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Recession fears mount as elevated interest rates take toll on economy, figures for October show

Ben la Grange becomes most senior executive to be held accountable for the €6.5bn fraud

Large part of Carlos Tavares’ performance-based remuneration lost due to the car company’s declining profits

Carlos Tavares’ controversial remuneration deal of €36.5mn was rejected by almost 30% of shareholders

European carmaker’s road back will be long and winding

Carmaker continues search for new CEO having committed to making 1mn vehicles in Italy by 2030

Carmaker will focus on electrifying flexible fuel models as rivals pour money into Latin America’s largest economy

Announcement comes after John Elkann, chair of the Chrysler and Fiat owner, met Donald Trump ahead of his inauguration

Move forms part of renewed push by European car manufacturer to make inroads in China

Fiat owner to increase production as it looks to rebuild bridges following ousting of Carlos Tavares