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FCA's slumping Maserati business is a headache for new CEO Mike Manley after the brand's profitability and vehicle sales went into a steep slide.
Lime, the scooter startup company that has spread bikes and scooters around the country over the last year, will start spreading around Lime-branded cars, too.
Waymo to offer driverless paid rides - report; Progress on import probe?; New boss for Maserati N.A.; CPO sales on rise; 192 days' worth of Fiats; Shaggy, Sting and the Spider.
Al Gardner, the head of FCA's dealer network in North America, will steer Maserati in the region. Gardner, 54, will report to Jean-Philippe Leloup, who joins Maserati from Ferrari.
Fiat Chrysler's board is being urged by a small investor to consider selling its European business and eventually spinning off the Maserati and Alfa brands to focus on more profitable U.S. brands.
Fiat Chrysler has agreed to sell its car-parts unit, Magneti Marelli, to KKR & Co.’s Calsonic Kansei in a deal valued at up to $7.1 billion, Bloomberg reported.
Maserati wants to grow its business in North America and believes electric vehicles are the way to make it happen.
The struggling Fiat brand will get fresh product in the next several years, though it is likely to lose two of its slowest-selling models.
The Giulia and Stelvio will be joined by small and large crossovers, a sports coupe and a midengine supercar.
FCA US sales rose 10 percent in August to193,718 vehicles, powered by record sales for the Ram 1500 and Jeep Wrangler.
In July, Alfa Romeo outsold Jaguar, gaining ground on its luxury competitor.
Maserati will rebound after plunging China sales almost wiped out the luxury brand's profit in the last quarter, new Fiat Chrysler CEO Mike Manley said.
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