FCA Italy working on activation of credit facility, as provided under the recent Italian Liquidity Decree, to further support automotive sector in Italy·FCA Italy has initiated a process with the Italian Government to obtain a guarantee from SACE in support of a credit facility designed to help the automotive chain Italy, comprised of approximately 10,000… Continue reading @FCA: FCA Italy working on activation of credit facility, as provided under the recent Italian Liquidity Decree, to further support automotive sector in Italy
Tag: FCA
@Groupe PSA: Press Release: FCA Group and Groupe PSA
Rueil-Malmaison and London, 13 May 2020 The board of directors of Fiat Chrysler Automobiles N.V. (“FCA”) (NYSE: FCAU / MTA: FCA) and the managing board of Peugeot S.A. (“Groupe PSA”) each today decided not to distribute an ordinary dividend in 2020 related to fiscal year 2019, in light of the impact from the current COVID-19… Continue reading @Groupe PSA: Press Release: FCA Group and Groupe PSA
Henry Ford III is rising to the top of a dynasty facing crisis – Automotive News Europe
When Wall Street analysts call Ford Motor’s investor relations department these days, they are likely to be greeted by Henry Ford himself. It’s not the founder, of course, and it’s not a recording of him either. It’s Henry Ford III, the patriarch’s great-great grandson, who at age 39 has been thrust into the crucial role… Continue reading Henry Ford III is rising to the top of a dynasty facing crisis – Automotive News Europe
Press Releases – Personal data: Connected vehicles not the same as smartphones, says auto industry
Brussels, 15 May 2020 – The European Automobile Manufacturers’ Association (ACEA) welcomes the publication of guidelines on personal data relating to connected vehicles, drafted by the European Data Protection Board (EDPB), but believes they are too broad in scope and should not be rushed through. “The automobile industry is committed to providing its customers with… Continue reading Press Releases – Personal data: Connected vehicles not the same as smartphones, says auto industry
Ferrari says first EV will pioneer new technology
The first electric Ferrari, which is tipped to arrive after 2025, will utilise new technology to ensure it can deliver on the brand’s heritage, commercial boss Enrico Galliera has said. The Italian firm has yet to confirm any plans or a timeline for its first EV, although leaked patents earlier this year hint that it’s… Continue reading Ferrari says first EV will pioneer new technology
Pandemic leaves McLaren exploring funding options
LONDON (Reuters) – McLaren is looking into various funding options to help the sportscar maker and Formula One team owner negotiate the coronavirus pandemic, a spokesman said on Thursday. FILE PHOTO: The McLaren logo is seen on the McLaren 765LT at its launch at the McLaren headquarters in Woking, Britain, March 3, 2020. REUTERS/Peter Nicholls… Continue reading Pandemic leaves McLaren exploring funding options
Press Releases – Automotive CEOs and European Commission discuss recovery plan that bolsters economy and Green Deal
Brussels, 14 May 2020 – CEOs from across the automotive value chain came together for a meeting with the European Commission to align on the priorities for a solid recovery plan for the automotive sector, with a view to stimulating the wider economy and bolstering the transformation to a carbon-neutral society. CEOs of vehicle manufacturers… Continue reading Press Releases – Automotive CEOs and European Commission discuss recovery plan that bolsters economy and Green Deal
FCA, PSA Group ditch dividend distribution over COVID-19
CLOSE The boards of Fiat Chrysler Automobiles and Peugeot maker PSA Group have nixed a planned dividend distribution in light of the coronavirus pandemic, but they say plans for their 50/50 merger remain on track. As part of their merger announcement last year, FCA and PSA Group had said each company would issue a $1.2 billion (1.1 billion euro) ordinary… Continue reading FCA, PSA Group ditch dividend distribution over COVID-19
GM predicts it will be back to full production in about 4 weeks
CLOSE Cadillac reinvents driving with system that steers car for long distances on highways The automaker brutalized by a 40-day UAW strike plans to take its sharpened rapid response skills and go from total shutdown to total production by mid-June, a top General Motors official acknowledged this week. “Not every facility will ramp up as fast as possible … Ideally,… Continue reading GM predicts it will be back to full production in about 4 weeks
All eyes on Detroit as automakers ready slow, careful reopening of plants
DETROIT (Reuters) – The U.S. factories that make Fords, Chevys and Jeeps are coming back to life this week as workers install new safety equipment and wake up machines ahead of the high-stakes restart the Detroit automakers plan to launch on Monday. Weld curtains hang across the door line at FCA’s Sterling Heights Assembly Plant… Continue reading All eyes on Detroit as automakers ready slow, careful reopening of plants