The new Chrysler 200 C sedan on display at the North American International Auto Show in Detroit. DETROIT: Now that Italy’s Fiat SpA has almost closed its deal to buy the portion of Chrysler it does not already own, one of the main items on the to-do list of Chief Executive Officer Sergio Marchionne is… Continue reading Jeep can hit 1m sales: Chrysler CEO – The Peninsula Qatar
Tag: FCA
@Groupe PSA: PR Stellantis Announces Early Repayment of €6.3 Billion Credit Facility with Intesa Sanpaolo003180
AMSTERDAM – Stellantis N.V. announced today that FCA Italy S.p.A., a wholly owned subsidiary, and Stellantis’ other Italian subsidiaries, have repaid the €6.3 billion credit facility to Intesa Sanpaolo.The credit facility, entered into in June 2020, was structured to support the restart and transformation of Italy’s automotive sector after the COVID-19 outbreak by providing liquidity… Continue reading @Groupe PSA: PR Stellantis Announces Early Repayment of €6.3 Billion Credit Facility with Intesa Sanpaolo003180
@Groupe PSA: PR Stellantis Improves 2021 Business Performance in China003179
Dongfeng Peugeot Citroën Automobile achieved turnaround, selling more than 100,000 vehicles Jeep® Wrangler reached historic record in annual sales and Jeep Brand ranked No. 1 in vehicle quality and dependability Significant advancement in independent aftermarket business AMSTERDAM – In 2021, Stellantis strengthened its business position in China laying a solid foundation for the Company’s long-term… Continue reading @Groupe PSA: PR Stellantis Improves 2021 Business Performance in China003179
Stellantis says it’ll increase share of China JV to boost Jeep, but partner says it didn’t agree
The maker of Jeep said on Thursday it will take majority ownership in its joint venture with one of its Chinese automaker partners in an effort to boost the SUV brand in a market particularly hungry for them. But Guangzhou Automobile Group Co. Ltd. said it didn’t know about the plans. Stellantis NV says it will increase its share to… Continue reading Stellantis says it’ll increase share of China JV to boost Jeep, but partner says it didn’t agree
@Ferrari: The Ferrari Daytona SP3 awarded “Grand Prize: most beautiful supercar 2022” at Paris festival automobile international000209
Another prestigious design award for Ferrari This limited-edition ‘Icona’ model takes its inspiration from legendary 1960s Sports Prototypes Flavio Manzoni, Ferrari Chief Design Officer, awarded “Grand Prize of Design” Maranello, 27 January 2022 – The Ferrari Daytona SP3 has been awarded the “Grand Prize: Most Beautiful Supercar 2022” by a panel of expert judges at… Continue reading @Ferrari: The Ferrari Daytona SP3 awarded “Grand Prize: most beautiful supercar 2022” at Paris festival automobile international000209
@Groupe PSA: PR Stellantis Plans to Take Majority Share in Joint Venture with GAC in China003173
AMSTERDAM – Stellantis N.V. today announced the plan to increase its shareholding in GAC-Stellantis from 50% to 75%. The announcement is a key element of Stellantis’ plan to set a new basis for its business in China. GAC Group and Stellantis have agreed to collaboratively complete the relevant formalities of the deal, which remains subject… Continue reading @Groupe PSA: PR Stellantis Plans to Take Majority Share in Joint Venture with GAC in China003173
Stellantis to raise stake in China JV with GAC to 75%
Stellantis plans to increase its stake in its 50-50 joint venture in China with Guangzhou Automobile Group (GAC) to 75% as part of its efforts to tackle one of the weak spots in its business. The deal remains subject to approval by the Chinese government, Stellantis, the world’s number four carmaker said on Thursday. Additional details on Stellantis‘… Continue reading Stellantis to raise stake in China JV with GAC to 75%
Automotive Stampings creeps into the black
Automotive Stampings & Assemblies Ltd (ASL) saw a significant rise in its sales during Q3 FY2022 to Rs 162 crore, an increase of nearly 45 percent as compared to Rs 112 crore Q3FY2021. The company’s net profit improved to Rs 0.39 crore during the comparable period as against loss of Rs 3.91 crore earlier, the… Continue reading Automotive Stampings creeps into the black
@Ferrari: Ceva Logistics – a new partner for Ferrari and its racing activities000208
Maranello, 26 January 2022 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or “the Company”) is pleased to announce that, starting from the 2022 Formula 1 season, Scuderia Ferrari will be able to count on a new Team Partner: CEVA Logistics. The multi-year agreement will also see CEVA involved in Ferrari’s other racing activities in GT racing… Continue reading @Ferrari: Ceva Logistics – a new partner for Ferrari and its racing activities000208
Baidu’s electric car brand Jidu closes $400M Series A round
Once an industry with long development cycles, the automotive space is being upended by China’s tech giants. One can hardly keep up with all the new electric vehicle brands that come out of the country nowadays. Jidu, an electric carmaking company founded by Baidu and its Chinese auto partner Geely only a year ago, said… Continue reading Baidu’s electric car brand Jidu closes $400M Series A round