EU demands Starbucks, Fiat pay back millions in tax breaks

EU demands Starbucks, Fiat pay back millions in tax breaks

The European Union is demanding that US coffee chain Starbucks and carmaker Fiat repay up to 30 million euros (USD 34 million) each in tax breaks they received from EU nations, in a major ruling to cut down on sweet tax deals multinationals often shop for.

US auto safety regulators fine Fiat Chrysler record $105 mn

Fiat Chrysler also agreed to submit to an independent monitor`s audit of its recall performance over a three-year period.

Fiat Chrysler sets bonus scheme for Italian workers

FCA said in an announcement released late Thursday the scheme will pay bonuses to autoworkers tied to "productivity, quality and profitability targets established in the 2015-2018 business plan." 

Chrysler says it will speed up recall repairs for Jeep SUVs

Chrysler is a unit of Fiat Chrysler Automobiles. Marchionne is chairman and CEO of Chrysler Group as well as CEO of Fiat Chrysler.

FIAT launches Avventura at Rs 6.12 lakh in Tamil Nadu

FIAT currently has 125 exclusive dealerships across the country.

Fiat to set up manufacturing plant in India; to make SUVs under Jeep brand

The paper further said that the production under the project will begin by the end of 2016.

Ferrari F1 team starts new era without Luca di Montezemolo

Ferrari F1 team starts new era without Luca di Montezemolo

Luca di Montezemolo`s resignation as Ferrari chairman on Wednesday severs an historic link with the company`s late founder Enzo and marks the end of an era for Formula One`s most successful and glamorous team.

Ousted Ferrari head takes his bow, company to `remain Italian`

Ousted Ferrari head takes his bow, company to `remain Italian`

Ferrari, a byword for flashy sports cars, hit rough ground Wednesday with the shock announcement that its president of 23 years, Luca Cordero di Montezemolo, has been pushed out.

Luca di Montezemolo to step down as Ferrari president

Luca di Montezemolo to step down as Ferrari president

Long serving Ferrari president, Luca Cordero di Montezemolo has announced that he will leave the Formula One team next month. The 67-year-old was under pressure to quit from Sergio Marchionne, the chief executive of parent company Fiat.

Ferrari head Montezemolo leaves top job

The top job at Ferrari, a high-profile name in Formula One car racing, will be taken over by the head of parent group Fiat, Sergio Marchionne, Fiat said in a statement.

FIAT reschedules launch of 'JEEP' to 2015

Fiat Group Automobiles India, subsidiary of Fiat Chrysler Automobiles, retails Punto Evo, Linea models.

Fiat launches compact car Punto Evo priced at Rs 4.55 lakh

The model will take on the likes of Maruti Suzuki's Swift, Hyundai i20 and Honda Brio, which are priced between Rs 3.99 lakh and Rs 7.76 lakh.

Fiat gets green light for global reorganisation

Fiat shareholders today approved the reorganisation of the Italian carmaker's business that will see its headquarters move to the Netherlands before it launches on Wall Street later this year.

VW eyes Fiat takeover: Report

The families controlling German auto giant Volkswagen and the Italian-US rival Fiat Chrysler are sounding out the possibility of a merger, the weekly Manager Magazin reported today.

EU investigates tax rulings on Apple, Starbucks, Fiat unit

The European Commission raised pressure on Ireland, the Netherlands and Luxembourg over their corporate tax practices, saying it was investigating deals the countries have cut with Apple, Starbucks and Fiat.

Fiat says to launch new B-class model

Italian auto giant Fiat plans to invest 563 million euros (USD 771 million) in a new B-class model at two Polish plants, the government in Warsaw said on Tuesday.

Fiat's UK-style revival plan faces Italian hurdles

CEO Sergio Marchionne will be hoping the similarities don`t end there as he orders up sporty new Alfa Romeos and sleek Maseratis in a bid to repeat in Italy what British brands like Mini and Jaguar have since achieved under foreign ownership.

Fiat to assemble Abarth 500 in India; compete with Mini, Beetle

The 160 HP super hatchback will slog it out with the likes of Volkswagen's Beetle and BMWs Mini Cooper in the niche luxury compact car segment in Indian auto market.

Fiat strikes deal for full merger with Chrysler

Fiat said it expected the deal to be wrapped up by January 20, completing a process that began in 2009.

Fiat launches Linea Classic; price starts Rs 5.99 lakh

'Linea Classic' will be available with two engine options of 1.4 litre (Fire) petrol and 1.3 litre mulijet diesel engine. The diesel version of Linea Classic will have a price starting at Rs 6.95 lakh and Line Classic+ at Rs 7.50 lakh (ex-showroom Delhi).