Fiat-Chrysler Automobiles has rebuffed buyers interested in its automotive parts unit Magneti Marelli and is holding fast to its plan to spin off the business, reported Bloomberg Thursday, citing sources.
Tag: FCA
BMW beats second-quarter forecasts as new anti pollution rules dent rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) reported a smaller-than-expected 6 percent decline in second quarter operating profit on Thursday while brushing off concerns about new anti-pollution rules and global trade tensions which caused rival Daimler (DAIGn.DE) to warn on profits. FILE PHOTO: The logo of German car manufacturer BMW is seen on the bonnet of a… Continue reading BMW beats second-quarter forecasts as new anti pollution rules dent rivals
Ferrari shares drop 10% after new CEO calls financial targets ‘aspirational’
Ferrari shares dropped about 10 percent on Wednesday after its new CEO said its financial targets to 2022 are “aspirational.”
UPDATE 1-Ferrari confirms guidance as new CEO takes the wheel
MILAN (Reuters) – Ferrari (RACE.MI) reported a 7 percent rise in second-quarter adjusted core earnings and confirmed its outlook for the year as a new boss takes charge at the Italian supercar maker following the death of Sergio Marchionne. FILE PHOTO: The Ferrari Insignia is seen at the back of a Ferrari Testarossa during a… Continue reading UPDATE 1-Ferrari confirms guidance as new CEO takes the wheel
The future of Ferrari under the Marlboro man
Getty Images Sergio Marchionne, Chief Executive Officer, Fiat Chrysler Automobiles is viewed next to a Ferrari after ringing the Closing Bell on the floor of the New York Stock Exchange (NYSE) on October 13, 2014 in New York City. Friends and colleagues of Camilleri, who requested anonymity because they aren’t authorized to speak for him… Continue reading The future of Ferrari under the Marlboro man
Waymo strikes deals with Walmart, others to boost access to self-driving cars
Brendan McDermid | Reuters Waymo unveils a self-driving Chrysler Pacifica minivan in Detroit, Michigan, U.S. on January 8, 2017. Waymo, the Alphabet company that spun out of Google’s former self-driving car division, is partnering with some of the country’s largest companies to expand how many people have access to its self-driving vehicles.
European auto stocks soar after Trump-Juncker ‘ceasefire’
Car stocks got a boost Thursday following the meeting between the U.S. and European Union that earned automakers in the region a reprieve from higher import tariffs.
Fiat Chrysler loses Sergio Marchionne with bumpy road ahead
Fiat Chrysler Automobiles was facing an uncertain future even before the man who led its unlikely turnaround became gravely ill. After he became incapacitated from complications with a shoulder surgery, the company was forced to hastily replace Sergio Marchionne as chief executive over the weekend. Fiat Chrysler now must find a way to deal with… Continue reading Fiat Chrysler loses Sergio Marchionne with bumpy road
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Fiat Chrysler’s Europe head resigns after Marchionne’s replacement named
Fiat Chrysler’s European chief is leaving the company after it promoted Mike Manley, head of the Jeep brand, to CEO.
Auto industry legend CEO Sergio Marchionne dies at age 66
Former Fiat Chrysler (FCA) CEO Sergio Marchionne, who played a pivotal role in two corporate turnarounds, has died at the age of 66.