Tag Archives: Industry

Alfa Romeo, Maserati spinoff back in the spotlight

Late last year, talk of Fiat Chrysler Automobiles spinning off its upmarket Alfa Romeo and Maserati brands emerged in investor circles. The thinking was that the money raised could eliminate FCA's debts of around $7 billion and thus improve the company's credit rating and better prepare...

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Report: China’s Great Wall wants to acquire Jeep

A Chinese automaker named after the country's most iconic structure says it wants to own the most quintessentially American of automakers: Jeep. One week ago, a report claimed an unnamed Chinese automaker had placed a bid to buyout Fiat-Chrysler Automobiles, a move that would fulfill CEO Sergio...

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Report: Chinese automaker makes bid for Fiat Chrysler Automobiles

Fiat Chrysler Automobiles CEO Sergio Marchionne has been fishing for a potential merger partner or buyer for the past couple of years. His goal is to find someone willing to share the burden of steep capital costs the auto industry demands. Now it seems that one party has finally bitten. Automotive...

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Lotus shocks, heads toward profitability as fiscal year closes

Lotus has pulled a money-laden rabbit from its top hat. With the results of its 2016/2017 fiscal year, Lotus Group International Limited's operations are heading toward profitability. At the close of the fiscal year, Lotus posted a positive earnings before interest, tax, depreciation, and...

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Volkswagen views Tesla as competitor, possible threat

Times are changing in the automotive industry when traditional automakers begin to view disruptors—such as Tesla—as true competitors. The latest such comments come from the world's largest automaker by sales: Volkswagen Group. Volkswagen brand CEO Herbert Diess told Reuters it...

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