Fiat Chrysler is a “house of brands” and that ensures it will be one of the few traditional carmakers to survive the disruption the auto industry is facing from the rise of electric and self-driving cars, according to chief executive officer Mike Manley.
The number of profit warnings issued by British companies jumped to 75 in the third quarter, the biggest quarterly rise in almost six years as economic pressures weighed on retailers and support service companies, business services group EY has said writesand
German luxury car manufacturer Daimler has raised its forecasts, predicting a significant rise in operating profit this year after a surge in sales of Mercedes-Benz luxury cars and sports utility vehicles, boosted by the launch of new models.
Thousands of cars, including high-priced models, have been susceptible to car hacking due to a vulnerability in their immobiliser which was discovered in 2012 — but not publicised due to court action taken by Volkswagen.
Europe’s car-market recovery continued in March, with solid gains in the five biggest markets: Germany, Britain, France, Italy and Spain, as consumer confidence improved on the back of greater job security, lower energy prices and the EU’s money-printing stimulus programme.