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.
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.
Nissan is recalling more than 238,000 Altima midsize cars worldwide because a secondary latch can fail and allow the hoods to fly open while the cars are in motion.
New-car sales in Russia continued their freefall in September with a drop of 20 percent, following a 26 percent fall in the previous month, the Association of European Businesses (AEB) lobby group said in a statement.
By Bob Sullivan, Credit.com
Jennifer’s husband walked out to the parking lot at 1 a.m. three months ago after another long night running the casino floor at a restaurant near Phoenix. He had no way to get home. The couple’s 2006 Ford Focus was gone.
