French automaker Renault prepares to cut about 400 out of some 3,200 jobs at its Slovenian unit Revoz following the coronavirus crisis as they hit demand for its products, Revoz
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Italy’s Economy Minister Roberto Gualtieri on Monday stated that Fiat Chrysler Automobiles (FCA) has to strengthen investments in the country and avoid delocalizing its plants outside the national borders to
Italian Prime Minister Giuseppe Conte stated on Saturday that Fiat Chrysler Automobiles (FCA) was entitled to apply for the country’s state-backed loans as the automaker employs thousands of workers in
Fiat Chrysler Automobiles (FCA) is in talks with Italian lender Intesa Sanpaolo over a 6.3 billion euro ($6.8 billion) state-guaranteed loan to help the automaker weather the coronavirus crisis, a
Renault is planning to significantly reduce its vehicle range, withdrawing well-known but poorly performing models like the Espace minivans, as part of looming cost reduction plans, four sources in the
Fiat Chrysler’s decision to scrap its dividend has set another setback for plans by the Agnelli family’s Exor arm to raise cash following a $9 billion sale of its reinsurer
BMW on Thursday stated China sales of luxury passenger cars revived in April but the German premium car and motorbike producer cautioned that other markets consisting of the United States
Aston Martin posted a deep first-quarter loss following decline in sales by almost a third because of the impact of the coronavirus crisis, though the luxury automaker said production of
EU antitrust regulators will make a decision by June 17 whether to clear Fiat Chrysler and Peugeot maker PSA’s $50 billion merger, according to a European Commission filing on Monday.
Volkswagen observes demand rebounding in China, due to new buyers switching from public transport and sales of premium vehicles, but cautioned that the business would not recover from the coronavirus
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