Auto major Fiat Chrysler Automobiles (FCA) on Wednesday said it will invest $150 million (around Rs 1,103 crore) to set up a global digital hub in Hyderabad to help the group develop new technologies to cater to its automotive operations across the globe. The facility, which is FCA's largest digital hub outside of North America, would create nearly 1,000 jobs by the end of next year.
Unions representing the majority of workers at Fiat Chrysler in Italy rejected a strike called by an independent labour group in protest against the huge sums of money spent by Italy's Juventus soccer club to sign Cristiano Ronaldo.
In 2015, the group will introduce the much-awaited Wrangler and Grand Cherokee.
Fiat Chrysler will be shipping its first India made product - the Compass SUV - to right hand drive markets like UK, Japan, Australia and South Africa in the next few months.
Exor, the investment holding of Italy's Agnelli family, owns nearly 30 percent of Fiat Chrysler (FCA) and 64 percent of Juventus. FCA and Juventus are completely separate entities, each managing their own finances and operations.
The April-June quarter of 2018 happens to be the weakest for the Jeep since the launch, making it evident that it is not easy for a carmaker to sustain growth with a single product.
FCA has alleged that the Roxor, which M&M imports in the US from India as knocked-down kits, was "a nearly identical copy of the iconic Jeep design", adding that the product was modelled after the original Willys Jeep.
The top six auto brands are: Maruti Suzuki, Hyundai, Tata Motors, Toyota, Kia and Mahindra & Mahindra.
Performance is one of the strengths of Abarth 595 Competizione.
The company unveiled premium sedan Avventura and high-performance Abarth 500
French carmaker Citroen will launch its C3 Aircross Sport Utility Vehicle (SUV) in India by October, and is betting big on exports from India to markets like South Africa, ASEAN (Association of Southeast Asian Nations) and Nepal, a top company executive told Business Standard. Citroen, which sold 6,000 units through Citron C3 and C5 Aircross SUV, is likely to double its sales during the current year, as it has already sold 6,000 units of Citron C3 and eC3 electric vehicles during the first six months. "We are going to start bookings for the C3 Aircross SUV in September and launch it in October. Price will be at the heart of the midsize SUV market," said Saurabh Vatsa, Citroen India branch head.
The two new products are part of the company's revival strategy plans in India where it has been struggling to win consumers.
Firm attributes move to pandemic and legal spat with Fiat Chrysler, says it is in line with group's strategy to re-think capital allocation and drive efficiency.
In India, car companies measure wholesale as sales.
The company will also bring global products such as Abarth.
Ferrari could lead other Formula One teams into an alternative championship if the sport becomes too much like the US-based NASCAR series.
The luxury SUVs will compete against models of Mercedes-Benz, BMW, Audi, Volvo, Porsche and Land Rover
Earlier in May, Ford India announced that it had dropped its plans to make electric vehicles (EVs) in India, which it intended to export, under the production-linked incentive scheme (PLI). Ford was among 20 companies that had signed a Champion OEM Incentive Scheme under the PLI project with the government in February this year. The decision comes as a blow for the 4,000-odd employees at Ford India's Maraimalai Nagar plant near Chennai and in Sanand, Gujarat. In September last year, the company had announced that it would exit the India market, which it had entered in 1995 through an on-again, off-again joint venture with Mahindra & Mahindra (they split in 1998, signed a JV in 2019 and split again in December 2020), retailing petrol and diesel brands such as the EcoSport, Figo, Aspire, and Endeavour.
20 CEOs are from the companies based in US.
The 5-seater Compass is set to take on Hyundai Creta, Mahindra XUV500, Renault Duster, Toyota Innova and Tata Hexa.
Ferrari have parted company with chief designer Nikolas Tombazis and engineering director Pat Fry, two of the men responsible for designing this year's car as the team endured their first season without a win since 1993.
Mahindra & Mahindra on Friday said a judge of the US International Trade Commission has found that its off-road vehicle Roxor violated Fiat Chrysler Automobile's (FCA) Jeep 'trade dress' and recommended an exclusion order prohibiting import and sale of any already imported parts of the vehicle.
Car deliveries during the nine-day period saw sharp year-on-year (double-digit increase for most automobile companies.
According to a White House pool report, Trump referred to Nooyi as one of the "most powerful" women in the world.
Maserati, whose logo is modelled on the trident in the statue of Neptune in Bologna's Piazza Maggiore, was acquired by the Fiat Group in 2005.
The state transport department recently announced to give permit to 3,000 new taxis.
'Approach people with respect, mindful that they know their job better than you do, and that you're not superior to them just because you may be better educated or their boss.' Skoda Auto VW India MD Gurpratap S Boparai cites his management credo to Pavan Lall.
In addition to Pichai and Nadella, IBM's Arvind Krishna, Micron's Sanjay Mehrotra, Ajay Banga from Mastercard and Ann Mukherjee from Pernod are among the six Indian-Americans among over 200 corporate honchos who will advise the President and offer recommendations on how to revive the American economy.
Trump said in his remarks at the unveiling of the Boeing 787 Dreamliner Aircraft.
GM has invested $1 billion in the country since 1996.
Marchionne writes off Ferrari's season of failure
Volkswagen did not name a successor, but said proposals on management appointments would be made to a full board meeting on Friday.
Suzuki Motor Corp's 85-year-old CEO Osamu Suzuki named his eldest son as the new president of Japan's fourth-biggest automaker, easing investor concerns over the firm's succession plan and boosting the company's shares by more than 5 percent.
The prices will be announced by mid-2016 during the official launch.
The winds of change have swept through Ferrari and even Christmas has a different feel now.
Despite the romance around the car and its early models, Fiat in India will also be remembered as a brand that frittered away the first mover advantage, says Shally Seth Mohile.
This and more from the happenings in the world of football
'More than one brand in a showroom is too risky because customer loyalty in this market is low. Most people don't drive different cars made by the same manufacturer for a lifetime, they experiment.'
Summary of sports events and persons who made news on Friday
Apart from a pavilion of vintage cars, there will be a Bollywood corner
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