While car design relies on digital imaging, virtual reality and 3D modeling, most designers and decision-makers want physical models, meaning handcrafted clay cars will not disappear anytime soon.

Davide Grasso, former CEO of Nike's Converse sports shoe company, has been tasked with reviving Maserati's flagging sales as chief operating officer.

Fiat Chrysler's generous payouts to shareholders put a question mark over how much-needed future investments for a combined FCA-Renault will be financed.

In his disclosure, Fiat Chrysler CEO Mike Manley declared selling 250,000 shares at an average price of $13.85 for a total value of $3.5 million.

The 986-hp car is powered by a turbocharged gasoline engine that delivers 769 hp, the highest performance ever achieved by an eight-cylinder unit in Ferrari's history. The remaining 217 hp is supplied by three electric motors, one at the rear and two on the front axle.

For some years now, FCA Chairman John Elkann has been looking for a deal that will secure the future of the automaker founded by his grandfather Gianni Agnelli

VW's long lead time for the ID3 will be used to learn from customers why they want to buy the car and how VW can improve its marketing to prepare the "right product for the right people at the right time," a VW executive said.

Rimac was founded in 2009 by Mate Rimac and employs 500 people making components and developing its own electric sports car. Porsche bought a 10 percent stake last year.

The $2 billion to be spent by FCA in fines and credit purchases over three years compares with $10 billion that it plans to invest in EVs within the 2018-22 business plan.

An unusual clause provides for up to $90 million in shares for the family of the former Fiat Chrysler CEO.

Mazda is banking on design and driving dynamics to give the CX-30 an advantage over rivals in the booming compact crossover segment.

Kia's first four-door electric concept approaches electrification from an "emotional point of view" and points to design elements for the automaker's future EVs.

Production of the Renegade plug-in hybrid will start before the end of 2019, while the Compass will follow in early 2020.

Alfa Romeo's Tonale concept previews a future compact crossover positioned below the Stelvio with a plug-in hybrid powertrain.

Richard Palmer will join the automaker's board of directors as one of three executive members along with Chairman John Elkann and CEO Mike Manley.