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