United Kingdom

Giulio Piovaccari

Exor expects $13 billion for careful acquisitions after PartnerRe sale

10 Feb 2020

MILAN Investment group Exor will have around $13 billion in cash provided it closes a deal to sell its reinsurance unit PartnerRe and it would spend most of that on acquisitions, a source close to the matter told Reuters.

CNH Industrial warns on profit as farmers in Americas cut spending

07 Feb 2020

MILAN Italian-American machinery maker CNH Industrial cut its 2020 earnings forecast on Friday, blaming a weakening in demand from farmers in Northern and Southern America, sending its shares as much as 5.2% lower.

UPDATE 3-Fiat Chrysler profit rises, outlook 'firm' ahead of Peugeot merger

06 Feb 2020

MILAN/DETROIT, Feb 6 Fiat Chrysler posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it headed into a merger with France's PSA .

Ferrari tempers 2020 expectations with cautious upgrade

04 Feb 2020

MILAN Demand for Ferrari's Portofino and 812 Superfast models helped the Italian supercar maker hit last year's profit targets though it only provided a cautious upgrade to its outlook for 2020.

Fiat Chrysler unions received assurances on jobs, investment after merger

20 Dec 2019

TURIN, Italy Unions at carmaker Fiat Chrysler said management had given assurances at a meeting on Friday on jobs and a 5 billion euro ($5.54 billion) investment plan in Italy following the group's planned merger with French rival PSA .

Long road ahead as Fiat Chrysler, Peugeot agree to $50 billion merger

19 Dec 2019

PARIS/MILAN Fiat Chrysler and Peugeot maker PSA face the challenge of winning over regulators and delivering on a pledge to slash costs without closing factories after sealing a binding deal to create the world's fourth biggest carmaker. | Video

French designs on dominance of Peugeot-Fiat rest on Tavares

19 Dec 2019

PARIS/MILAN Billed as a merger of equals, PSA's $50 billion tie-up with Fiat Chrysler (FCA) gives the Peugeot owner one potentially big advantage, its own boss will be firmly behind the new wheel.

Fiat Chrysler und Peugeot einigen sich auf Fusion

18 Dec 2019

Paris/Mailand Die kriselnden Autokonzerne Peugeot und Fiat Chrysler haben ihren 50 Milliarden Dollar schweren Zusammenschluss besiegelt.

Fiat Chrysler, Peugeot owner PSA agree binding merger deal

18 Dec 2019

PARIS/MILAN, Dec 18 Fiat Chrysler and Peugeot maker PSA said on Wednesday they had agreed on a binding merger agreement, in a $50 billion deal that will pave the way to the creation of the world's fourth-largest carmaker.

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