Tag: FCA

H1 2019 results confirm 2019 guidance with improved cash flow

UNVEILING OF FIRST HYBRID SERIES-PRODUCTION SUPERCAR, SF90 STRADALE Total shipments of 2,671 units, up +8.4% Net revenues of Euro 984 million, up +8.6% or +6.8% at constant currency Adj. EBITDAof Euro 314 million, up +8.7% with an EBITDA margin of 32.0% Adj. diluted EPS of Euro 0.96 (+13.9%) Industrial free cash flowgeneration of Euro 139 million,… Continue reading H1 2019 results confirm 2019 guidance with improved cash flow

The Ferrari Museum in Maranello hosts a temporary exhibition of experimental cars made by local students

Maranello, 1 August 2019 – Today a temporary exhibition of experimental vehicles made by local students for the international “Solar Challenge” series of competitions opened at the Ferrari Museum in Maranello. On display in the Museum’s Convention Room is the Emilia 4, the most recent of the vehicles designed and built by the students of… Continue reading The Ferrari Museum in Maranello hosts a temporary exhibition of experimental cars made by local students

Fiat Chrysler CEO: We’ll talk alliances, but we can go it alone

Fiat Chrysler Automobiles Chief Executive has a message for Renault SA and other would-be partners: We are happy to talk, but we can go it alone.The Wall Street Journal reported on Friday that Renault and Nissan are trying again to reshape their alliance and resolve disagreements that helped to derail the merger talks with Fiat Chrysler.Mr Manley has set a goal of 3 per cent operating margins, well short of the 10 per cent margins the company forecast for North America.

UPDATE 2-Nissan wants Renault to reduce stake to revive Renault-FCA deal talks- WSJ

FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Reims, France, July 9, 2019. REUTERS/Christian Hartmann (Reuters) – Carmakers Nissan Motor Co (7201.T) and Renault SA (RENA.PA) are trying to reach a deal to reshape their global alliance, in hopes of reviving Renault’s merger… Continue reading UPDATE 2-Nissan wants Renault to reduce stake to revive Renault-FCA deal talks- WSJ

Nissan wants Renault to reduce stake to revive Renault-FCA deal talks: WSJ

FILE PHOTO: The logos of car manufacturers Renault and Nissan are seen in front of dealerships of the companies in Reims, France, July 9, 2019. REUTERS/Christian Hartmann (Reuters) – Carmakers Nissan Motor Co (7201.T) and Renault SA (RENA.PA) are trying to reach a deal to reshape their global alliance, in hopes of reviving Renault’s merger… Continue reading Nissan wants Renault to reduce stake to revive Renault-FCA deal talks: WSJ

965bhp Puritalia Berlinetta hybrid coming to Salon Prive

Puritalia Automobili is due to showcase its Berlinetta hybrid sports car at this year’s Salon Privé motoring event.  The Italian firm launched the Berlinetta at the Geneva motor show earlier this year, revealing it to be what it calls a ‘Super Hybrid’ hand-built grand tourer with a top speed of 208mph. A front-mounted V8 petrol engine runs… Continue reading 965bhp Puritalia Berlinetta hybrid coming to Salon Prive

Fiat Chrysler sales of new cars in Italy drop 19% y/y in July

MILAN, Aug 1 (Reuters) – Fiat Chrysler’s sales of new cars in Italy declined by 19.4% year-on-year in July, against a 0.1% contraction in the market, Reuters calculations based on transport ministry data showed on Thursday. The ministry said new car sales in Italy totalled 152,800 last month against 152,949 new car registrations a year… Continue reading Fiat Chrysler sales of new cars in Italy drop 19% y/y in July

‘Truck, truck and away’: Pickups drive GM’s profit beat

DETROIT (Reuters) – General Motors Co (GM.N) posted a better-than-expected net profit on Thursday as high-margin pickup trucks, SUVs and crossovers helped overcome slowing sales in the United States and China, and reiterated its full-year earnings forecast. FILE PHOTO: General Motors Co. displays the new Chevrolet 2020 Silverado HD pickup truck at the GM Flint… Continue reading ‘Truck, truck and away’: Pickups drive GM’s profit beat