Latest in Tag: Chrysler Highlight

Latest in Tag: Chrysler


Fiat-Chrysler makes a killing from Ferrari IPO

After the US-Italian car giant brought a 10-percent stake of the legendary racing car brand to Wall Street last week, it has now announced gross proceeds of close to a billion dollars from the share issue. After closing the book on the Ferrari initial public offering (IPO) on Monday, Fiat-Chrysler Automobiles (FCA) said the sale …

Deutsche Welle

Fiat Chrysler to pay record fine for recall lapses

Italian-American automaker Fiat Chrysler has been ordered by US regulators to pay a record multimillion dollar penalty for lapses in safety recalls. The company will also buy back some defective vehicles. Fiat Chrysler will pay a $70-million (63.1-million-euro) fine to the US auto safety watchdog, the National Highway Traffic Safety Administration (NHTSA), and spend a further $20 million on "consumer…

Deutsche Welle

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