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Crypto.com, a leading cryptocurrency platform, has further established its presence in Singapore’s highly regulated digital asset market with an enhanced partnership with DBS Bank, the largest bank in Southeast Asia in terms of assets. This latest development…
The automobile industry is changing dramatically for the first time in a century. Volkswagen has already announced that it is stopping all motorsports activities to focus on electrification efforts before this Honda also announced in September that it was…
Fiat Chrysler’s merger with Peugeot maker PSA will include a loyalty scheme to reward long-term investors and help prevent future takeover attempts, the prospectus for the planned tie-up shows. Italian-American carmaker Fiat Chrysler (FCA) and France’s PSA…
Peugeot maker PSA and Fiat Chrysler (FCA) have restructured the terms of their planned merger to conserve cash, and also stepped up the promised levels of cost-cutting during the pandemic. The two companies, which are set to merge into Stellantis, the world’s…
Italy has approved a decree offering state guarantees for a 6.3-billion euro ($7.1 billion) loan to Fiat Chrysler’s (FCA) Italian unit, the Treasury said on Wednesday, paving the way for the largest crisis loan to a European carmaker. The formal announcement…
Fiat Chrysler (FCA) plans to resume production of its Panda small car at its plant in Pomigliano, near Naples in southern Italy, on June 16, a union representative said on Wednesday. The restart, initially scheduled for June 8, had been postponed this month…
Automakers across the board are coming up with unique finance schemes to attract more consumers during these difficult times. If you’re one of those who looking at own any of the SUVs from the Jeep brand then Fiat Chrysler Automobiles (FCA) India has also…
The boards of automakers Fiat Chrysler Automobiles N.V. and Peugeot S.A said on Wednesday it would not pay an ordinary dividend for 2019 this year due to a collapse in consumer demand resulting from the COVID-19 pandemic. The health crisis has thrown the…
Fiat Chrysler Automobiles (FCA) plunged to a first-quarter loss of $1.8 billion and warned of a “significant” loss this quarter, even as it prepares to reopen its most profitable North American truck plants on May 18 as coronavirus lockdowns ease. The…
Honda Motor Co and Fiat Chrysler Automobiles NV said on Monday they hope to restart U.S. and Canadian auto production in May amid the ongoing coronavirus pandemic. The Japanese automaker halted production on March 23 and said it will extend the halt through…
Fiat Chrysler Automobiles (FCA) has begun producing ventilator parts to help Italy’s Siare Engineering boost its output of the medical equipment needed to treat patients during the coronavirus crisis, the carmaker said on Friday. Carmakers around the world…
Fiat Chrysler Chief Executive Mike Manley told employees that the carmaker would help with the production of masks during the coronavirus emergency, a union representative said on Monday. Mask production would add to an ongoing effort by Fiat Chrysler (FCA)…
Fiat Chrysler Automobiles and Peugeot S.A. have today signed a binding Combination Agreement providing for a 50/50 merger of their businesses. This merger creates the 4th largest global automotive OEM by volume and 3rd largest by revenue. The proposed…
Fiat Chrysler (FCA) said on Thursday talks with Peugeot owner PSA Group to create a $50 billion carmaking group were going well, despite FCA being sued for “substantial damages” by General Motors late on Wednesday. General Motors (GM) filed the lawsuit in the…
Fiat Chrysler and Peugeot owner PSA’s pledge not to close factories if they merge is likely to come under heavy strain as the combined group would have spare production capacity of almost six million vehicles in a slowing autos market. The companies last week…
Fiat Chrysler and Groupe PSA, the maker of Peugeot and Citroen cars, moved a step closer Wednesday to create a new global auto giant as the industry battles ever fiercer competition and the costly shift from traditional to electric cars. A source familiar…
