Sergio Marchionne is hinting that a hostile takeover attempt could be in the cards to get GM at least to consider a merger with FCA. He believes the combined companies could have earnings of $30 billion annually.
Sergio Marchionne sees cooperation with the UAW as a key to a future merger with General Motors. In the deal, Marchionne could potentially take advantage of the 8.7 percent of GM stock that's owned by the union's health care trust.
Ferrari has filed the necessary paperwork with the Securities and Exchange Commission to launch the company's IPO later in the year. The documents don't set a specific timeframe for the offering or price for the shares.
The 2011-2015 Dodge Journey and Fiat Freemont are covered under a recall to secure their engine covers from getting loose. The campaign covers 349,731 of the crossovers worldwide. The loose parts under the hood can be a fire hazard if they get too hot.