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Fiat might increase Chrysler stake to 51 percent before IPO, sees no merger
Tue, 04 Jan 2011Fiat SpA, the Italian carmaker that owns 20 percent of Chrysler Group LLC, may boost the holding to more than 50 percent before an initial public offering by the U.S. automaker, the companies' chief executive officer said. “I think it is possible.
IAM Launches Assessment To Help Older Drivers
Thu, 26 Jun 2014THE Institute of Advanced Motorists (IAM) is launching its Mature Driver’s Assessment – a way for older drivers to gain a trusted second opinion on their driving - and is available for motorists aged over 70. It consists of a 60 minute driving assessment, including advice on what action to take after the assessment. With the IAM keen to stress that the evaluation is not a formal test, the 60-minute drive with an IAM-approved assessor allows candidates to drive in their own vehicle taking routes that they are familiar with.
Tesla loses $38 million in third quarter
Wed, 06 Nov 2013Tesla Motors, Inc. posted a net loss of $38 million on $431 million in revenue during the third quarter -- a steeper loss on slightly higher revenue than in the second quarter. In the third quarter of 2012, when Tesla was just starting production of the Model S, the automaker lost $111 million on $50 million in revenue.