Tags: Fiat Chrysler Automobiles
Maserati Introduces Levante, The First SUV In Its 102 Years’ History
Maserati has unveiled the first SUV, in its century-old history, in the Geneva Motor Show, 2016. The new SUV’s overall shape has more than a few Porsche Cayenne-like proportions while possessing trademark Italian flavor. Wester, the Maserati CEO, has also confirmed that despite having access to the wider Fiat-Chrysler group, the new Levante is a 100% Maserati.
Ford to open new plant in Mexico: Reports
Ford is reportedly intending to start a new plant in Mexico with an aim to boost its production capacity of US plants. This move by the company reflects its rival General Motors' investment plan of $5 billion to multiply the production capacity in Mexico within 2018.
European Commission Rules Starbucks' and Fiat's Tax Deals with Dutch and Luxembourg Tax Authorities Illegal - Ordering Both Companies To Pay Millions of Euro in Back Taxes
The European Commission ruled on Wednesday that Starbucks Corp and Fiat Chrysler Automobiles benefited from illegal tax deals with the Dutch and Luxembourg authorities, sending shock waves to MNCs who have been using such profit-shielding tax deals in the past.
Ferrari prices IPO at $52 per share, bringing its market capitalization to $9.8Bn
Ferrari priced on Tuesday its initial public offering at $52 giving the high-end car manufacturer a market capitalization of about $9.8 billion.