Fiat’s board authorized the carmaker to raise as much as $5.4 billion (€4 billion) by issuing new bonds, giving the company flexibility to refinance debt as it implements its merger with Chrysler.
Category Archives: General Talk
Enova pledges $259M for Hydro’s pilot aluminium plant in Norway
The Norwegian Ministry of Petroleum and Energy’s energy enterprise, Enova SF, has pledged NOK 1.55 billion (US$259 million) in investment backing for Hydro’s full scale next-generation electrolysis pilot project at Karmøy, on the west coast of Norway. This contribution is subject to approval by the European Free Trade Association’s (EFTA) surveillance authority ESA.
Suzuki chairman unclear when court will rule on VW dispute
Suzuki Chairman Osamu Suzuki said it was unclear when an international arbitration court will rule on its 2-1/2 year dispute with Volkswagen Group over their failed partnership.
Fiat Chrysler will achieve 2014 targets despite weak Europe, difficult Brazil
Fiat Chrysler Automobiles will meet its 2014 targets even though the Brazilian car market is set to remain difficult and Europe is showing no sign of improvement, CEO Sergio Marchionne said.
VW Group May sales up 6% on Europe rebound, China demand
Volkswagen Group deliveries rose 6 percent to 864,600 vehicles last month as rebounding demand in Europe and strong sales in China helped offset declines in the United States and South America.
