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Fiat Chrysler Automobiles NV (FCAU)

- NYSE
  • Aug. 29, 2014, 4:27 AM
    • Fiat (OTCPK:FIATY) says it has cleared a road block for its planned reorganization, as the pay off of dissenting shareholders who were allowed to tender their shares will likely not exceed the €500M ($658.3M) set aside for the merger.
    • The reorganization will create Fiat Chrysler Automobiles, a new company with headquarters in Amsterdam, domiciled in the U.K. for tax purposes and a primary stock market listing in New York.
    | Aug. 29, 2014, 4:27 AM | 1 Comment
  • Aug. 28, 2014, 9:42 AM
    • Kelley Blue Book forecasts U.S. auto sales will fall 1% in August to 1.49M units.
    • The decline is attributable to a difference in selling days during the period compared to last August.
    • All segments are expected to see lower sales totals except for compact SUV/crossover which is tapped for a 6.2% gain.
    • KBB sales forecast by manufacturer: General Motors (NYSE:GM) -1.0% to 273K; Toyota (NYSE:TM) -4.6% to 221K; Ford (NYSE:F) -1.5% to 217K; Chrysler (OTCPK:FIATY) +11.1% to 184K; Honda (NYSE:HMC) -8.1% to 153K; Nissan (OTCPK:NSANY) +1.2% to 122K; Hyundai (OTC:HYMLF) -1% to 117K; Volkswagen (OTCQX:VLKAY) -11.6% to 51K.
    | Aug. 28, 2014, 9:42 AM | 8 Comments
  • Aug. 26, 2014, 6:52 AM
    | Aug. 26, 2014, 6:52 AM | 56 Comments
  • Aug. 26, 2014, 5:07 AM
    • India’s antitrust regulator has fined major automakers over anti-trust violations, just days after authorities in China imposed similar penalties.
    • The commission found that carmakers were able to charge high prices by providing spare parts only to authorized repair shops.
    • A total fine of 25.4B rupees ($420M) was slapped on 14 automotive groups including Tata Motors (NYSE:TTM) and the local units of Honda (NYSE:HMC), Volkswagen (OTCQX:VLKAY), Fiat (OTCPK:FIATY), BMW (OTCPK:BAMXY), Ford (NYSE:F), General Motors (NYSE:GM), Mercedes-Benz (OTCPK:DDAIY), Nissan (OTCPK:NSANY) and Toyota (NYSE:TM).
    | Aug. 26, 2014, 5:07 AM | 10 Comments
  • Aug. 22, 2014, 7:40 AM
    • Chrysler (OTCPK:FIATY) doesn't plan on using aluminum in its Ram pickup line before 2020, according to Reuters.
    • The strategy gives the Ram brand a potential selling point over the Ford (NYSE:F) F-series on the "toughness" perception, although the new lighter aluminum-bodied pickups from rivals will feature better fuel economy.
    • Ram sales in the U.S. are up 19% YTD.
    | Aug. 22, 2014, 7:40 AM | 17 Comments
  • Aug. 18, 2014, 11:23 AM
    • Chrysler (OTCPK:FIATY) names Reid Bigland to head up the relaunch of the Alfa Romeo brand in North America.
    • Bigland has a solid track record after leading Chrysler to significant market share gains in the U.S. this year.
    • Alfa Romeo sports cars haven't been sold in the U.S. or Canada since 1996.
    | Aug. 18, 2014, 11:23 AM | 2 Comments
  • Aug. 18, 2014, 2:47 AM
    | Aug. 18, 2014, 2:47 AM | 18 Comments
  • Aug. 14, 2014, 2:37 PM
    • The merger between Fiat (OTCPK:FIATY) and Chrysler is even more up in the air after conflicts in the Middle East and Ukraine take a toll on sales momentum for the brands.
    • Fiat is trading at only pennies below the 7.727 euros-per-share offering price that's dangling in front of dissenting shareholders.
    • Two major proxy firms already advised shareholders to vote against the merger.
    • The wildcard in the mix: The Peoples Bank of China owns a decent stake in Fiat and could tip the scale one way or the other.
    | Aug. 14, 2014, 2:37 PM | 1 Comment
  • Aug. 13, 2014, 1:09 PM
    | Aug. 13, 2014, 1:09 PM | 25 Comments
  • Aug. 11, 2014, 10:12 AM
    | Aug. 11, 2014, 10:12 AM | 8 Comments
  • Aug. 11, 2014, 7:06 AM
    • The planned merger of Fiat (OTCPK:FIATY) and Chrysler into a new entity called Fiat Chrysler Automotive will push forward only if Fiat has to spend €500M ($696M) or less to buy out shareholders not wanting to participate.
    • ISI Group estimates it would only take 5.18% of Fiat shareholders to take the buyout deal at 7.727 euros per share to reach the €500M level.
    • A tally on the number of shareholders exercising their buyout rights should be known by August 25.
    | Aug. 11, 2014, 7:06 AM | Comment!
  • Aug. 6, 2014, 10:55 AM
    • Chrysler Group (OTCPK:FIATY) reports revenue increased 14% Y/Y to $20.5B in Q2.
    • Net income rose 22% to $619M.
    • Global shipments up 10% to 770K.
    • Chrysler picked up 70 bps of market share in the U.S. to 12.1% and added 20 bps in Canada to 15.3%.
    • The automaker ended the quarter with $1B in free cash flow.
    | Aug. 6, 2014, 10:55 AM | 3 Comments
  • Aug. 6, 2014, 2:36 AM
    • China's National Development and Reform Commission (NDRC) says it will penalize Audi (OTCQX:VLKAY) and Chrysler (OTCPK:FIATY) following its comprehensive antitrust investigation into the Chinese auto parts industry.
    • "The two companies do have monopolistic practices. They will be punished soon," says NDRC secretary-general Li Pumin.
    • Many foreign automakers in China including Mercedes-Benz (OTCPK:DDAIY) and Jaguar Land Rover (NYSE:TTM) have slashed their products and spare parts prices in recent weeks due to the NDRC's probes.
    | Aug. 6, 2014, 2:36 AM | Comment!
  • Aug. 5, 2014, 9:55 AM
    • Chrysler (OTCPK:FIATY) follows the lead of other automakers in China by indicating it will slash prices on some models and spare parts.
    • The automaker is walking the delicate between improving profits and drawing notice from anti-trust regulators in the nation.
    | Aug. 5, 2014, 9:55 AM | Comment!
  • Aug. 1, 2014, 11:03 AM
    • Automobile prices in the U.S. rose 0.1% M/M and 2.1% Y/Y during July, according to estimates from Kelley Blue Book.
    • The increase is due largely to a slight shift in mix toward SUVs and crossovers. General Motors (GM -0.4%), Chrysler (OTCPK:FIATY), and Volkswagen (OTCQX:VLKAY) showed the biggest gains of the major automakers.
    • Edmunds sees the overall industry selling rate to be right at 16.8M units for the month.
    • Truecar.com has its eyes on the incentives being offered by dealerships. The firm estimates incentive spending was up 8.4% Y/Y in July to mark the biggest jump since 2010 as automakers looked to clear inventory.
    • July U.S. sales gains: GM +9.4%, Ford (NYSE:F) +9.5, Toyota (NYSE:TM) +11.6%, Nissan +11.4 (OTCPK:NSANY), Chrysler +19.7%.
    | Aug. 1, 2014, 11:03 AM | 8 Comments
  • Aug. 1, 2014, 8:58 AM
    • Chrysler (OTCPK:FIATY) set all kinds of brand records in July as it saw strong demand for different types of models.
    • Brand sales growth: Fiat +1%; Chrysler +17%; Jeep +41%; Dodge +3%; Ram +18%.
    • Model sales growth: Chrysler Town & Country +41%; Jeep Patriot +3%; Jeep Wrangler +14%; Jeep Grand Cherokee +1%; Dodge Caravan +10%; Dodge Ram P/U +14%.
    • Chrysler estimates a U.S. auto industry SAAR rate of 16.8M units for the month.
    | Aug. 1, 2014, 8:58 AM | Comment!
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