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Tag: FCA
The Era of Buying Top Sports Cars Cheaply Seems to Be Over
Henry N. Manney III, an automotive journalist best known for his extensive writing in Road & Track magazine, bought a Ferrari 250 GTO in the late 1960s. One of just 36 ever built, the car was Ferrari’s $18,000 top-of-the-line sports/racing car in 1962. When the cars first rolled off the line, Enzo Ferrari, the company… Continue reading The Era of Buying Top Sports Cars Cheaply Seems to Be Over
@McLaren: Read more000170
British luxury supercar and hypercar maker McLaren Automotive announces the appointment of Michael Leiters as its new Chief Executive Officer from 1 July, 2022. German-born Mr Leiters, 50, holds a doctorate in engineering and has held senior positions at Porsche AG and, more recently, was Chief Technology Officer at Ferrari. Mr Leiters will be based… Continue reading @McLaren: Read more000170
Stellantis to decommission engine line in Trenton, cut workforce
Jeep maker Stellantis NV on Thursday said it will decommission an engine line at its Trenton Engine Complex by the end of the year in a move to consolidate production that will result in workforce reductions. The announcement comes with a $24.7 million investment into the complex’s south plant for retooling for a flexible engine… Continue reading Stellantis to decommission engine line in Trenton, cut workforce
Turin polishes its hidden jewel: design is “worth” 2,500 jobs
Turin polishes one of its most hidden jewels, with all the intention of putting it on display and being proud of it as soon as possible. It is about design, a note of style that – over time – has become a transversal actor among many sectors and even more productions. The Mira observatory has… Continue reading Turin polishes its hidden jewel: design is “worth” 2,500 jobs
@Ferrari: FERRARI N.V. TO COMMENCE A EURO 150 MILLION FIRST TRANCHE OF ITS NEW MULTI-YEAR SHARE BUYBACK PROGRAM OF APPROXIMATELY EURO 2 BILLION000250
Maranello (Italy), June 30, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces that it intends to commence a Euro 150 million share buyback program, as the initial tranche of the new multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made… Continue reading @Ferrari: FERRARI N.V. TO COMMENCE A EURO 150 MILLION FIRST TRANCHE OF ITS NEW MULTI-YEAR SHARE BUYBACK PROGRAM OF APPROXIMATELY EURO 2 BILLION000250
FERRARI N.V. TO COMMENCE A EURO 150 MILLION FIRST TRANCHE OF ITS NEW MULTI-YEAR SHARE BUYBACK PROGRAM OF APPROXIMATELY EURO 2 BILLION
Maranello (Italy), June 30, 2022 – Ferrari N.V. (NYSE/EXM: RACE) (“Ferrari” or the “Company”) announces that it intends to commence a Euro 150 million share buyback program, as the initial tranche of the new multi-year share buyback program of approximately Euro 2 billion expected to be executed by 2026 in line with the disclosure made… Continue reading FERRARI N.V. TO COMMENCE A EURO 150 MILLION FIRST TRANCHE OF ITS NEW MULTI-YEAR SHARE BUYBACK PROGRAM OF APPROXIMATELY EURO 2 BILLION
The Drako Motors 2,000-hp electric luxury SUV “feels more like a spaceship”
Startup EV manufacturer Drako Motors previewed today the follow-up to its $1.25 million Drako GTE: the 2,000-horsepower Drako Dragon Super-SUV. The San Jose, California-based automaker said the Dragon zips from 0 to 60 mph in 1.9 seconds using the company’s in-house DriveOS Quad Motor Powertrain, and DriveOS vehicle architecture. Individual torque control and a three-stage… Continue reading The Drako Motors 2,000-hp electric luxury SUV “feels more like a spaceship”
@FCA: Stellantis Announces Investment and Plans for Trenton, Michigan, Engine Complex
June 30, 2022 , Auburn Hills, Mich. – Stellantis today announced plans for the two facilities that comprise its engine complex in Trenton, Michigan, which will provide maximum flexibility for the operation. The plan includes a $24.7 million investment to retool the south plant to be a flexible engine line, capable of producing the two variations… Continue reading @FCA: Stellantis Announces Investment and Plans for Trenton, Michigan, Engine Complex
@FCA: What’s New for 2023: Jeep® Grand Cherokee
June 30, 2022 , Auburn Hills, Mich. – From the moment the Jeep® brand introduced the Grand Cherokee 30 years ago, by literally driving the SUV up the steps of Cobo Hall in Detroit and through a window, signifying the breakthrough premium SUV, it set a new industry benchmark and quickly became synonymous with upscale design… Continue reading @FCA: What’s New for 2023: Jeep® Grand Cherokee