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Today, 9:15 AM
Mon, Feb. 8, 5:58 PM
- Fiat Chrysler (NYSE:FCAU) fell 7.6% to a 52-week low after the NHTSA released documents over the weekend that suggested a broader examination of claims that some of its vehicles can roll away when a driver thanks the transmission has been set to park.
- The safety regulator's investigation now covers 856K vehicles, and 121 incidents have led to crashes, with 30 leading to injuries.
- Most of the complaints involved 2014-15 models of the Jeep Grand Cherokee, and other models involved were the Chrylser 300 and Dodge Charger.
- The inquiry expands a probe opened in August addressing 14 complaints that 2014-15 Grand Cherokees had rolled away after a driver intended to park them.
Mon, Feb. 8, 9:19 AM
Tue, Feb. 2, 8:20 AM
- Fiat Chrysler Automobiles (NYSE:FCAU) unit sales +7% to 155,037 units to smash the estimate of most research firms which called for flat to negative year-over-year growth.
- Car sales flat fell 24% Y/Y to 30,157 units.
- Truck sales increased 19% to 124,880 units.
- Models with +10% sales gains included the Jeep Compass, Chrysler Town & Country, Dodge Caravan, and Dodge Charger.
Wed, Jan. 27, 2:56 PM
- Fiat Chrysler Automobiles (FCAU -1.7%) said it will shift capacity at several plants in order to increase production of Jeeps and Ram pickup trucks. The plan could mean a higher mix of manufacturing in the U.S.
- Global production of Jeep vehicles is expected to reach 2M through 2018. New diesel and hybrid electric version of the Jeep Wrangler will be available by 2018.
- The automaker also disclosed it will make profit-sharing payments of up to $4K to UAW workers in the U.S. The amount is tied to the company's EBIT tally from last year.
- New financial targets include revenue of €136B ($148.2M) and operating profit of €8.7B-€9.8B ($9.48B-$10.7B) were unveiled.
- Previously: Fiat Chrysler beats on revenue (Jan. 27 2016)
- Previously: Fiat Chrysler sets 2016 guidance, major shakeup to be announced (Jan. 27 2016)
- Fiat Chrysler conference call webcast
Wed, Jan. 27, 7:12 AM
- Fiat Chrysler Automobiles (NYSE:FCAU) reports it ended 2015 with a total of 4.6M units shipped.
- Revenue of €113B ($123B) during the year beat analyst expectations Adjusted EBIT was up 40% to €5.3B ($5.8B).
- The company expects revenue of €110B in 2016 and adjusted EBIT of €5.0B.
- Fiat is expected to announce a major shakeup later today when it updates its business plan.
- Previously: Fiat Chrysler beats on revenue (Jan. 27 2016)
Wed, Jan. 27, 5:48 AM
Tue, Jan. 26, 5:30 PM
Tue, Jan. 26, 9:22 AM
Fri, Jan. 22, 3:54 AM
- Automakers recalled a record 51.26M vehicles in the United States last year, continuing a historic surge for car companies facing an unprecedented government crackdown on safety lapses.
- According to the NHTSA, that figure topped the 50.99M vehicles called back in 2014, meaning that the recalls in each of the past two years surpassed any annual total logged by federal regulators in nearly five decades.
- Notable recalls: HMC, FCAU, OTCPK:TKTDY
Mon, Jan. 18, 10:29 AM
- European car registrations rose 16.6% in December to 1,109,927 units.
- Registrations for 2015 ended 9.3% higher at 13,713,526 units. A strong recovery in Spain and Italy contributed significantly, while volume leader Germany saw a steady gain of 5.6% amid a challenging year in the domestic market.
- 2015 European market share by manufacturer: Volkwagen Group (OTCPK:VLKAY) 24.8%, Peugeot (OTCPK:PEUGF) 10.4%, Renault (OTC:RNSDF) 9.6%, Ford (NYSE:F) 7.2%, Opel (NYSE:GM) 6.7%, BMW (OTCPK:BAMXY) 6.6%, Fiat Chrysler (NYSE:FCAU) 6.1%, Daimler (OTCPK:DDAIF) 5.9%, Toyota (NYSE:TM) 4.3%, Nissan (OTCPK:NSANY) 3.9%, Hyundai (OTC:HYMLF) 3.3%, Kia (OTC:HYMLF) 2.7%, Volvo (OTCPK:GELYF) 2.0%, Mazda (OTCPK:MZDAY) 1.5%, Suzuki (OTCPK:SZKMY) 1.3%, Jaguar Land Rover (NYSE:TTM) 1.3%.
Fri, Jan. 15, 8:17 AM
- Fiat Chrysler (NYSE:FCAU) posted a 13.6% increase in European sales last year, above the industry average of 9.2%. For December, sales were up 16.4%, also above the industry's mark of 15.9%.
- The Fiat 500 and Panda continue to lead the A segment with a 27.7% share. The Fiat 500L led the Small MPV segment with a 22.5% share (83.3K units sold), while the Fiat 500X ranked among the leaders in the Small SUV segment. Sales grew 113% in Europe for the Jeep brand, which sold almost 1.24M units worldwide.
- The company sold more than 872.5K vehicles in Europe for the year, representing a market share of 6.1%. Sales were up 29.5% in Spain, 18.3% in Italy, 13.9% in France and 7.0% in Germany.
- Fiat brand units sales were up 12.0% to 656.7K vehicles representing a market share of 4.6%.
- Lancia/Chrysler units increased to 61.7K vehicles representing a market share of 0.4%. Alfa Romeo totaled 56.8K vehicles while Jeep sales were 88.2K units, led by Cherokee (+44.4%) and Wrangler (+12.7%).
- Maserati sold more than 6.1K cars, up 6.4% yoy.
Thu, Jan. 14, 1:52 PM| Thu, Jan. 14, 1:52 PM | 2 Comments
Sun, Jan. 10, 1:16 PM
- The North International Auto Show fires up in Detroit this week with more than 50 model reveals anticipated.
- Concept cars expected to be unveiled include the Acura Precision Concept luxury model from Honda (NYSE:HMC), a large SUV model from Kia Motors (OTC:HYMLF), and Nissan's high-end Infiniti Q60.
- General Motors (NYSE:GM) offers up a deeper look at the Chevrolet Bolt pure EV, while aiming to gain ground on Tesla Motors which is skipping the event. On the hydrogen side, the Toyota Mirai and and its evolving vision will be highlighted, while a FCV introduction from Audi is rumored.
- Fiat Chrysler Automobiles (NYSE:FCAU) plans to debut a next-gen minivan as it looks to reel back SUV and crossover converts.
- Toyota (NYSE:TM) and Audi are prepped to showcase their connect car advances in new models.
- Volkswagen (OTCPK:VLKAY) will largely be playing defense as it looks to restore confidence after the emissions cheating scandal.
Fri, Jan. 8, 12:48 PM
- The level of "channel stuffing" by automakers is at its highest level since August of 2008, according to a chart from ZeroHedge.
- The inventory-to-sales reading of 1.78 indicates that industry discounting may increase this year to help clear lots.
- Discounting is a bottom line drag for automakers, although on a profit-per-vehicle basis the increased percentage of SUVs, crossovers, and premium trucks sold helps to counterbalance the impact.
- Still, a caustic ZeroHedge is quick to note that the last time channel stuffing reached this level was shortly before the Lehman crisis and eventual GM bankruptcy.
- Fiat Chrysler Automobiles (NYSE:FCAU) ended 2015 with an elevated 81 days of vehicle supply at current selling rates.
Wed, Jan. 6, 2:20 PM
- Subaru (OTCPK:FUJHY) recorded the biggest increase in U.S. market share for automakers in 2015 to mark the second year in a row it landed the distinction.
- The Japanese automaker ended the year with 3.4% of all U.S. sales by volume.
- The brand with the most impressive performance for the year was Jeep (NYSE:FCAU) which nabbed 5.0% of sales after sitting at 4.2% in 2014.
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