RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Today, Groupe PSA (Paris:UG) and Naza Corporation Holdings announced the signing of a share sale agreement and a joint venture agreement, officially establishing shared operation of the Naza Automotive Manufacturing (NAM) plant in Gurun, Kedah, as the first manufacturing hub in ASEAN for Groupe PSA. In attendance to witness, the event… Continue reading Naza Corporation Holdings and Groupe PSA Establish a Shared Manufacturing Hub In ASEAN
Tag: Ferrari
Ferrari releases its 2017 Annual Report and files annual report on Form 20-F
Maranello (Italy), February 23, 2018 – Ferrari N.V. (NYSE/MTA: RACE) announced today that it has published its 2017 Annual Report and filed its annual report on Form 20-F, including financial statements for the fiscal year ended December 31, 2017, with the United States Securities and Exchange Commission. Ferrari’s 2017 Annual Report and annual report on… Continue reading Ferrari releases its 2017 Annual Report and files annual report on Form 20-F
New Ferrari 488 Pista lands as the brand’s most powerful V8 ever
This is the track focussed, apex hungry Ferrari 488 Pista. Which, aside from being the marque’s show stopper for the 2018 Geneva Motor Show, is also the most powerful V8 Ferrari ever. The V8 in question is a familiar sounding 3.9-litre petrol unit, however, it now produces a massive 710bhp and 770Nm of torque (around… Continue reading New Ferrari 488 Pista lands as the brand’s most powerful V8 ever
Marchionne leaves Fiat … and among these is his substitute
The charismatic CEO of the FCA Group, Sergio Marchionne, has barely a year left to retire and, as pointed out by some information such as that offered by Automotive News, the Italian leader would already be organizing his farewell. After almost 15 years at the top of the Executive Board of Fiat (he was named… Continue reading Marchionne leaves Fiat … and among these is his substitute
Aston Martin CEO Andy Palmer on Aston’s Product Roadmap, Business Prospects
With the launch of its excellent DB11, Aston Martin sales spiked 56 percent in 2017, with more than 5,100 cars sold, the most the company has shifted since 2008. Aston’s leader from 2014, Englishman Andy Palmer, is strongly optimistic about the prospects for the company, founded in 1913, over its next century, as the onetime… Continue reading Aston Martin CEO Andy Palmer on Aston’s Product Roadmap, Business Prospects
Former Lotus boss opens new Ares Design headquarters in Modena
Dany Bahar, chief executive of Lotus from 2009 to 2012, is using a former Fiat and Alfa Romeo dealership building for his new company Former Lotus boss Dany Bahar has officially opened an impressive new headquarters in Modena, Italy, for Ares Design, the customisation and coachbuilding company he set up In 2014, soon after leaving… Continue reading Former Lotus boss opens new Ares Design headquarters in Modena
Scuderia Cameron Glickenhaus to build modern version of the Baja Boot
Scuderia Cameron Glickenhaus builds some pretty fantastic machines. The race team turned road car producer is most famous for owner James Glickenhaus’ Ferrari Enzo-based Pininfarina-designed P4/5 and the more recent SCG 003. Last fall, SCG announced the 004S, a three-seat sports car with a twin-turbo 5.0-liter V8. More recently, the company revealed plans to build… Continue reading Scuderia Cameron Glickenhaus to build modern version of the Baja Boot
Fiat Chrysler’s Marchionne Has Lessons for Ford CEO Jim Hackett
With retirement approaching, Sergio Marchionne seems determined to go out with a bang: the Fiat Chrysler Automobiles NV boss thinks operating profit will surpass that of Ford Motor Co. this year. On Thursday, Marchionne reminded analysts that’s a surprising turn of events. He’s right. It’s less than a decade since Chrysler filed for bankruptcy protection (Ford… Continue reading Fiat Chrysler’s Marchionne Has Lessons for Ford CEO Jim Hackett
Ferrari 488 ‘Sport Special Series’ leaked: first look at 700bhp 488
Our first look at the new lightweight, high-performance version of the Ferrari 488 has arrived by way of a leaked image of the car doing the rounds on social media. It’s no secret that Ferrari is working on a lighter, more powerful, track biased version of the mid-engined 488, and the candidly snapped picture shared… Continue reading Ferrari 488 ‘Sport Special Series’ leaked: first look at 700bhp 488
Top Automotive Industry News for Week of January 15 – January 21, 2017
Here is the most important news associated with the automotive industry identified by the SEA for the week January 15, 2018 – January 21, 2018. We hope it helps you stay up to speed on the key developments in our industry: -AEA Membership News- Save The Date! The next AEA Members Reception will be held… Continue reading Top Automotive Industry News for Week of January 15 – January 21, 2017