“This is the greatest day ever!” declares Thomas Semaan, whose ’80 Chevrolet Corvette Stingray fueled up for a mere $8.60 instead of the $38 he would have paid for the same amount in today’s dollars....More
In honor of National Collector Car Appreciation Day, Hagerty Classic Cars, which insures about 900,000 lovingly restored autos nationwide, celebrated by offering owners (many of them customers) up to 10 gallons (37.8 L) of fuel at a deep, deep discount.
The probe relates to transfer pricing, in which multinationals shift global profits to subsidiaries in low-tax jurisdictions. The practice in itself is not illegal, but the EC suspects Luxembourg gave Fiat special treatment in calculating its 2012 taxes....More
Sevel Sur is considered one of the industry’s most profitable JVs, but the Fiat-PSA Peugeot Citroen collaboration faces stepped-up competition from automakers including Opel, Mercedes, Renault and Volkswagen....More