#IVECO

Production

Nikola's Stock Soars After NASDAQ Listing

Startup begins taking orders for fuel cell-electric pickup truck

Business

Comau to Spin Off from FCA Next Spring

Deal comes as FCA and PSA tune the terms of their proposed merger

Business

CNH Invests $250 Million in Nikola

Industrial vehicle producer CNH Industrial NV is investing $250 million in Nikola Motor Co. and forming a joint venture to help launch the startup company’s fuel cell and electric trucks in Europe.

Business

CNH Industrial to Split in Two

Industrial vehicle producer CNH Industrial NV plans to split in two next year in a bid to hike value.

Australia’s Bolwell Plans Lightweight Supercar

Australia’s Bolwell Corp. is developing a new supercar to unveil at the Motorclassica classic car in Melbourne this autumn.

Wheel Suspension Startup Adds Investors

Israeli startup SoftWheel Ltd., which is developing a wheel system with an integrated suspension, says Mitsubishi Corp. has made an unspecified investment in its latest round of funding.

FCA to Name Gorlier as Head of European Operations?

Fiat Chrysler Automobiles NV is close to naming Pietro Gorlier to head its operations in Europe, sources tell Bloomberg News.

Legal

European Truckmakers Face €100 Billion Claim for Price Fixing

Five of Europe’s largest commercial truckmakers could face a combined claim for as much as €100 billion ($108 billion) in damages for fixing prices over a 14-year period.

Legal

EU Fines Commercial Truckmakers €2.9 Billion for Price Fixing

Five commercial truckmakers have agreed to pay a combined €2.9 billion ($3.2 billion) for conspiring to fix prices on medium- and heavy-duty commercial trucks for more than a decade.

Production

Carmakers Poised to Resume Production in Venezuela

Fiat Chrysler Automobiles, General Motors and Toyota are ready to resume production in Venezuela over the next two months after the government agreed to let them sell their vehicles in U.S. dollars, Bloomberg News says, citing unnamed sources.

Assembly

VW Resumes Car Assembly in Nigeria

Volkswagen AG began on Tuesday to assemble vehicles in Nigeria for the first time in 25 years.

Fiat Units Join Israeli Natural Gas Partnership

Fiat Chrysler Automobiles, Iveco and Magneti Marelli have signed a non-binding memorandum of understanding to develop natural gas-based technologies with the Israel Fuel Choice Initiative.

Business

Daimler Raises Provision for Possible Antitrust Fines

Daimler AG is adding another €600 million to the amount it may have to pay in fines associated with an EC antitrust investigation of Europe's commercial vehicle industry.

Regulations

Korea Fines Hyundai, Other Truckmakers for Price Fixing

South Korea's Fair Trade Commission has levied combined penalties of 116 billion won ($104 million) against Hyundai Motor Co. and six truckmakers that import vehicles to Korea.

Regulations

Hyundai Hit with Big Fine for Fixing Truck Prices in Korea

South Korea's Fair Trade Commission has levied combined penalties of 116 billion won ($104 million) against Hyundai Motor Co. and six truckmakers that import vehicles to Korea.

Business

Asian, European Truckmakers Fined for Price Fixing in Korea

South Korea's Fair Trade Commission has levied combined penalties of 116 billion won (€78 million) against Hyundai Motor Co. and six truckmakers that import vehicles to Korea.

Marchionne to Stay at Fiat for “Years to Come”

Sergio Marchionne, CEO of Fiat and Chrysler Group LLC, has indicated that he plans to remain on the job "for years to come," according to Fiat SpA Chairman John Elkann.

Production

Fiat Plans $7.5 Billion Expansion in Brazil

Fiat SpA says it will invest 15 billion reals ($7.5 billion) in Brazil through 2016 to expand its capacity to produce cars, commercial trucks, heavy equipment and engines.

Business

Daimler Trucks, Dealers Fined by U.K. for Price Fixing

The U.K.'s Office of Fair Trading has fined Daimler AG's Mercedes-Benz truck unit and five of its dealers 2.8 million (€3.3 million) for anti-competitive activities.

Altavilla Named to Fix Fiat’s European Unit

Fiat SpA has appointed Alfredo Altavilla as chief operating officer of the company's unit for Europe, Africa and the Middle East (EMEA), effective immediately.

Activist Investors Boost Navistar Holdings

Activist investors Carl Icahn and Mark Rachesky have separately increased their stakes in Navistar International Corp. this week to levels close to the 15% limit that would trigger the poison-pill provision the truckmaker set in place last month.

VW May Be Eyeing Navistar Stake

Volkswagen AG is studying the idea of buying equity in Navistar International Corp., according to the Financial Times Deutschland, which cites no sources.

Iveco Plans Three Van Models For U.S.

Fiat Industrial SpA's Iveco truckmaking unit confirms plans to launch its flagship Daily commercial van in the American market soon after Fiat SpA debuts its Doblo and Ducato vans there next year.

Iveco to Bring Vans to U.S. Market

Fiat Industrial SpA's Iveco truckmaking unit plans to launch its flagship Daily commercial van in the American market soon after Fiat SpA debuts its Doblo and Ducato vans next year.