By Colleen Barry
Ferrari’s sleek sports cars and souped-up Formula 1 racing machines have made the prancing horse logo among the world’s most powerful brands. Now, as the company prepares for a public listing, it wants to cash in on the cachet.
Fiat Chrysler sells stock at discount after New York slump
Fiat Chrysler Automobile’s share sale will carry a discount of 4 percent after the stock plunged the most on Wednesday since the merged carmaker’s October debut on the New York Stock Exchange.
Fiat Chrysler says no plan to move Ferrari’s tax base outside Italy
By Agnieszka Flak
Fiat Chrysler Automobiles (FCA) has denied a media report saying it was considering a move in the tax residence of its Ferrari luxury sportscar unit outside Italy.
Mahindra nears deal to buy Saab maker, report says
India’s Mahindra & Mahindra is close to sealing a deal to buy National Electric Vehicle Sweden (NEVS), the investment group that bought the assets of Saab Automobile two years ago, the Financial Times reported.
China November auto sales climb 2.3%
Auto sales in China, the world’s biggest car market, expanded 2.3 percent year-on-year in November, an industry group said Wednesday, the slowest for any month this year.
