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Calsonic Kansei has lined up around 5 billion euros ($5.9 billion) in financing from Japanese banks to help fund its proposed acquisition of FCA's Magneti Marelli unit, Reuters reported.
Ferrari's latest special edition supercar will be called the Monza and will broaden the automaker's offering of limited models that typically earn higher margins.
Ferrari will launch the Purosangue, its much anticipated four-door utility vehicle, in 2022. The name means "thoroughbred" in Italian.
Musk statements spark U.S. criminal probe – report; 'Ambitious' plan for Ferrari; M-B's millennial magnet?; Renault, Nissan, Mitsu to embed Android; Ford vet Mays joins Whirlpool.
Ferrari plans to launch 15 new models by 2022, and the company expects the average retail price for its vehicles to increase "significantly."
KKR offered less than the $6.98 billion minimum valuation Fiat Chrysler sought for Magneti Marelli, which ended the exclusivity of the talks, Bloomberg reported.
The struggling Fiat brand will get fresh product in the next several years, though it is likely to lose two of its slowest-selling models.
Uncertainty about international trade agreements and tariffs threatens to jumble FCA's pickup production plans.
FCA's most valuable mass-market brand will bring an A-segment vehicle to the U.S. to slot below the Renegade.
Midsize Ram pickup to be built in Jeep plant; Missing: Ex-Porsche dealership worker, $2.5M in deposits; BMW iNext, Kia Niro EV; Subaru Ascent ad focus; Audi e-tron heads for Emmys.
Key decisions are pending on the fate of the two three-row crossovers.
The aging full-size sedan will be eliminated in 2020, ending a 15-year production run.
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