Tag: FCA

VW braces for EU fine for missing CO2 emissions reduction target – Automotive News Europe

Volkswagen Group expects to be fined by the European Union this year for failing to achieve its CO2-reduction target for its new-car fleet — despite the automaker’s deal to pool emissions with Chinese-owned UK brand MG Motor. “We cannot provide a clear commitment at this point that we will achieve compliance. It will be a… Continue reading VW braces for EU fine for missing CO2 emissions reduction target – Automotive News Europe

Honda joins Fiat in paying Tesla for Europe C02 compliance

Honda Motor Co. joined Fiat Chrysler Automobiles NV in pooling its fleet with Tesla Inc.’s to comply with emissions standards for passenger cars in Europe this year. Honda was newly added as of last week to a European Commission filing in which manufacturers declare their intent to jointly meet greenhouse-gas emissions standards. The Japanese automaker’s… Continue reading Honda joins Fiat in paying Tesla for Europe C02 compliance

@Ferrari: On track to reach the top end of the full year guidance on all metrics

2020 Guidance revised to the top end of the August 3rd guidance subject to trading conditions unaffected by further Covid-19 pandemic restrictions: Maranello (Italy), November 3, 2020 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) today announces its consolidated preliminary results(3) for the third quarter and nine months ended September 30, 2020. Shipments(4)(5) Shipments… Continue reading @Ferrari: On track to reach the top end of the full year guidance on all metrics

Fiat Chrysler faces up to $840 million in potential new U.S. regulatory costs

By David Shepardson 3 Min Read WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCA) disclosed it could face costs of up to 722 million euros ($840 million) to resolve a Justice Department investigation into excess diesel emissions and as a result of higher fuel economy penalties. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is… Continue reading Fiat Chrysler faces up to $840 million in potential new U.S. regulatory costs

German Manager Magazin: Ford and Volvo agree on CO2 alliance000289

The American automaker ford tries to avoid the impending CO2 penalties in Europe through an alliance with the Swedish competitor Volvo. The companies registered their alliance with the European Union on Thursday. Ford will meet the stricter rules for CO2 emissions that have been in effect since this year together with Volvo, according to company… Continue reading German Manager Magazin: Ford and Volvo agree on CO2 alliance000289

German Manager Magazin: Ford: Pickup hype makes for profit000288

The second largest US automakerfordhas increased profit significantly in the third quarter. The bottom line was that the group earned 2.4 billion dollars (2 billion euros) in the three months to the end of September after 400 million in the same period last year. Sales rose 1 percent to $ 37.5 billion, Ford announced on… Continue reading German Manager Magazin: Ford: Pickup hype makes for profit000288

German Manager Magazin: PSA and Fiat Chrysler with robust figures in the merger, Opel sales extremely weak000288

Before the crucial phase of the merger with Fiat Chrysler can he OpelParent companyPPEhave a robust business and full order books. In the third quarter, sales in the auto division rose by 1.2 percent to almost twelve billion euros. One reason is that the French group again sold more profitable vehicles such as SUVs and… Continue reading German Manager Magazin: PSA and Fiat Chrysler with robust figures in the merger, Opel sales extremely weak000288

FCA expects to pay $259M in criminal settlement over alleged diesel emissions cheating

Fiat Chrysler Automobiles NV disclosed the probable loss for a federal criminal settlement over allegations of cheating on diesel emissions tests to be almost $259 million. The notice was made in the company’s third-quarter financial filing with the U.S. Securities & Exchange Commission after the Italian American automaker this week shared record financial results. An FCA spokesman declined to comment on… Continue reading FCA expects to pay $259M in criminal settlement over alleged diesel emissions cheating

@FCA: Alfa Romeo Extends Partnership With Sauber Motorsport for 2021 Formula One Season

October 29, 2020 , Auburn Hills, Mich. – Alfa Romeo and Sauber Motorsport will join forces, once again, for the Formula One World Championship. The partnership between two of the most recognized brands in motorsports started in 2018, when Alfa Romeo joined the team as title sponsor. The past two years the team has scored hard-earned… Continue reading @FCA: Alfa Romeo Extends Partnership With Sauber Motorsport for 2021 Formula One Season