New Ford Mustang arrives in Europe next year, making it the first time in the iconic sports car’s 50-year history that it will be sold officially across Europe.
Category Archives: Useful Information
Marchionne’s plan questioned as Fiat shares tumble
Fiat-Chrysler CEO Sergio Marchionne has an ambitious five-year plan to more than double profit and increase annual deliveries 61 percent. So far, investors aren’t buying it.
Fiat shares fell 12 percent on Wednesday, the most in 2 1/2 years, on skepticism that the CEO will be able to meet the 2018 targets he laid out during an investor presentation Tuesday.
Fiat will build Punto replacement in Poland
Fiat will invest 2.36 billion zlotys ($784 million) to upgrade its factory in Tychy, Poland, to build the replacement for the Punto subcompact (Punto above), a report said.
Peugeot announces exclusive RCZ ‘Red Carbon’ limited edition
Peugeot RCZ range just got even more interesting, with the launch of a new bespoke ‘Red Carbon’ limited edition, that is now available to order with prices starting from £26,000 for the 1.6-litre THP 156 petrol engine, while the range topping 1.6-litre THP 200 petrol is priced from £28,400.
Tesla 1Q loss totals $50 million as costs rise
Electric car maker Tesla Motors lost $49.8 million in the first quarter as it accelerated the development of its new crossover and made improvements to its Model S sedan.
Tesla said it produced a record 7,535 Model S sedans during the period and delivered 6,457 to customers, but higher costs led to a loss. Shares fell 7 percent to $187.50 in after-hours trading.
