Fiat says merger into Dutch-registered FCA effective October 12
Italian carmaker Fiat (FIA.MI) said on Tuesday its merger into holding group Fiat Chrysler Automobiles (FCA) would be effective as of Oct. 12 after all conditions for the tie-up were met.
Oct 07, 2014 11:11 AM EDT
Bill Gross told rival Gundlach: ‘I am Kobe, you are LeBron’
It was one of the most extraordinary meetings in the history of the bond market. Two of the biggest-ever names in fixed-income investing, Bill Gross and Jeffrey Gundlach, fierce rivals who had never previously talked, held a secret meeting over glasses of lemonade, water, and plates of crudites about whether to join forces.
Hewlett-Packard to split into two public companies, lay off 5,000
Hewlett-Packard Co (HPQ.N) said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan.
Latest GM recalls cover 57,000-plus vehicles
General Motors Co said on Saturday it was recalling more than 57,000 vehicles in the United States for potential problems ranging from a wiring problem in the steering column to inadvertent shutdown of the engine.
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Toyota, Mitsubishi to halt production at some Japan plants due to typhoon
Toyota Motor Corp plans to halt production on Monday morning at 12 plants in central Japan due to a typhoon that is hitting the area, spokesman Ryo Sakai said on Sunday.
Oct 06, 2014 11:49 AM EDT
U.S. regulators probe steering in estimated 938,000 Ford vehicles
U.S. safety regulators have opened a probe of an estimated 938,000 Ford Motor Co (F.N) mid-sized sedans due to complaints about steering issues.
Oct 06, 2014 11:38 AM EDT
Stellar U.S. jobs data boosts dollar and stocks
The dollar climbed to a more than four-year peak and global equity markets rose on Friday after data showed U.S. employers stepped up hiring in September and the jobless rate fell to a six-year low, further signs of a relatively strong economy.
Oct 03, 2014 11:43 AM EDT
Bentley joins ultra-luxury fast lane with Mulsanne Speed
Bentley, the venerable British carmaker known for comfort and style, is moving into the fast lane of ultra-luxury cars with a new version of its flagship saloon, aiming to grab a bigger slice of a market tipped to double in size by 2018.
Oct 03, 2014 11:27 AM EDT
Searching for new supercar, Bugatti shielded from VW cost curbs
Volkswagen (VOWG_p.DE) keeps lavishing money on supercar maker Bugatti, its most exclusive brand, even as the German group plans painful cuts in its core auto business.
Oct 03, 2014 11:22 AM EDT
Premium carmakers push standardized cars to boost profit
Premium carmakers Mercedes-Benz, Volvo and BMW are aiming to sell more standardized cars and services to boost profit margins and simplify the complex list of options for buyers -- while also giving them the choice of a bespoke car if they want.
Oct 03, 2014 11:11 AM EDT
Europe's carmakers walk tightrope between low cost and high spec
Carmakers are betting on style and recycling in the battle for Europe's burgeoning small car market, adding hi-tech safety and entertainment features while often using older vehicle underpinnings as a way to keep prices down.
Oct 02, 2014 12:11 PM EDT
Fiat needs more than the 500 to turn core brand around
While rivals roll out new models and concept cars, Fiat has little to show at the Paris auto show besides another variant of its retro-styled 500 compact car, in what is starting to look like a worrying trend for the carmaker's namesake brand.
Oct 02, 2014 12:05 PM EDT
Volkswagen's Seat says nearing profitability
Volkswagen's (VOWG_p.DE) Spanish division Seat is nearing profitability as new models boost sales and core European markets grow, Seat boss Juergen Stackmann said.
Oct 02, 2014 11:58 AM EDT
BMW, Mercedes standardize cars to help buyers and boost margins
Premium carmakers Mercedes-Benz and BMW are aiming to sell more standardized cars and services to boost profit margins and simplify the complex list of options for buyers -- while also given them the choice of a bespoke car if they want.
Oct 02, 2014 11:51 AM EDT
U.S. factory growth slows but hiring by companies steps up
Growth in U.S. factory activity slowed more than expected in September even as private sector job growth accelerated, signs of an uneven expansion in the U.S. economy.
Oct 01, 2014 12:12 PM EDT
September U.S. car sales show industry still strong
U.S. consumers bought more cars in September than in the previous year, but early sales results from leading automakers on Wednesday were mixed.
Oct 01, 2014 11:27 AM EDT
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