A 25000-Mile Road Trip Set Sanchez on Path to Power in Spain

LISTEN TO ARTICLE SHARE THIS ARTICLE On the way to the 2015 election’s biggest debate, Pedro Sanchez’s team were psyching up the candidate. Their strategy hinged on nailing Prime Minister Mariano Rajoy for his ties to a party corruption racket. They’d rehearsed the line — Rajoy wasn’t fit to hold the office — and they… Continue reading A 25000-Mile Road Trip Set Sanchez on Path to Power in Spain

How carmakers hike spare parts prices by using software and stealth

London CARMAKERS including Renault, Jaguar Land Rover (JLR) and Peugeot have boosted revenues by over US$1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. The software works, Accenture told prospective clients, by identifying which spare… Continue reading How carmakers hike spare parts prices by using software and stealth

Software and stealth: how carmakers hike spare parts prices

LONDON/PARIS (Reuters) – Carmakers including Renault, Jaguar Land Rover and Peugeot have boosted revenues by over $1 billion in the past decade by using sophisticated pricing software, according to sales presentations prepared by the software vendor, Accenture, and other documents filed in a court case. FILE PHOTO: Vehicles are seen at a Dongfeng Peugeot Citroen… Continue reading Software and stealth: how carmakers hike spare parts prices

UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel

BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) departing Chief Executive Sergio Marchionne delivered a plan on Friday to ramp up sport utility vehicles and invest 9 billion euros ($10.5 billion) in electric and hybrid cars in a bid to double operating profit by 2022. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car… Continue reading UPDATE 4-Marchionne ramps up SUVs as prepares to hand over Fiat Chrysler wheel

FCA in talks with Santander Consumer USA over car financing JV

BALOCCO, Italy (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) wants to set up its own car financing business in the United States under a new five-year plan and is in talks with Santander Consumer USA (SCUSA) (SC.N) to buy its share in their joint venture. Fiat Chrysler Automobiles logo is seen on a panel at the… Continue reading FCA in talks with Santander Consumer USA over car financing JV

McLaren Group welcomes new shareholder

McLaren Group is pleased to confirm that Michael Latifi, a Canadian businessman, has become a shareholder, in a move that significantly strengthens the group’s balance sheet and underpins its ambitious growth plans.  McLaren announced on 14 May it had sold shares to Nidala (BVI) Limited, controlled by Michael Latifi. McLaren Group encompasses the McLaren Automotive,… Continue reading McLaren Group welcomes new shareholder

SKODA AUTO DigiLab collaborates with Israeli start-ups

ŠKODA AUTO DigiLab Israel Ltd is ŠKODA AUTO’s scout looking for start-ups in Tel Aviv to collaborate on future shared business ideas. At the end of 2017, ŠKODA AUTO founded the joint venture together with the Israeli importer Champion Motors. At the beginning of 2018, the team at ŠKODA AUTO DigiLab Israel Ltd started work… Continue reading SKODA AUTO DigiLab collaborates with Israeli start-ups

Fiat Chrysler aims to double profits, pay dividends in new plan

BALOCCO, Italy (Reuters) – Fiat Chrysler expects to at least double adjusted operating profits and return to an investment grade rating and dividends under a new plan to 2022, helped by strong growth from its Jeep SUV brand and an expansions of its premium product portfolio. FILE PHOTO: Fiat Chrysler Automobiles’ (FCA) U.S. headquarters is… Continue reading Fiat Chrysler aims to double profits, pay dividends in new plan

UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel

BALOCCO, Italy (Reuters) – Fiat Chrysler’s (FCHA.MI) Sergio Marchionne laid out his final strategic vision as chief executive on Friday with a focus on sport utility vehicles and a 9 billion euro ($10.5 billion)investment plan for electric and hybrid cars. FILE PHOTO: 2015 Jeep Grand Cherokee are exhibited on a car dealership in New Jersey,… Continue reading UPDATE 2-Marchionne leaves Fiat Chrysler debt free as prepares to hand over wheel

Ford India sales up 11% to 26,188 units in May

NEW DELHI: Ford India has reported 11.42 per cent rise in total sales at 26,188 units in May against 23,503 units in the same month last year. The company said its domestic sales stood at 9,069 units last month as against 6,742 units in May 2017, up 34.51 per cent. Exports grew to 17,119 units… Continue reading Ford India sales up 11% to 26,188 units in May