Tag: FCA

BRIEF-Brembo chairman says not interested in Magneti Marelli

March 6 (Reuters) – Italian brakes maker Brembo Chairman Alberto Bombassei tells journalist at Geneva car show: * ABSOLUTELY NO INTEREST IN FIAT CHRYSLER’S MAGNETI MARELLI UNIT * CONSIDERING ONLY “TECHNOLOGICALLY ADVANCED” PRODUCTS FOR POSSIBLE ACQUISITIONS Further company coverage: (Reporting by Milan Newsroom) Our Standards:The Thomson Reuters Trust Principles.

Press Releases – EU-US automobile trade and production in context

Geneva, 6 March 2018 – In the margins of the Geneva motor show, the European Automobile Manufacturers’ Association (ACEA) reacts to recent discussions on possible tariffs on EU car imports to the United States by putting the trade relations between the two regions in context. “ACEA’s members are global companies, and international trade is an… Continue reading Press Releases – EU-US automobile trade and production in context

Morgan Plus 8 50th Anniversary launched

Morgan is marking the 50th year of its Plus 8 sports car with a new special edition of which just 50 examples will be produced. Revealed at the Geneva motor show, the new 50th Anniversary model will be among the very last cars to use a BMW N62 V8 engine, which bows out with the… Continue reading Morgan Plus 8 50th Anniversary launched

Exclusive: Fiat Chrysler to spin-off Magneti Marelli without raising money – sources

LONDON/FRANKFURT/MILAN (Reuters) – Fiat Chrysler Automobiles NV (FCA) (FCHA.MI) is looking to spin off auto-parts business Magneti Marelli to its shareholders via a Milan listing that will not raise money by selling new shares, four sources familiar with the matter said. FILE PHOTO: A screen displays the ticker information for Fiat Chrysler Automobiles NV at… Continue reading Exclusive: Fiat Chrysler to spin-off Magneti Marelli without raising money – sources

Chinese Automaker Geely Offered To Buy Fiat Chrysler For $22 Billion: Report

Photo: FCA The founder and chairman of China’s Zhejiang Geely Holding Group Co. has global expansion on his mind. Last week, Li Shufu succeeded in becoming Daimler’s largest single shareholder. But before that he made a play for Fiat Chrysler, and today, we may know more about how that went down. The Billionaire Who Controls… Continue reading Chinese Automaker Geely Offered To Buy Fiat Chrysler For $22 Billion: Report

The death of diesel: can struggling industry woo back consumers?

Automotive industry Amid fears about pollution, penalties and bans, buyers are abandoning diesel cars in droves Experts predict diesel’s UK market share will drop from one in two cars sold to one in seven by 2025. Photograph: Martin Meissner/AP No customers were troubling the Jaguar showroom in Welwyn Garden City on Friday, at the start… Continue reading The death of diesel: can struggling industry woo back consumers?

Press Release No. 05/2018 – Vehicle registrations in the February 2018

date 03/02/2018 Flensburg, March 2, 2018. 261,749 Passenger cars ( car ) were newly registered in February. That was +7.4 percent more than in the same month last year. The share of commercial approvals was 63.1 percent (+ 0.8%). Private registrations increased by + 21.3 percent. Except for Audi (-3.6%) and BMW (-0.7%) recorded the… Continue reading Press Release No. 05/2018 – Vehicle registrations in the
February 2018

Toyota starts a new $2.8 billion company to develop self-driving software

Toyota is expanding its pursuit of self-driving cars by starting a new company called Toyota Research Institute-Advanced Development, or TRI-AD. The Japanese automaker is starting the company in conjunction with automotive supplier Aisin Seiki and Denso, and together, they plan to invest $2.8 billion into TRI-AD in the coming years and hire around 1,000 employees… Continue reading Toyota starts a new $2.8 billion company to develop self-driving software

The Italian car market falls 1.4% in February, but rises almost 1% in the two months

Posted 02/03/2018 11: 30: 38CET ROME, 2 Mar. (EUROPA PRESS) – Automobile registrations in the Italian market experienced a decline of 1.42% during the month of February, with a volume of 181,734 units, according to data from the National Archive of Vehicles of Italy collected by Europa Press. The best-selling brand in Italy in February… Continue reading The Italian car market falls 1.4% in February, but rises almost 1% in the two months