Fiat Chrysler Automobiles announced Wednesday it will spin off sports car maker Ferrari into a separate company, a move to unlock the luxury brand's value and distinguish it from its mass-market parent.
The spinoff aims to raise money to support the newly merged carmaker's plans to invest 48 billion euros ($61 billion) over five years to compete with global giants Toyota and Volkswagen. Shares in Fiat Chrysler soared on the news.
Source: https://autos.yahoo.com
Italian brakes maker Brembo will build a new foundry in Michigan to expand its manufacturi...
How has Italy influenced the world of Jewelry? Join us for a special lecture on the a...
Miami-born and Italy-raised, jewelry designer and accomplished equestrian Lucrezia Buccell...
Iconic Italian design brand Alessi is celebrating its centennial with an exhibition titled...
RAMParts Presents, in partnership with Exhibition on Screen, brings the 90-minute feature...
NYC tile and surfaces showroom STUDIUM will be offering "Ducale" by KREOO (USA), a luxury...
Everyone in Italy has felt the effects of the Covid-19 pandemic. For Adam Rugnetta, an Am...
Watch for actress/playwright Candice Guardino's "Italian Bred" at the famed Paramount Thea...