Tag: FCA

@FCA: FCA UAW-Represented Employees to Receive 2019 Profit Sharing Payments

February 6, 2020 , Auburn Hills, Mich. – Based on the Company’s 2019 financial performance, FCA US LLC announced today that the eligible profit sharing amount of $7,280 will be paid to UAW-represented employees on March 13, 2020. Approximately 44,000 employees are eligible to receive the payment. With this payment, U.S. hourly employees have received on average… Continue reading @FCA: FCA UAW-Represented Employees to Receive 2019 Profit Sharing Payments

Fourth quarter and full year 2019 results

Amsterdam, the Netherlands, 5 February 2020 7:00 AM CET FINANCIAL SUMMARY FOURTH QUARTER 2019– Group revenue decreased by 10% to €156 million (Q4 ’18: €174 million)– Location Technology revenue of €110 million (Q4 ’18: €107 million)– Automotive operational revenue increased by 20% to €116 million (Q4 ’18: €97 million)– Free cash flow is an inflow… Continue reading Fourth quarter and full year 2019 results

UPDATE 1-Ford says Canadian agency investigating emissions certification process

FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File Photo WASHINGTON (Reuters) – Ford Motor Co said Wednesday Canadian officials have opened a preliminary investigation into the automaker’s emissions certification process. Ford said in its annual report Environment and Climate Change Canada has… Continue reading UPDATE 1-Ford says Canadian agency investigating emissions certification process

Ferrari : 2019 PERFORMANCE CONFIRMS STRONG MOMENTUM

2019 PERFORMANCE CONFIRMS STRONG MOMENTUM2020 GUIDANCE UPGRADING PREVIOUS PLAN ACROSS ALL METRICSFerrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results for the twelve months ended December 31, 2019, summarized as follows:Total shipments of 10,131 units, up +9.5%Net revenues of Euro 3,766 million, up +10.1% or +8.2% at constant currencyAdj. EBITDA of Euro 1,269 million,… Continue reading Ferrari : 2019 PERFORMANCE CONFIRMS STRONG MOMENTUM

Ferrari tempers 2020 expectations with cautious upgrade

MILAN (Reuters) – Demand for Ferrari’s (RACE.MI) Portofino and 812 Superfast models helped the Italian supercar maker hit profit targets for last year though it only a provided cautious upgrade to its outlook for 2020. FILE PHOTO: Ferrari Roma is unveiled during its first world presentation in Rome, Italy, November 14, 2019. REUTERS/Guglielmo Mangiapane/File Photo… Continue reading Ferrari tempers 2020 expectations with cautious upgrade

Aston Martin’s lifeline buys carmaker time as SUV hits road

LONDON (Reuters) – Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. FILE PHOTO: An Aston Martin logo is pictured at the new factory in Saint… Continue reading Aston Martin’s lifeline buys carmaker time as SUV hits road

Aurora can now give the public rides in its self-driving cars – TechCrunch

Aurora has been given permission by California regulators to transport passengers in its self-driving vehicles, TechCrunch has learned. The California Public Utilities Commission granted Aurora a permit, which was posted on its website Wednesday, to participate in the state’s Autonomous Vehicle Passenger Service pilot. Aurora confirmed the approval. “This permit lets us give rides powered by the… Continue reading Aurora can now give the public rides in its self-driving cars – TechCrunch