Ferrari will build more cars than previously planned after Sergio Marchionne, CEO of parent Fiat Chrysler Automobiles, takes the top job at the supercar maker next month.
outgoing Ferrari chairman Montezemo gets €27 million severance
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.
U.S. NHTSA to probe engine stalls on 2007 Chrysler minivans
By Paul Lienert
The National Highway Traffic Safety Administration on Tuesday said its Office of Defects Investigation is assessing “the scope, frequency and safety consequences” of alleged engine stalling after refueling in the Chrysler vans.
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.
