Newswire

  • Newswire

    Fiat Chrysler CEO says no news on approach to GM but consolidation good  

    TURIN, July 3 (Reuters) - Consolidation continues to be necessary in the auto industry but there is nothing new to report on Fiat Chrysler's desire for a tie-up with General Motors, FCA CEO Sergio Marchionne said on Friday. "The (need for) consolidation remains valid, no one has questioned its economic rational," Marchionne said, speaking on the sidelines of the launch of a re-styled version of its popular Fiat 500 hatchback. Marchionne approached his counterpart at GM, Mary Barra, with a merger proposal earlier this year but was rebuffed....More
  • Newswire

    Ferrari listing to value group at at least 10 bln euros-CEO  

    TURIN, July 3 (Reuters) - The listing of Ferrari may value the sports car unit at at least 10 billion euros, Fiat Chrysler's (FCA) Chief Executive Sergio Marchionne said on Friday. The carmaker decided last year to spin off Ferrari, sell a 10 percent stake via a public offering and distribute the rest of FCA's stake in the luxury sports car brand to its shareholders as it seeks to unlock value at both FCA and Ferrari....More
  • Newswire

    Rhodium slides to its lowest in more than a decade  

    * Rhodium prices slip to lowest since 2004 at $790/oz * Perception of plentiful supply hurts platinum metals LONDON, July 3 (Reuters) - Rhodium prices slid to their lowest level in more than a decade on Friday, suffering along with other platinum group metals from perceptions that the metal, widely used in the car industry, is in plentiful supply. Rhodium <RHOD-LON> fell to $790 an ounce on Friday, its weakest since March 2004, extending three months of declines....More
  • Newswire

    FEATURE-Roll over Volvo, classic Americana rolls into Sweden  

    By Alistair Scrutton VASTERAS, Sweden, July 3 (Reuters) - Thousands of classic American cars from Mustangs to Corvettes and Cadillacs have rolled into a lakeside town in Sweden for three days of bumper-to-bumper cruising, rockabilly nostalgia and some serious beer drinking. Touted as the world's biggest American vintage car show - some 20,000 cars are expected over three days - it highlights Sweden's unusual love affair with post-War American cars, rock and roll and cultural rebellion - known here as "Raggare"....More
  • Newswire

    UPDATE 1-Czech car registrations jump, on track for full-year record  

    (Adds association secretary's comments) PRAGUE, July 3 (Reuters) - Czech new passenger car registrations could top 200,000 this year for the first time after they jumped 20.4 percent year-on-year in the six months ended June, the country's car importers' association said on Friday. Registrations reached 113,261 in the first six months of the year as the central European country's economic growth accelerated....More
  • Newswire

    Poland, Slovakia vie for $1.9 bln Indian car plant - Polish deputy PM  

    WARSAW, July 3 (Reuters) - Poland is competing with Slovakia to host a new $1.9 billion car plant to be created by an Indian automaker, Polish Deputy Prime Minister Janusz Piechocinski said on Friday. "The investor wants to start production in 2019," Piechocinski said. "This will be 350,000 cars per year, the investment is worth 7 billion zlotys ($1.9 billion)." Piechocinski declined to say if the Indian producer was Tata Motors, which Polish media said was considering building a car plant in Poland....More
  • Newswire

    Poland's June new car sales up 18.7 pct yr/yr  

    * Sales rise y/y for third consecutive month * Year-to-date sales up 2.8 pct WARSAW, July 3 (Reuters) - Poland's June new passenger car and small truck sales rose by 18.7 percent year on year, up from a 12 percent increase in May, industry monitor Samar said on Friday. The top sellers in Poland are Volkswagen and its subsidiary Skoda, along with Toyota, General Motors' Opel unit and Ford. (Reporting by Marcin Goettig; editing by Jason Neely)...More
  • Newswire

    RPT-NASCAR cools on Confederate flag, but fans still fly it  

    (Repeats Thursday story with no changes to text) By Barbara Liston DAYTONA BEACH, Fla., July 2 (Reuters) - NASCAR wants to limit the Confederate battle flag's presence at its tracks after the murder of nine black worshippers in South Carolina, but getting U.S. motor racing fans to comply may prove difficult....More
  • Newswire

    BRIEF-Twintec completes capital increase  

    July 3 (Reuters) - Twintec AG : * Successfully completes its capital increase * Share capital of the company amounts to 35,516,250 euros ($39.45 million)divided now into as many shares * Gross proceeds of the capital increase to strengthen the equity base and is therefore available for further growth Source text for Eikon: Further company coverage: ($1 = 0.9003 euros) (Gdynia Newsroom)...More
  • Newswire

    BRIEF-Sanlux's shares to halt trading from July 6 pending announcement  

    July 3 (Reuters) - Sanlux Co Ltd * Says shares to halt trading from July 6 pending announcement Source text in Chinese: http://bit.ly/1GTweQg Further company coverage: (Reporting by Hong Kong newsrooms)...More
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