Author: Automotive News Breaking News Feed

The planned stock market listing of Fiat’s U.S. unit, Chrysler, will not take place this year, the Italian carmaker said today, prolonging the uncertainty over its chances of buying out the rest of the company.

PSA Peugeot Citroen today named former Renault executive Carlos Tavares as its next CEO in a move that may help to secure new funding from Chinese partner Dongfeng.