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Fiat and Chrysler get in to bed together
Tue, 20 Jan 2009Before Christmas the CEO of Fiat was reported as saying that he believed that the current malaise in the car market (and any other market, for that matter) would result in the rationalisation of the industry, and see just a handful of big players come out the other side. His words now seem prescient, as it has been announced today that Fiat and Chrysler have effectively entered in to a partnership. Fiat takes a 35% stake in Chrysler The partnership, with Fiat taking 35% of Chrysler, means a number of benefits for both companies.
Sandy's toll: 15,000 cars and counting
Thu, 08 Nov 2012The damage tally from Superstorm Sandy continues to roll in. The latest estimate is that Toyota, Chrysler, Nissan and Honda plan to scrap 15,000 new cars damaged. The National Automotive Dealers Association says that number could grow to 200,000 cars.
Jaguar Land Rover: Tata to double annual investment to £1.5 billion
Wed, 22 Feb 2012Tata to double investment in JLR Tata Motors has revealed that it plans to double annual investment in Jaguar Land Rover (JLR) to £1.5 billion. Just last week we reported that Tata Motors’ profits in the last quarter had been driven very much by the resurgence at Jaguar Land Rover, with JLR profits soaring while Tata Motors domestic profits declined. And it looks like Tata are keen to keep that momentum going with the announcement that they are to double annual investment in Jaguar Land Rover to £1.5 billion.