Maranello (Italy), 25 November 2019 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the third tranche of the common share buyback program announced on 14 November 2019 (“Third Tranche”), the Company has purchased additional common shares – reported in aggregate form, on a daily basis – on the Italian Stock Exchange… Continue reading @Ferrari: Ferrari N.V.: periodic report on the buyback program
Tag: FCA
Fiat Chrysler has started 90% of planned investments in Italy: executive
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/File Photo MILAN (Reuters) – Fiat Chrysler (FCHA.MI) has already started 90% of the investments earmarked for Italy, the auto maker’s Chief Operating Officer for the EMEA region Pietro Gorlier said on… Continue reading Fiat Chrysler has started 90% of planned investments in Italy: executive
Fiat Chrysler racketeering suit a ‘distraction’ from PSA, UAW talks
General Motors Co.’s racketeering lawsuit against Fiat Chrysler Automobiles NV is a distraction for the Italian-American automaker in the middle of negotiations for a labor contract with the United Auto Workers union and for a merger with French automaker Groupe PSA, experts say. GM alleges Fiat Chrysler’s late-CEO Sergio Marchionne orchestrated a multimillion-dollar conspiracy, including bribes, that corrupted three… Continue reading Fiat Chrysler racketeering suit a ‘distraction’ from PSA, UAW talks
FCA and UAW negotiators must be transparent in light of GM lawsuit
CLOSE Former UAW President Gary Jones shakes hands with FCA North America Chief Operating Officer Mark Stewart at the FCA headquarters in Auburn Hills as the leadership teams from both sides began contract negotiations this summer. Jones has resigned in the midst of the federal corruption probe, and General Motors claims FCA has corrupted contract… Continue reading FCA and UAW negotiators must be transparent in light of GM lawsuit
PSA still aiming to sign MoU with FCA in December: source
FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane Mahe/File Photo PARIS (Reuters) – French carmaker PSA (PEUP.PA) remains focused on its merger talks with Fiat Chrysler Automobiles (FCA) (FCHA.MI) and is still aiming to sign a memorandum… Continue reading PSA still aiming to sign MoU with FCA in December: source
Michelin and Faurecia to invest 140 million euros in Symbio hydrogen mobility JV
Michelin also claims that hydrogen fuel cells are particularly suitable for intensive use and for those who need greater autonomy. New Delhi: Michelin and Faurecia have decided to invest 140 million euros in Symbio hydrogen mobility joint venture company, claims the tyre manufacturer. Michelin also says that the JV will combine hydrogen fuel cell dedicated… Continue reading Michelin and Faurecia to invest 140 million euros in Symbio hydrogen mobility JV
A Maserati-Engined Test Mule Has Emerged – In Maserati’s Own ‘Spy Shots’ – Car Throttle
Maserati has let its latest prototype, driven by a completely in-house Maserati-built powertrain, ‘loose’ on the street outside its factory, in a weird attempt at taking its own spy shots Maserati has revealed pictures of the test mule that bears its new and totally in-house powertrain. Wrapped in a camouflage reminiscent of the ‘save the… Continue reading A Maserati-Engined Test Mule Has Emerged – In Maserati’s Own ‘Spy Shots’ – Car Throttle
Tesla unveils electric pickup truck, futuristic design ignites controversy
(Reuters) – Tesla Inc (TSLA.O) on Thursday unveiled its first electric pickup truck that looked like a futuristic angular armored vehicle in gunmetal gray, as the California company took aim at the heart of Detroit automakers’ profits. FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the automobile awards… Continue reading Tesla unveils electric pickup truck, futuristic design ignites controversy
GM’s first electric pickup truck will go on sale in 2021 (GM)
General Motors’ first electric pickup truck model will go on sale in the fall of 2021, the company’s top executive said on Thursday, around the same time as electric carmaker Tesla’s own model is expected to debut. “General Motors understands truck buyers and… people who are new coming into the truck market,” Chief Executive Officer… Continue reading GM’s first electric pickup truck will go on sale in 2021 (GM)
Falling pay, Top 50 used car dealers, motor finance
Motor dealers have seen a fall in their pay over the past year as commissions and incentives were cut. This is not surprising given the pressure on the new car market. Even the used car market has felt the pain in recent months with a fall in values hitting the bottom line. The pay pain… Continue reading Falling pay, Top 50 used car dealers, motor finance