Tag: FCA

Detroit Three signal cautious optimism for second half of 2020

Detroit’s three automakers are cautiously optimistic for the next six months after second-quarter earnings took a beating because of the coronavirus. Performance predictions hinge on specific conditions, but other actions signal a brighter future. “We expect a much, much better second half,” Fiat Chrysler Automobiles NV CEO Mike Manley said Friday during a conference call after the… Continue reading Detroit Three signal cautious optimism for second half of 2020

Electric pickups a possibility, FCA CEO says, as it updates product plans

Fiat Chrysler Automobiles NV could electrify its Ram trucks if they face deteriorating market share, CEO Mike Manley said Friday, as he provided updates on product launch plans that faced delays due to the coronavirus pandemic. The Italian American automaker has said it will electrify its profit-heavy Jeep brand by 2022, but overall it has been… Continue reading Electric pickups a possibility, FCA CEO says, as it updates product plans

Mexico’s Alfa to spin off rest of Nemak stake, shares surge

MEXICO CITY (Reuters) – Mexico’s Alfa (ALFAA.MX) said on Friday it plans to spin off the entirety of its remaining 75% stake in auto parts business Nemak (NEMAKA.MX), sending Alfa’s shares surging 17% on the prospect that the conglomerate could shrug off the struggling unit. FILE PHOTO: The logo of Nemak, a Mexico-based holding company… Continue reading Mexico’s Alfa to spin off rest of Nemak stake, shares surge

Fiat Chrysler limits COVID losses, sees much better second half

MILAN (Reuters) – A small profit in North America helped Fiat Chrysler Automobiles (FCA) to limit losses from the COVID-19 crisis in its second quarter, and the automaker forecast a “much, much better second half” ahead of its planned 2021 merger with France’s PSA Group. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen… Continue reading Fiat Chrysler limits COVID losses, sees much better second half

North America helps Fiat Chrysler to limit COVID losses

MILAN/DETROIT (Reuters) – Italian-American automaker Fiat Chrysler Automobiles (FCA) posted a smaller-than-expected operating loss in the second quarter, as a small profit in North America helped to limit the damage wrought by the COVID-19 pandemic. FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May… Continue reading North America helps Fiat Chrysler to limit COVID losses

Italian and British classics on sale at Silverstone Classics Auction – Sunday Times Driving

AN ECLECTIC group of cars are going up for sale this weekend at the Silverstone Classics Auction. Five collections comprising 110 cars encompass everything from nifty, stripped-back modern sports cars like the Zenos E10 to heritage models including a Swallow SS1, which can aptly be described as the 1930s in a car, with its black… Continue reading Italian and British classics on sale at Silverstone Classics Auction – Sunday Times Driving

Hypercar Market by 2030 Getting Ready For Future Growth | Automobili Lamborghini, Porsche 918 Spyder, mazzanti – openPR

Key players profiled in the Hypercar market includes Automobili Lamborghini, Porsche 918 Spyder, mazzanti evantra, marussia b2, Mercedes-Benz, spania gta spano, venom gt-wfe, koenigsegg one, zenvo st1, laraki, Pagani Huayra, McLaren P1, Ultima GTR, Ferrari LaFerrari, Porsche 918 Spyder, Koenigsegg Agera, Bugatti Veyron (all trims), Hennessey Venom, Lamborghini Veneno/Centenario, Rimac Concept One, and Maserati MC12.… Continue reading Hypercar Market by 2030 Getting Ready For Future Growth | Automobili Lamborghini, Porsche 918 Spyder, mazzanti – openPR

@FCA: FCA N.V. 2020 Second Quarter Results.

Following is a summary of the “FCA N.V. Q2 2020 RESULTS” press release. A PDF of the complete press release is attached to this email. The document is also available in the media section of the FCA corporate website:https://www.fcagroup.com/it-it/pages/home.aspxFCA contains Q2 COVID-19 impact with Net loss from continuing operations and Adjusted net loss both of… Continue reading @FCA: FCA N.V. 2020 Second Quarter Results.