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SOUTH AFRICA

More trade desired between SA and Italy in auto sector

Representatives from the automotive industries in South Africa and Italy met recently at the South Africa-Italy Summit 2016...

1 Nov 2016

SOUTH AFRICA

Ferrari headed for record year

Italian sportscar maker Ferrari said it was headed for a record net profit this year after posting its best-ever quarterly results...

4 Aug 2016

ITALY

Ferrari boss Montezemolo quits

ROME, ITALY: The president of the Italian Ferrari luxury sports car company, Luca Cordero di Montezemolo, announced he was stepping down on 13 October, just days after he said he wanted to stay.

10 Sep 2014

ITALY

Fiat changes name, disappoints with profits

MILAN, ITALY: Italian car company Fiat announced on Wednesday (29 January) it was changing its name to Fiat Chrysler Automobiles (FCA) after completing the purchase of US car manufacturer in a move that Fiat chairman John Elkann said "heralded a new chapter".

30 Jan 2014

ITALY

Fiat shares surge on Chrysler merger

ROME, ITALY: Shares in Italian car giant Fiat rose sharply after it announced it would take full control of Chrysler in an historic US$3.65bn deal.

3 Jan 2014

ITALY

Fiat invests €1bn in Italian plant

MILAN, ITALY: Fiat said on Wednesday (4 September) it will invest €1.0bn at its Turin plant to make Maseratis, easing fears that Fiat is lowering its role in Italy.

5 Sep 2013

ITALY

Fiat profits sharply up but shares fall

MILAN, ITALY: Italian car company Fiat reported a huge increase in second-quarter profits on Tuesday (30 July) but its share price fell sharply after US partner Chrysler revised down its 2013 financial targets

31 Jul 2013

ITALY

Italian group buys stake in Aston Martin

ROME, ITALY: Italian private equity fund Investindustrial has bought a 37.5% stake in British car manufacturer Aston Martin for £150m, the companies said in a joint statement on Friday (7 December).

10 Dec 2012

UNITED STATES

Hope for full global economic recovery in 2010 diminishes

NEW YORK, US: After an upbeat start to the year with two consecutive quarters of increases in optimism, global consumer confidence fell three points in September to an Index of 90 as consumers' hopes for a full economic recovery this year fades in most parts of the world, according to the latest edition of the Nielsen Global Consumer Confidence Index.

27 Oct 2010

SWEDEN

Naughty Volvo, naughty!

STOCKHOLM, SWEDEN: Swedish car manufacturer Volvo has always relied on its image for quality manufacturing and efficient design. Other car marques are well known for possessing a fun streak, such as Honda, Toyota or Mazda, which is a necessary brand ingredient in attracting the younger market.

4 Aug 2010

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