Schaeffler to sell plant in Hamm to management

WNM | Jul 1, 2019 at 8:50 AM

The automotive and industrial supplier Schaeffler and the management team of Schaeffler Friction Products Hamm GmbH signed an agreement last Friday under which the management of Schaeffler Friction Products Hamm will take over the ownership of the company,

Fiat Chrysler withdraws merger offer for Renault

WNM | Jun 6, 2019 at 1:31 AM

Fiat Chrysler said on Wednesday it was withdrawing its $35 billion merger offer for Renault, calling off what would have been a landmark deal to create the world’s third-biggest automaker.

Ferrari accelerates its move into hybrid cars

WNM | May 29, 2019 at 7:48 PM

Ferrari presented a luxury car with a difference on Wednesday – a hybrid model that can cruise silently through city streets on electric power as well as hitting a top speed of 340 km per hour.

Fiat Chrysler puts merger offer to Renault board

WNM | May 27, 2019 at 9:17 AM

Fiat Chrysler has made a “transformative” merger proposal to Renault, the Italian-American carmaker said, in a deal that would create a new third-ranked global manufacturer.

Austrian legendary Formula 1 driver Niki Lauda died

WNM | May 21, 2019 at 9:36 AM

Formula 1 legend Niki Lauda is dead. As the family announced in an email Tuesday night, the 70-year-old threefold Formula 1 World Champion and flight entrepreneur died on Monday.