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FIATY.PK Market Currents
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Wednesday 6:47 AM Mazda (MZDAF.PK) and Fiat (FIATY.PK) join forces for the first time with plans to develop a lightweight sports car and explore strategic opportunities in Europe. The linkup between the two automakers leaves Ford (F) with one less partner as a longstanding relationship with Mazda peters out.
1 Comment[Consumer, Global & FX]
- Monday 11:25 AM Amidst slow sales and mass overcapacity, no European automaker wants to be the first to shut a plant. Unlike in the U.S., EU automakers were under no pressure to restructure in exchange for bailout money. Four years later, all but the luxury brands are under pressure, with 30% rebates in Germany and Italy an all-time high. GM has lost money in Europe for 12 consecutive years. [Global & FX]
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Thu, Apr 26
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