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French investigators also found emissions irregularities

French investigators also found emissions irregularities

Following an injury over the diesels’ emissions levels, the French authorities found some data anomalies, as tests revealed big gaps between laboratory tests and real-world ones. The French regulators started last year to perform emissions tests on about 100 diesel cars sold in the country, evidently following Volkswagen’s disclosure of […]

Fiat Chrysler first quarter profit rises

Fiat Chrysler first quarter profit rises

Even if Fiat Chrysler’s worldwide sales stayed almost flat, the first quarter profit was boosted by strong demand for the high-margins SUVs. Fiat Chrysler reported this week a better-than-expected increase in its first-quarter operating profit, as the adjusted earnings before interest and taxes nearly doubled to 1.38 billion euros (1.56 […]

Fiat Chrysler frees cash from its US unit

Fiat Chrysler frees cash from its US unit

Fiat Chrysler said it eliminated covenants for two term loans of its US subsidiary and it now had full access to the unit’s cash flow. The world’s seventh-largest carmaker is on a turnaround path to the end of which Fiat Chrysler aims to double its profit and erase its operating […]