Category Archives: Useful Information

To sell Fiat luxury shift, Marchionne seeks labor peace in Italy

Fiat Chrysler Automobiles CEO Sergio Marchionne made a surprise return to Italy from the United States last week to solve a labor dispute at the Grugliasco car factory near Turin, where the carmaker is boosting Maserati production as part of a strategy to move upscale.

When Maserati workers entered a conference room at the plant on June 23, they were expecting to discuss with the plant manager how to meet booming demand for the Ghibli compact sedan. Instead, the employees found Marchionne sitting at the table.

GM crash victim payment plan won’t have limit

FILE - In this July 11, 2013 file photo, attorney and special adviser Kenneth Feinberg speaks at a public forum on the distribution of Newtown donations at Edmond Town Hall in Newtown, Conn. Feinberg plans to announce the terms of General Motors' plan to pay victims of crashes caused by bad ignition switches on Monday, June 30, 2014. (AP Photo/Jessica Hill, File)
By TOM KRISHER
When Kenneth Feinberg announces the terms of General Motors’ plan to pay victims of crashes caused by bad ignition switches, he’ll have an open wallet.

Renault-Nissan completes deal to take control of AvtoVAZ

AvtoVAZ Unveils New Family Vehicle-  Renault-Nissan completes deal to take control of AvtoVAZ

Renault-Nissan has completed a deal to take control of Russia’s largest automaker AvtoVAZ, Renault said today.

Bosch will cut 400 jobs at Belgian windscreen wiper plant

Bosch will cut 400 jobs at Belgian windscreen wiper plant

Robert Bosch will cut up to 400 jobs, or about a third of the workforce at a windscreen wiper factory in Tienen, Belgium.

Ford shares Could Gain 40% Here’s Why

By Ben Levisohn

Shares of General Motors and Ford got good news today when Cars.com predicted sales of cars would continue at a more than 16 million annual rate for the remainder of 2014. And there’s more upside to come, at least in Ford.