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Today: March 28, 2025
Today: March 28, 2025
Giulio Piovaccari

Giulio Piovaccari

Staff Writer

Latest From Giulio Piovaccari

Asia|Business|Economy|Europe

Italian and Chinese shareholders in Pirelli clash over governance

Chinese and Italian shareholders in Pirelli are at odds over the group's governance, two sources said, with the Chinese investor potentially a hurdle for the

Italian and Chinese shareholders in Pirelli clash over governance
Business|Economy|Europe

Europe's carmakers should steer clear of defence industry, Stellantis' Elkann says

The chairman of Stellantis said on Wednesday that Europe's automotive industry does not need to convert to defence production, while confirming

Europe's carmakers should steer clear of defence industry, Stellantis' Elkann says
Asia|Business|Economy|Europe|Technology

BYD considers Germany for third plant in Europe

Chinese electric vehicle giant BYD is considering Germany for a possible third assembly plant in Europe, a source familiar with the matter told Reuters, after

BYD considers Germany for third plant in Europe
Americas|Business|Economy|Political|US

European auto stocks jump on Trump tariff pause as Stellantis pledges 'more American cars'

European automakers' shares jumped on Thursday after U.S.

European auto stocks jump on Trump tariff pause as Stellantis pledges 'more American cars'
Business|Europe|Finance|Stock Markets

Agnellis cut Ferrari stake to raise 3 billion euros for new deals

Italy's Agnelli family cut its controlling stake in Ferrari by around 4%, raising about 3 billion euros ($3.14 billion) to fund potential new M&A deals, its

Agnellis cut Ferrari stake to raise 3 billion euros for new deals
Business|Economy|Europe|Finance|Stock Markets

Stellantis sees revenue growth, positive cash in 2025 after critical 2024

Automaker Stellantis said on Wednesday it would return to revenue growth and positive cash generation in 2025 as it scrambles to recover from a crisis which engulfed its U.S.

Stellantis sees revenue growth, positive cash in 2025 after critical 2024
Business|Economy|Europe

Stellantis faces brands dilemma as it searches for new CEO

As Stellantis chairman John Elkann interviews CEO candidates, deciding how many of the automaker's 14 brands have a viable future is a significant priority.

Stellantis faces brands dilemma as it searches for new CEO
Business|Economy|Europe|Stock Markets

Ferrari plans electric car debut in Italy this October

Ferrari is preparing the landmark launch of its first fully electric car in October, the luxury sports car maker said on Tuesday, while targeting

Ferrari plans electric car debut in Italy this October
Business|Europe|Technology

Ford, Hyundai turn to Italian casting machine maker IDRA

Idra, an Italian aluminium casting machine maker and Tesla supplier, has added Ford, Hyundai and a European company to its customer base as more

Ford, Hyundai turn to Italian casting machine maker IDRA
Business|Europe|Finance|Technology|US

Ferrari to accept crypto as payment for its cars in the US

Ferrari has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme to Europe following requests from its

Ferrari to accept crypto as payment for its cars in the US
Business|Europe|Technology

Stellantis aims to rival Ford in commercial vehicles with sales growth

Automaker Stellantis aims to increase sales of its light commercial vehicles (LCV) by 25% through 2027 to catch up with global market leader Ford, the

Stellantis aims to rival Ford in commercial vehicles with sales growth
Business|Europe|Technology

Stellantis, CATL plan factory in Europe to make cheaper EV batteries

Stellantis plans to build an electric vehicle (EV) battery plant with China's CATL in Europe, its fourth one in the region, as the European carmaker seeks to

Stellantis, CATL plan factory in Europe to make cheaper EV batteries
Business|Europe

Amid Rome spat, Stellantis CEO says Italy plants have a future

Stellantis CEO Carlos Tavares said on Thursday the carmaker will need all of its Italian factories to hit its long-term production goal there, in conciliatory

Amid Rome spat, Stellantis CEO says Italy plants have a future
Business|Lifestyle|News|Technology|US

Ferrari is sued by US drivers over brake defect

Ferrari has been sued in the United States by drivers who said the Italian luxury sports car maker has failed to fix vehicles at risk of a partial

Ferrari is sued by US drivers over brake defect
Business|Technology

Tesla retreats from next-generation ‘gigacasting’ manufacturing process

Tesla has backed away from an ambitious plan for innovations in gigacasting, its pioneering manufacturing process, according to two

Tesla retreats from next-generation ‘gigacasting’ manufacturing process
Business|Economy|Finance|Lifestyle|Technology

Ferrari shares decline as it sticks to full-year forecasts

Ferrari's core earnings rose 13% in the first quarter helped by sales of models such as the 2 million-euro ($2.2 million) Daytona SP3 limited-series luxury car

Ferrari shares decline as it sticks to full-year forecasts
Asia|Business|Economy|Europe

How China's EV makers aim to beat Tesla, legacy automakers in Europe

Starting in the 1980s, European automakers steadily conquered China, racking up millions in sales with little local competition.

How China's EV makers aim to beat Tesla, legacy automakers in Europe
Business|Economy|Europe|Technology

European nations compete for Chinese EV factories, jobs even as EU weighs tariffs

European governments may be wary of budget Chinese electric vehicles flooding their markets but they're also fiercely competing for a share of the manufacturing

European nations compete for Chinese EV factories, jobs even as EU weighs tariffs
Business|Finance|Technology

Ferrari's first electric car to cost over $500,000, source says

Ferrari's first electric car will cost at least 500,000 euros ($535,000), a source familiar with the matter told Reuters, as the luxury automaker prepares to

Ferrari's first electric car to cost over $500,000, source says
Business|Finance|US

Stellantis ready to axe brands and fix US problems, CEO says

Stellantis is taking steps to fix weak margins and high inventory at its U.S. operations and will not hesitate to axe

Stellantis ready to axe brands and fix US problems, CEO says
Business|Technology|US

Stellantis CEO visits US to create plan to reverse lagging profit, sources say

Stellantis CEO Carlos Tavares has started a three-day visit in Detroit, where he will seek to develop a strategy to fix the

Stellantis CEO visits US to create plan to reverse lagging profit, sources say
Business|Finance|Stock Markets

Stellantis begins search for new CEO, lays out plan to improve US business

Stellantis is searching for CEO Carlos Tavares' successor, the company said Monday, after the Chrysler parent laid out a plan to

Stellantis begins search for new CEO, lays out plan to improve US business
News|Technology

OpenAI CEO denies exec departures linked to restructuring

Sam Altman denied on Thursday that there was any link between the departure of three senior OpenAI executives and a planned

OpenAI CEO denies exec departures linked to restructuring
Business|Europe

Stellantis' top level shake-up fails to stem share slide

Shares in French-Italian automaker Stellantis resumed their decline on Friday after the carmaker said CEO Carlos Tavares would retire in 2026 and announced

Stellantis' top level shake-up fails to stem share slide
Business|Economy|Finance|Stock Markets

Stellantis revenue slides as automaker cuts bloated inventories

Reduced shipments and lower pricing power slashed Stellantis revenue by 27% in the third quarter, the automaker said as it seeks to fix

Stellantis revenue slides as automaker cuts bloated inventories

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