By Tommaso Ebhardt and Flavia Rotondi
Fiat SpA will sell shares acquired from investors exiting the company before its merger with Chrysler Group LLC to raise funds and boost trading liquidity.
Booming electric car sales under fire in Norway
By Pierre-Henry Deshayes
Ministers in Norway — a major and rich oil-producing country — are under increasing public pressure to reduce perks and tax breaks for booming electric car sales.
“It’s become a problem,” said Erik Haugstad, a bus driver in the Oslo region who complains about the numerous electric cars clogging bus lanes, which they have the right to use in Norway.
A Drag Race: Nissan GT-R vs Tesla Model S
By Nicole Wakelin
Will the Nissan GT-R hold its own even with the altitude handicap? Hit the play button and watch the video to see the answer.
Fiat-Chrysler forecasts New York stock market listing on 13 October
Fiat-Chrysler aims to list shares in the newly merged carmaker in New York on Oct. 13, Chief Executive Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month.
He was speaking a day after the merger between Fiat and its U.S unit Chrysler cleared its last remaining hurdle.
AutoVAZ considers in-house parts production to halt monopolies, graft
AvtoVAZ, the Russian carmaker controlled by Renault-Nissan, may bring some parts production in-house as it struggles to get more competitive pricing and stamp out corruption in its local supply chain, senior executives said.
The maker of Lada cars is studying plans to invest in the manufacturing of components including seats and smaller metal body parts currently bought from suppliers, Chief Financial Officer Evgeny Belinin told reporters.
