Author: Automotive News Feed
-
Fiat Chrysler sees New York stock market debut on Oct. 13
Fiat Chrysler Automobiles aims to list shares in the newly merged carmaker in New York on Oct. 13, CEO Sergio Marchionne said, adding that a decision on any capital increase would be made at the end of that month.
-
AvtoVAZ mulls in-house parts production to halt monopolies, graft
AvtoVAZ, the Russian carmaker controlled by Renault-Nissan, may bring some parts production in-house to gain more competitive pricing and stamp out corruption in its local supply chain.
-
China watchdog probes another exec at FAW Group, VW’s China partner
China’s anti-graft watchdog is investigating for corruption a former senior executive at FAW Group, the latest target in a widening probe against the company. FAW has a joint venture with Volkswagen.
-
Great Wall breaks ground for Russian plant
China’s Great Wall has started construction of a 3.2 billion yuan ($520.7 million) assembly plant this week in Russia. The factory will be the first full-scale assembly plant run by a Chinese automaker in Russia.