Tag: FCA

California bill would require all self-driving vehicles to be zero emission by 2025

California might be the first state to give self-driving cars a deadline to electrify. In mid-February, a bill was quietly introduced into the California State Legislature that would require all autonomous vehicles to also be zero emission by 2025. Proposed Bill SB 500, which was introduced by Senator Dave Min and sponsored by the Union… Continue reading California bill would require all self-driving vehicles to be zero emission by 2025

VW expects half of U.S. sales to be electric vehicles by 2030

Volkswagen’s ID Buzz vehicle. Aeva Volkswagen is accelerating its plans for all-electric vehicles in a bid to become “the world’s most desirable brand for sustainable mobility,” a title arguably already owned by Tesla. The German automaker Friday morning said more than 70% of its Volkswagen brand’s European sales will be EVs by 2030, up from… Continue reading VW expects half of U.S. sales to be electric vehicles by 2030

Two funds focus on the aluminum for supercars of the 3M of Perugia

made in Italy The historic foundry that serves luxury automotive brands such as Ferrari and Lamborghini has ended up in the sights of Sici Sgr and Next Holding by Silvia Pieraccini The historic foundry that serves luxury automotive brands such as Ferrari and Lamborghini has ended up in the sights of Sici Sgr and Next… Continue reading Two funds focus on the aluminum for supercars of the 3M of Perugia

Volkswagen doubles its electric sales target: 70% by 2030

Fierce competition Volkswagen, now the second largest producer in the world after Toyota, is facing a constantly evolving market and increasingly fierce competition. Carmakers are competing to develop electric vehicles and meet Europe’s increasingly stringent CO2 emissions targets, under penalty of heavy penalties. Ford has announced that it will only produce electric cars by 2030… Continue reading Volkswagen doubles its electric sales target: 70% by 2030

Stellantis CEO does not rule out M&A operations – paper

With Europe and the United States as its top markets, the carmaker needs to revive its lagging fortunes in China. ROME: The chief executive of newly-created Stellantis said he does not rule out M&A operations for the carmaker, although he signalled that the company is now focused on implementing its merger, daily Il Sole 24… Continue reading Stellantis CEO does not rule out M&A operations – paper

Stellantis to distribute its stake in Faurecia to shareholders

By Reuters Staff 1 Min Read A view shows the logo of Stellantis at the entrance of the company’s factory in Hordain, France, March 3, 2021. REUTERS/Pascal Rossignol MILAN (Reuters) – Stellantis on Thursday announced distribution of the stake it still holds in auto parts maker Faurecia to its shareholders. Stellantis shareholders will decide on… Continue reading Stellantis to distribute its stake in Faurecia to shareholders

@FCA: Stellantis announces conditional distribution of Faurecia shares and cash

Stellantis announces conditional distribution of Faurecia shares and cashAmsterdam, March 4, 2021 – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today a conditional distribution by Stellantis to the holders of its common shares of up to 54,297,006 ordinary shares of Faurecia S.E. (“Faurecia”) and up to €308 million in cash, being… Continue reading @FCA: Stellantis announces conditional distribution of Faurecia shares and cash

@Groupe PSA: PR Stellantis publishes its 2020 Annual Report and Form 20-F and the 2020 Consolidated Financial Statements and Management’s Discussion and Analysis of Groupe PSA001314

Amsterdam – Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) (“Stellantis”) announced today that it has published its 2020 Annual Report and Form 20-F and filed its Form 20-F, including the financial statements of Fiat Chrysler Automobiles N.V. for the fiscal year ended December 31, 2020, with the United States Securities and Exchange Commission… Continue reading @Groupe PSA: PR Stellantis publishes its 2020 Annual Report and Form 20-F and the 2020 Consolidated Financial Statements and Management’s Discussion and Analysis of Groupe PSA001314

UK car industry reports worst February sales since 1959

The car industry has had its worst February for sales since 1959 as dealerships across the UK remained closed through national lockdowns. British consumers bought only 51,300 cars in the month, a 35.5% year-on-year decline, according to the Society of Motor Manufacturers and Traders (SMMT). The lobby group also cut its new car sales forecast… Continue reading UK car industry reports worst February sales since 1959