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
Tag: Strategy
McLaren Group welcomes new shareholder
McLaren Group is pleased to confirm that Michael Latifi, a Canadian businessman, has become a shareholder, in a move that significantly strengthens the group’s balance sheet and underpins its ambitious growth plans. McLaren announced on 14 May it had sold shares to Nidala (BVI) Limited, controlled by Michael Latifi. McLaren Group encompasses the McLaren Automotive,… Continue reading McLaren Group welcomes new shareholder
SKODA AUTO DigiLab collaborates with Israeli start-ups
ŠKODA AUTO DigiLab Israel Ltd is ŠKODA AUTO’s scout looking for start-ups in Tel Aviv to collaborate on future shared business ideas. At the end of 2017, ŠKODA AUTO founded the joint venture together with the Israeli importer Champion Motors. At the beginning of 2018, the team at ŠKODA AUTO DigiLab Israel Ltd started work… Continue reading SKODA AUTO DigiLab collaborates with Israeli start-ups
Fiat Chrysler aims to double profits, pay dividends in new plan
BALOCCO, Italy (Reuters) – Fiat Chrysler expects to at least double adjusted operating profits and return to an investment grade rating and dividends under a new plan to 2022, helped by strong growth from its Jeep SUV brand and an expansions of its premium product portfolio. FILE PHOTO: Fiat Chrysler Automobiles’ (FCA) U.S. headquarters is… Continue reading Fiat Chrysler aims to double profits, pay dividends in new plan
UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) Sergio Marchionne laid out his final strategic vision as chief executive on Friday with a focus on sport utility vehicles and a 9 billion euro ($10.5 billion)investment plan for electric and hybrid cars. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car dealership in New Jersey,… Continue reading UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel
Ford India sales up 11% to 26,188 units in May
NEW DELHI: Ford India has reported 11.42 per cent rise in total sales at 26,188 units in May against 23,503 units in the same month last year. The company said its domestic sales stood at 9,069 units last month as against 6,742 units in May 2017, up 34.51 per cent. Exports grew to 17,119 units… Continue reading Ford India sales up 11% to 26,188 units in May
Maserati’s Plans to Speed Past Tesla
LISTEN TO ARTICLE SHARE THIS ARTICLE Maserati isn’t even trying to hide its ambitions — it’s out to get Tesla. Its weapon of choice: the full-electric Alfieri sportscar, with a top speed exceeding 186 miles per hour (about 300 km/h) and an acceleration from zero to 62 mph in less than two seconds. By comparison,… Continue reading Maserati’s Plans to Speed Past Tesla
Alibaba, RoboSense launch unmanned vehicle using solid-state LIDAR
The most important feature of the driverless delivery vehicle called G Plus is the solid-state LiDAR technology, the RS-LiDAR-M1Pre, developed by China’s RoboSense. This is the first time that solid-state LiDAR has been used in the development of an unmanned vehicle,clsim the companies, heralding the beginning of the solid-state LiDAR era in driverless vehicles. RoboSense… Continue reading Alibaba, RoboSense launch unmanned vehicle using solid-state LIDAR
Tata Motors domestic sales up 58% in May
NEW DELHI: Tata Motors today posted 58 per cent jump in domestic sales at 54,295 units in May, led by robust sales in commercial and passenger vehicle (PV) segments. The company had sold 34,461 units during the same month last year, Tata Motors said in a statement. Domestic sales of commercial vehicles in the month… Continue reading Tata Motors domestic sales up 58% in May
(2nd LD) Hyundai mulls investing in local car-manufacturing JV
(ATTN: ADDS Gwangju City’s comment in last 2 paras) By Choi Kyong-ae SEOUL, June 1 (Yonhap) — Hyundai Motor Co., South Korea’s largest carmaker by sales, said Friday it is considering investing in a local car-manufacturing joint venture (JV) proposed by a municipal government. The Gwangju city government seeks to establish a vehicle production JV… Continue reading (2nd LD) Hyundai mulls investing in local car-manufacturing JV