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SOUTH AFRICA

More trade desired between SA and Italy in auto sector

Representatives from the automotive industries in South Africa and Italy met recently at the South Africa-Italy Summit 2016...

1 Nov 2016

ITALY

Ferrari boss Montezemolo quits

ROME, ITALY: The president of the Italian Ferrari luxury sports car company, Luca Cordero di Montezemolo, announced he was stepping down on 13 October, just days after he said he wanted to stay.

10 Sep 2014

ITALY

No golf for salvage expert Nick Sloane

ROME, ITALY: After rescuing a burning ship from pirate-infested waters off Yemen and salvaging a sinking oil rig in the Gulf of Mexico, South African salvage master Nick Sloane faces his biggest test yet off an idyllic Mediterranean island.

14 Jul 2014

ITALY

Fiat changes name, disappoints with profits

MILAN, ITALY: Italian car company Fiat announced on Wednesday (29 January) it was changing its name to Fiat Chrysler Automobiles (FCA) after completing the purchase of US car manufacturer in a move that Fiat chairman John Elkann said "heralded a new chapter".

30 Jan 2014

ITALY

Fiat shares surge on Chrysler merger

ROME, ITALY: Shares in Italian car giant Fiat rose sharply after it announced it would take full control of Chrysler in an historic US$3.65bn deal.

3 Jan 2014

ITALY

Versace in search of minority shareholder

MILAN, ITALY: Versace is seeking a minority investor and a spokesman at the Italian fashion house says about €250m could be pumped into the luxury brand if the right investor is found.

19 Sep 2013

ITALY

Prada net profits rise 7.6% to €308m

MILAN, ITALY: Italy's luxury fashion brand Prada said on Tuesday (17 September) that its net profit rose by 7.6% in the first half of its fiscal year to €308.2 m and expressed confidence for the future despite an uncertain international economic outlook.

18 Sep 2013

ITALY

Attempt to raise Costa Concordia starts on Monday

ROME, ITALY: Salvage workers will attempt to raise the Costa Concordia cruise ship on Monday (16 September), weather permitting, in an unprecedented operation costing more than €600m, officials said.

13 Sep 2013

ITALY

Fiat invests €1bn in Italian plant

MILAN, ITALY: Fiat said on Wednesday (4 September) it will invest €1.0bn at its Turin plant to make Maseratis, easing fears that Fiat is lowering its role in Italy.

5 Sep 2013

ITALY

Women prisoners launch fashion label

ROME, ITALY: Women's prison workshops across Italy are joining up under a new commercial fashion brand they hope will help encourage more detainees to learn the trade and give them hope for a future on the outside.

6 Jun 2013

ITALY

Invest in good food, not junk says FAO

ROME, ITALY: The UN's food agency on Tuesday (4 June) said obesity and poor nutrition weigh heavily on the global economy and told governments that investing in food health would bring big economic as well as social returns.

5 Jun 2013

ITALY

Italian group buys stake in Aston Martin

ROME, ITALY: Italian private equity fund Investindustrial has bought a 37.5% stake in British car manufacturer Aston Martin for £150m, the companies said in a joint statement on Friday (7 December).

10 Dec 2012

GERMANY

Escalating crisis having an impact on Europe

NUREMBERG, GERMANY: Faced with the ongoing debate about a Greek bailout and the worsening debt crisis in France and Italy, European consumers are noticeably unsettled once again.

25 Oct 2011

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