Fiat SpA Chief Executive Officer Sergio Marchionne set a target two and a half years ago to sell 6 million cars annually by 2014, a goal that analysts and industry observers at the time deemed impossible to achieve. They were right.
Volkswagen AG is due to report its biggest quarterly earnings drop since 2009, while Daimler AG is cutting costs to lift sagging profit at Mercedes-Benz, hinting that German carmakers have lost their immunity to Europe’s economic woes.
The U.S. Supreme Court, in a ruling that will mean new limits on class-action suits, ruled that Wal- Mart Stores Inc. can’t be sued for discrimination on behalf of potentially a million female workers.
Chrysler Group LLC, the U.S. automaker operated by Fiat SpA , reported an $84 million third- quarter loss that was smaller than analysts estimated as U.S. sales improved faster than for its American rivals.
European stocks fell for a third day as data from Japan to Germany added to evidence that global growth is slowing while speculation cooled that Federal Reserve Chairman Ben S. Bernanke will announce more stimulus.
Barclays Plc, Bank of America Corp.’s Merrill Lynch and Morgan Stanley can’t use New York law to block Theflyonthewall.com, an online financial news service, from issuing immediate reports about changes in their stock ratings, a federal appeals court ruled.
Chrysler Group LLC, the U.S. automaker operated by Fiat SpA , reported a $199 million fourth- quarter net loss that was its largest of the year as the company shipped fewer vehicles while introducing new models.