Edition:
United Kingdom

Giulio Piovaccari

Top FCA, PSA investors tighten grip as merger approaches

20 Nov 2020

MILAN/LONDON Top shareholders in merging carmakers Fiat Chrysler (FCA) and Peugeot maker PSA have moved to tighten their grip on the combined business and head off any potential hostile bidders.

UPDATE 2-CNH Industrial to begin testing electric truck with Nikola

05 Nov 2020

MILAN, Nov 5 CNH Industrial said its joint venture with U.S. Nikola would begin testing an electric truck this quarter, as the Italian firm notched up forecast beating results and raised earnings guidance on Thursday.

High-power cars drive Ferrari earnings to top of guidance

03 Nov 2020

MILAN Luxury automaker Ferrari expects 2020 earnings at the top of its previous guidance range after beating forecasts in the third quarter and as key new models such as the 430,000 (387,414.2 pounds) hybrid SF90 Stradale start to reach customers. | Video

Fiat, PSA to win EU approval for $38 billion merger, sources say

28 Oct 2020

BRUSSELS/MILAN Fiat Chrysler and PSA are set to win EU approval for their $38 billion merger to create the world's No.4 carmaker, people close to the matter said, as they strive to meet the industry's dual challenges of funding cleaner vehicles and the global pandemic. | Video

Profitable pickup trucks, Jeeps drive FCA back into black

28 Oct 2020

MILAN/LONDON U.S. sales of high-margin pickup trucks and Jeeps hauled Fiat Chrysler back into the black in the third quarter following pandemic-related shutdowns, and the carmaker on Wednesday reinstated a profit forecast for 2020 that assumes no more disruption from a freshly resurgent COVID-19 outbreak.

PSA offers to boost Toyota to win EU okay for Fiat deal - sources

25 Sep 2020

BRUSSELS/MILAN Peugeot maker PSA has offered to boost Japanese rival Toyota to try to address EU antitrust concerns about its plan to create the world's fourth-biggest carmaker with Fiat Chrysler (FCA), people familiar with the matter said on Friday.

Maserati aims to be 'crown jewel' of FCA-PSA merger with new super car

10 Sep 2020

MILAN After more than a year on the skids, Maserati has taken the wraps off a new high performance sports car which parent Fiat Chrysler hopes will help turn the brand into the "crown jewel" of its merger with France's Peugeot .

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