18 Articles
Sep 15, 2020 Official
Fiat Chrysler shares get a boost after revised Stellantis merger deal with PSA

The merger is now expected to be completed in the first quarter of 2021

Shares in Fiat Chrysler (FCA) rose sharply in Milan on Tuesday after the car maker and French partner PSA revised the terms of their merger deal, with FCA's shareholders getting a smaller cash payout but a stake in another business. FCA and PSA, which last year agreed to merge to give birth to Stellantis, the world's fourth largest car manufacturer, said late on Monday they had amended the accord to conserve cash and better face the COVID-19 challenge to the auto sector. Milan-listed shares in

Reuters
Sep 15, 2020 Official
Japan begins trial of Nissan ex-executive Greg Kelly over Carlos Ghosn's pay

'I deny the allegations. I was not involved in a criminal conspiracy'

The financial misconduct trial of former Nissan executive Greg Kelly began Tuesday with Kelly saying he committed no crimes and was only trying to keep his star boss Carlos Ghosn from leaving. The charges being heard at Tokyo District Court center around Kelly’s alleged role in failing to report to Japanese authorities the future compensation of Ghosn, who led Nissan Motor Co. for two decades. Japanese prosecutors outlined allegations of what they said was a complex and clandestine scheme to p

Associated Press
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