WMS Group is set to be wholly acquired by Europe’s second-largest Mechanical Breakdown Insurer (MBI) subject to formal approval of the deal from The Financial Conduct Authority (FCA). Opteven, based in Lyon, France, currently operates in eight international markets via its offices in Warrington, Milan, Madrid and Berlin and already has an established operational presence… Continue reading WMS Group acquired by roadside assistance specialist Opteven Group
Tag: FCA
China Automotive Systems signs new contract with SAIC Maxus
WUHAN, China, Sept. 30, 2019 /PRNewswire/ — China Automotive Systems, Inc. (Nasdaq: CAAS) (“CAAS” or the “Company”), a leading power steering components and systems supplier in China, today announced it has entered into a new supply contract with SAIC Maxus, an SUV and commercial vehicle subsidiary of SAIC Motor (formerly Shanghai Automotive Industry Corporation). SAIC is one of… Continue reading China Automotive Systems signs new contract with SAIC Maxus
Work, record prizes at Ferrari For employees up to 13 thousand euros
“The extraordinary agreement reached in Ferrari represents a great result in terms of industrial relations and certifies that Ferrari is a champion inside the track and inside the company, a modality that should represent the patrimony of the whole Fca Group”, comments the general secretary of Fim Cisl, Marco Bentivogli. Industrial relations The new competitiveness… Continue reading Work, record prizes at Ferrari For employees up to 13 thousand euros
Fiat Chrysler to pay $40 million to settle SEC charges that it misled investors
CLOSE Fiat Chrysler Automobiles will pay $40 million to settle charges the company misled investors through its sales reporting. (Photo: Kimberly P. Mitchell, Detroit Fr) Fiat Chrysler Automobiles has agreed to pay $40 million to settle charges by the U.S. Securities and Exchange Commission that it misled “investors about the number of new vehicles sold… Continue reading Fiat Chrysler to pay $40 million to settle SEC charges that it misled investors
Cummins and Ram Truck Celebrate Production of the 3-Millionth Cummins Engine
September 27, 2019 , Columbus, Indiana – Cummins Inc. has produced its 3-millionth diesel engine for Ram trucks at its Columbus Mid-Range Engine Plant (CMEP) in Indiana today, highlighting the latest milestone in a partnership that spans more than three decades. “The relationship that Ram Truck has with Cummins is one of the industry’s most enduring,… Continue reading Cummins and Ram Truck Celebrate Production of the 3-Millionth Cummins Engine
Ferrari signs new Performance bonus agreement for its Italian workforce, further investing in its employees
Maranello, September 26, 2019 – Ferrari N.V. (NYSE/MTA: RACE) and the trade unions yesterday signed a new Performance bonus agreement, which will be in force from 2020 to 2023, in the context of the trade union relationships as normed by the Collective labour agreement (CCSL). The agreement improves the economic conditions and places a strong… Continue reading Ferrari signs new Performance bonus agreement for its Italian workforce, further investing in its employees
FCA roars over Turin and Grugliasco: investments of 800 million have been confirmed in the industrial plan
In the city of Mole, in particular, new investments were announced for the New Gran convertible and the new Gran Turismo produced in hybrid and electric version. So not only the 500. And then we will proceed with the renewal of existing models such as Levante, Ghibli and 4 doors with hybrid. In total, the… Continue reading FCA roars over Turin and Grugliasco: investments of 800 million have been confirmed in the industrial plan
Why GM-UAW talks have taken this long
CLOSE UAW Local 598 members sing during 50th anniversary of 1969 strike at Fisher Body Plant 2 in Flint while remembering he longest strike in GM history. Ryan Garza, Detroit Free Press Wednesday was the 10th day of the UAW’s strike against General Motors, with costs mounting and thousands of workers at suppliers and Canadian plants laid off.… Continue reading Why GM-UAW talks have taken this long
FCA diesel exec indicted in emissions cheating case
Fiat Chrysler Automobiles NV’s senior manager of diesel engine calibration has been indicted on charges related to the company’s use of software on about 104,000 diesel-powered pickups and SUVs that is similar to the “defeat devices” Volkswagen AG used to cheat U.S. emissions testing. Emanuele Palma, 40, of Bloomfield Hills is facing charges of violating the Clean Air Act, wire fraud, false… Continue reading FCA diesel exec indicted in emissions cheating case
Renault-FCA merger ‘behind us’, French carmaker says
FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Bordeaux, France, June 12, 2019. REUTERS/Regis Duvignau PARIS (Reuters) – Fiat Chrysler’s $35 billion merger offer for Renault, which was abandoned in June, was no longer on the table, the French carmaker’s Chairman Jean-Dominique Senard said on… Continue reading Renault-FCA merger ‘behind us’, French carmaker says