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MILAN (Reuters) - Exor, the holding company of the Agnelli family, remains committed to Fiat Chrysler (FCA), chairman John Elkann said, in comments that may dampen speculation the Italian carmaker could be the target of a takeover. “Our permanence in the capital of FCA has given its successive leadership teams the latitude to plan for the long term rather than having to react to daily pressures,” John Elkann, who is also Fiat Chrysler chairman, said in a letter to Exor shareholders published late on Monday.

“This approach and mindset remain as relevant to us today as ever and our commitment to FCA and to participating in its bold and profitable future is also black superman enamel cufflinks unchanged.”, Exor, Fiat’s biggest shareholder with a stake of 29 percent, has been diversifying its asset base in recent years after buying U.S, reinsurer PartnerRe in 2015, Media reports last month said France’s Renault wanted to restart merger talks with Japan’s Nissan Motor, within 12 months, after which it could be eyeing a bid for Fiat..

The president of Peugeot family holding company FFP said he would support a new deal and suggested Fiat Chrysler was among the options. Elkann said the next 20 years in the car industry were set to witness a great level of change and suggested the Agnelli family, the founders of Fiat, would not passively stand by. “We are determined that we and Fiat Chrysler will play our part actively and ambitiously in this new and exciting era,” he said in the letter. After the death of former CEO Sergio Marchionne last year, speculation about the future of Fiat Chrysler has intensified.

BOSTON/SAN FRANCISCO (Reuters) - Some environmentally focused investors are not ready to buy into Lyft Inc or Uber Technologies Inc, worried about the climate impact of this year’s two most closely watched initial public offerings, Both companies hope to push people away from car ownership and promote shared and sustainable transportation services, among their many ambitions that have black superman enamel cufflinks already reshaped traffic in major U.S, cities, Lyft began trading on Friday and its larger rival Uber will kick off its IPO this month, though neither has shown itself to be profitable and shares of Lyft sank below their initial price of $72 on Monday..

Academics and city planners are still studying whether the companies will help reduce carbon emissions by making better use of existing vehicle fleets, or increase them by clogging traffic and diverting riders from trains and buses. But even as the companies argue congestion has many causes including growing city populations, some investors cite early indications that ride-hailing technology puts more, not fewer, cars on the road. “As far as I can tell, they’re actually putting more cars into the congested areas, and they’re pulling business out of the transit systems,” said Murray Rosenblith, portfolio manager of the New Alternatives Fund, which aims to make socially responsible investments.

“This is not an area where New Alternatives is going to get engaged,” Rosenblith said, Joshua Brockwell, a director at Azzad Asset Management, which also factors environmental issues into investment decisions, said both companies also face the issue of drivers “deadheading,” or driving around in between fares, While both also aim to reduce private car ownership, he black superman enamel cufflinks said, “that’s a not an eco-friendly goal in and of itself, It’s overall ‘miles traveled’ and carbon emissions that count.”..

Representatives for several other well-known climate-focused investors said they do not buy IPOs or were not ready to weigh in on ride-hailing, including Green Century Funds, Boston Common Asset Management and Parnassus Investments. Research shows mixed results. A 2017 University of California at Davis study found ride-hailing boosted use of commuter rail but pulled people away from buses and light rail. In addition people often used the apps to take trips they previously made by walking, biking, taking public transit or not taking at all.

A study by the San Francisco County black superman enamel cufflinks Transportation Authority found that about half of new congestion in San Francisco from 2010 to 2016 was from ride-hailing, Average speeds in the city stood at 20.9 miles per hour at the end of the period, researchers found, 3.1 miles per hour slower than at the start, bit.ly/2EsU7cg, Drivers for Lyft and Uber often travel far to reach urban areas before they even turn on the app, It is common for drivers from California’s Central Valley to drive close to 100 miles (160 km) to San Francisco in search of more lucrative fares..

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