Fiat Chrysler Automobile’s share sale will carry a discount of 4 percent after the stock plunged the most on Wednesday since the merged carmaker’s October debut on the New York Stock Exchange.
Daily Archives: December 12, 2014
Fiat Chrysler says no plan to move Ferrari’s tax base outside Italy
By Agnieszka Flak
Fiat Chrysler Automobiles (FCA) has denied a media report saying it was considering a move in the tax residence of its Ferrari luxury sportscar unit outside Italy.
Mahindra nears deal to buy Saab maker, report says
India’s Mahindra & Mahindra is close to sealing a deal to buy National Electric Vehicle Sweden (NEVS), the investment group that bought the assets of Saab Automobile two years ago, the Financial Times reported.
China November auto sales climb 2.3%
Auto sales in China, the world’s biggest car market, expanded 2.3 percent year-on-year in November, an industry group said Wednesday, the slowest for any month this year.
to capture global luxury sales crown, Mercedes must boost China volume
Daimler’s Mercedes-Benz brand needs to catch up with German rivals BMW brand and Audi in China to meet its goal of becoming the world’s largest maker of luxury cars by 2020, the carmaker’s China chief, Hubertus Troska (photo above), said.
