus ventas 2% comparado con 2018 Ram aumentó sus ventas 33% versus el mismo periodo del año anterior; mejor noviembre en su historia, impulsado… Continue reading @FCA: En noviembre FCA México reportó ventas por 6,395 unidades
McLaren looks to Asia and hybrid cars to stay on track
DETROIT (Reuters) – British exotic sports car maker McLaren Automotive will bank on expanded sales in Asia and a new generation of hybrid cars as it steers toward a potential public offering, the company’s chief executive said on Tuesday. FILE PHOTO: The McLaren Grand Tourer is seen during a world premiere at the Top Marques… Continue reading McLaren looks to Asia and hybrid cars to stay on track
Press Releases – Automated driving: EU auto makers publish ‘check-list’ for policy makers
Brussels, 3 December 2019 – As part of its vision to make road transport smarter and more convenient, the European Automobile Manufacturers’ Association (ACEA) has drawn up a check-list of rules and regulations that need to be put in place to make automated driving a reality in the EU. “Automated driving is a paradigm shift… Continue reading Press Releases – Automated driving: EU auto makers publish ‘check-list’ for policy makers