GM and Stellantis declined to comment beyond the letter. Ford and VW did not immediately comment. The proposal by U.S. President Joe Biden’s administration to hike fuel economy standards through 2032 would cost General Motors USD 6.5 billion in fines and Chrysler parent Stellantis USD 3 billion, according to a letter seen by Reuters. The… Continue reading GM, Stellantis face USD 9.5 bn in US fuel economy fines: Industry group letter
Tag: FCA
Cadillac-backed Andretti Formula 1 bid is approved as 11th team
General Motors (GM) has moved a step closer to a shock Formula 1 entry after the FIA, world motorsport’s governing body, approved an application by racing giant Andretti Autosport to enter the category. The two American firms had announced a big to enter F1 with a new team named Andretti Cadillac earlier this year, and those plans have now… Continue reading Cadillac-backed Andretti Formula 1 bid is approved as 11th team
@Ferrari: Ferrari N.V.: Periodic Report on the Buyback Program000332
Maranello (Italy), October 2, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on June 27, 2023, as the third tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in… Continue reading @Ferrari: Ferrari N.V.: Periodic Report on the Buyback Program000332
Casa Auto Group Announces Acquisition of Borman Autoplex, Expanding Automotive Retail Footprint in Las Cruces, NM
LAS CRUCES, N.M., Oct. 2, 2023 /PRNewswire/ — The Casa Auto Group is proud to announce the acquisition of the Borman Autoplex in Las Cruces, NM, including Ford, Honda, Hyundai, and Mazda dealerships. Located on Boutz Road near I-10 since 1986, the Autoplex is known for having over 20 acres of vehicle inventory, among the largest… Continue reading Casa Auto Group Announces Acquisition of Borman Autoplex, Expanding Automotive Retail Footprint in Las Cruces, NM
GM furloughs another 160 workers due to UAW strike
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan U.S. General Motors said Monday it was indefinitely laying off about 160 workers at plants in Indiana and Ohio because of the impact of the United Auto Workers strike on some facilities. The UAW on Friday said… Continue reading GM furloughs another 160 workers due to UAW strike
Italy weighs auto incentive scheme to cut Chinese EV price advantage
Industry Minister Adolfo Urso last month said Italians had used 80% of the incentives to buy vehicles produced abroad and that a revision of the incentive framework should support both a shift to more environmental friendly vehicles and national car output. Italy is considering new incentives for car purchases that would factor in carbon emissions… Continue reading Italy weighs auto incentive scheme to cut Chinese EV price advantage
Ferrari N.V.: Periodic Report on the Buyback Program
Maranello (Italy), October 2, 2023 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) informs that the Company has purchased, under the Euro 200 million share buyback program announced on June 27, 2023, as the third tranche of the multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in… Continue reading Ferrari N.V.: Periodic Report on the Buyback Program
Cadillac-backed Andretti Formula 1 bid is approved as 11th team
General Motors (GM) has moved a step closer to a shock Formula 1 entry after the FIA, world motorsport’s governing body, approved an application by racing giant Andretti Autosport to enter the category. The two American firms had announced a big to enter F1 with a new team named Andretti Cadillac earlier this year, and those plans have now… Continue reading Cadillac-backed Andretti Formula 1 bid is approved as 11th team
GM furloughs another 160 workers due to UAW strike
Striking United Auto Workers (UAW) members from the General Motors Lansing Delta Plant picket in Delta Township, Michigan U.S. September 29, 2023. REUTERS/Rebecca Cook/File Photo Acquire Licensing Rights Oct 2 (Reuters) – General Motors (GM.N) said Monday it was indefinitely laying off about 160 workers at plants in Indiana and Ohio because of the impact… Continue reading GM furloughs another 160 workers due to UAW strike
Alfa Romeo V6 to survive Euro 7 emissions regulations
Alfa Romeo will continue to use its renowned 2.9-litre petrol V6 engine beyond the July 2025 introduction of the European Union’s Euro 7 emissions regulations. Speaking recently, CEO Jean-Philippe Imparato confirmed the Italian company’s intention to use the twin-turbocharged engine in future applications, although he stopped short of hinting at what those might be. Asked if… Continue reading Alfa Romeo V6 to survive Euro 7 emissions regulations