Lawrence Stroll’s consortium aims to take advantage of Aston Martin’s low stock price to take a controlling stake in the U.K. sports-car maker, British motoring magazine Autocar reported.
General Motors and LG Chem will invest a combined $2.3 billion to mass produce battery cells in northeast Ohio, near its former Lordstown assembly plant.
The automaker’s U.S. operations will be closed and all employees will forgo pay for two days after the New Year’s holiday. Employee travel expenses will be cut by half, effective immediately.
FCA may have to pay up to $1.5 billion in back taxes after Italy’s tax authorities said the company underestimated the value of its U.S. business following the acquisition of Chrysler.
Powell, most recently CEO of Santander Holdings USA Inc., will focus on relationships with regulators for Wells Fargo, one of the nation’s largest auto lenders.