If you want an ‘extremely black’ luxury car, Maserati has you covered (FCAU)

Maserati On Wednesday, Maserati unveiled a new option for buyers of its Ghibli sedan: the “Nerissimo Edition,” which translates as “extremely back.” Only 450 of this Ghibli version will be sold, the automaker said.  “The Nerissimo will be available as Ghibli, Ghibli S and Ghibli S Q4, and will include Glossy Black finish 20-inch Urano […]

LIVE: US auto sales (FCAU, GM, F, NSANY)

Mike Cassese/Reuters Automakers will report their US sales results for February throughout Wednesday. Analysts estimate that total vehicle sales rose at a seasonally adjusted annual rate of 17.7 million, according to Bloomberg.  Sales fell in January after another record year for automakers. But that did not immediately signal an end to the industry’s boom, Business Insider’s […]

Billionaire Chase Coleman’s Tiger Global made a nearly $500 million bet on Fiat (FCAU)

Business Insider/ Mike Nudelman Billionaire Chase Coleman’s Tiger Global made a big bet on Fiat Chrysler last quarter. The $ 20 billion investment firm took a new position in Fiat valued at $ 481 million in the final three months of the year, according to Bloomberg’s analysis of a regulatory filing on February 14. It was the fund’s biggest […]

Why Trump’s plan to tax cars built in Mexico is un-American (F, GM, FCAU)

Matthew DeBord/BI President Donald Trump has espoused an “America first” manufacturing policy and pushed it hard on the US auto industry. Both Ford and General Motors have endured attacks from Trump about their operations in Mexico, where automakers from around the world have established factories to export vehicles to both the US and other markets. […]