Fiat Chrysler CEO Sergio Marchionne was being treated in a Zurich hospital on Sunday with a serious illness as he was suffering complications after shoulder surgery. A Fiat Chrysler spokesman verified Marchionne was in Zurich’s University Hospital, which is among the country’s largest medical centers. The spokesman did not offer details about the CEO’s condition
Fiat Chrysler CEO Sergio Marchionne is going to be replaced permanently at the helm of the global automaker as well as Ferrari after suffering serious complications from surgery, sources stated on Saturday. The boards of automaker FCA, Ferrari and CNH Industrial, which Marchionne also chairs, were meeting on Saturday and named his successors later the
Tesla Inc rejected on Thursday that refunds of reservations of its Model 3 sedan were now outpacing, replying to a report earlier in the day by a Wall Street brokerage mentioning channel checks on the electric automaker. “The notion that Model 3 cancellations are outpacing orders is unequivocally false,” a Tesla spokesperson informed. Needham &
Fiat Chrysler CEO Sergio Marchionne, who is currently recovering from a shoulder operation, shall not be present to talk about the company’s second-quarter revenues with experts on July 25, Italian website Lettera43 stated, without mentioning the source of the information. Fiat Chrysler refused to comment. Marchionne underwent an operation to his right shoulder, the automaker
Ford Motor agreed to a so-called economic loss settlement of $299.1 million concerning at least 6 million U.S. vehicles with potentially defective Takata air bag inflators, court documents filed in a federal court in Miami on Monday revealed. The settlement covers several types of economic damages connected to the inflators, consisting of claims that vehicles
Tesla Inc CEO Elon Musk on Tuesday landed a deal with Chinese officials to construct a new auto plant in Shanghai, its first factory outside the United States, that would double the size of the automaker’s worldwide manufacturing. The deal was announced as Tesla increased prices on U.S.-made vehicles it sells in China to offset
Norway has declined a suggestion it is holding up Tesla’s attempts to improve service in its third-biggest market, saying the electric automaker has not yet applied to utilize the mobile service vans it says it needs to resolve its issues. Tesla Chief Executive Elon Musk last week put blame on a wait for government approval
So, you are used to flying to big cities. Your job requires you to travel a lot. Not spending every day in a cubicle is a blessing and a curse. While you have the opportunity to see the world, you deal with a lot of stress. Those who have never planned a multi city trip
General Motors has warned that higher tariffs on imported automobiles under consideration by the Trump administration could cost jobs and result in “a smaller GM” while isolating U.S. businesses from the international market. The administration in May started an investigation into whether imported vehicles pose a national security threat, and U.S. President Donald Trump has
Ford Motor’s long-time top lobbyist is departing from the automaker to join SoftBank Group, which is ramping up its Washington efforts, the companies stated on Friday. Ziad Ojakli, a Ford group vice president who is heading the Detroit automaker’s government relations strategy for 14 years and was a White House aide under President George W.
General Motors has agreed to move its Vietnamese operation to VinFast Trading and Production LLC and distribute Chevrolet vehicles through the local automaker, in a move that could assist drive up its modest sales in the country. The U.S. automaker will move full ownership of its Hanoi factory to VinFast for the Vietnamese company to
Canada’s trade minister previous week met senior officials from General Motors and Fiat Chrysler Automobiles NV in Detroit, as Ottawa takes its lobbying effort straight to the Big Three automakers to avert possible U.S. auto tariffs. The Liberal government is depending on industry partners to push Canada’s cause in the White House and others, using
Tesla Inc has sued a former worker claiming that he hacked the electric automaker’s trade secrets and transferred huge amounts of company data to third parties, as per a lawsuit filed in federal court in Nevada on Wednesday. In its lawsuit Tesla says that Martin Tripp, who earlier worked at the Tesla Gigafactory in Nevada,
Ford Motor executives on Tuesday stated the automaker is going to renovate and redevelop Michigan Central Station, Detroit’s infamous blighted landmark, transforming it into offices for up to 5,000 tech workers and software engineers dedicated to self-driving vehicles and ancillary technologies and services. Discussing with a large crowd outside the grand, yet dilapidated 18-story Michigan
Volkswagen and Ford Motor are in talks about jointly developing and building a series of commercial vehicles including vans, the companies verified on Tuesday. In a joint statement, Volkswagen and Ford stated they were thinking about a strategic alliance and “investigating several joint projects,” including development of a series of commercial vehicles for international markets.