Proxy adviser Glass Lewis has recommended that Fiat investors vote in favor of a merger of the Italian carmaker and its U.S. unit Chrysler at a meeting on Aug. 1, saying its benefits outweighed concerns over a potential increase in voting power for its main shareholder Exor.
Great cars have always been a good investment, very often a much better investment than real estate or stocks.
In a new report (Transportation Forecast: Global Fuel Consumption), Navigant Research forecasts total road transportation energy consumption will grow from 81.1 quadrillion Btu in 2014 to 101.7 quadrillion Btu in 2035—an increase of 25.4%.
This past weekend, Fiat has unveiled a surfing and skate world inspired 500L Vans concept at the Vans US Open of Surfing in Huntington Beach, California.
By YURI KAGEYAMA
Nissan reported Monday a better-than-expected net profit of 112 billion yen ($1.1 billion) for the April-June first fiscal quarter, up from 82 billion yen a year earlier. Analysts surveyed by FactSet had forecast a quarterly profit of 85 billion yen ($835 million). Quarterly sales jumped 10 percent to 2.466 trillion yen ($24.2 billion).
