The Agnelli family has tightened its grip on Fiat by securing higher voting rights after the carmaker’s merger into Fiat Chrysler Automobiles (FCA), a statement from the Italian bourse shows.
The move by the Agnellis’ holding company, Exor, to boost its voting power at FCA to nearly 50 percent could make Fiat Chrysler less of a takeover target and reduce its options for strategic tie-ups.
Hot on the heels of of EC wide cross border tracing of cars involved in motoring offences, the government has announced a crackdown on cars that have been in the UK too long on foreign plates.
BMW Group’s core brand outsold rivals Audi and Mercedes-Benz in September thanks to strong demand in Europe, but the gap between the three luxury car brands has narrowed this year in a fierce sales race.
BMW said that sales of its namesake brand rose 6 percent last month to 167,584, beating its two competitors. Audi sales rose 6 percent to 159,950 in the same period, while Mercedes’ brand jumped 14 percent to 162,746.
By Matthew DeBord
Morgan Stanley lead auto analyst Adam Jonas isn’t holding back in his assessment of the risks that Ford is taking on by revamping its best-selling F-150 pickup truck.
Sales of Chevrolet’s Spark (and Beat) have passed the 1-million mark worldwide. The Spark first went on sale as the Beat in India in late 2009.
