Ferrari makes parts to turn snorkel masks into covid-19 kit

Images of Ferrari 812 Superfast

Luxury automaker Ferrari has started making parts to convert snorkel masks into respirators for treating patients with covid-19 coronavirus and protecting medical workers. The idea of adapting the masks, originally suggested by Italian engineers, is now being used in several countries to deal with the increase in demand for respirators during the pandemic. Ferrari on […]

Fiat Chrysler CEO to halve his salary for three months due to coronavirus crisis

Fiat Chrysler plant in Kragujevac, Serbia

Fiat Chrysler top executives will temporarily slash their salaries to maintain the automaker’s financial soundness because of the coronavirus crisis, CEO Mike Manley informed employees on Monday. Manley said he would halve his salary for about three months to avoid job cuts in the second quarter, according to a letter which he sent to employees. […]

Fiat Chrysler new CEO to announce plans for organization by end month

Fiat Chrysler Automobiles FCA

Fiat Chrysler new CEO Mike Manley is going to announce his organizational preparations for the automaker by the end of September, the group’s chairman stated at a shareholder meeting called to vote on the appointment of the new manager following former CEO Sergio Marchionne’s sudden death. “When we learned Sergio Marchionne could not return to […]

Marchionne being treated in Zurich’s University Hospital

CEO Sergio Marchionne

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 in talks with Samsung and others about Magneti Marelli

Fiat Chrysler Automobiles (FCA)

Fiat Chrysler Vehicles remains in talks with a number of parties, such as South Korea’s Samsung Electronic devices Co Ltd, about the future of its components company Magneti Marelli, the carmaker’s chairman John Elkann stated. “There are ongoing talks, but absolutely nothing formal,” Elkann stated on Saturday during a conference of investors in his family’s […]