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Fiat Chrysler shareholders approve Ferrari spinoff
2015-12-03 21:34:49| Automakers - Topix.net
Fiat Chrysler Automobiles investors today approved the spinoff of its supercar unit Ferrari -- part of CEO Sergio Marchionne's plan to raise cash and reduce debt at the group. Shareholders voted about 98 percent in favor of the separation, in which Fiat Chrysler will distribute the remaining 80 percent stake in Ferrari to its own investors starting early next year.
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Fiat Chrysler shareholders approve de-merger of Ferrari from group
2015-12-03 14:20:03| Automakers - Topix.net
FCA sold 10 percent of Ferrari in an initial public offering in October and will distribute its remaining 80 percent in the maker of supercars such as the 1 million-euro LaFerrari to FCA shareholders once the unit is spun off at the start of January.
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Fiat Chrysler sales up in what could be a record November
2015-12-01 15:22:33| Auto Dealers - Topix.net
Fiat Chrysler's sales rose 3 percent last month in what could be a record November for U.S. auto sales. Jeep sales jumped 20 percent for the month, making up for lower sales for FCA's Dodge, Chrysler and Fiat brands.
Tags: november
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Fiat Chrysler sees November U.S. auto industry sales up substantially
2015-12-01 15:22:32| Auto Dealers - Topix.net
U.S. auto industry sales will rise above 18 million vehicles on an annualized basis for November, continuing a pace for a record sales year in 2015, Fiat Chrysler Automobiles ( Fiat Chrysler stretched its streak of consecutive months of year-over-year sales gains, reporting a 3 percent rise in November, based on the strength of its SUV brand Jeep, which jumped 20 percent, the company said. Reid Bigland, head of U.S. sales for Fiat Chrysler, cited low interest rates, cheaper gasoline and higher employment as reasons for the strong showing of the company and the industry in November.
Tags: november
auto
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industry
Fiat Chrysler auto sales up 3 per cent; industry may hit November US sales record
2015-12-01 15:22:31| Auto Dealers - Topix.net
Fiat Chrysler's sales rose 3 per cent last month in what could be a record November for U.S. auto sales. Jeep sales jumped 20 per cent for the month, making up for lower sales for FCA's Dodge, Chrysler and Fiat brands.
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