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Fiat and Chrysler to completely merge?
Sun, 06 Feb 2011Chrysler Group and Fiat Group's auto division could become a single company based in the United States, Chrysler and Fiat CEO Sergio Marchionne told an industry conference here Friday. That won't happen until after Chrysler refinances the government loans that have kept if from being profitable and holds an initial public offering, both of which Marchionne hopes will happen this year. "From a corporate governance standpoint, there's a point where separate companies make no sense.
Dacia Lodgy
Thu, 05 Jan 2012Renault's budget brand, Dacia, is set to further its position as Europe's fastest growing automotive manufacturer with the introduction of the Lodgy. The five- or seven-seat MPV will be introduced at the forthcoming Geneva motorshow and promises to offer the brand's trademark qualities of value for money and robustness. Externally, there are visual links between the Lodgy and the products of its parent company, with the car sharing a similar silhouette to the Grand Scenic.
Mercedes-Benz buys naming rights to the Louisiana Superdome
Wed, 05 Oct 2011New Orleans' Louisiana Superdome, home at one time or another to Super Bowl champions and Hurricane Katrina refugees, is now home to a luxury-car brand. The arena was renamed the Mercedes-Benz Superdome this week after the carmaker acquired naming rights for 10 years. "The investment being made by a premier international brand who believes in 'the best or nothing,' is a tremendous compliment to all of those who worked so hard to make the stadium what it is today," said Tom Benson, owner of the NFL's New Orleans Saints.