We’ve kind of been here before (insert Renault where you see PSA), but the news that FCA (think Fiat, Jeep, Alfa Romeo, Chrysler, Maserati, Abarth, Dodge and others) is joining forces with PSA (Peugeot, Citroen, Vauxhall/Opel, DS) fills me with huge excitement. Sadly that’s not the case everywhere, with Unite union boss and doom-monger-in-chief Des… Continue reading ‘Think of what PSA/FCA can do, not what they can’t’
Tag: FCA
Analysis: The numbers behind the FCA-PSA merger
The FCA-PSA tie-up gathers 15 brands under the same roof The agreed merger between Fiat Chrysler Automobiles and the PSA Group will create the world’s fourth-largest car company based on sales. The two European firms last week announced their intention to create a new entity owned 50/50 between the two but led by PSA’s CEO, Carlos Tavares. PSA will… Continue reading Analysis: The numbers behind the FCA-PSA merger
Take a peek inside Lyft’s lab where 400 engineers are working on self-driving cars – CNBC
Lyft, the second largest ride-hailing service in the U.S., once helped disrupt the taxi industry. Now, the company is working hard to avoid being disrupted itself as self-driving cars turn from sci-fi into reality. According to Taggart Matthiesen, vice president of product at Lyft’s Autonomous Group, the company has assigned around 400 of its engineers… Continue reading Take a peek inside Lyft’s lab where 400 engineers are working on self-driving cars – CNBC
Expect FCA-Peugeot merger plans to be ‘elephant’ in room during UAW talks
CLOSE The proposed merger of Fiat Chrysler and the company that controls the Peugeot brand is expected to have an impact on FCA’s bargaining with the UAW. (Photo: PSA) The real impact of the expected merger of Fiat Chrysler Automobiles and Peugeot will take some time to become clear, but an early test could come… Continue reading Expect FCA-Peugeot merger plans to be ‘elephant’ in room during UAW talks
Ferrari appoints Rocco Iannone as new Brand Diversification Creative Director
Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) is pleased to announce the appointment of Rocco Iannone as its Brand Diversification Creative Director. Starting from November 4, Mr. Iannone takes responsibility for developing the creative content, design and image of all of Ferrari’s own and licenced apparel and accessories collections. The 35-year-old holds a Fashion Degree from Milan’s… Continue reading Ferrari appoints Rocco Iannone as new Brand Diversification Creative Director
European factories at risk in Peugeot-Fiat merger
FRANKFURT (Reuters) – Fiat Chrysler and Peugeot owner PSA’s pledge not to close factories if they merge is likely to come under heavy strain as the combined group would have spare production capacity of almost six million vehicles in a slowing autos market. FILE PHOTO: Logos of Peugeot and Fiat are seen in this illustration… Continue reading European factories at risk in Peugeot-Fiat merger
Citroën To Electrify Its Van Lineup: Jumper, Jumpy and Berlingo
Citroën Jumper and Jumpy BEVs coming in 2020, while the next-generation Berlingo goes electric in 2021. Citroën intends to electrify all its models – passenger and Light Commercial Vehicles by 2025. While the first passenger plug-in models are just around the corner, let’s take a look at the upcoming LCVs (Jumpy, Jumper and New Berlingo… Continue reading Citroën To Electrify Its Van Lineup: Jumper, Jumpy and Berlingo
Solid Q3 2019 on all metrics
Robust performance leads to upgrading 2019 guidance Ferrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results(5) for the third quarter and nine months ended September 30, 2019, summarized as follows: Total shipments of 2,474 units, up +9.4% Net revenues of Euro 915 million, up +9.2% or +7.1% at constant currency(1) Adj. EBITDA(2) of Euro… Continue reading Solid Q3 2019 on all metrics
Ferrari looks to capitalize on brand name as it promises faster growth
MILAN (Reuters) – Strong sales of Ferrari’s (RACE.MI) Portofino and 812 Superfast models enabled the Italian luxury carmaker to raise its outlook on Monday, with a new brand strategy promising even more growth. FILE PHOTO: The new Ferrari Portofino is displayed during the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 12, 2017. REUTERS/Ralph Orlowski/File… Continue reading Ferrari looks to capitalize on brand name as it promises faster growth
Ferrari: Solid q3 2019 on All Metrics. ROBUST PERFORMANCE LEADS TO UPGRADING 2019 GUIDANCE.
Ferrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results(5) for the third quarter and nine months ended September 30, 2019, summarized as follows. Total shipments of 2,474 units, up +9.4%Net revenues of Euro 915 million, up +9.2% or +7.1% at constant currencyAdj. EBITDA of Euro 311 million, up +11.5% with an EBITDA margin of 33.9%Adj.… Continue reading Ferrari: Solid q3 2019 on All Metrics. ROBUST PERFORMANCE LEADS TO UPGRADING 2019 GUIDANCE.