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Fiat Chrysler to form US finance business

Bloomberg Fiat Chrysler Automobiles NV plans to form its own financing business in the US and has started discussions with partner Santander Consumer USA Holdings Inc., which it has an option to buy out. That would allow Fiat Chrysler to “participate more fully in capturing value from emerging platforms,” Chief Financial Officer Richard Palmer said in a presentation near Turin, ...

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UK economy risks being hit by Brexit worry

Bloomberg British consumers are worried about prospects for the economy with Brexit on the horizon, and that could spark a shift in behaviour that drags even more on growth. Households have driven expansion for more than a year, but only because they saved less to keep up spending during 2017’s inflation surge. They may be less willing to do so ...

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Mexican business can pitch employees on candidates

Bloomberg Mexican businessmen aren’t breaking any laws when they ask their employees to not vote for a certain candidate, according to Lorenzo Cordova, head of Mexico’s electoral regulator. If and when any of these activities turn illegal, the National Electoral Institute will act accordingly, the newspaper Reforma reported, citing remarks by Cordova. As long as no laws are broken, their ...

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