An insurgent candidate has won the presidency of the United Auto Workers union, potentially setting the organization on a more confrontational path as it heads into contract talks this year with the three Detroit automakers. Shawn Fain, a 54-year-old electrician who has been a member of the union for almost three decades, defeated the incumbent,… Continue reading President Is Ousted in United Auto Workers Election
Tag: FCA
Ferrari profit jumps 24% as demand pushes waiting list into 2025
Ferrari Roma Source: Ferrari Ferrari said on Thursday that its first-quarter profit jumped 24% to 297 million euros ($328.8 million), on a 10% increase in shipments as huge demand for its latest models drove a surge in profitability. “Our order book already extends into 2025,” said CEO Benedetto Vigna in a statement. related investing… Continue reading Ferrari profit jumps 24% as demand pushes waiting list into 2025
FCA Services, there is an agreement on the sale of the company branch in Turin to Iveco and Cnhi
For Turin there is a solution, for Pomigliano d’Arco, in Campania, it has not yet been found. This is the future of FCA Services, a company that deals with administrative and accounting services within the Stellantis world. Today, the trade unions and the companies Stellantis, Iveco and CNHI met at the Unione Industriali Turin headquarters… Continue reading FCA Services, there is an agreement on the sale of the company branch in Turin to Iveco and Cnhi
@VW Group: FIA WEC: Porsche Penske Motorsport with best-placed LMDh prototype at Spa007137
The race The second racing car fielded by the works team had to retire shortly before the first driver change due to an electrical fault. The Hertz Team Jota squad brought the first customer-run Porsche 963 over the finish line in sixth place. In the GTE-Am class, Proton Competition came fourth with the Porsche 911… Continue reading @VW Group: FIA WEC: Porsche Penske Motorsport with best-placed LMDh prototype at Spa007137
German Manager Magazin: Stellantis boss Tavares on Tesla price war: “Welcome to my world, Elon”002477
Carlos Tavares (64) has nothing left for banter. To the Stellantisboss has the reputation of being the toughest automobile manager. If Tavares speaks, then plain language. This was also the case on Thursday, when he appeared in front of a small group of German journalists on the sidelines of a congress in Bochum. Among other… Continue reading German Manager Magazin: Stellantis boss Tavares on Tesla price war: “Welcome to my world, Elon”002477
Ferrari sees strong second quarter as Purosangue deliveries start
Summary Companies Shares hit new record high at 267.20 euros Adj. Q1 EBITDA rises to above forecast 537 mln euros Margin on adj. EBITDA up 200 bps to 37.6% Net revenue up 20% to 1.429 mln euros 3,567 cars shipped in Q1, +10% y/y MILAN, May 4 (Reuters) – Ferrari (RACE.MI) on Thursday produced a… Continue reading Ferrari sees strong second quarter as Purosangue deliveries start
Two Day Greenwich Concours to Feature Alfa Romeo, Pre-War Cars, Supercars, Race Cars and more
Sunday’s traditional Concours d’Elegance features a selection of the world’s best classic luxury and sports cars while the new Saturday Concours de Sport will host later model sports and supercars TRAVERSE CITY, Mich., May 4, 2023 /PRNewswire/ — The Greenwich Concours returns to Roger Sherman Baldwin Park June 3 and 4, 2023 for a two-day… Continue reading Two Day Greenwich Concours to Feature Alfa Romeo, Pre-War Cars, Supercars, Race Cars and more
Ferrari: Strong Results, With Demand Heading Into 2025
FERRARI: STRONG RESULTS, WITH DEMAND HEADING INTO 2025 Total shipments of 3,567 units, up 9.7% versus Q1 2022 Net revenues of Euro 1,429 million, up 20.5% versus prior year Adjusted EBITDA(1) of Euro 537 million, up 27.0% versus prior year Adjusted EBIT(1) of Euro 385 million, up 25.3% versus prior year Adjusted EBITDA(1) margin of… Continue reading Ferrari: Strong Results, With Demand Heading Into 2025
Waymo doubles robotaxi service area in Phoenix in bid to grow driverless trips tenfold
Waymo is doubling its commercial robotaxi service area in the Phoenix metro area, an expansion that will add new suburbs and connect previously isolated sections of the sprawling and car-dependent desert city. The service area, which now includes Scottsdale, nearly of Tempe and larger sections of Chandler and Mesa, is 180 square miles in size.… Continue reading Waymo doubles robotaxi service area in Phoenix in bid to grow driverless trips tenfold
Driven by Innovation: DXC Technology Announces Partnership with Scuderia Ferrari
Multi-year agreement includes commitment to engineer automotive digital solutions DXC logo to appear on SF-23 commencing Formula 1 Miami Grand Prix ASHBURN, Va., May 3, 2023 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services company, today announced it has signed a multi-year agreement with Scuderia Ferrari, the racing division of… Continue reading Driven by Innovation: DXC Technology Announces Partnership with Scuderia Ferrari