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Fiat Does Not Plan to Move Headquarters to the US

Fiat CEO Sergio Marchionne said that the company does not plan to move its headquarters to the US. "This issue, treated several times in the last year by the world's media, is not the order of the day as the Chief Executive of Fiat, Sergio Marchionne has recently reiterated," a Fiat spokesman said in a statement. Still, on April 29th, during a ...

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Italy Concerned About Fiat Moving Headquarters to the US

The idea of Fiat moving its headquarters to the US sparked concern among politicians and labor unions in Italy. Fiat was founded in 1899 in Turin, Italy, but now, as the ...

Fiat Says Further Plants Might Be Affected by Supplier Disruption

Fiat said that after the supply disruptions at the Maserati plant in Grugliasco and the production stoppages at the plants in Serbia and Spain, more facilities are now at risk. Fiat’s ...

Fiat Considers Moving Headquarters to the US After Chrysler Acquisition

According to anonymous sources Fiat plans to move its headquarters to the US once the merger with Chrysler would be complete. Currently, CEO Sergio Marchionne is evaluating the possibility of transferring ...

Fiat’s Production in Europe Delayed Due to Problems With Parts Supplier

Fiat’s vehicle production in Europe faces delays after supplier Selmat Automotive stopped the delivery of plastic components used in the Iveco trucks, 500 subcompacts and Maserati sedans. Iveco’s plant in Spain ...

Fiat to Invest $7 Billion in Brazil

Fiat plans to invest $7 billion by 2016 in Brazil, according to CEO Sergio Marchionne. Brazil is Fiat’s second largest market after Italy and CEO Dan Akerson has already informed Brazilian ...

Fiat First Quarter Profit Down 23%

Fiat reported first quarter profit down 23% as auto market continued to drop in Europe and earnings were pulled down by new models in the US. Fiat’s EBIT fell to 618 ...

See the Fiat 500XL

The very first image with the newest Fiat 500-based vehicle, the 500XL, has recently ended up on the web, revealing its exterior design. The Fiat 500XL is based on the regular ...

Fiat 500XL spied inside the factory

The Fiat 500XL has been recently spied inside the factory, where the model can be seen with absolutely no camouflage on its body. The Fiat 500XL will probably be one of ...

Fiat Might Leave Italy for the New York Stock Exchange

Fiat might leave its heritage further behind as anonymous sources say it plans to choose New York as its primary exchange for the company’s stock. Sources said that CEO Sergio Marchionne ...

Luxury Automakers Plan to Assemble Vehicles in India to Avoid Import Tax

Luxury automakers try to boost sales in India by assembling the vehicles in this country. As automakers have to pay a ...

Luxury Auto Market Growth in China Down 8.34% in the First Quarter

During the first quarter, premium-car market in China has dropped to 8.34%, representing a decline of 80% compared with the ...

Thieves Stole an Audi RS4 Quattro Avant from Bury St Edmunds Audi Dealership

High-tech thieves managed to steal a grey Audi RS4 Quattro Avant estate two days ago, even if the car was ...

Tata Delays Plans of Building Plant in Thailand

As Tata tries to deal with a drop in demand it has decided to postpone the development of the new ...

Audi Surpassed BMW in India Luxury Auto Sales

Audi managed to surpass BMW and become the largest seller of luxury vehicles in India. Over the past years the luxury ...

GM Stock Surpasses 2010 IPO Price

Today, May 17th, GM’s shares surpassed the offering price from the 2010 IPO, which means that the US Treasury will ...

PSA Workers at Aulnay Plant End Four-Month Strike

Peugeot’s workers at the Aulnay plant accepted to end the 4-month strike held for the plant’s closure. The workers will end ...

Jaguar Plans to Upgrade Its Dealerships in the US

Jaguar plans to refurbish its dealerships in the US as it prepares for a wave of new products. The automaker with ...

VW April Sales Up 7%

VW reported sales up 7% to 784,600 vehicles in April, after a drop of 0.2% in March. "Nevertheless, the market environment ...

Volvo April Truck Sales Down 2%

Volvo sales dropped 2% to 16,572 vehicles in April, compared with the same month last year. Sales in Europe dropped 7% ...

Tesla Plans to Repay Energy Department Loan

Tesla plans to raise $1.08 billion to build cash reserves and repay the loan offered by the Energy Department. CEO Elon ...

Michelin Comes With New Agreement for Its French Plants

Michelin plans to implement new rules at its facilities in France, aimed at adjusting capacity and avoiding lay offs, as ...

George Michael Involved in Car Crash in England

Thursday night, May 16th, George Michael was injured in a car crash which took place on the M1 motorway at ...

Sale of the Nurburgring Race Track Began This Week

The bidding for the Nurburgring race track started this week, and the final price is expected to reach about £100 ...

Fiat Does Not Plan to Move Headquarters to the US

Fiat CEO Sergio Marchionne said that the company does not plan to move its headquarters to the US. "This issue, treated ...

Ferrari joins Lotus in tyre tweak criticism

May 17 (GMM/Inautonews.com) Ferrari has joined Lotus in criticising Pirelli's mid-season tyre tweak. Following early-season criticism, culminating in the furore ...