Fiat SpA plans to begin making Jeep sport utility vehicles in China, the largest market for the brand outside the U.S., by late 2015 after reaching an agreement with local partner Guangzhou Automobile Group Co.
European car sales advanced a seventh consecutive month as new models to replace aging vehicles and an economic rebound in the U.K. boosted demand at Renault SA, Ford Motor Co. and PSA Peugeot Citroen.
Maserati will probably increase production and add the Alfieri sports car to its lineup after advance sales at the upscale Italian brand have almost tripled over 2013’s deliveries, people familiar with the matter said.
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.