Fiat SpA, the Italian carmaker that controls Chrysler Group LLC, said it has enough resources already to buy the remaining stake in the unit from an employee group, and won’t sell new shares to finance a transaction.
Volvo AB, the world’s second-largest truckmaker, said U.S. and European commercial-vehicle markets will probably recover this year as global economic growth rebounds. The shares rose the most in almost five months.
Former Porsche SE Chief Executive Officer Wendelin Wiedeking and ex-Chief Financial Officer Holger Haerter were charged with market manipulation over the use of options in a failed bid to take over Volkswagen AG.
Volkswagen AG, Europe’s biggest carmaker, rose to a two-decade high for a second consecutive day as investment plans by its Audi luxury brand underpinned the company’s push to take the top spot in the auto industry.