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
The car’s development reportedly has been sped up under the project codenamed X3C. Mules seen undergoing testing around the FCA plant in Belo Horizonte suggest the new model will make do with the platform from the first-generation Panda....More
It’s unclear whether the two officials were taking advantage of the drop in share price since Fiat Chrysler Automobiles unveiled its 5-year strategy on Tuesday or if it was an attempt to prop up the stock’s value....More
The prevailing view that automated systems first will be used in Europe and North America is being challenged by Chinese interest in what Magna International executive Frank O’Brien calls the digital lifestyle....More
The local industry recognizes there’s still work to be done to improve quality and upgrade technology – huge tasks, in fact. But government officials and company insiders say it’s time to prepare for a bigger play around the world....More
Model-year changeovers in the truck business these days bring with them more updates than in the recent past. Competitive pressures are too intense to let a product go untouched, GM marketers say....More