The Agnelli family, under the Chairmanship of John Elkann, announced yesterday that they will merge into one entity the two financial holding companies, IFIL and IFI, through which they control their 30.49 pct stake in Fiat Group

SKF has signed an agreement to acquire GLO and its manufacturing operation in Italy; with sales around EUR 17 million, the company manufactures mainly constant velocity joints and drive shafts and is being acquired from Metaldyne

The new Tata Indica Vista which has been launched this week symbolises the growing partnership between Fiat and Tata Motors as it incorporates Fiat Group technology and is equipped with the 1.3 Multijet 16v turbodiesel engine

H2Roma and Bologna Motor Show are introducing Auto Innovation between Italy and Japan; the seminar on advanced technologies for the car of the future in Tokyo will be attended by representative of industry, research and institutions

'Giacomo Bertolio - stile per l'automobile' is a new design consultancy based in Turin which has presented details of its first study a concept focused on practical and technically feasible innovations for the everyday needs of the driver

Lucia Bursi, mayor of Maranello, will head the Città dei Motori association, the network of the local authority districts and the Made in Italy companies from the areas of automotive and sports

Milan's version of London's congestion charge went into effect yesterday causing few of the feared traffic snarl-ups but prompting fresh claims that the city was unprepared for the scheme