Britain’s fourth-largest car dealer, Lookers, expects to post a full-year pretax profit of more than £60 million (€75 million) after record sales lifted first-half pretax profit by 36 percent to £40.2 million.
Ferrari F12 tries to beat Nissan GT-R’s Nürburgring lap time
Ferrari does lot of its track testing in Maranello at the Fiorano test track, but most of the vehicles also make it at one point to the Nürburgring Nordschleife.
Fiat’s Chrysler merger payout cap won’t be waived or raised
Fiat will not call a shareholders’ meeting to waive or raise the €500 million ($668 million) limit it has set for paying out dissenters in its merger with Chrysler, the carmaker said Tuesday.
CEO Sergio Marchionne wants to incorporate the two carmakers into Dutch-registered Fiat Chrysler Automobiles, paving the way for a U.S. listing to help fund an ambitious investment plan at the world’s No. 7 auto group.
China’s NDRC has become country’s antitrust watchdog
Until recently, the National Development and Reform Commission, a ministry-level government body, was very friendly toward foreign automakers, approving numerous factory projects the companies sought.
NY judge Jesse M. Furman to encourage settlements of GM lawsuits
By LARRY NEUMEISTER
A federal judge told lawyers on Monday he’ll encourage settlements in lawsuits brought on behalf of nearly 1,000 plaintiffs against General Motors for defective ignition switches.
