By on February 3, 2014

2007: "The Managing Director of Ferrari in Great Britain, Massimo Fedeli, boasted “our 60th anniversary tour is the perfect opportunity to provide this special 612 Scaglietti HGTS for the police service of England, Ireland and Wales to drive. This reinforces Ferrari’s commitment to responsible driving and promoting road safety.” (courtesy motorauthority.com)

The British Newspaper The Telegraph is reporting that, if senior European law enforcement officials have their way, all cars entering the European market may soon be fitted with a remote shutdown device that would allow police officers to electronically deactivate any vehicle at the touch of a button. (Read More…)

By on January 29, 2014

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Now that Sergio Marchionne has succeeded in joining Fiat and Chrysler together, for his next act he’s planning on moving Fiat’s headquarters out of Italy. While such a move has tax advantages, it would present a political and public relations challenge for Fiat and Marchionne in their home country. According to Reuters, the new entity, dubbed Fiat Chrysler Automobiles, will be a Dutch-based company with a UK tax domicile, while shares are listed on the NYSE with a secondary listing in Milan.

Marchionne is aware that locating the headquarters outside of Italy, where Fiat has operated for 115 years and has received government funding, or outside the United States, where Chrysler was bailed out by the federal government, could make waves and there is the possibility that the Italian government might intervene. “I’ve seen weirder things happen,” Marchionne said to journalists at the recent Detroit auto show. “So I sincerely hope they don’t create obstacles.” (Read More…)

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