MILAN/DETROIT Fiat Chrysler (FCA) shares fell 12 percent on Thursday after weaker-than-expected guidance for profits and industrial free cash flow this year raised doubts about the Italian-American carmaker's longer-term targets.
LONDON/MILAN BT Group may have to cut the price tag of its troubled Italian arm as bidders are mainly interested in parts of the business rather than the whole division, which suffered an accounting scandal in 2017, sources told Reuters.
LONDON/MILAN, Feb 5 BT Group may have to
cut the price tag of its troubled Italian arm as bidders are
mainly interested in parts of the business rather than the whole
division, which suffered an accounting scandal in 2017, sources
MILAN Ferrari expects growth in core earnings to accelerate to 10 percent this year and Chief Executive Louis Camilleri said he might raise targets for 2020, betting on new models and special editions at premium prices to lure customers.
* TIM says 2018 Italian core earnings down by mid-single
MILAN Telecom Italia has called a shareholder meeting for March 29 to vote on top investor Vivendi's request to replace five board members, setting the stage for a new showdown between the French media giant and U.S. activist fund Elliott.
MILAN Fiat Chrysler (FCA) could review its 5 billion euro ($5.7 billion) Italian investment plan, which includes a shift to cleaner engines, if Rome raises taxes on petrol and diesel cars.
TURIN, Italy Fiat Chrysler plans to spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy over the next three years to try to make better use of factories and boost jobs and margins.
MILAN Fiat Chrysler (FCA) is expected to commit to producing a raft of new models in Italy, including Jeeps and an Alfa Romeo SUV, union sources said, as the carmaker strives to fill underutilized plants and lift profit margins in Europe.