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China: city of Shenzhen also imposes car sales gap

China: city of Shenzhen also imposes car sales gap

China’s southern city of Shenzhen recently announced it had decided to put a cap on new car deliveries, the latest municipality to join other major Chinese cities that enforce such bans to fight off pollution and congestion. The major metropolis that so far imposed restrictions on the amount of new […]

Fiat to keep 500 million euro merger limit

Fiat to keep 500 million euro merger limit

Fiat SpA has announced the company has no intentions of calling another shareholders’ meeting to axe, raise or modify the already set 500 million euro (397.50 million British pound) cap it established for stake owners that want to bail out. Fiat SpA and Chrysler Group LLC chief executive officer Sergio […]

After Ferrari, Maserati to also cap sales

After Ferrari, Maserati to also cap sales

Although the subsidiary of Italy’s Fiat SpA will not have the same smallish limit as the super car producer, the automaker wants to cap its worldwide sales to retain the exclusivity aura of the brand. Essentially a division of Ferrari, Maserati is adamant to Fiat Chrysler Automobiles’ plans to increase […]

Russian officials to become patriotic…again

Russian officials to become patriotic…again

Have you lately watched the political developments around Vladimir Putin’s moves for Russia? If you are still not convinced he was following the pages of the old – Soviet – Mother Russia textbook, here’s another hint. Moscow has decided to order its top officials to go back to the good […]