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Fiat Chrysler Automobiles NV (FCAU)

- NYSE
  • Wed, Jul. 1, 8:56 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) recorded its best month of June sales since 2006 with strong gains again for Jeep and Chrysler models.
    • Brand sales growth: Fiat -30% to 3,137; Chrysler +28% to 30,809; Jeep +25% to 71,529; Dodge -14% to 43,457; Ram +2% to 36,078; Alfa Romeo 25 (new).
    • Model sales growth: Jeep Patriot +41% to 9,691; Jeep Wrangler +17% to 19,159; Jeep Cherokee +39% to 18,472; Chrysler 200 +153% to 18,560; Dodge Dart -7% to 6,702; Ram P/U +1% to 33,332; Chrysler Town & Country -37% to 8,284; Fiat 500 -31% to 2,283; Alfa Romeo 4C (new) 25.
    • The automaker says it ended the month with 78 days supply of inventory vs. 69 days last month.
    • Previously: Fiat Chrysler Automobiles June U.S. sales: +8.2%
    | Wed, Jul. 1, 8:56 AM | 1 Comment
  • Wed, Jul. 1, 8:47 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) unit sales +8.2% to 185,035 units vs. 9%-10% estimated.
    • Car sales increased 17% during the month to 46,258 units.
    • Truck sales +6% to 138,777 units.
    | Wed, Jul. 1, 8:47 AM | Comment!
  • Tue, Jun. 30, 8:44 AM
    • Forecasts for 2015 U.S. auto sales have been pushed higher as consumer confidence is seen staying solid.
    • Some analysts see combined 2015 and 2016 U.S. auto sales topping 34M to mark the best two-year stretch since 2000-2001.
    • The mid-size SUV/crossover segment continues to be a strong area for the sector to the benefit of the Detroit Three (GM, F, FCAU).
    • Under the radar, Subaru (OTCPK:FUJHY) and Mitsubishi Motors (OTCPK:MMTOF) have picked up market share this year.
    • Automobile manufacturers report June U.S. sales tomorrow.
    • Previously: U.S. June auto sales forecast to rise over 6% (June 25)
    | Tue, Jun. 30, 8:44 AM | 49 Comments
  • Mon, Jun. 29, 9:11 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) announces it finalized a €600M ($667.09M) loan from the European Investment Bank.
    • The funds are set toward research and development initiatives for production of vehicles between 2015 and 2017.
    • Detailed studies on fuels for advanced engines and development of efficient vehicle technology are two goals of the EU-backed project.
    | Mon, Jun. 29, 9:11 AM | 1 Comment
  • Thu, Jun. 25, 10:40 AM
    • TrueCar forecasts U.S. auto sales will rise 6.3% in June to 1.51M units.
    • Retail sales are seen rising 7.9% during the month, driven higher by strong demand for crossovers.
    • Sales unit volume growth (Y/Y): Fiat Chrysler Automobile (NYSE:FCAU) +10.1% to 189.5K, Ford (NYSE:F) +3.3% to 228.6K, GM (NYSE:GM) +6.2% to 284K, Honda (NYSE:HMC) +7.3% to 138.5K, Hyundai (OTC:HYMLF) -5.8% to 63.5K, Kia +6.6% to 54K, Nissan (OTCPK:NSANY) +12.5% to 123.4K, Subaru (OTCPK:FUJHY) +11.9% to 46.3K, Toyota (NYSE:TM) +3.0% to 207.8K, Volkswagen (OTCQX:VLKAY) +4.7% to 52,4K.
    • Market share (Y/Y): Fiat Chrysler Automobile +40 bps to 12.5%, Ford -50 bps to 15.1%, GM flat at 18.8%, Honda +10 bps to 9.1%, Hyundai -50 bps to 4.2%, Kia flat at 3.6%, Nissan +50 bps to 8.2%, Subaru +20 bps to 3.1%, Toyota -40 bps to 13.8%, Volkswagen flat at 3.5%.
    • Incentive spending per unit (Y/Y): Fiat Chrysler Automobile -1.2%, Ford -20%, GM +9.8%, Honda +8.5%, Hyundai +34.5%, Kia +18.1%, Nissan +31.4%, Subaru +4.4%, Toyota +0.3%, Volkswagen +3.5%.
    | Thu, Jun. 25, 10:40 AM | 94 Comments
  • Thu, Jun. 25, 3:00 AM
    • Despite calls for consolidation in the auto industry, Fiat Chrysler Automobiles (NYSE:FCAU) CEO Sergio Marchionne said his company is a long way from lobbying General Motors (NYSE:GM) to the negotiating table.
    • The company's previous merger proposal to GM Chief Executive Mary Barra was rebuffed.
    • Asked if he would consider an option of going hostile on the automaker, Marchionne said only that those players who kept wasting capital were acting in that manner.
    | Thu, Jun. 25, 3:00 AM | 8 Comments
  • Tue, Jun. 23, 12:09 PM
    • The NHTSA is on the hot seat along with Takata (OTCPK:TKTDY) and major automakers at a hearing in Washington D.C. on the massive air bag inflator recall.
    • NHTSA Administrator Mark Rosekind admitted to mistakes by the agency, but also called it "overwhelming" to keep pace with the document flow.
    • The actual tally of recalled vehicles may be revised lower due to some double counting.
    • Fiat Chrysler (NYSE:FCAU) and Honda (NYSE:HMC) are the two major automakers seen as having the costliest impact from the Takata meltdown.
    | Tue, Jun. 23, 12:09 PM | Comment!
  • Mon, Jun. 22, 12:08 PM
    | Mon, Jun. 22, 12:08 PM | 5 Comments
  • Mon, Jun. 22, 6:53 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) only plans to sell vehicles in the 500 family and a two-seat roadster in the U.S. for now in a measured approach to re-introducing Fiat.
    • "I am not going to force a product that doesn't fit into the brand," said Fiat brand chief Oliver Francois.
    • U.S. Fiat brand sales are -9% YTD through the end of May.
    | Mon, Jun. 22, 6:53 AM | Comment!
  • Tue, Jun. 16, 7:53 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) car registrations +9.0% to 78,387 units in May, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +1.3% Y/Y to 1,109,893 units in May with demand strong in Poland, Czech Republic, Italy, and Spain.
    • Fiat market share: 6.8% vs. 6.3% a year ago.
    • Fiat YTD registrations +11.5%.
    • Results include the Fiat, Jeep, Lancia, Chrysler, and Alfa Romeo brands.
    • EAMA release (.pdf)
    | Tue, Jun. 16, 7:53 AM | 4 Comments
  • Thu, Jun. 11, 12:34 PM
    • Fiat Chrysler Automobiles (FCAU +0.5%) is on to merger Plan B after failing to generate any interest at General Motors over a combination, sources tell Bloomberg.
    • Asian automakers Mazda (OTCPK:MZDAY), Honda (NYSE:HMC), Suzuki (OTCPK:SZKMF, OTCPK:SZKMY) and Hyundai (OTC:HYMLF) are the next logical choices to talk consolidation - while Peugeot Citroen (OTCPK:PEUGF) could also get a call from Sergio Marchionne.
    • Volkswagen (OTCQX:VLKAY) is considered a long shot to enter merger discussions with Fiat.
    | Thu, Jun. 11, 12:34 PM | 10 Comments
  • Tue, Jun. 9, 2:18 AM
    • Fiat Chrysler Automobiles' (NYSE:FCAU) Chief Executive Sergio Marchionne is reaching out to hedge funds and other potential allies to prod General Motors (NYSE:GM) into a merger, WSJ reports.
    • Marchionne has been emboldened by recent successes of activist investors at GM and sees them as a means to consolidate the fragmented auto industry.
    • So far, GM has resisted all of Fiat Chrysler's entreaties, including a merger appeal to Chief Executive Mary Barra earlier this year.
    • Previously: GM passes on merger offer from Fiat Chrysler (May. 23 2015)
    | Tue, Jun. 9, 2:18 AM | 39 Comments
  • Fri, Jun. 5, 3:12 PM
    • The NHTSA has received nine complaints on sudden braking triggered by the autonomous system of 2014 Jeep Cherokee vehicles, according to the WSJ.
    • The complaints detail "collision alerts" being sounded when no impediments where in the road.
    • Fiat Chrysler Automobiles (FCAU -2.2%) says it's cooperating with the investigation, but is also known for being one of the more feisty automakers when dealing with regulators.
    | Fri, Jun. 5, 3:12 PM | 5 Comments
  • Fri, Jun. 5, 12:30 PM
    • Fiat Chrysler Automobiles (FCAU -3%) CEO Sergio Marchionne says an IPO for Ferrari won't occur before October 12 due to a technical reason.
    • The public launch of Ferrari has been highly anticipated due to the belief of some analysts the business can develop into a lifestyle brand.
    | Fri, Jun. 5, 12:30 PM | Comment!
  • Tue, Jun. 2, 8:44 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) recorded its 62nd straight month of positive sales growth, led by a strong month for the Jeep Wrangler and Cherokee models as well as momentum with the Chrysler 200 introduction.
    • Brand sales growth: Fiat -19% to 3,867; Chrysler +32% to 29,802; Jeep +13% to 79,652; Dodge -22% to 45,268; Ram +12% to 43,958; Alfa Romeo 40 (new).
    • Model sales growth: Jeep Patriot +31% to 10,782; Jeep Wrangler +16% to 22,324; Jeep Cherokee +23% to 19,669; Chrysler 200 +537% to 20,007; Dodge Dart +flat at 8,667; Ram P/U +8% to 39,952; Chrysler Town & Country -61% to 5,753; Fiat 500 -22% to 2,614; Alfa Romeo 4C (new) 40.
    • The automaker says it ended the month with 69 days supply of inventory vs. 78 days last month and 73 days in March.
    • Previously: Fiat Chrysler Automobiles May U.S. sales: +4.0%
    | Tue, Jun. 2, 8:44 AM | 3 Comments
  • Tue, Jun. 2, 8:36 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) unit sales +4.0% to 202,227 units vs. +2.6% estimated.
    • Car sales increased 27% during the month to 50,762 units.
    • Truck sales -2% to 151,465 units.
    | Tue, Jun. 2, 8:36 AM | 5 Comments
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