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Fiat Chrysler to spin off luxury brand Ferrari
2014-10-29 19:16:37| Automakers - Topix.net
Fiat Chrysler Automobiles announced Wednesday it will spin off sports car maker Ferrari into a separate company, a move to unlock the luxury brand's value and distinguish it from its mass-market parent. The spinoff aims to raise money to support the newly merged carmaker's plans to invest 48 billion euros over five years to compete with global giants Toyota and Volkswagen.
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Fiat Chrysler says to spin off Ferrari, list 10 percent stake
2014-10-29 19:16:36| Automakers - Topix.net
The world's seventh-largest carmaker said the board had mandated its management to complete the spin-off next year. It said the remaining 90 percent would be distributed among FCA shareholders - who include the Agnelli family which founded Fiat.
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Fiat Chrysler to spin off Ferrari
2014-10-29 16:30:01| BBC News | Business | UK Edition
Fiat Chrysler Automobiles plans to spin off Ferrari and sell a 10% stake in the luxury carmaker on the stock market.
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Fiat Chrysler returns to Q3 profit
2014-10-29 15:22:05| Automakers - Topix.net
Fiat Chrysler Automobiles returned to a profit in the third quarter thanks to a good performance by its luxury brands and gains in North America and Asia. Fiat Chrysler Automobiles on Wednesday reported a net profit of 174 million euros for the three months ending Sept.
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Toyota tops, Fiat Chrysler last in Consumer Reports quality survey
2014-10-27 20:48:03| Automakers - Topix.net
Toyota Motor Corp's namesake brand and its Lexus luxury brand finished one-and-two for the second year in a row in Consumer Reports' annual quality survey of the U.S. new-vehicle market, the influential magazine said on Monday. The four lowest-scoring brands were all from Fiat Chrysler Automobiles' Chrysler Group, as were five of the bottom seven.
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