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Fiat Chrysler Automobiles NV (FCAU)

- NYSE
  • Jun. 20, 2014, 8:02 AM
    • Fiat Chrysler (FIATY) plans to sell assets in order to raise funds to invest in its luxury brands - including Maserati and Alfa Romeo, according to CEO Sergio Marchionne.
    • The automaker will unload Fiat shares and a piece it holds in CNH Industrial in trades that could raise as much as $820M.
    | Jun. 20, 2014, 8:02 AM | Comment!
  • Jun. 18, 2014, 10:50 AM
    • The NHTSA has opened an investigation into Chrysler (FIATY) over ignition switch issues, according to CNBC.
    • Details haven't been released, although certain Jeep, Chrysler, and Dodge models are reported to be involved.
    | Jun. 18, 2014, 10:50 AM | 4 Comments
  • Jun. 17, 2014, 8:08 AM
    • European car registrations rose 4.5% in May to 1.13M units to mark the 9th consecutive month of a year-over-year sales gain.
    • All the EU nations showed positive growth during the month with the exception of Italy which saw a 3.8% falloff.
    • Sales growth by automaker: Volkswagen (VLKAY) +9.6%, Peugeot (PEUGY) +4.3%, Fiat (FIATY) +5.6%, General Motors (GM) -6.8%, Renault (RNSDF) +18.8%, Daimler (DDAIF) +3.6%, Toyota (TM) +3.4%, Ford (F) -2.0%, BMW (BAMXY) -2.2%, Fiat (FIATY) -2.7%, Nissan (NSANY) +10.7%, Hyundai (HYMLF) -2.7%.
    | Jun. 17, 2014, 8:08 AM | 10 Comments
  • Jun. 16, 2014, 6:58 AM
    • The board at Fiat (FIATY) formally approves the merger with Chrysler into a new entity.
    • The automaker will raise as much as €4B ($5.4B) in new bonds as part of the merger plan.
    • The combination of the two automakers into Fiat Chrysler Automobiles NV is expected to be completed before the end of the year.
    | Jun. 16, 2014, 6:58 AM | 3 Comments
  • Jun. 13, 2014, 11:52 AM
    • Chrysler (FIATY) increases the size of its board to 13 members from 9.
    • The automaker added a trio of insiders and former Philip Morris CFO Hermann Waldemer.
    | Jun. 13, 2014, 11:52 AM | Comment!
  • Jun. 11, 2014, 8:01 AM
    • Ford (F) and Honda (HMC) will gain 50 bps of U.S. market share over the next three years while other major automaker remain level, according to estimates from Bank of America Merrill lynch Global Research.
    • The investment firm sees a U.S. SAAR selling rate of 18M vehicles per year by 2018.
    • 2017 market share forecast: General Motors (GM) 17.9%, Ford (F) 16.2%, Toyota (TM) 14.4%, Fiat Chrysler (FIATY) 11.5%, Hondda (HMC) 10.3%, European automakers 8.3% (BAMXY, DDAIF, VLKAY), Hyundai-Kia (HYMLF) 8.1%
    | Jun. 11, 2014, 8:01 AM | 11 Comments
  • Jun. 10, 2014, 10:38 AM
    • Fiat (FIATY) announced which 83 dealerships in the U.S. will feature Alfa Romeo models.
    • When the +$65K Alfa 4C sports car goes on sale later this year it will be the brand's first appearance in the U.S. since 1996.
    • The company plans to eventually have 300 dealerships in North America.
    | Jun. 10, 2014, 10:38 AM | Comment!
  • Jun. 6, 2014, 9:42 AM
    • Chrysler (FIATY) 10.7K SUV vehicles to address a defect that could potentially lead to unintended acceleration when a drive is in the cruise-control mode.
    • The recall action covers 2014 Dodge Durangos, Jeep Cherokees, Grand Cherokees, and Grand Cherokee SRTs.
    • The "unintended acceleration" phrase resonates in the automobile industry due to Toyota's massive recall and settlement tied to floor mats and gas pedals.
    | Jun. 6, 2014, 9:42 AM | 1 Comment
  • Jun. 6, 2014, 2:28 AM
    • Chrysler (FIATY) recalls 10,700 SUVs to fix a malfunction with unintended acceleration during cruise-control.
    • More than half of the vehicles are still sitting on dealer lots, or are in transit to dealers.
    • The company has had over five recalls since January, recalling over 1.7M vehicles.
    | Jun. 6, 2014, 2:28 AM | Comment!
  • Jun. 3, 2014, 2:53 PM
    • Auto sales in the U.S. got a late boost over the Memorial Day weekend to push the new car sales tally for May to close to 1.6M units.
    • The top seven automakers all beat analyst expectations as consumers were more active than anticipated.
    • General Motors (GM) shook off any worries that the incessant recall news would cut into demand to set a seven-year high for the month, while Subaru (FUJHY) and Toyota (TM) carved out some more market share.
    • Daimler (DDAIF) and Volkswagen (VLKAY) lost ground during the month.
    • Kelley Blue Book reports new car prices in the U.S. rose 2.1% Y/Y to an average transaction price of $32,307. Chrysler (FIATY) led the way with a 4.8% jump.
    | Jun. 3, 2014, 2:53 PM | 8 Comments
  • Jun. 3, 2014, 8:31 AM
    • Chrysler (FIATY) reports truck sales in the U.S. rose 38% in May to help offset a 27% drop in car sales.
    • Sales by model: Jeep Wrangler +18% to 19,235; Jeep Patriot +24% to 8,242; Grand Cherokee +13% to 18,068; Chrysler Town & Country +37% to 14,799; Ram P/U +17% to 37,131.
    • The automaker finished the month with 69 days of supply at 494,482 units - compared to 74 days supply a month ago.
    | Jun. 3, 2014, 8:31 AM | Comment!
  • Jun. 3, 2014, 8:19 AM
    • Chrysler's (FIATY) unit sales +17.0% to 194K vs. the consensus estimate of analysts for a 14.0% increase.
    • Sales for the Jeep brand were up 58% Y/Y during the month as new model introductions continued to resonate with consumers.
    • The Ram brand saw a steady sales increase of 17%.
    • The automaker expects an annualized sales pace of 16.9M units for the industry.
    | Jun. 3, 2014, 8:19 AM | 6 Comments
  • Jun. 2, 2014, 10:58 AM
    • The NHTSA plans to investigate Chrysler (FIATY) for its handling of a recall tied to faulty airbags after receiving complaints from consumers that fixes from the automaker didn't solve the issue.
    • The recall of Jeep Liberty and Grand Cherokee SUVs dates back to 2012.
    | Jun. 2, 2014, 10:58 AM | Comment!
  • May 29, 2014, 8:19 AM
    • Consumer Reports says fuel economy tests on the Honda Accord hybrid indicate the model failed to deliver the 47 mpg posted on the window sticker on dealer lots.
    • Testing by CR found a combined highway and city rating of 40 mpg for the Accord hybrid, a bit below the rating of the Toyota Prius hybrid.
    • The bigger picture: Consumer Reports has found several cases of hybrids falling short of the posted fuel economy rating. Recent reviews have also suggested that some hybrid models aren't riding smoothly or handling well under duress.
    • Related stocks: HMC, TM, FUJHY, BAMXY, FIATY
    | May 29, 2014, 8:19 AM | 6 Comments
  • May 28, 2014, 9:25 AM
    • The May sales forecast from Cars.com contains an interesting tidbit on which automakers have picked up the most market share in the U.S. over the last year.
    • While Ford (15.9%), Toyota (14.2%), and General Motors (17%) are all projected to claim a lower share than a year ago, Cars.com has Chrysler (FIATY) picking up 80 bps to a 12.4% share.
    • It also appears sleeper Subaru (FUJHY) is continuing to come on strong.
    | May 28, 2014, 9:25 AM | Comment!
  • May 28, 2014, 7:05 AM
    • Kelley Blue Book forecasts a 6.7% gain in new vehicle sales to 1.54M units in May.
    • The compact SUV/crossover segment is expected to show the strongest pace of growth with a 11.9% increase, while KBB sees the mid-size segment lagging with a 2.5% rise.
    • Sales growth forecast by manufacturer: Nissan (NSANY) +13.6%; Chrysler (FIATY) +12.8%; General Motors (GM) +7.2%; Toyota (TM) +5.8%; Hyundai (HYMLF) +3.6%; Honda (HMC) +2.1%; Volkswagen (VLKAY) +1.1%, Ford (F) +0.4%.
    | May 28, 2014, 7:05 AM | 10 Comments
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