Tag: FCA

@FCA: Christmas Tree Atop New FCA Plant Marks More than Just the Holidays

December 13, 2019 , Detroit – FCA today raised a Christmas tree to “top off” the new paint shop being built as part of a $1.6 billion investment to construct a new assembly plant on Detroit’s eastside. While most recognize the evergreen tree as a classic symbol of the holiday season, for the ironworkers who spent the… Continue reading @FCA: Christmas Tree Atop New FCA Plant Marks More than Just the Holidays

Exclusive: French want PSA-Fiat board guarantee in $50 billion merger – sources

PARIS/MILAN (Reuters) – French shareholders in the planned merger of PSA and Fiat Chrysler are seeking reassurances that they will retain a numerical advantage on a combined board if CEO Carlos Tavares leaves, two sources close to PSA said. FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships… Continue reading Exclusive: French want PSA-Fiat board guarantee in $50 billion merger – sources

@FCA: FCA Canada Employees and Retirees Pledge Over $1 Million to United Way/Centraide Windsor-Essex County 2020 Campaign

December 13, 2019 , Windsor, Ontario – During a special presentation at FCA Canada’s headquarters today, FCA Canada announced an employee donation of $1,167,535 to the United Way/Centraide Windsor-Essex County 2020 campaign. This marks the largest donation in the Windsor-Essex community this year and the 34th consecutive year of FCA Canada employees and retirees donating over… Continue reading @FCA: FCA Canada Employees and Retirees Pledge Over $1 Million to United Way/Centraide Windsor-Essex County 2020 Campaign

Jeep to build sub-Renegade SUV – Motor Authority

Jeep will add an SUV positioned below its compact Renegade, revealed Marco Pigozzi, the brand’s European head of marketing. In an interview with Auto Express published on Thursday, Pigozzi said the vehicle will stretch just over 13 feet in length but won’t compromise Jeep’s reputation for off-road capability. In comparison, the Renegade stretches close to… Continue reading Jeep to build sub-Renegade SUV – Motor Authority

UPDATE 1-PSA calls supervisory board meeting for Tuesday for possible FCA deal review – sources

FILE PHOTO: The logo of PSA Peugeot Citroen is seen at the company’s plant in Poissy, near Paris, October 31, 2019. REUTERS/Charles Platiau PARIS (Reuters) – French carmaker PSA (PEUP.PA) could discuss a merger deal with rival Fiat Chrysler (FCHA.MI) at a meeting of its supervisory board it has called for Tuesday, two sources familiar… Continue reading UPDATE 1-PSA calls supervisory board meeting for Tuesday for possible FCA deal review – sources

Ferrari N.V. signs a new syndicated revolving credit facility

Maranello (Italy), 12 December 2019 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that it has signed on 11 December a Euro 350 million unsecured committed revolving credit facility, intended for general corporate and working capital purposes (the “New RCF”).The New RCF, entered into with a group of twelve banks, has a five-year… Continue reading Ferrari N.V. signs a new syndicated revolving credit facility

Ferrari CEO expects fully-electric car after 2025

MARANELLO: Ferrari will issue its first fully electric model after 2025, with battery technology still requiring more development, Chief Executive Louis Camilleri said.Ferrari has previously said a fully electric vehicle would be launched after the current industrial plan ends in 2022. Analysts have said they do not expect it before 2023. a { color: #000;… Continue reading Ferrari CEO expects fully-electric car after 2025

Ferrari CEO does not expect fully-electric model until after 2025

MARANELLO, Italy (Reuters) – Ferrari won’t have its first fully electric model ready until after 2025 as the battery technology requires more development, Chief Executive Louis Camilleri said, pushing back expectations. The Ferrari logo is pictured as Ferrari Roma is unveiled during its first world presentation in Rome, Italy, November 14, 2019. REUTERS/Guglielmo Mangiapane The… Continue reading Ferrari CEO does not expect fully-electric model until after 2025