UK supercar maker and Formula 1 team McLaren plans to cut more than a quarter of its workforce after the coronavirus crisis hit sales and advertising revenue. The firm employs about 4,000 people, and of the 1,200 to be made redundant, the vast majority will be in the UK. Formula 1 racing has been suspended,… Continue reading McLaren to cut 1,200 jobs as virus hits demand
Tag: FCA
Fiat Chrysler Nears $6.9 Billion State-Backed Loan From Intesa
Lender Intesa Sanpaolo SpA is nearing approval of a 6.3 billion-euro ($6.9 billion) credit facility for Fiat Chrysler Automobiles NV, in what would be Europe’s biggest government-backed financing to a carmaker since the start of the coronavirus pandemic.
REFILE-Fiat Chrysler/Peugeot deal in spotlight after Exor setbacks
(Repeats with byline) By Giulio Piovaccari MILAN, May 14 (Reuters) – Fiat Chrysler’s decision to scrap its dividend marks another setback for plans by the Agnelli family’s Exor arm to raise cash after a $9 billion sale of its reinsurer unit PartnerRe collapsed this week. Fiat Chrysler (FCA) and French Peugeot owner PSA, which have… Continue reading REFILE-Fiat Chrysler/Peugeot deal in spotlight after Exor setbacks
Ferrari Pricing of Issue of Notes
Maranello (Italy), 20 May 2020 – Ferrari N.V. (NYSE/MTA: RACE) (the “Issuer”) today announces the pricing of a Euro 650 million issue of notes due in May 2025 (the “Notes”), being the initial offering for a minimum benchmark size more than five times oversubscribed. The issue price of the Notes is equal to 98.898% of… Continue reading Ferrari Pricing of Issue of Notes
FCA Begins Work At Mirafiori On Vehicle-To-Grid Pilot Project
Work has begun at Mirafiori on the FCA-ENGIE Eps Vehicle-to-Grid pilot project The COVID-19 outbreak has not put a stop to the cooperation between Fiat Chrysler Automobiles and ENGIE Eps, nor to their commitment to support the deployment of electric mobility. Since the announcement with Terna in September of the intention to jointly experiment with… Continue reading FCA Begins Work At Mirafiori On Vehicle-To-Grid Pilot Project
@Ferrari: Ferrari Pricing of Issue of Notes
Maranello (Italy), 20 May 2020 – Ferrari N.V. (NYSE/MTA: RACE) (the “Issuer”) today announces the pricing of a Euro 650 million issue of notes due in May 2025 (the “Notes”), being the initial offering for a minimum benchmark size more than five times oversubscribed. The issue price of the Notes is equal to 98.898% of… Continue reading @Ferrari: Ferrari Pricing of Issue of Notes
CORRECTED-At Fiat Chrysler’s Brazil plant, production resumes with safety checks
BETIM, Brazil (Reuters) – Before going to work these days, employees at the Brazilian unit of Fiat Chrysler Automobiles (FCHA.MI) have to get a health check using a mobile app every morning. Fiat Chrysler Automobiles assembly workers build a 2020 Argo, amid the spread of the coronavirus disease (COVID-19), at the Assembly Plant in Betim… Continue reading CORRECTED-At Fiat Chrysler’s Brazil plant, production resumes with safety checks
At Fiat Chrysler’s Brazil plant, production resumes with safety checks
BETIM, Brazil (Reuters) – Before going to work these days, employees at the Brazilian unit of Fiat Chrysler Automobiles (FCHA.MI) have to get a health check using a mobile app every morning. Fiat Chrysler Automobiles assembly workers build a 2020 Argo, amid the spread of the coronavirus disease (COVID-19), at the Assembly Plant in Betim… Continue reading At Fiat Chrysler’s Brazil plant, production resumes with safety checks
FCA-PSA deal terms ‘set in stone’ for 50-50 merger
MILAN (Reuters) – Terms of a planned merger between Fiat Chrysler (FCHA.MI) and Peugeot-owner PSA (PEUP.PA) are set in stone, FCA’s chairman said on Wednesday, brushing off talk that some aspects of the deal might be re-negotiated because of the COVID-19 crisis. FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in… Continue reading FCA-PSA deal terms ‘set in stone’ for 50-50 merger
Ferrari Announces Offering of Notes
Maranello, 20 May, 2020 – Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) announced today that it plans to offer unsecured debt securities (the “Notes”) in benchmark size and subject to market conditions. The Notes are intended to rank pari passu with respect to all other outstanding unsecured and unsubordinated obligations of Ferrari.Ferrari intends to use the net… Continue reading Ferrari Announces Offering of Notes