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New car sales in Europe plummet 74 per cent
News
25th May 2020
2 min read

New car sales in Europe plummet 74 per cent

New car sales in Europe have dropped 74 per cent since January, the decline attributed to the COVID-19 pandemic. Just 292,180 new cars were sold across the 27 European member states – plus the United Kingdom, Ireland, Norway and Switzerland – in April 2020, according to data from the European Automobile Manufacturers Association. That’s a 74.8 per cent decrease (or 842,940 sales) against the 1,135,120 new car registrations recorded in January 2020.
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Rob Margeit
Fiat Chrysler planning to make electric cars with iPhone manufacturer
News
16th Jan 2020
1 min read

Fiat Chrysler planning to make electric cars with iPhone manufacturer

Foxconn, the contract electronics manufacturer most closely associated with the Apple iPhone, has confirmed in a filing with authorities it is planning to start a car-making joint venture with Fiat Chrysler (FCA). In the documents discovered by Bloomberg, the two companies are looking to setup a 50/50 joint venture to manufacture electric vehicles. Initially, EVs made by this new pairing will be targeted at the Chinese market, but exports may be considered further down the track.
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Derek Fung
Fiat Chrysler and PSA Group sign binding merger agreement to form $67 billion company
News
18th Dec 2019
3 min read

Fiat Chrysler and PSA Group sign binding merger agreement to form $67 billion company

Fiat Chrysler (FCA) and the PSA Group have signed a definitive merger agreement. The two companies say they will, in time, generate two-thirds of its sales from just two platforms: one for compact cars, and one for compact and mid-size models. Each platform is expected to generate around three million sales per year globally.
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Derek Fung