Registrations in Italy declined 6 percent in November, according to figures published by the nation's Ministry of Infrastructure and Transport.
Fiat Chrysler will partially lay off more than half the workforce at its under-used Mirafiori plant in Turin, as it retools the factory to build EVs.
Dealers blamed the "negative" climate sorrounding cars for a 13 percent fall in Spanish registrations in November as consumers worriy about the threat of diesel bans and even a complete ban on internal combustion engine vehicles in the future.
Fiat Chrysler will earn 6 billion euros ($6.8 billion) next year from selling supplier Magneti Marelli and plans to use part of that paying shareholders their first dividend. Shouldn't FCA use that money for new products and technologies?
Fiat Chrysler will earn 6 billion euros ($6.8 billion) next year from selling supplier Magneti Marelli and plans to use part of that paying shareholders their first dividend. However, this windfall comes at a time when the company really needs to think about investing in new products and technologies.
Slumping sales and profit at Maserati are among the challenges for new Fiat Chrysler Automobiles CEO Mike Manley, who says it was a mistake to have managed the Italian marque "almost as if it were a mass-market brand."
Fiat Chrysler's slumping Maserati business is a headache for new CEO Mike Manley after the brand's profitability and vehicle sales went into a steep slide. Manley has blamed the luxury unit's problems partly on mistakes that saw it managed "almost as if it were a mass-market brand."
The Seat Tarraco gives the brand an upmarket model that will compete at the high end of Europe's fastest-growing compact SUV segment.
Diesel's market share in Italy fell to 44 percent — the lowest since March 2010 — from 47.9 percent in September and 55.5 percent in October 2017.
Registrations in Spain declined nearly 7 percent in October, a smaller drop than the 17 percent in September. Industry watchers expect the market to grow in November and December.
The Hyundai Kona Electric SUV is off to a fast start in Europe as it is the first battery-powered model from the automaker for which demand is exceeding production. The current waiting time for the small crossover is more than six months.
The Hyundai Kona full-electric crossover will end 2018 on a high note after receiving 7,000 orders just in Norway after its launch in July.
Fiat has stopped producing diesel versions of the Panda and is phasing out the 500 diesel, sources said.
Sales had jumped 49 percent in August as carmakers rushed to clear out vehicle stocks ahead of the Sept. 1 introduction of the tougher emissions tests under the Worldwide Harmonised Light Vehicle Test Procedure.
Ferrari plans to sell 499 units of the Monza SP1 and SP2 supercars with a €1.6 million ($1.85 million) price tag. Over two years of production, that would generate an additional $755 million in revenue.
After pushing deliveries up in July and August, when some carmakers had to register older vehicles that no longer would be compliant after Sept. 1, the WLTP standards triggered the September fall. Many carmakers had not yet homologated models according to the new rules.
Ferrari plans to sell 499 units of the Monza SP1 and SP2 supercars with a 1.6 million euro ($1.85 million) price tag that will equate to 654 million euros ($755 million) over two years of production.
GAC's percentage of foreign sales is around 10 percent, and the long-term target is to have a 50-50 split between sales in China and abroad.
Ferrari's limited-edition, retro-styled Monza supercars are part of the automaker's new Icona line. The line's models, which are inspired by iconic past Ferraris, are expected to boost profit margins because they are aimed at the automaker's most passionate and wealthiest owners.
Ferrari will launch the Purosangue four-door utility vehicle in 2022. The name means "thoroughbred" in Italian.
The Italian coachbuilding and design company has a new strategy based on two business areas — engineering and design — that have been split into separate legal entities.
Fiat Chrysler Automobiles CEO Mike Manley is set to reveal a new executive team and management structure later this month.
Contrary to what happened in France, Spain, Germany and the UK, Italian registrations did not rise dramatically in August ahead of a deadline for the new WTLP testing regime on Sept. 1.
Registrations in Spain jumped 49 percent in August as automakers rushed to clear out vehicle stocks ahead of the introduction of the new WLTP testing regime on Sept. 1.
Mike Manley took the helm at FCA just four days before the death of former CEO Sergio Marchionne. That same day Manley had to present FCA's disappointing Q2 results and lower annual profit goals.
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