Peugeot shareholders say yes to merger with Fiat Chrysler
The new company is called Stellantis and is the world's 4th-largest automaker. Enlarge (credit: Rafael Henrique/SOPA Images/LightRocket via Getty Images) For the past few years, Fiat Chrysler Automobiles has been looking to get married. After.....»»
Houston dealership, police take on fraud
Helfman CDJR-Fiat lost about six vehicles, representing about $300,000, each year to customer I.D. fraud before General Manager Steven Wolf and his staff started working with the Houston Police Department to fight these crimes......»»
This peculiar galaxy has two supermassive black holes at its heart
A recent image taken by the Gemini South observatory shows the chaotic result of a merger between two spiral galaxies one billion years ago......»»
James Webb observes merging stars creating heavy elements
The James Webb Space Telescope has detected heavy elements being created in a star merger for the first time......»»
Pendragon shareholders approve Lithia"s $481M acquisition
Pendragon shareholders overwhelmingly approved the $481 million offer from Lithia Motors to buy the major United Kingdom retailer, Pendragon said Wednesday......»»
Lithia"s $481M purchase of Pendragon approved by shareholders
Pendragon shareholders overwhelmingly approved the $481 million offer from Lithia Motors to buy the major United Kingdom retailer, Pendragon said Wednesday......»»
Stellantis drops out of LA Auto Show, SEMA expo due to UAW strike
The company had planned to reveal the North American Fiat 500e electric car in Los Angeles. It's usually a major exhibitor in the SEMA show and won numerous awards last year......»»
New report reveals BP and Shell divestment by small investors offset by mega-shareholder buys
Any divestment from BP and Shell by investors is cancelled out by the top 20 mega-shareholders' acquisition of shares according to new report from the Center for Climate Crime and Climate Justice at Queen Mary University of London.....»»
Stellantis to base "around" 7 models on a fifth, low-cost platform
The Smart Car platform that underpins the Citroen e-C3 will help other Stellantis brands such as Fiat and Opel launch models to compete with low cost Chinese imports......»»
Stellantis pulls out of CES tech expo, citing UAW strike, cost savings
Stellantis has used the world's largest technology show to unveil EV concepts such as the Ram 1500 Revolution pickup and Chrysler Airflow crossover......»»
Microsoft completes $69B Activision Blizzard deal, its biggest merger ever
Activision CEO Bobby Kotick can now look forward to his next $375M chapter. Enlarge / The crucial part, you see, is You. (credit: Microsoft / Activision Blizzard) It has been a long road since January 2022 when Microsoft.....»»
Lithia Motors looks closer to Pendragon acquisition
Lithia Motors' increased offer to acquire the dealership and fleet businesses of Pendragon could bring more long-term value to shareholders of the large U.K. auto retailer vs. a rival auto retailer's preliminary proposal, one analyst said......»»
Why Detroit 3 automakers" EV futures ride on UAW deal
The deals that Ford Motor Co., General Motors and Chrysler parent Stellantis eventually make with the union will go a long way toward determining their electric futures, according to industry experts......»»
Ethical shareholders advocate for environmental change even when it hits their wallets, study suggests
Ethical shareholders in United States firms—who are increasingly pushing for climate change—are willing to accept lower returns on their investments if it means companies change their practices to favor the environment, researchers suggest......»»
Investigating the evolution of a double oxygen-neon white dwarf merger remnant
A research group led by assistant professor Wu Chengyuan from Yunnan Observatories of the Chinese Academy of Sciences has investigated the evolution of post-merger remnant resulting from the coalescence of double oxygen-neon white dwarfs. They have f.....»»
Bob Lutz joins board of lightweight wheel supplier Carbon Revolution
Australian carbon-fiber wheel maker Carbon Revolution named former GM Vice Chairman Bob Lutz and other veteran U.S. auto executives to its board, pending the completion of its upcoming SPAC merger......»»
MileOne Autogroup sells 7 Virginia dealerships to Atlantic Coast Automotive
The stores trading hands between MileOne Autogroup and Atlantic Coast Automotive Group sell Chrysler, Dodge, Jeep, Ram, Chevrolet, Nissan, Hyundai, Acura and Ford brands and are in the Virginia cities of Chesapeake and Newport News......»»
France"s revised subsidies for EVs pose existential threat to its brands in China
Renault, Peugeot and Citroen have significantly scaled down their local operations in recent years. The revised subsidy policy the French government released for electric vehicles this week, coupled with the anti-subsidy probe of China-made EVs the.....»»
UAW demands would make Detroit 3 uncompetitive, ex-car czar Rattner says
Steven Rattner, who negotiated concessions with the UAW to help keep General Motors and Chrysler afloat in 2009, says union workers deserve significant raises but can't make the automakers uncompetitive......»»
Stellantis finally reveals its upcoming EV lineup
Ram's electric pickup is due out in late 2024, and Alfa Romeo and Chrysler plan to drop all internal combustion engines in the years ahead......»»
TIMELINE: A look at UAW-Detroit 3 negotiations and the looming union strike threat
The escalation comes as negotiations over a new deal, which began in July, between the union and Ford, GM and Chrysler parent Stellantis have yet to result in an agreement......»»