Fiat Chrysler Automobiles targets October IPO date


Fiat Chrysler Automobiles has a target date of October 13 for its NYSE launch, according to Fiat (OTCPK:FIATY) CEO Sergio Marchionne.

major merger hurdle was cleared this week by Fiat to help keep the reorganization on track.

Paying for Fiat's five-year, €48B ($64B) growth plan could be a challenge. Marchionne says a decision on a capital increase will be made in October after the new FCA shares are trading hands.

What to watch: Chrysler has had strong sales in the U.S. this year and is tipped by Kelley Blue Book to show double-digit growth for August. Automobile industry analysts think the NYSE listing could provide another jolt for the brand and help reinforce the trend of the Big Three (GM, F) out-performing some foreign automakers (Volvo, Volkswagen, Hyundai) unable to compete at scale.

From other sites
Comments (12)
  • David at Imperial Beach
    , contributor
    Comments (4381) | Send Message
     
    Chrysler is fluffing sales with strong incentives leading up to the NY IPO. If you want to buy a car or a pickup, now is the time. You also get to take advantage of easy financing courtesy of your friendly neighborhood central bank that is talking about raising interest rates next year.

     

    Sergio Marchionne has made a strong showing with comebacks for both Fiat and Chrysler. I expect the IPO to be well-received.
    30 Aug 2014, 06:39 PM Reply Like
  • Realtor_k
    , contributor
    Comments (220) | Send Message
     
    Who buys Chrysler cars, jeeps or cars? Chrysler are good for rentals and as cheap, disposable transportation good for 2-3 years only.

     

    Go up and down your block and see who owns a post-2009 Chrysler product.

     

    (2009 -- On June 10, 2009, Chrysler emerged from the bankruptcy proceedings with the United Auto Workers pension fund, Fiat, and the U.S. and Canadian governments as principal owners.)
    30 Aug 2014, 09:17 PM Reply Like
  • mikeRetirement
    , contributor
    Comments (1114) | Send Message
     
    Wrong. Very strong in the truck market. High demographic buyers for Ram and Grand Cherokee. Sergio has accomplished most of what he promised,
    Next is luxury, Maserati and Alfa Romeo have strong prospects.

     

    As for durability, I own a Grand Cherokee with 173k, runs like new. Things have changed.
    31 Aug 2014, 11:16 AM Reply Like
  • Realtor_k
    , contributor
    Comments (220) | Send Message
     
    @mike:

     

    What year is your grand cherokee?

     

    I too had a brand new RAM 1500 in 2002. Transmission blew out in 2004 after 8000+ miles. Dealer (or Chrysler) wanted to charge me almost $8k to get it fixed. Dealer claims it was not under warranty. After 2 years and lawyer fees claiming "lemon law" in California, I got my money back plus lawyer fees and then some for fraud.

     

    Bottom line: Chrysler is crap. Chrysler dealers are crooks. And Chrysler will lie and try to take advantage if you allow them.

     

    Sorry Mike. Not a Chrysler fan.
    31 Aug 2014, 12:25 PM Reply Like
  • mikeRetirement
    , contributor
    Comments (1114) | Send Message
     
    '97. Your vehicle was covered under 100k power train warranty.
    31 Aug 2014, 01:49 PM Reply Like
  • DavidHart
    , contributor
    Comments (41) | Send Message
     
    I, personally, thought that I would never buy Chrysler brands because, I too, have the perception that they are of low quality.

     

    However, I did a lot of research on Jeep when I when shopping for a new SUV last year and was surprised by the quality, ride, fuel performance, etc. I ended up buying a 2014 Jeep Grand Cherokee. So far, there have been no problems with it, with the quality, or with the local dealer.

     

    There are tons of Jeeps on the road spanning multiple eras. Drive through Maine, New Hampshire, etc. and you will see Jeeps all over the place. Of course, people do not realize that Jeep is it's own division within Chrysler and was one of the few still making money for the company while the rest was failing miserably. It's also the brand that is leading the way in the new FIAT/Chrysler.

     

    I agree that FIAT/Chrysler still has a lot to do to convince the car buying public that they can make good quality vehicles. Only time will tell if they can succeed or not.
    2 Sep 2014, 11:56 AM Reply Like
  • fernando mangino
    , contributor
    Comments (206) | Send Message
     
    Chrysler has allways been known to produce lower price vehicles than the two American leading brands.That puts them in a different nitch,it is great that they survive;however it is going to take a long time for Mr.Marchioni to climb beyond were he is and compare to GM and FORD
    30 Aug 2014, 09:58 PM Reply Like
  • Realtor_k
    , contributor
    Comments (220) | Send Message
     
    Hey Fernando:

     

    Problems with your spelling:
    1) "always" instead of "allways"
    2) "niche" instead of "nitch"
    3) "pickup" instead of "peekup"

     

    Habla Ingles?
    31 Aug 2014, 03:17 AM Reply Like
  • fernando mangino
    , contributor
    Comments (206) | Send Message
     
    Realtor-k: Sorry I must have been distracted,will be more careful next time.By the way I do not see where I wrote "peekup"and I do speak english.Have agreat day
    31 Aug 2014, 09:11 AM Reply Like
  • fernando mangino
    , contributor
    Comments (206) | Send Message
     
    Sorry Realtor-k have a great day
    31 Aug 2014, 09:13 AM Reply Like
  • gengis
    , contributor
    Comments (7) | Send Message
     
    Hi Fernando, I don't think you need to apologize to a quite rude comment. Let's stick to the content, I think everybody understood what you meant. Right Realtor_k? :)
    1 Sep 2014, 11:03 AM Reply Like
  • blackdogname
    , contributor
    Comments (36) | Send Message
     
    I too own a Jeep Grand Cherokee, 2004, with tons of miles and still tons of fun left in it! I see them everywhere here in the midwest. Must be something to them.
    2 Sep 2014, 02:03 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs