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Fiat Chrysler Automobile plans to invest 4.5 billion dollars in the expansion of production capacity, implementing a plan for its reorganization, the implementation of which was launched by the former head of the American automaker, Sergio Marchionne, Dow Jones writes. These investments will be used to expand the manufacturing complex in Michigan. In Detroit, the company will spend $1,600 million to build a jeep off-road assembly plant, including a new model not yet in the market. The beginning of its construction is planned for the current year. The launch of the plant at the end of 2020 will bring 3,850 new jobs to the country. The company will invest $900 million in the modernization of another plant in Detroit, Jefferson North, which will create another 1,100 jobs. The remaining investments will be directed to the modernization of another 3 factories in Michigan, which are also planning to expand their staff.
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
The self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV (FCHA.MI) signed a partnership deal on Wednesday to fully develop self-driving cars, pickups, and SUVs. Waymo, an Alphabet Inc. (GOOGL.O) unit, and Fiat Chrysler said ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
Property data and analytics company CoreLogic Inc on Tuesday rejected another $7 billion buyout offer, seeing it inadequate after meeting with the two bidders, investment firms Cannae Holdings Inc and Senator Investment Group LP. Cannae ...
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