Daniel Ritort

Tag Archives: carmaker

Fiat to buy remaining stake in Chrysler

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.

Chrysler to list shares

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

700,000 visitors to Barcelona International Motor Show 2013

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.

European car sales rise after 1.5 years down

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

Tesla Motors makes first time profits

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 to produce Mini cars in India

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

An outsider comes into Toyota board for first time

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

Kia grows in European automobile market

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 doubles dividend due to record margins

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

US to sell its GM stake

The United States government has announced it is selling its remaining 26.5 percent stake in General Motors. The United States Treasury spent 49,500 million Dollars bailing out General Motors in 2008 and 2009. At that time, the United States and … Continue reading

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