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Sergio Marchionne becomes Ferrari’s CEO

Sergio Marchionne becomes Ferrari’s CEO

The Italian supercar maker said it hit better than expected first quarter results, while it also announced it has named Sergio Marchionne as the company’s new CEO. Sergio Marchionne’s appointment comes after the former chief executive Amedeo Felisa decided to retire after it spent 26 years at Ferrari. Therefore, Marchionne […]

Large diesels stay banned in New Delhi

Large diesels stay banned in New Delhi

The Indian Supreme Court extended once again the ban of new large diesel vehicles from registration in New Delhi. As India’s cities are topping the worldwide pollution charts, with its capital being right on the first spot, the nation’s Supreme Court has imposed in December 2015 a temporarily ban on […]

Qatar seeks more involvement in Volkswagen

Qatar seeks more involvement in Volkswagen

The third largest shareholder of Volkswagen plans to come out of the shadows, as it asked the automaker for a seat in the executive committee. The state of Qatar is the third largest investor shareholder in Volkswagen, having a 17 percent stake of automaker’s stocks through a holding fund, following […]

Wider emissions recalls should be issued, German minister says

Wider emissions recalls should be issued, German minister says

Not only German automakers should agree on voluntary diesel recalls, but foreign makers as well, transport minister said to a local paper. Following additional extensive tests made by the German Federal Motor Transport Authority (KBA) to foreign and domestic carmakers, some of the biggest local ones have recently agreed to […]

Ford hits best quarterly profit result ever

Ford hits best quarterly profit result ever

Ford reported this week that its net income doubled for the first quarter compared with a year ago, thanks to an all-time profit record in North America. Strong sales for the high-demanded SUV and truck models in the United States pushed Ford’s quarterly earnings to a best ever result. Automaker’s […]

Ford to invest $1.6 billion in two US plants

Ford to invest $1.6 billion in two US plants

The automaker said it would invest 1.6 billion dollars to upgrade two of its manufacturing facilities in Michigan and Ohio. From the announced 1.6-billion-dollar investment, 1.4 billion dollars will go into the Livonia Transmission Plant and 200 million dollars to the Ohio Assembly Plant. Furthermore, Ford said these moves would […]

PSA posts first-quarter revenue and sales drop

PSA posts first-quarter revenue and sales drop

Peugeot-Citroen Group’s first quarter revenue fell 1.4 percent because of “unfavorable” exchange rates, while sales decreased 1.7 percent. PSA Group’s quarterly revenue reached 12.998 billion euros (14.7 billion dollars), down from 13.185 billion a year ago, pushed back because of negative currency effects. If such unfavorable conditions had not had […]

US regulators force Mitsubishi to perform new tests

US regulators force Mitsubishi to perform new tests

Following the mileage manipulation disclosures, the US regulators have ordered Mitsubishi to retest all its vehicles sold in the region. Mitsubishi has said that other models sold outside Japans may have higher fuel figures than the officially reported ones, thus triggering red flags in the United States. And after Volkswagen’s […]