United States

Giulio Piovaccari

Fiat, PSA to win EU approval for $38 billion merger: sources

Oct 26 2020

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

PSA offers to boost Toyota to win EU okay for Fiat deal: sources

Sep 25 2020

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.

Maserati aims to be 'crown jewel' of FCA-PSA merger with new super car

Sep 10 2020

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 .

REFILE-Maserati rolls out new super sports car to drive turnaround ahead of FCA-PSA merger

Sep 10 2020

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.

Ferrari's orders accelerate after virus hit to full-year outlook

Aug 03 2020

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%.

Fiat Chrysler limits COVID losses, sees much better second half

Jul 31 2020

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.

Italy to introduce subsidies to combustion engine cars to help industry: lawmakers

Jul 03 2020

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.

World News