Outgoing Ferrari boss Luca Cordero di Montezemo will receive a combined severance package of €26.95 million ($34.78 million), with nearly half to be paid in a lump-sum by next February.
Category Archives: General Talk
Jeep launches Renegade into fast-growing subcompact SUV segment
Jeep will begin later this month its foray into the market for subcompact SUVs — the industry’s fastest-growing volume segment — when it starts sales of the Renegade, the first model born from the coupling of U.S. and Italian engineering at Fiat Chrysler Automobiles (FCA).
China fines Audi, Chrysler on monopoly charges
By JOE McDONALD
China on Thursday announced it will fine Audi $40.5 million and Chrysler $5.2 million in a sweeping anti-monopoly probe of the auto industry that has prompted complaints foreign businesses are being treated unfairly.
Fiat Chrysler CEO Sergio Marchionne sticks to 2014 guidance
By Danilo Masoni and Agnieszka Flak
Fiat Chrysler CEO Sergio Marchionne said on Thursday he saw no reason at present to review the carmaker’s 2014 financial guidance despite tough European and Latin American markets.
Toyota’s new compact concept is for urbanites in need of utility
By Antuan Goodwin
The Urban Utility concept is a compact car that’s big on space. Toyota It has the functionality of a compact truck, the spaciousness of a cargo van, and the size of a compact car. In a nutshell, that’s how Toyota describes the newly revealed Urban Utility concept. I’d describe it as a highly configurable box on wheels.
