Apple Inc.’s departing chief financial officer Peter Oppenheimer presided over a sales boom that filled company coffers with a record cash pile. His successor, Luca Maestri, inherits a company stung by slowing growth and increasing scrutiny of how it handles that hoard.
CNH Industrial NV, the commercial- vehicle producer spun off from carmaker Fiat SpA in 2011, said its Iveco unit halted production in Venezuela after a currency devaluation caused “difficulties” with importing parts.
General Motors Co., Ford Motor Co., Toyota Motor Corp., Nissan Motor Co. and Chrysler Group LLC topped analysts’ estimates for March car sales as an end to two months of blizzards brought buyers back to showrooms.
Fiat SpA Chief Executive Officer Sergio Marchionne said the Italian automaker will have the potential to boost annual deliveries as much as 55 percent to 7 million vehicles following the merger with Chrysler Group LLC.