Peugeot turns a profit under its new ownership
Former head of Jeep, Mike Manley, takes the reigns at Fiat Chrysler following the sudden deterioration of long-time CEO’s health
It’s reported Markus Duesmann will head VW’s Audi business. Audi CEO Rupert Stadler was arrested last month in an investigation of suspected fraud
Quarterly economic growth could be down from the anticipated level
Questions have been raised about Tesla’s cash position
The automaker has been burning cash at a rate of about US$1 billion a quarter
Sergio Marchionne was to step down next year, but the transition was accelerated when health issues kept the FCA boss from returning to work. The board on July 21 named long-time Jeep executive Mike Manley as the new CEO
Sales were up in eight provinces, with construction materials showing strength
Kirsten Hillman, Canada’s deputy ambassador to the U.S., said the federal government will strike back against auto tariffs as it did against Trump’s steel and aluminum levies
In 2017, only 52 per cent of vehicles sold in the U.S. were manufactured domestically
