Tag: FCA

Federal judge throws out GM’s racketeering lawsuit against Fiat Chrysler

FILE PHOTO: The GM logo is seen at the General Motors Assembly Plant in Ramos Arizpe, state of Coahuila, Mexico October 7, 2019. REUTERS/Daniel Becerril DETROIT (Reuters) – A federal judge on Wednesday threw out a racketeering lawsuit General Motors Co (GM.N) had filed against smaller rival Fiat Chrysler Automobiles NV (FCHA.MI)(FCAU.N), saying the No.… Continue reading Federal judge throws out GM’s racketeering lawsuit against Fiat Chrysler

Court overturns order to have GM, Fiat Chrysler chiefs meet

The Associated Press Published 8:17 p.m. ET July 6, 2020 | Updated 8:32 p.m. ET July 6, 2020 Detroit – An appeals court on Monday said the CEOs of General Motors and Fiat Chrysler don’t have to meet to settle a lawsuit between the two automakers. The court overturned an extraordinary decision by a federal… Continue reading Court overturns order to have GM, Fiat Chrysler chiefs meet

ALYI – Alternet Sustainable EV Ride-share Business Accelerates Amid Industry Momentum

DALLAS, July 7, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today confirmed a $2.5 million prefunding deal in conjunction with a recently announced $25 million first tranche investment at a $50 million enterprise valuation that is anticipated to close within the next 90 days (see more investment details below). The $2.5 million confirmation is made in… Continue reading ALYI – Alternet Sustainable EV Ride-share Business Accelerates Amid Industry Momentum

Ford’s Bronco SUV bucking to take on FCA’s Jeep

DETROIT (Reuters) – Ford Motor Co (F.N) on Monday rolled out the product and marketing strategy for its new family of Bronco SUVs designed to take a bite out of Fiat Chrysler Automobiles’ (FCHA.MI) (FCAU.N) profitable Jeep franchise. A lineup of 2021 Ford Broncos, along with the logo, are displayed in this computer-generated image obtained… Continue reading Ford’s Bronco SUV bucking to take on FCA’s Jeep

Italy eyes measures to support auto industry: PM

The government would start working on a comprehensive tax reform from next week, Conte said, but did not elaborate. ROME: Italy is considering fiscal measures to spur investments in the auto and tourism industries, two of the sectors that have been hardest hit by the coronavirus pandemic, Prime Minister Giuseppe Conte said on Saturday. Speaking… Continue reading Italy eyes measures to support auto industry: PM

Fiat, PSA stick to merger deal after dividend cut report

MILAN (Reuters) – Fiat Chrysler (FCA) and PSA said on Friday they were sticking to the merger plan signed last year after a newspaper said the carmakers were looking at spinning off assets to cut a planned 5.5 billion euro ($6.2 billion) cash payout to FCA shareholders. FILE PHOTO: The logos of car manufacturers Fiat… Continue reading Fiat, PSA stick to merger deal after dividend cut report

Italy to introduce subsidies to combustion engine cars to help industry: lawmakers

MILAN/ROME (Reuters) – The Italian Parliament gave the green light on Friday to a package of incentives to encourage sales of state-of-the-art combustion engine cars as well as electric and hybrid vehicles, two lawmakers told Reuters. Italy will be joining France and Germany in helping the automotive industry, which has been hammered by the coronavirus… Continue reading Italy to introduce subsidies to combustion engine cars to help industry: lawmakers

Fiat Chrysler considering options to cut amount of cash dividend in PSA merger: paper

FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane Mahe/File Photo MILAN (Reuters) – Fiat Chrysler (FCHA.MI) is considering options to reduce a planned cash payout to its shareholders which is part of its tie-up agreement with France’s… Continue reading Fiat Chrysler considering options to cut amount of cash dividend in PSA merger: paper