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Mar. 6, 2015, 1:22 PM
- Fiat Chrysler Automobiles (NYSE:FCAU) CEO Sergio Marchionne received €6.6M ($7.2M) in total compensation last year, according to a new SEC filing.
- The pay level worked out to a 83% improvement from what the auto industry veteran earned in 2013.
- Marchionne had a very active year in which he guided Fiat's merger with Chrysler and set ambitious sales goals.
- He is expected to stay on as CEO until at least the end of 2018.
- SEC Form 20F
Mar. 3, 2015, 8:22 AM
- Chrysler Fiat Automobiles (NYSE:FCAU) had its strongest February in the U.S. since 2007 despite a harsher period of weather than typical.
- The automaker also extended its streak of consecutive positive sales growth months to 59.
- Brand sales growth: Fiat -5% to 3,289; Chrysler +13% to 28,502; Jeep 21% to 55,642; Dodge -15% to 42,115; Ram +12% to 33,991; Alfa Romeo 47 (new).
- Model sales growth: Jeep Patriot +59% to 10,280; Jeep Wrangler +21% to 12,911; Jeep Cherokee +19% to 14,026; Chrysler 200 +31% to 15,805; Dodge Dart +52% to 7,407; Ram P/U +7% to 31,298; Chrysler Town & Country -4% to 8,341; Fiat 500L +19% to 956; Alfa Romeo 4C (new) 47.
- The automaker says it ended the month with 85 days supply of inventory vs. 101 days last month.
Mar. 3, 2015, 8:13 AM
Mar. 2, 2015, 9:52 AM
- The Geneva Auto Show hits full speed this week with technology a dominant theme.
- European automakers such as Mercedes-Benz (OTCPK:DDAIF) and BMW (OTCPK:BAMXY) are displaying their connected car concept, while Opel (NYSE:GM) is touting the OnStar service.
- The emerging role of Apple and Google in the industry looms as a large factor in the background with top execs seeming uncertain as to what to expect.
- "We have to understand that, and then to find our roles, to which extent they are complementary, to which extent we become dependent, to which extent we are competitors," noted Daimler CEO Dieter Zetsche.
- Audi (OTCQX:VLKAY) looks to steal some thunder from Tesla Motors with its Electric R8 (610 hp, range 280 miles).
- What to watch: Anticipation is high for a presentation by Aston Martin on its future direction. Small UV entrants from Renault (OTC:RNSDF) and Honda (NYSE:HMC) are key introductions. On the ultra high-end, Ferrari (NYSE:FCAU) and McLaren are expected to grab headline for new dream cars.
Feb. 27, 2015, 1:05 PM| Feb. 27, 2015, 1:05 PM | 4 Comments
Feb. 24, 2015, 1:25 PM
- Consumer Reports selects the Tesla Model S as the best overall model with an overall score of 99 on a combined measure of safety, performance, and reliability.
- Though scoring off the charts on performance and equivalent gas mileage, the Model S was only "average" for reliability.
- Other segment winners are listed below.
- Compact car: Subaru Impreza (test score 79).
- Midsize sedan: Subaru Legacy (test score 89).
- Large car: Chevrolet Impala (test score 91).
- Luxury car: Audi A6 (test score 90).
- Green car: Toyota Prius (test score 75).
- Sports sedan: Buick Regal (test score 83).
- Small SUV: Subaru Forester (test score 86).
- Large SUV: Toyota Highlander (test score 84).
- Minivan: Honda Odyssey (test score 84).
- The pickup category was skipped by CR due to the newness of the F-150 and Chevy Colorado launch.
- Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF, OTCPK:MZDAY, TSLA.
Feb. 23, 2015, 1:02 PM
- U.S. sales for Fiat Chrysler Automobiles (NYSE:FCAU) will increase 8.3% Y/Y to 168.7K units in February, according to an estimate from TrueCar.com.
- Market share is forecast at 13.0%, flat vs last year and up 40 bp from January.
- Incentive spending -3.2% Y/Y and +1.8% M/M to $3,145 per unit.
- Industry-wide new vehicles sales are expected to rise 8.5% Y/Y during February to 1.2965M
Feb. 17, 2015, 10:09 AM
- Fiat Chrysler Automobiles (NYSE:FCAU) car registrations +5.8% to 63,509 units in January, according to the European Automobile Manufacturers Association.
- Overall EU registrations +6.7% Y/Y, led by strong growth in Spain and Italy.
- FCAU market share: 6.2% vs. 6.2% a year ago.
- Results include the Fiat, Lancia, Chrysler, Alfa Romeo, Jeep, Ferrari, Maserati, and Dodge brands.
- EAMA release (.pdf)
Feb. 14, 2015, 10:53 AM
- The automobile industry was jolted yesterday by reports on Apple developing its own electric vehicle.
- Though the development has the potential to be disruptive for EV automakers, the impact could be even larger for companies betting on fuel cells if the $740B Cupertino giant takes a strong position in the EV vs. hydrogen debate through a partnership or vehicle introduction.
- Shares of Tesla Motors only showed a mild reaction to the Apple reports yesterday during the regular session and AH trading.
- Toyota is the company out in front on FCV development with the Mirai debuting in many markets this year. The automaker audaciously calls the model the "turning point" in automotive history.
- In regard to Apple, by most appearances, Toyota has been slow-playing the integration of Apple's CarPlay into future platforms.
- Related: The electric vs. hydrogen debate just got interesting (Jan. 15 2015)
- Related: Fuel cell development in Japan to gear up before 2020 Olympics (Jan. 20 2015)
- Related: Millennials have the steering wheel now (Jan. 31 2015)
- Related: Apple car project is for real, and it's a minivan (Feb. 13 2015)
- Automobile industy stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, BLDP, KNDI.
Feb. 12, 2015, 10:53 AM
- TrueCar projects automakers that advertised during the Super Bowl saw a meaningful sales lift.
- Despite the high cost of the in-game spots (~$4.5M), automotive ads performed well this year based on tracking of sales following the game.
- Projected SB market share boosts: Nissan (OTCPK:NSANY) +40 bps, Kia (OTC:HYMLF) +30 bps, Mercedes-Benz (OTCPK:DDAIF) +20 bps, Jeep (NYSE:FCAU) +10 bps.
- Analysis from TrueCar indicates Super Bowl marketing spending was much more effective than untargeted incentive spending.
- The development could be a boost for CBS (NYSE:CBS) which has the TV rights to the game next year.
Feb. 3, 2015, 7:41 PM
- Automakers turned in an impressive U.S. sales tally for January with majors GM, Ford, Fiat Chrysler Automobiles, Honda, and Toyota all with double-digit sales growth.
- The gains weren't top-heavy as Subaru (+24%), Audi (+14%), Mitsubishi Motors (+33%), and even Porsche (+27%) all big gainers.
- Sales of lights trucks and SUVs rose 19.3% during the month, according to Autodesk.
- Average transaction prices were up 5.2% Y/Y on average, estimates Kelley Blue Book. GM and Ford both benefited on their ATP through a higher mix of SUVs and trucks.
- It wasn't a spectacular month for electric vehicle sales with demand for the Nissan Leaf falling off and the Tesla Model S an insignificant factor in the U.S. total.
- High-level automobile execs attributed the strong demand in part to the $2 gas price level seen across the U.S.
- Automaker stocks: GM, F, TM, HMC, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU, OTCPK:NSANY, OTCPK:DDAIF.
Feb. 3, 2015, 9:18 AM
- Fiat Chrysler Automobiles (NYSE:FCAU) reports it had its most productive January in the U.S. since 2007 with double-digit car and truck sales growth.
- Brand sales growth: Fiat +1% to 3,522; Chrysler +11% to 23,393; Jeep 23% to 51,523; Dodge +1% to 35,347; Ram +21% to 31,392; Alfa Romeo 97 (new).
- Model sales growth: Jeep Patriot +36% to 7,563; Jeep Wrangler +22% to 11,683; Jeep Cherokee +44% to 15,154; Chrysler 200 +30% to 14,157; Dodge Dart +61% to 8,136; Ram P/U +14% to 28,618; Chrysler Town & Country -14% to 6,044; Fiat 500L +19% to 869; Alfa Romeo 4C (new) 97.
- The automaker says it ended the month with 101 days supply of inventory vs. 72 days last month.
Feb. 3, 2015, 9:09 AM
Jan. 31, 2015, 10:39 AM
- Automakers need to address the issue of how to sell to millennials, according to data from TrueCar.
- The group is projected to purchase 4.24M vehicles in 2015 to account for close to 25% of the total new car market in the U.S. That's a percentage that will stay on the rise over time.
- A few things to keep in mind about millennials.
- They have an indie spirit that can veer away from dominant brands. Just ask McDonald's or Anheuser-Busch InBev.
- They are early adopters of new technology. Just ask the cable companies.
- They don't take their marching orders from Madison Avenue on what products are on-trend. Just ask Abercrombie & Fitch.
- Millennials are likely to have a lot to say with the critical question on if electric batteries or hydrogen fuel cells (Tesla vs. Toyota) emerge as the dominant alternative energy source for the industry.
- Automaker stocks: GM, F, TM, HMC, OTCPK:NSANY, TSLA, OTCQX:VLKAY, OTCPK:DDAIF, OTC:HYMLF, OTCPK:BAMXY, OTCPK:MMTOF, TTM, OTCPK:MMTOF, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:GELYF, FCAU.
Jan. 28, 2015, 2:29 PM
- Fiat Chrysler Automobiles (FCAU -0.3%) CEO Sergio Marchionne expects the company to complete a spin-off and IPO for Ferrari this calendar year.
- During today's earnings conference call, the exec highlighted the significant boost shareholders could see with the luxury brand freed up.
- Previously: Fiat Chrysler reports Q4 earnings
- Previously: North America does heavy lifting for Fiat Chrysler Automobiles
Jan. 28, 2015, 8:20 AM
- Fiat Chrysler Automobiles (NYSE:FCAU) reports global shipments rose 3.8% Y/Y to 1.17M units in Q4.
- The automaker improved EBITDA by 39% during the quarter. The EPS mark missed analyst estimates slightly.
- The biggest gains were struck by the automaker in the North American region.
- 2015 guidance: Worldwide shipments of 4.8M-5.0M expected.
- Previously: Fiat Chrysler reports Q4 earnings
- FCAU -1.1% premarket.
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