The pool of Ward’s 10 Best Engines nominees consists of the 2014 winners plus every new or significantly improved powertrain that is priced below $60,000 and is available in U.S. showrooms during the first quarter of 2015. Eight WardsAuto editors based in Southfield, MI, drive the vehicles in October and November.
Without solid backing on Wall Street, FCA may have trouble securing favorable credit for the estimated €50 billion needed to reach aggressive volume targets set last May for the Chrysler, Jeep and Alfa Romeo brands....More
“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
Domestic sales fell after the national consumption tax was increased April 1, but the decline was offset by brisk demand in North America and the effects of the weaker yen against the dollar, among other pluses....More
Dennis Williams does not seem convinced complete wage parity will occur, as he talks about “bridging” the gap between the two levels and stresses that the automakers must continue to be successful....More