FCA CEO Mike Manley received $12.5 million in compensation in 2019

Fiat Chrysler Automobiles NV CEO Mike Manley in 2019 received $12.46 million (11.45 million euro) in compensation for his first full year leading the Italian American automaker. In a filing Tuesday with the Securities and Exchange Commission, Fiat Chrysler said it neared the $14 million total pay target for Manley it had projected last year. The automaker was the first of Detroit’s… Continue reading FCA CEO Mike Manley received $12.5 million in compensation in 2019

Glyn Hopkin opens its first official franchised Kia dealership in Romford

Glyn Hopkin has opened a new official franchised Kia dealership in Romford. The Kia dealership is a first for the group, which takes its brand count to 13. Fraser Cohen, managing director of Glyn Hopkin, said: “Kia is a progressive and highly respected brand in the UK, and this appointment marks an important development for… Continue reading Glyn Hopkin opens its first official franchised Kia dealership in Romford

26 Feb 2020 GKN Automotive winter testing its latest modular eDrive technol…

GKN Automotive winter testing eDrive systems with its latest inverter and eMotor technologies Range of scalable eDrive units being developed for multiple platform and torque requirements, to meet increasing industry demand for electric vehicles 2020 sales for GKN Automotive electrified drivelines are on track to grow 141% over 2019 GKN Automotive eDrive production forecast to… Continue reading 26 Feb 2020 GKN Automotive winter testing its latest modular eDrive technol…

@Groupe PSA: Groupe PSA achieved a new profitability record in 2019

€74.7 billion Group revenue up 1% 8.5% Group adjusted operating margin[1] at €6.3 billion 8.5% Automotive division[2] adjusted operating margin up 0.9 pt at €5.0 billion Record net result Group share at €3.2 billion €3.3 billion Automotive division free cash flow PACE! plan target achieved with Opel Vauxhall 6.5% adjusted operating margin Carlos Tavares, Chairman… Continue reading @Groupe PSA: Groupe PSA achieved a new profitability record in 2019

Peugeot-owner PSA enjoys record profits

Peugeot-owner PSA enjoys record profits with FCA merger in sight Read M&A insights you won’t find elsewhere Exclusive scoops Smart data to help spot risk and opportunity Analysis of broader trends in M&A Lex, our agenda-setting business commentary (Premium only) Due Diligence, an exclusive M&A newsletter (Premium only) Choose your subscription Trial Not sure which… Continue reading Peugeot-owner PSA enjoys record profits

Profits surge at Peugeot maker PSA ahead of Fiat merger

PARIS (Reuters) – Peugeot maker PSA Group said its profitability reached a record high in 2019 but the French carmaker forecast falling industry sales in Europe this year as it pursues its merger with Fiat Chrysler, which is strong in North America. FILE PHOTO: The logo of French car manufacturer Peugeot is seen at Brussels… Continue reading Profits surge at Peugeot maker PSA ahead of Fiat merger

@Hyundai: Sonata Thrives in the U.S. for Its Design And In-Car Technology

The 8th-generation Hyundai Sonata has won three different design and tech awards. Here’s how Sonata dominated the U.S. market. The 8th-generation Sonata has recognized by multiple awards in the U.S. It won Kelley Blue Book’s 2020 Best Auto Tech, the Transportation Design of 2019 GOOD DESIGN AWARD, and ALG’s 2020 Redesign of the Year. Best… Continue reading @Hyundai: Sonata Thrives in the U.S. for Its Design And In-Car Technology

Jeep’s New Three-Row Crossover Looks Like A Grand Cherokee XL – CarScoops

Three-row crossovers and SUVs have exploded in popularity, but Jeep hasn’t sold one in the United States since the Commander went out of production in 2010. That’s about to change as spy photographers have snapped pictures of an all-new three-row crossover which is slated to go into production later this year. Little is known about… Continue reading Jeep’s New Three-Row Crossover Looks Like A Grand Cherokee XL – CarScoops

@FCA: FCA announces proposal of dividend distribution and files its 2019 Annual Report and Form 20-F

FCA announces proposal of dividend distribution and files its 2019 Annual Report and Form 20-FFiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) announced today that its Board of Directors intends to recommend to the Company’s shareholders a dividend distribution to the holders of common shares of €0.70 per common share, corresponding to a total… Continue reading @FCA: FCA announces proposal of dividend distribution and files its 2019 Annual Report and Form 20-F

Fiat Chrysler CEO Manley received 13.3 mln euros in 2019 compensation -filing

FILE PHOTO: CEO of Fiat Chrysler Automobiles (FCA) Mike Manley attends the North American International Auto Show in Detroit, Michigan, U.S., January 14, 2019. REUTERS/Rebecca Cook DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCA) Chief Executive Mike Manley received compensation of 13.28 million euros ($14.45 million) for 2019, in line with a target set by… Continue reading Fiat Chrysler CEO Manley received 13.3 mln euros in 2019 compensation -filing