Fiat Chrysler prepares for Magneti Marelli spinoff

Fiat Chrysler has kicked off its planned spinoff of parts maker Magneti Marelli which will be registered in the Netherlands and listed on the Milan stock exchange, Reuters reported.

Tesla's battery maker suspends cobalt supplier amid sanctions concern

Panasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions.


Actor Mark Wahlberg buys Chevy dealership in Ohio

Hollywood star Mark Wahlberg, known for both hit movies and his entrepreneurial efforts in the restaurant and nutrition supplements industries, is getting into the car business.

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