Fiat’s board authorized the carmaker to raise as much as $5.4 billion (€4 billion) by issuing new bonds, giving the company flexibility to refinance debt as it implements its merger with Chrysler.
GM recalls 3.4M more cars for ignition problems
By TOM KRISHER
General Motors says it needs to change or replace the keys for about 3.4 million cars because they could cause the ignition switch to move out of position if they’re carrying too much weight.
Enova pledges $259M for Hydro’s pilot aluminium plant in Norway
The Norwegian Ministry of Petroleum and Energy’s energy enterprise, Enova SF, has pledged NOK 1.55 billion (US$259 million) in investment backing for Hydro’s full scale next-generation electrolysis pilot project at Karmøy, on the west coast of Norway. This contribution is subject to approval by the European Free Trade Association’s (EFTA) surveillance authority ESA.
Suzuki chairman unclear when court will rule on VW dispute
Suzuki Chairman Osamu Suzuki said it was unclear when an international arbitration court will rule on its 2-1/2 year dispute with Volkswagen Group over their failed partnership.
