FCA CEO Mike Manley could receive nearly $63 million and CFO Richard Palmer $20 million after the merger with PSA closes, provided they remain at Stellantis and meet certain conditions, according to a shareholders' prospectus.

Marelli will start production in a former Ford plant in Cologne, near to where the automaker is planning to build a family of mass-market EVs based on VW Group's MEB platform.

PSA shareholders’ 6-to-5 advantage on the new board won’t change soon, as members will serve an initial term of office of at least four years; PSA CEO Carlos Tavares will be appointed for a five-year term as Stellantis CEO.

The SF90 Stradale Spider is Ferrari's first production plug-in hybrid convertible.

John Elkann, head of Fiat Chrysler parent Exor, will be Stellantis chairman, with Robert Peugeot as vice chairman. PSA CEO Carlos Tavares will be a board member.

Maserati says the 621-hp, mid-engine MC20 has a better power-to-weight ratio than competitors from Ferrari and Lamborghini. The coupe variant will be built first, followed by a convertible and a full-electric derivative.

The SF90 Stradale plug-in hybrid was supposed to reach buyers in the first half of 2020, but supply chain issues have pushed that to the fourth quarter. The delay forced Ferrari to downgrade its revenue forecast.

Maserati chose to give the Ghibli a mild hybrid drivetrain rather than a plug-in system because it did not want to jeopardize the sedan's performance.

Michael Cole’s vacated position at Kia Motors America will not be filled. Sean Yoon, president and CEO of Kia Motors North America, will assume Cole's U.S. duties, Kia said in a statement Friday.

The EU's competition authorities are said to be scrutinizing PSA's and Fiat Chrysler's European van market share ahead of their pending merger. The automakers have been collaborating on vans for decades.

The issue will improve Ferrari’s liquidity to about $2.2 billion. The supercar maker has fared better than others during the coronavirus crisis.

Fiat Chrysler shares received by the heirs of the automaker's late CEO Sergio Marchionne were worth about $9 million more than the compensation package for current FCA CEO Mike Manley.

The brand, which pulled out of China in 2015 after a brief run using European imports, planned to develop a small electric vehicle, with sales possibly starting by 2022. But the EV market has become much more competitive as government incentives are reduced, hurting demand and profitability.

European sales of the compact hatchback, introduced in 2010, fell to 15,000 last year. It will be replaced in Alfa Romeo's lineup by the Tonale compact crossover.

Tesla registrations increased in Italy and France in March even as those markets fell sharply overall, and sales were also strong in the UK and Germany. The automaker is promoting "touchless delivery" to minimize the risk of coronavirus infection.