BRUSSELS/MILAN Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger to create the world's No.4 carmaker, people close to the matter said, as they strive to meet the industry's dual challenges of funding cleaner vehicles and the global pandemic. | Video
BRUSSELS/MILAN Peugeot maker PSA has offered to boost Japanese rival Toyota to try to address EU antitrust concerns about its plan to create the world's fourth-biggest carmaker with Fiat Chrysler (FCA), people familiar with the matter said on Friday.
MILAN After more than a year on the skids, Maserati has taken the wraps off a new high performance sports car which parent Fiat Chrysler hopes will help turn the brand into the "crown jewel" of its merger with France's Peugeot .
MILAN, Sept 9 After more than a year in a
tailspin, Italian sports car brand Maserati unveiled on
Wednesday a new high performance sports car, part of a bid by
parent Fiat Chrysler Automobiles NV to revive its
premium vehicle strategy heading into its merger with French
automaker Peugeot SA.
MILAN Ferrari trimmed its full-year earnings forecast on Monday after second-quarter income fell 60% due to the impact of the coronavirus pandemic, but said orders were "very strong," sending the luxury carmaker's shares up nearly 4%.
MILAN 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.
MILAN/ROME The Italian Parliament gave the green light on Friday to a package of incentives to encourage sales of state-of-the-art combustion engine cars as well as electric and hybrid vehicles, two lawmakers told Reuters.