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Giulio Piovaccari

Italy to introduce subsidies to combustion engine cars to help industry: lawmakers

03 Jul 2020

MILAN/ROME The Italian Parliament gave the green light on Friday to a package of incentives to encourage sales of state-of-the-art combustion engine cars as well as electric and hybrid vehicles, two lawmakers told Reuters.

Fiat, PSA stick to merger deal after dividend cut report

03 Jul 2020

MILAN Fiat Chrysler (FCA) and PSA said on Friday they were sticking to the merger plan signed last year after a newspaper said the carmakers were looking at spinning off assets to cut a planned 5.5 billion euro (4.96 billion pounds) cash payout to FCA shareholders.

Vans, not glamorous, but key as EU weighs autos mega-merger

18 Jun 2020

MILAN/PARIS Their silhouettes don't stir dreams of adventure like a sports car or trendy SUV, but vans are a rare source of profit for European carmakers, which is why EU regulators are focused on them as they decide whether to back an industry mega-merger.

Fiat, PSA face EU antitrust probe over $50 billion merger - sources

11 Jun 2020

BRUSSELS/MILAN Fiat Chrysler and Peugeot maker PSA face a lengthy EU antitrust investigation after declining to offer concessions to allay EU antitrust concerns about their planned $50 billion (39.21 billion pounds) merger, people familiar with the matter said on Wednesday. | Video

FCA-PSA deal terms 'set in stone' for 50-50 merger

20 May 2020

MILAN Terms of a planned merger between Fiat Chrysler and Peugeot-owner PSA are set in stone, FCA's chairman said on Wednesday, brushing off talk that some aspects of the deal might be re-negotiated because of the COVID-19 crisis.

'A beautiful day' in Italy, as shops and bars finally reopen

19 May 2020

ROME Italian shops, hairdressers and restaurants finally threw open their doors on Monday as the country sped up efforts to bounce back from the coronavirus crisis after a 10-week lockdown. | Video

Fiat Chrysler's loan request raises doubts about 5.5 euro billion dividend

19 May 2020

ROME/MILAN Italy could look into Fiat Chrysler's planned 5.5 billion euro (4.8 billion pounds) payout as part of its merger with Peugeot after the Italian-American carmaker asked for a 6.3 billion euro state-backed loan, a senior government source said.

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