STLA Jan 2025 25.000 put
- Reuters
Stellantis Chair Elkann targeted in 75 million euro seizure over alleged tax fraud
MILAN (Reuters) -An Italian judge has seized money and assets worth almost 75 million euros ($84 million) from five people, including Stellantis and Ferrari Chair John Elkann, as part of an investigation into alleged tax fraud, prosecutors said on Friday. The investigation, opened earlier this year, alleges Elkann and his siblings Lapo and Ginevra did not pay taxes in Italy on assets they inherited after the death in 2019 of their grandmother Marella Caracciolo, the wife of late Fiat boss Gianni Agnelli. The case stems from a wider inheritance dispute between the Elkanns and their mother Margherita over the estate of Gianni Agnelli, which has divided one of Italy's best known business dynasties.
- Yahoo Finance
Stellantis, Ford face lingering labor issues with targeted UAW strikes on the horizon
Nearly a year after signing record labor contracts with the United Auto Workers union, two of the Big Three automakers find themselves dealing with the possibility of more strikes.
- Yahoo Finance
Fed rate cut may drive reluctant car buyers off the sidelines: Edmunds
The Federal Reserve’s decision to slash rates this week will have an impact on one of the biggest financed purchases Americans make: automobiles.
