Audi has knocked down speculation about a possible Formula One entry in 2016 after recruiting former Ferrari team principal Stefano Domenicali to an unspecified role.
Category Archives: General Talk
Patrick Koller, Faurecia seating chief, promoted to COO
French supplier Faurecia named a new second-in-command to CEO Yann Delabriere, one of a number of senior appointments announced by the company.
Marchionne gains $13 million with stock sale after Ferrari deal
Fiat Chrysler Automobiles CEO Sergio Marchionne made about €10.7 million ($13.4 million) from a surge in the automaker’s share price after he announced a plan to spin off Ferrari.
Marchionne exercised options for 6.25 million Fiat Chrysler shares on Oct. 30 and sold that amount of shares by Oct. 31. He did the same for an equal amount of stock in CNH Industrial NV, the truck and tractor maker that was previously part of the Fiat group.
Chrysler Q3 profits climb 32 pct. on rising sales
Chrysler Group LLC’s third-quarter net profit rose 32 percent as worldwide sales continued to climb, helping the U.S. company prop up its ailing parent. Chrysler made $611 million in the July-through-September quarter, compared with $464 million a year ago. Revenue rose nearly 18 percent to $20.7 billion.
Mercedes G-Code concept previews Audi Q1 rival, reports say
The Mercedes-Benz G-Code concept could preview the look of a rival to Audi’s Q1, media reports said.
