Sergio on Succession, Spinoffs and Smoking (7/27/17)

FCA’s Marchionne on succession, spinoffs and smoking; Ford seat belt callback; Aston Martin...
from TumblrCynthia Lin

Rolls-Royce taps art world to raise custom game with new PhantomAuto News

Rolls-Royce Motor Cars is ramping up the personalization options on the redesigned and re-engineered Phantom flagship limousine to allow owners to embed bespoke artwork behind glass in the dashboard.

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Why the FCU-UAW scandal looks like a rogue actionAuto News

If the FCA-UAW corruption charges are proven, it has to be seen as a rogue action taken by officials intent on enriching themselves.

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Feds seize $125,000 worth of pot in rail cars carrying imported FordsAuto News

For the second time this month, Ford vehicles imported to the U.S. from Mexico were found being shipped with marijuana.

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Maserati spearheads FCA's push to electrified vehiclesAuto News

FCA plans for more than half of its lineup to be electrified by 2022, including all Maserati models following 2019, according to CEO Sergio Marchionne.

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Marchionne expresses 'disgust' over FCA-UAW executive conspiracyAuto News

FCA CEO Sergio Marchionne expressed "disgust" over an alleged multimillion-dollar conspiracy involving the company's former labor-relations chief, Alphons Iacobelli.

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Ford's ride-share unit Chariot expands to New YorkAuto News

Ford said that Chariot, the San Francisco-based shuttle service it acquired last year, will soon expand to New York.

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U.S. approves fix for more than 300,000 VW dieselsAuto News

The fix will include hardware and software upgrades, including replacing an emissions catalyst but will reduce vehicle fuel economy ratings by as much as 2 miles per gallon, VW said.

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Group 1 Q2 net falls 16% on energy marketsAuto News

Group 1 said its second-quarter net income fell 16 percent compared with the year-ago period to $39.1 million on weakness in US markets impacted by low energy prices, particularly in Houston.

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House committee approves self-driving legislation, refines safety exemptionsAuto News

The House Energy and Commerce Committee unanimously approved bipartisan legislation that would for the first time govern the manufacturing, testing and deployment of autonomous vehicles.

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Penske Automotive says Q2 net income rises 14 percentAuto News

Penske Automotive reported a 14 percent gain in second-quarter net income, crediting increased business in used-vehicle sales, service and parts and finance and insurance.

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Penske reports record Q2 results, net income up 14 percentAuto News

Penske Automotive Group's second quarter gained momentum on the strength of used-vehicle sales and increases in service and parts.

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U.S. regulators to approve fix for more than 300,000 VW diesels, report saysAuto News

The EPA and California Air Resources Board will approve later on Thursday a fix for more than 300,000 older Volkswagen diesel cars, two people briefed on the matter told Reuters.

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Ford recalls 117,000 vehicles for risk of seat belt failureAuto News

Ford is recalling nearly 117,000 vehicles because bolts in the seat, seat belt or seat belt buckle may fracture.

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FCA Q2 operating profit rises 15%Auto News

Fiat Chrysler's second-quarter operating profit rose 15 percent to $2.19 billion, despite roughly flat shipments and revenue. FCA was able to do so with higher margins in North America and gains at Maserati.

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FCA Q2 operating profit rises 15%Auto News

Fiat Chrysler's second-quarter operating profit rose 15 percent to $2.19 billion, despite roughly flat shipments and revenue.

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FCA increases Q2 operating profit 15%Auto News

Fiat Chrysler Automobiles' second-quarter operating profit increased 15 percent to $2.19 billion (1.87 billion euros), despite roughly flat shipments and revenue.

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FCA increases Q2 operating profit 15%Auto News

Fiat Chrysler reported operating profit for the second quarter increased 15 percent compared to last year to $2.19 billion, despite shipments and revenue being roughly the same.

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KKR to acquire auto assets from S. Korea's LS Group for $943 millionAuto News

Corporate buyout firm KKR said it agreed to buy auto parts and materials businesses from South Korea's LS Group for 1.05 trillion won ($943 million).

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Nissan posts 13% drop in Q1 profit on higher expenses, incentives Auto News

Nissan posted a 13 percent drop in quarterly operating profit, as a rise in marketing and selling expenses, including incentives, offset a rise in global vehicle sales.

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