Tag Archives: carmaker
The Italian carmaker Fiat has announced it has reached an agreement to buy the remaining 41% of Chrysler it does not own. Shares in Italian car giant Fiat have jumped more than 15% today, after the announcement was made late yesterday.
United States carmaker Chrysler has filed papers for an initial public offering as its two biggest stakeholders continue to disagree on the terms of a merger. Majority owner Fiat wants to acquire the 41.5% stake of Chrysler currently held by … Continue reading
In difficult times for the automobile industry, the Barcelona International Motor Show continues to survive. The organizers expected 700,000 visitors in eleven days at the Montjuïc trade fair and managed to achieve their goal.
New car sales across Europe rose in April for the first time in 18 months, helped by strong demand in the United Kingdom and by the early Easter break. ACEA, the industry association, said registrations rose 1.8% to 1.08 million … Continue reading
The electric car maker, Tesla, has made the first profit in its 10-year history. The company said it made $15m in the first three months of the year, thanks to sales of its Model S electric sedan. Total revenues hit … Continue reading
BMW is to begin making the Mini in India, in a move that suggests confidence in the country’s emerging car market. The German carmaker said Mini Countryman models would be rolling off the production line at its plant in the … Continue reading
Toyota has appointed Mark Hogan, a former executive at rival General Motors, to its board of directors. Hogan, a United States national, is being brought in to help Toyota become more responsive to regional markets. Mark Hogan is the first … Continue reading
Growing in a shrinking market is always difficult, especially without offering major discounts. Yet that is exactly what the South Korean carmaker Kia is doing in Europe, at a time when a economic storm is sweeping the continent. Paul Philpott, … Continue reading
Ford, the second-largest United States carmaker, doubled its quarterly dividend to 10 cents a share. Analysts pointed out that this move will boost the annual payout to the Ford family to more than 28 million Dollars. Ford said the first-quarter … Continue reading