
Fiat Chrysler Automobiles CEO Sergio Marchionne’s new five-year plan for the automaker won’t start rewarding shareholders until 2017 at the earliest. Some wonder if there will ever be a payout.

Fiat Chrysler Automobiles CEO Sergio Marchionne’s new five-year plan for the automaker won’t start rewarding shareholders until 2017 at the earliest. Some wonder if there will ever be a payout.

Fiat Chrysler executives did something highly unusual Tuesday: They revealed to analysts and media key pillars of the company’s product plans, financial goals and sales targets for the next five years.
Car enthusiasts gathered to celebrate more than a century of motoring at the annual Concours D’Elegance car show in Beverly Hills, Californina. (May 7)

German supplier Schaeffler said it had refinanced around €3.5 billion ($4.9 billion) worth of debt, including new bond issues of around €2 billion, as borrowing costs approach record lows in Europe.

California based Rezvani Motors has unveiled the Beast – a new lightweight, high-performance sports car based on the Ariel Atom.