Sell-out of Aston Martin and Red Bull “hypercar”

Aston Martin and Red Bull claim that all 150 road-going versions of the duo’s “ultimate hypercar”, the AM-RB 001, have been sold, together with a further 25 track-only models.

Rolls-Royce goes four-wheel-drive at last

Is Rolls-Royce the last major automaker to adopt four-wheel drive? Certainly, aficionados of the marque will not have long to wait with 2018 as the launch date for the Cullinan with a price tag of circa £300,000.

Ford lifts the veil on 2016 GT supercar

Ford Motor Company has unveiled the edgy GT supercar the automaker plans to build next year.

FCA: now the real journey begins

Trading has begun in the shares of Fiat Chrysler Automobiles which are listed on the New York Stock Exchange under the stock ticker symbol “FCAU”.

The shares opened on 14 October at a price of $9. The price rose briefly before ending the day at $8.92. Considering the Dow Jones industrial average dropped 222 points late in the day, this was no mean achievement. The stock also trades on an exchange in Milan, Italy.

Flat trading for Fiat

Fiat Group achieved revenues of €19.8 billion on the back of worldwide shipments of more than 1 million vehicles. Group revenues were 2 per cent lower in nominal terms but flat over the prior year at constant exchange rates.

Trading profit came in at €618 million – this compares with €806 million for Q1 2012. Net industrial debt increased to €7.1 billion (from €6.5 billion at year-end 2012) due to seasonal cash absorption for Fiat, but excluding Chrysler. It was partially offset by cash generation for Chrysler. Liquidity was strong at over €21 billion.

The U.S. vehicle market closed Q1 2013 up 6% to 3.75 million vehicles. The Group's overall market share rose to 11.4%. Jeep vehicle sales totalled 101,000 for the quarter, down 12% year-over-year, primarily due to the phase-out of the Jeep Liberty, pending the production launch of the all-new 2014 Jeep Cherokee in Q2 2013, and a 12% decline for the Grand Cherokee attributable to changeover to the new 2014 model.