“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
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
Ann Arbor’s Mcity test track includes four traffic lights, an underpass, metal bridge deck, gravel roadways and parking spaces that are angled, perpendicular and parallel. Efforts are under way to open a similar but larger facility nearby in Ypsilanti....More
The Korean automaker says its European operation sold 200,038 vehicles in the January-June period, up 7.6% from year-ago. Second-quarter deliveries topped 100,000 for the first time in any 3-month period, with 103,946 vehicles sold....More