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Fiat Chrysler says it has no plan to move Ferrari's tax base from Italy

Dec. 11, 2014 16:07 CET
Fiat Chrysler Automobiles denied a report that it is considering moving the tax residence of its Ferrari supercar unit outside Italy. The possibility of the move to save on corporate taxes caused an outcry in its home country....
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Subaru plans new HQ in N.J. twice the size of its current one

1:00 pm U.S. ET | Dec. 5, 2014
Fast-growing Subaru of America plans to expand its US headquarters by moving to a campus double the size of the current site. The new development, about 4 miles from the current headquarters in New Jersey, will house more than 500 employees and contractors in the sales, marketing, service and administration departments, a statement said today....
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Tensions at Toyota ahead of big move

12:01 am U.S. ET | Nov. 17, 2014
As Toyota prepares to consolidate its far-flung engineering, sales, marketing, finance and corporate operations into a new North American headquarters near Dallas, it's wrestling with a knotty set of challenges: retaining enough employees to ensure a smooth transition, realigning job functions and keeping up morale as anxious workers await word on their new job descriptions and pay scales....
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Fiat Chrysler Q3 profit rises on Jeep demand

9:16 am U.S. ET | Oct. 29, 2014
Fiat Chrysler Automobiles reported a 7.4 percent increase in profit in the third quarter, bolstered by sales growth in the United States....
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Tenneco's adjusted Q3 net income rises 26% on record revenue

12:27 pm U.S. ET | Oct. 27, 2014
Tenneco, a supplier of ride control components and emission control systems, said today its adjusted third-quarter net income rose 26 percent from a year earlier to $78 million....
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GM operating profits fall 14% in Q3 on flat revenue

7:45 am U.S. ET | Oct. 23, 2014
GM's record transaction prices in North America and booming sales in China weren't enough to offset weakness in just about every other region, as the company's third-quarter operating profit fell 14 percent....
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Gentex reports 30% surge in Q3 net income

1:46 pm U.S. ET | Oct. 22, 2014
Gentex, which makes a variety of automotive mirrors, cameras and electronic components, said today that its third quarter net income surged 30 percent from a year earlier, with total revenue jumping 22 percent....
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Hyundai Motor to use cash to fund $10 billion land deal

7:17 am U.S. ET | Oct. 16, 2014
Hyundai Motor and its two affiliates will use cash to fund their 10.6 trillion won ($10 billion) purchase for a land site in Seoul, raising concern the companies will reduce shareholder payouts....
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GABE NELSON

Hyundai's hubris -- $10B land deal backfires

4:08 pm U.S. ET | Sept. 22, 2014
Chung Mong-Koo sought to imbue Hyundai with Gangnam style. Instead, Hyundai Motor Group's $10 billion bid for a nearly 20-acre plot in Seoul's prestigious Gangnam district backfired on the company that Chung has elevated into a global powerhouse....
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Fiat Chrysler locates new HQ in London's West End

Sept. 18, 2014 15:58 CET
Fiat Chrysler will locate its new global headquarters in St James's Street in London's West End, near Buckingham Palace. London is neutral territory between the Italian carmaker's former HQ in Turin and Chrysler's historic association with Detroit....
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Hyundai Motor's record $10 billion bid for trophy property alarms investors

11:33 am U.S. ET | Sept. 18, 2014
Hyundai Motor Group will pay a record $10 billion for the site of its new headquarters in Seoul's high-end Gangnam district, out-bidding Samsung Electronics and sparking investor concerns that it is wasting cash on a trophy property....
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Fiat Chrysler's new HQ will be a short stroll from Buckingham Palace

9:54 am U.S. ET | Sept. 18, 2014
Fiat SpA will locate its new global headquarters in London's West End, opting for the most expensive office district in the world....
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Mobileye Q2 revenues jump, sees strong growth in 2014

3:43 pm U.S. ET | Sept. 4, 2014
One month after going public, Mobileye posted lower net income but sharply higher revenue on strong demand for its camera-based systems that help drivers avoid collisions....
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Delphi reports strong Q2 profit, but next quarter may disappoint

11:36 am U.S. ET | July 31, 2014
Delphi Automotive Plc today reported stronger-than-expected second-quarter profits, but offered a lower forecast for the third quarter....
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GM says '14 profit may be ahead of plan, sees Europe in the black by mid-decade

4:02 pm U.S. ET | June 5, 2014
GM said today its 2014 profit could be stronger than it expected and painted a more rosy picture in Europe, on the same day it said "incompetence and neglect" at the company failed to catch a defective ignition switch linked to at least 13 deaths....
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Fiat Chrysler plans finance-focused staff at London HQ

May 20, 2014 06:01 CET
Fiat Chrysler Automobiles' new London headquarters will have a staff of about 50 people, most of whom will have a finance background, said two people familiar with the details of the automaker's plan to shift its tax residency to the UK....
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Toyota move could generate $7.2 billion in 10 years for Texas economy, analysis finds

7:28 am U.S. ET | May 15, 2014
Toyota's relocation of its United States headquarters to Plano, Texas, may bring $7.2 billion of economic activity to the area over 10 years, according to an analysis for the city....
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Toyota move yields political fallout in Calif.

4:03 pm U.S. ET | May 8, 2014
Toyota's decision to move its North American headquarters to Texas is causing political fallout in California. A representative on the California Economic Development Commission criticized officials in Torrance for “having lost the world's largest automotive company,” the city's newspaper reported Wednesday....
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LUCA CIFERRI

Marchionne follows the money

12:01 am U.S. ET | May 6, 2014
Why is Fiat Chrysler CEO Sergio Marchionne today presenting his latest business plan for the Italian automaker at Chrysler's U.S. headquarters in Auburn Hills, Michigan, and not at Fiat's base in Turin?...
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LUCA CIFERRI

Marchionne follows the money

12:01 am U.S. ET | May 6, 2014
Why is Fiat Chrysler CEO Sergio Marchionne today presenting his latest business plan for the Italian automaker at Chrysler's headquarters near Detroit, and not at Fiat's base in Turin?...
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BorgWarner raises 2014 forecast as Q1 profits rise 12%

10:01 am U.S. ET | May 1, 2014
BorgWarner, which makes a variety of fuel efficient components such as dual-clutch transmissions, raised its 2014 earnings forecast after posting a better-than-expected first-quarter profit....
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TOYOTA MOVES TO TEXAS

What's left for Torrance?

1:35 pm U.S. ET | April 30, 2014
In moving from suburban Torrance to Plano, Texas, Toyota Motor Sales USA and Toyota Financial Services wanted a headquarters campus where there wouldn't be a barrier between established employees and the “new guys.” Everyone would have a fresh start....
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JAMES B. TREECE

Texas politicians: Be careful what you wish for and what you hand out

4:10 pm U.S. ET | April 29, 2014
Texas politicians are exchanging high-fives over Toyota's decision to relocate its United States headquarters to Plano. It's undoubtedly a great boon to the state. But will it really prove so good for the politicians' careers?...
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THE TOYOTA MOVE

Toyota to consolidate most U.S. operations in Texas

1:45 pm U.S. ET | April 28, 2014
Toyota will consolidate its far-flung operations in the United States into a single campus in Plano, Texas, with a targeted move-in completion date of late 2017, the automaker said today. Following a week of rumor regarding the relocation of Toyota's sales and marketing operations based near Los Angeles came confirmation of a much larger-scale relocation of nearly all Toyota's processes and operations in the United States to the suburb north of Dallas....
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Marchionne's Fiat-Chrysler seen as success story by Italy's economy minister

April 25, 2014 15:13 CET
The restructuring of the Fiat-Chrysler group by Sergio Marchionne should be seen as a success story rather than a case of offshoring operations, Italian Economy Minister Pier Carlo Padoan told an Italian newspaper....
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Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

Canadian dealer buries a Jeep, hires an ambassador and puts on the Ritz

At Bay King Chrysler, Dodge, Jeep, Ram in Hamilton, Ontario, dealer Jamie Richter has put luxury-hotel touches in his new showroom. They include concierges who see to the needs of service customers. Mon., December 15
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