ALMATY/ANKARA (Reuters) – Some foreign companies in Turkmenistan are struggling to make sales and collect payments as economic pressures mount in large part because of a sharp drop in the Central Asian nation’s crucial gas exports. FILE PHOTO: People stay in front of the terminal of the newly built airport with a portrait of Turkmen… Continue reading Foreign companies struggle in cash-strapped Turkmenistan
Tag: People
Software and stealth: how carmakers hike spare parts prices
LONDON/PARIS (Reuters) – Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. FILE PHOTO: Vehicles are seen at a Dongfeng Peugeot Citroen… Continue reading Software and stealth: how carmakers hike spare parts prices
Chrysler and Dodge’s days may be numbered despite surviving Friday
Autoplay Show Thumbnails Show Captions Last SlideNext Slide John Elkann president of the FCA Italy group, right, holds a necktie to Fiat Chrysler CEO Sergio Marchionne prior to a press conference at the FCA headquarters, in Balocco, Italy, Friday, June 1, 2018. In his last big presentation as CEO of Fiat Chrysler before retiring, Sergio… Continue reading Chrysler and Dodge’s days may be numbered despite surviving Friday
Tesla can change so much with over-the-air updates that it’s messing with some owners’ heads
When Consumer Reports recently found that the braking distance on the Tesla Model 3 was worse than that of a Ford F-150, CEO Elon Musk took the criticism and found a solution. Days later, Tesla shipped an over-the-air update that, according to CR’s testing, improved the braking distance by 19 feet. It’s a wild idea:… Continue reading Tesla can change so much with over-the-air updates that it’s messing with some owners’ heads
Michelin goes to war against planned obsolescence
At the end of the track, all four vehicles are ready. If they look identical at first sight, in reality, they are not quite. Two of them are equipped with “premium” tires (graded A), and the two others with “budget” tires, of lower quality (graded C). And for each of the two categories, one set… Continue reading Michelin goes to war against planned obsolescence
Non, la Chine ne rachète pas la France !
La France investit bien plus en Chine que les Chinois sur notre sol. Au niveau mondial, notre pays est loin d’être la terre d’accueil privilégiée des investisseurs chinois. Nous avons tort de nous en réjouir. Vous aimez cet article ? Partagez le ! Par Steven Zunz. L’année 2018 pourrait bien marquer le début d’un regain… Continue reading Non, la Chine ne rachète pas la France !
Deripaska Plans Auto Stake Sale to Lift Sanctions
Russian billionaire Oleg Deripaska is discussing selling part of his automotive business to minority investors, including former Magna International Inc. chief Siegfried Wolf, as part of a plan to end sanctions on the company. Deripaska is in talks with Wolf, whom he has known for more than a decade, about selling a portion of his… Continue reading Deripaska Plans Auto Stake Sale to Lift Sanctions
Alfa Romeo Lures Drivers Bored With BMW in US Luxury Expansion
LISTEN TO ARTICLE SHARE THIS ARTICLE Fiat Chrysler Automobiles NV plans to take a bigger bite out of the U.S. luxury market by filling up its Alfa Romeo brand’s model lineup. As part of an ambitious five-year plan that Sergio Marchionne unveiled Friday outside Turin, Italy, the chief executive revealed that Alfa Romeo has seven… Continue reading Alfa Romeo Lures Drivers Bored With BMW in US Luxury Expansion
UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating profit by 2022. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car… Continue reading UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel
FCA in talks with Santander Consumer USA over car financing JV
BALOCCO, Italy (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) wants to set up its own car financing business in the United States under a new five-year plan and is in talks with Santander Consumer USA (SCUSA) (SC.N) to buy its share in their joint venture. Fiat Chrysler Automobiles logo is seen on a panel at the… Continue reading FCA in talks with Santander Consumer USA over car financing JV