China National Tire & Rubber Company, a division of China National Chemical Corporation, is working to buy Italian tire maker Pirelli for $7.7 billion. Shareholders have accepted the offer, but it remains to be seen if the tender offer price of 15 euros per share will be enough.
French automaker and Italian motorcycle manufacturer partner for a unique take on the RCZ R, complete with racing livery, dropped suspension, bigger brakes, upgraded interior and 34-horsepower boost in output.
The Autodromo Nazionale Monza has been a mainstay of Formula One since its inception, but if it doesn't get the funding it needs, it could find itself in serious trouble - and lose the Italian Grand Prix in the process.
Some European struggle to accommodate their current traffic volumes. Often narrow, bumpy streets are downright ancient, and not exactly laid out with efficiency in mind. We've seen cities across the Old World take different approaches to addressing this issue – London instituted congestion charging, while Hamburg is actively working to ban cars by the mid 2030s. Milan, meanwhile, is taking an all-together different approach.
It seems that reports of Ferrari's relocation to London have been somewhat exaggerated. The past few days have seen more than a few stories on the legendary Italian brand's decision to move its tax base out of Italy, and now Fiat Chrysler is speaking out against the scuttlebutt.
Fiat ads in the US try to play up the exotic, sexy side of Italian culture. On the home front in Italy, however, passenger-vehicle sales are marked by something less edgy and quite a bit more practical: the growth of compressed-natural-gas (CNG) powered car sales.
After the return of James Bond's classic Aston Martin DB5 for some scenes in SkyFall, the spy with a license to kill is reportedly hopping into something much more mainstream for his next film. The upcoming Bond movie allegedly features a car chase through Rome in a Fiat 500, according to Sky News from info obtained by Italian news agency ANSA.
Italian supercars are the objects of lust of people from all walks of life all over the globe. Many of us are guilty of having unframed posters of classic Ferraris taped to our childhood walls (maybe even those of our adulthood), and nothing turns heads quite like a Lamborghini cruising down the block. But what about EV enthusiasts? Must our fantasies of shouting "arrivederci!" and racing off into the sunset in a sexy Italian supercar be tinged with the guilt of guzzled gasoline?
Going to most races means watching the action from behind a fence or from high up on grandstands, but rallying often gives spectators the chance to get closer to the competition than practically any other forms of motorsport. If people are willing to put themselves in danger, they're able to sit right at a corner exit and watch the cars hurtling toward them. However, the Jolly Rally al Colle San Carlo in Italy got a lot less jolly recently, when an out of control vehicle nearly struck a group of
Lamborghini made a big entrance with the Huracán LP 610-4, and now the Italian State Police can, too. The Sant'Agata automaker donated one to Giovanni Law to the replace the Gallardo the authorities have had in service for six years.
The previously reported (potential) demise of Italian coachbuilder Bertone has been confirmed, and the company has entered bankruptcy proceedings. The court has until the end of April to decide whether to shutter the business, which was founded in 1912, or find a buyer.
Three weeks ago an analyst increased projections for European car sales this year, expecting them to climb three percent compared to last year instead of 2.7 percent. That number is a postive sign after years of hard times but it turns out February was especially good, overall European sales climbing eight percent on a wave of southern European recovery and discounts - and this comes after five months of gains including January's 7.2-percent jump over the year before.
When in Rome, folks can start using Daimler's Car2go car-sharing service. The Mercedes-Benz parent says its car-sharing fleet of Smart Fortwo two-seaters will be available in the Italian capital starting mid-March. Upon the debut, about 300 cars will be available, with another 200 added by April. Lessons in Italian driving gestures will not be included.
Auto sales in Europe have taken a beating over the years, but as the global economy is on the ups, so too are sales in the Old World. According to a report from Automotive News Europe, 2014 sales are now forecasted to increase around three percent compared to 2013.
Enzo Ferrari was one of the 20th century's racing icons, and on the 116th birthday of its founder, Ferrari opened a lavish new wing of the Enzo Ferrari Museum in Modena, Italy. The new hall is shaped like the hood of a '50s Ferrari racer on the outside and contains a century's worth of the brand's history inside. Ferrari Chairman Luca di Montezemolo and Enzo's son, Piero Ferrari, dedicated the new building on February 18.
Lancia has been on the decline for decades. But those lingering fans of the marque will be disheartened to learn of what Sergio Marchionne plans to do with it next. Speaking with Italian newspaper La Repubblica, Marchionne indicated that the Lancia brand will be stripped down to one model, and even that will only be sold in Italy itself.
Now that Fiat has finalized a deal to purchase the outstanding shares of Chrysler owned by the United Auto Workers' VEBA retiree heathcare fund without having to file for an IPO, you can count the Italian automaker's stockholders among the happy. The Detroit News reports that Fiat stock closed Thursday with a 12-percent gain for the day on the Borsa Italiana, having been up by as much as 15.8 percent during the day's trading, at prices not seen since mid-2011. One trader reasoned the run was bec
Naturally, you'd expect a massive automaker like Fiat to have an in-depth plan to exit the current European-market doldrums, and you'd expect that plan to include plenty of new vehicles to attract those precious buyers that still remain despite the financial downturn. And you'd be right, though Fiat does seem to have a few unexpected twists up its corporate sleeve.