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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.
UK car production slumps, state help sought
Fri, 21 Nov 2008By Digby Fullam Motor Industry 21 November 2008 14:30 The full effect of the downturn in the global economy is being felt by the UK motor industry, new figures out today reveal. Car production at British factories fell by 29.5% from October 2007's figure. That makes it the worst October production figures since 1991 which, if you’ll cast your mind back, was the last recession. The Society of Motor Manufacturers and Traders blamed the slump on 'a rapid reduction in demand for motor vehicles.' It’s not just us Brits that aren’t buying cars, either.
Toyota FT-EV concept unveiled at Detroit auto show 2009
Sat, 10 Jan 2009By Ben Pulman Motor Shows 10 January 2009 20:00 This is Toyota’s new FT-EV concept, the first of three eco-friendly cars being unveiled at the Detroit motor show over the next few days, the other two being the all-new third-generation Prius and the hybrid-only Lexus HS250h. The FT-EV is Toyota’s way of confirming that it will build a battery-electric vehicle (BEV) in 2012, but it’s also using the concept to promote its other environmentally friendly vehicles. The FT-EV concept is built on the iQ’s platform, and designed for commuters with daily journeys of less than 50 miles.