Stellantis
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Reinstated by Italian court, Fiat workers turned away Three workers fired by Fiat and then reinstated by an Italian court showed up for work Monday after the carmaker had urged them to stay away from its factory in the southern town of Melfi. "We have a right to work," Giovanni Barozzino, one of the three workers, told SkyTG 24. The three showed up for their 1 p.m. shift and were not allowed back on the production line, newswire Ansa said. They left the factory after being told they would only be allowed to do union-related activities, Ansa said. The workers were dismissed July 14 after Turin-based Fiat accused them of sabotaging operations during a strike. A labor co…
Last reply by NINETY EIGHT REGENCY, -
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New Lancia Stratos: High-Res Photo Gallery MONDAY, AUGUST 23, 2010 By now, you've probably heard or read about the modern-day interpretation of the Lancia Stratos that is being built as a one-off (for the time being) by Pininfarina for Michael Stoschek, a wealthy German businessman. While there is nothing new in the way of details, the people behind the project have finally released some high resolution photos of the reborn Stratos that you can enjoy right after the jump. We'll remind you that the Stratos is based on a shortened platform of a Ferrari F430 Scuderia making use of the same V8 powerhouse. link: http://carscoop.blogspot.com/2010/08/new-lancia-stratos-high…
Last reply by NINETY EIGHT REGENCY, -
New Lancia Stratos: Real Life Photos of One-Off Special Based on F430 and Built By Pininfarina FRIDAY, AUGUST 13, 2010 Turns out the modern-day interpretation of the iconic Lancia Stratos that took the internet by storm the past couple of weeks is in fact a real car and it will be produced. German media, including Auto Motor und Sport magazine, reported today that the Stratos is a one off -at least for now- commissioned by Michael Stoschek, owner and CEO of the German automotive supplier, Brose KG. It is not clear if the Lancia badge will be used on the final car since it's not an official product. These photos showing the Stratos from various angles as well as alongs…
Last reply by NINETY EIGHT REGENCY, -
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The New Lancia Stratos Is Gorgeous, Possibly V8-Powered The new Lancia Stratos has given in to the frenzy it's caused and posed pretty for the camera. Not only that but we have details too, like how it's got a Ferrari V8, ceramic brakes and a cost-is-no-object development budget. So you fancy this new Lancia Stratos, huh? Well, this baby's got it all, the compact size, the clamshell openings, a tight, race-oriented cockpit and Ferrari power. A few things have changed though. Gone are the pop-up head lights, a victim of the times more than anything, and rather than a V6 mounted midship, instead there's a V8. Speculation as to which one is still a little wild, with Italia…
Last reply by balthazar, -
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The Lancia Stratos Is Real, Headed For Production The Lancia Stratos we saw last week is real and it's not just intended for one wealthy industrialist's garage, it's headed for limited production. According to Car und Driver, the new Stratos is aiming to set everyone's pants on fire. Remember Jason Castriota? The guy behind the Stile Bertone Mantide? He's reportedly the brains behind this latest off-the-deep-end design exercise, but where the Mantide was polarization incarnate the new Stratos is just plain awesome. What we've been seeing kicking around isn't just some bonus for a Goldman Sachs golden boy, instead it's a production-intent sports car we'll endlessly lust …
Last reply by NINETY EIGHT REGENCY, -
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PSA shares slump on H2 fears after strong first half July 28, 2010 08:16 CET PARIS (Reuters) -- PSA/Peugeot-Citroen warned its second-half performance would be hampered by a tougher economic environment, sending its shares lower even though it swung to a first-half profit. PSA shares opened 1.3 percent higher, after the group posted strong first-half results, but later fell sharply, trading 3.74 percent lower, underperforming a 0.49 percent drop in the Stoxx 600 European Autos index. Carmakers hit hard by an industry crisis are increasingly relying on growth in emerging regions like China and Latin America, as signs of an underlying recovery in car demand in Europe ar…
Last reply by NINETY EIGHT REGENCY, -
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Italy gives Fiat too little and asks too much July 27, 2010 - 11:45 pm ET Italy needs to make building cars in the country more financially appealing to Fiat – and other automakers – if it wants to avoid losing future projects. That means the government has to reconsider its no-intervention policy regarding the auto industry. Without incentives and tax breaks, Italy cannot compete with countries such as Serbia, which made Fiat a great offer to win production of the Fiat Multipla and Idea minivan replacements from the Mirafiori plant in the automaker's hometown Turin. Fiat will pay 350 million euros ($454 million) in cash upfront to cover a 1 billion euro investment. T…
Last reply by NINETY EIGHT REGENCY, -
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Fiat lifts European sales outlook Luca Ciferri Automotive News Europe -- July 22, 2010 14:24 CET Fiat S.p.A. CEO Sergio Marchionne lifted his outlook for the European new-car market this year, as well as his forecast for Fiat's global sales. Fiat now expects total market sales in the 27 EU markets plus Iceland, Norway and Switzerland to fall about 10 percent to 13.25 million, compared with its April forecast of a 15 percent decline. In 2009, European sales fell 1.6 percent to 14.72 million, according to industry association ACEA. “We are seeing light at the end of the tunnel,” Marchionne told analysts on a conference call Wednesday. He said commercial vehicles are a…
Last reply by NINETY EIGHT REGENCY, -
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Fiat to shift minivan production to Serbia from Italy Automotive News Europe -- July 22, 2010 06:01 CET Fiat S.p.A. will build two new minivans in Serbia instead of Italy, CEO Sergio Marchionne said. Fiat could also produce in other countries four other models originally planned for Italian production including Alfa Romeo and Chrysler group cars. Fiat said in December that it would build the replacements for the Idea and Multipla minivans in the company's Mirafiori plant in Turin, Italy. On Wednesday, Marchionne said Fiat has reversed this decision after the company failed to win sufficient concessions from workers to assure the “governability” of its Pomigliano d'Arc…
Last reply by NINETY EIGHT REGENCY, -
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Fiat reports second-quarter profit on truck rebound July 21, 2010 08:16 CET MILAN (Bloomberg) -- Fiat S.p.A., which acquired 20 percent of Chrysler Group last year, returned to a quarterly profit on higher sales of trucks and agricultural machines and said it may raise its full-year forecast. Second-quarter net income was 90 million euros ($116 million), compared with a 168 million-euro loss a year earlier, Fiat said in a statement today. Trading profit, or earnings before interest, taxes and one-time gains or losses, more than doubled to 651 million euros, beating the 359 million-euro average estimate of 11 analysts compiled by Bloomberg. A recovery in demand for the…
Last reply by NINETY EIGHT REGENCY, -
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Fiat makes profit, approves split into 2 companies Colleen Barry / Associated Press Milan -- The Italian automaker Fiat, which controls Chrysler, today reported a return to second-quarter profits on improved sales of agriculture equipment and trucks, and said it may raise its 2010 forecasts. Fiat also said its board approved the plan to separate its industrial vehicle and auto businesses into two distinct companies in order to "give birth" to a global automotive company that will incorporate Chrysler LCC. The plan was announced in April. A second-quarter net profit of $115.6 million compares with a loss of $215.9 million in the same period last year. Net revenues were…
Last reply by NINETY EIGHT REGENCY, -
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Fiat Working On Hybrid Twin-Cylinder Engine That Promises 80 MPG Viknesh Vijayenthiran July 14th, 2010 Viknesh Vijayenthiran By Viknesh Vijayenthiran Editor July 14th, 2010 July 14th, 2010 Just this week Fiat revealed a tiny two-cylinder engine that its customers in Europe can pick for the funky 500 minicar, and which in naturally aspirated form delivers around 65 horsepower and promises a fuel economy upwards of 55 mpg. While we know that there will be more powerful turbocharged applications of this engine, new reports suggest that there will even by a hybrid version good for up to 80 mpg. According to the guys at AutoExpress, the likely set-up will be a mild hybrid sy…
Last reply by NINETY EIGHT REGENCY, -
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Peugeot to resurrect Talbot brand as channel for cheap cars? by Zach Bowman (RSS feed) on Jul 6th 2010 at 6:02PM It's certainly possible. According to La Voz de Galicia, the French automaker is currently mulling the creation of a new sub-brand to break into the lower rungs of the inexpensive car market. Rather than go through the hassle of rustling up a whole new name, the company has looked to the past for inspiration. It came up with Talbot – a company that got its start early in the 20th century and puttered to a stop in 1986. The name has a history of rising from the dead. In 1978, Peugeot pulled a similar stunt by bringing the Talbot name back from obscurity after…
Last reply by NINETY EIGHT REGENCY, -
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PSA Looks to Diesel After treatment, New Engine Technologies to Meet Euro 6 By William Diem WardsAuto.com, Jun 1, 2010 9:00 AM ROUEN, France – PSA Peugeot Citroen plans to add a urea-injection aftertreatment to curb oxides of nitrogen and hydrocarbons on all its diesel engines starting in 2014. “One technology is the best answer to achieve a big volume” and reduce price, Christian Chapelle, vice president-powertrain and chassis engineering, says at a conference here on the future of the diesel engines sponsored by the SIA French vehicle-engineering society. The future of diesel engines is in question in Europe because Euro 6 rules on NOx emissions are radically …
Last reply by NINETY EIGHT REGENCY, -
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Filed under: Hirings/Firings/Layoffs, Mitsubishi, Earnings/Financials, Peugeot, Citroën The French and the Japanese have gotten together to form a magic partnership once already with Carlos Ghosn at the helm. The question is, then, can that success be replicated? PSA Peugeot-Citroën seems to hope so, and it is reportedly on the verge of purchasing a controlling stake (somewhere between 30 and 53 percent, depending on the report) in Mitsubishi Motors. The total price for the acquisition would cost the European automaker over $3 billion and the deal would also include Mitsubishi acquiring a somewhat smaller stake in PSA Peugeot-Citroën - again, similar to the situation b…
Last reply by PONTIAC06, -
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Peugeot Announce The New Peugeot Partner and Partner Tepee Automobiles Peugeot Launched in 1996, the Peugeot Partner has been extremely successful in both its small van and MPV versions, with regular year on year increases in global sales over the past eleven years. Capitalizing on the success of the first generation Peugeot Partner, Peugeot will launch a new version of the Partner in the second part of 2008. With the launch of the new Partner, the first generation Partner model will, however, continue to be sold in certain countries with a reduced range of models and will be known as the Partner Origin. Full release and preview photos at AutoReport New Citroën…
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IL Special Report: Inside the New Diesel Hybrids Date posted: 02-03-2006 PARIS — French automaker PSA Citroén has confirmed that it will have two diesel-electric hybrid vehicles in production by 2010. Inside Line had the opportunity to talk with executives behind the new cars and take a prototype out for a spin. The European love affair with diesel power looks set to continue with the announcement that PSA Peugeot-Citroén will have two diesel-electric hybrid cars on the market in four years. The cars promise to cut fuel consumption by 28 percent compared with a conventional diesel. According to PSA Executive Vice President of Innovation Robert Peugeot, a diesel-elect…
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