Tag: FCA

PSA’s car sharing service can now seek new investors, CEO says

PARIS (Reuters) – Free2Move, the car rental and car-sharing business developed by French automaker PSA Group (PEUP.PA), now has the capacity to start to court new outside investors, its chief executive Brigitte Courtehoux said. FILE PHOTO: Free2Move Paris electric vehicles by Groupe PSA are displayed outside Paris city hall as the French car maker launches… Continue reading PSA’s car sharing service can now seek new investors, CEO says

Fiat Chrysler planning for big recall on engine used in Jeeps

CLOSE Fiat Chrysler Automobiles is preparing for a possible recall over an emissions issue affecting about 1 million vehicles, likely including Jeep SUV models, equipped with its 2.4-liter Tigershark engine. Excess tailpipe pollution was released during testing on the vehicles but, according to the company, that’s not connected to claims in various lawsuits that the gasoline-powered engines burn excessive amounts of… Continue reading Fiat Chrysler planning for big recall on engine used in Jeeps

Fiat Chrysler to recall vehicles that may pollute too much

Tom Krisher, Associated Press Published 4:39 p.m. ET Aug. 5, 2020 Detroit – About 1 million Fiat Chrysler vehicles with four-cylinder engines in the U.S. may spew too much pollution, and the company is working with government officials on a recall. Fiat Chrysler says in a quarterly filing with securities regulators that it found the… Continue reading Fiat Chrysler to recall vehicles that may pollute too much

Check out the eccentric Rinspeed Porsche R69 Turbo – Forma car News

Swiss tuner Rinspeed is famous for its many radical Porsche builds, some of them more controversial than others. This Porsche 911 Turbo G mimicking as the Ferrari Testarossa is a specimen from the latter category. The unusual conversion debuted at the 1985 Geneva International Motor Show wearing a wide body kit, a flat front and… Continue reading Check out the eccentric Rinspeed Porsche R69 Turbo – Forma car News

Stoneacre Motor Group acquires Hodgson Newcastle Ltd car dealership group

Stoneacre Motor Group has continued to drive past its former £1 billion turnover growth target with the acquisition of the Hodgson Newcastle Ltd car dealership group. The AM100 retail group told AM that the acquisition had been postponed following the outbreak of COVID-19 coronavirus but was completed last week under the deal’s initial terms. “A… Continue reading Stoneacre Motor Group acquires Hodgson Newcastle Ltd car dealership group

GM: Millions of dollars in offshore bank accounts fueled Fiat Chrysler scheme

CLOSE General Motors is suggesting that former UAW Vice President and ex-GM board member Joe Ashton was acting as a paid mole inside the company’s boardroom during 2015 contract bargaining as it seeks to revive its racketeering lawsuit against Fiat Chrysler Automobiles. Adding potentially more intrigue in the long-running UAW corruption scandal, GM also claims in a court filing Monday… Continue reading GM: Millions of dollars in offshore bank accounts fueled Fiat Chrysler scheme

As Sales Rise, Automakers Ramp Up Production

Just two months ago, the auto industry was bracing for disaster. As the coronavirus spread, automakers shut down plants, and car sales plunged. But the industry is starting to breathe a little easier. Factories are churning out trucks and sport utility vehicles, with many of the plants nearly back to production levels that prevailed before… Continue reading As Sales Rise, Automakers Ramp Up Production

Ferrari expects at least 1 billion euros profit in 2020

Daniele Lepido, Bloomberg Published 9:53 a.m. ET Aug. 3, 2020 | Updated 10:02 a.m. ET Aug. 3, 2020 Ferrari NV narrowed the range of its full-year profit guidance toward the lower end after the supercar-maker was forced to shutter factories for seven weeks because of the coronavirus pandemic. Ferrari, controlled by the Agnelli family’s investment… Continue reading Ferrari expects at least 1 billion euros profit in 2020

Q2 2020 AFFECTED BY COVID-19, BUT IN LINE WITH EXPECTATIONS, FULL YEAR GUIDANCE NARROWED WITHIN THE PREVIOUS RANGE

Q2 2020 AFFECTED BY COVID-19, BUT IN LINE WITH EXPECTATIONS,FULL YEAR GUIDANCE NARROWED WITHIN THE PREVIOUS RANGEFerrari N.V. (NYSE/MTA: RACE) today announces its consolidated preliminary results for the second quarter and six months ended June 30, 2020, summarized as follows:Total shipments of 1,389 units, halved versus prior year, as a result of both production and… Continue reading Q2 2020 AFFECTED BY COVID-19, BUT IN LINE WITH EXPECTATIONS, FULL YEAR GUIDANCE NARROWED WITHIN THE PREVIOUS RANGE