Ferrari Announces Offering of Notes  

Maranello, 20 May, 2020 – Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) announced today that it plans to offer unsecured debt securities (the “Notes”) in benchmark size and subject to market conditions. The Notes are intended to rank pari passu with respect to all other outstanding unsecured and unsubordinated obligations of Ferrari.Ferrari intends to use the net… Continue reading Ferrari Announces Offering of Notes  

Renault plans to reopen the Sandouville plant on May 22

No Ascension Bridge for the factory Renault from Sandouville. Closed since May 7, following a court decision, the plant is expected to reopen on Friday, May 22. This decision was announced this Wednesday, May 20 in the morning to the unions of the factory, which produces the Renault Trafic and derivatives of the van for… Continue reading Renault plans to reopen the Sandouville plant on May 22

@Ferrari: Ferrari Announces Offering of Notes

Maranello (Italy), 20 May, 2020 – Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) announced today that it plans to offer unsecured debt securities (the “Notes”) in benchmark size and subject to market conditions. The Notes are intended to rank pari passu with respect to all other outstanding unsecured and unsubordinated obligations of Ferrari. Ferrari intends to use… Continue reading @Ferrari: Ferrari Announces Offering of Notes

Rationale for FCA-PSA merger deal ‘stronger than ever’: Elkann

FILE PHOTO: Chairman and CEO of Exor and Chairman of Fiat Chrysler Automobiles John Elkann speaks during investor day held by the holding group of Italy’s Agnelli family in Turin, Italy November 21, 2019. REUTERS/Massimo Pinca/File Photo MILAN (Reuters) – The reasons behind the proposed merger of car makers Fiat Chrysler (FCHA.MI) and Peugeot-owner PSA… Continue reading Rationale for FCA-PSA merger deal ‘stronger than ever’: Elkann

Fiat Chrysler’s loan request raises doubts about 5.5 euro billion dividend

ROME/MILAN (Reuters) – Italy could look into Fiat Chrysler’s (FCHA.MI) planned 5.5 billion euro ($6 billion) payout as part of its merger with Peugeot after the Italian-American carmaker asked for a 6.3 billion euro state-backed loan, a senior government source said. FILE PHOTO – New Fiat 500 electric cars are displayed at a Fiat Chrysler… Continue reading Fiat Chrysler’s loan request raises doubts about 5.5 euro billion dividend

FCA has to strengthen investments in Italy to seek state-backed loan: Economy Minister

FILE PHOTO: Italy’s Minister of Finance Roberto Gualtieri attends a one day Italo-Franco summit in Naples, Italy February 27, 2020. REUTERS/Ciro De Luca/File Photo ROME (Reuters) – Italy’s Economy Minister Roberto Gualtieri on Monday said Fiat Chrysler [FCHA.MI] has to strengthen investments in Italy and avoid delocalizing its factories outside the national borders to apply… Continue reading FCA has to strengthen investments in Italy to seek state-backed loan: Economy Minister

@FCA: FCA Statement on Restart of U.S. Manufacturing Facilities

FCA Statement on Restart of U.S. Manufacturing Facilities May 18, 2020 , Auburn Hills, Mich. – After welcoming back nearly 12,000 employees to our U.S. manufacturing facilities today, we successfully resumed production of our award-winning vehicles under a comprehensive, multi-layered program of health and safety measures designed with the single purpose of safeguarding employees. We were pleased… Continue reading @FCA: FCA Statement on Restart of U.S. Manufacturing Facilities

@FCA: Alfa Romeo USA Announces 110th Anniversary Heritage Content Package

May 18, 2020 , Auburn Hills, Mich. – In preparation of Alfa Romeo’s 110th anniversary, to be officially celebrated on June 24, 2020, the brand is launching a comprehensive heritage package that highlights key moments in its illustrious history. Headlining the heritage package is an interactive e-book, which spans from the brand’s very beginning in 1910,… Continue reading @FCA: Alfa Romeo USA Announces 110th Anniversary Heritage Content Package

Dyson finally unveils its cancelled electric car – Autoblog

Having famously killed off its electric car project back in October, Dyson’s automobile remained a mystery to most, with insiders telling Engadget that only a handful of engineers had seen a working prototype somewhere in Wiltshire. But yesterday, the company chose to finally show off its scrapped electric car for an interview about Sir James… Continue reading Dyson finally unveils its cancelled electric car – Autoblog