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, 8:47 AM
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)
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.
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, 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.
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.
Mon, Jun. 22, 12:08 PM
- Activist investors holding shares of General Motors (GM +0.9%) won't push the automaker to talk merger with Fiat Chrysler Automobiles (NYSE:FCAU), according to Financial Times.
- Sources say a group of hedge funds that hold about 1.5% of GM's shares value cost-cutting at the company over a complicated Fiat merger plan.
- Their stance is line with GM CEO Mary Barra who has politely declined to talk to her counterpart at Fiat about a combination.
- Previously: Fiat Chrysler Automobiles peers through the looking glass (Apr. 30 2015)
- Previously: Fiat Chrysler CEO seeks activist help for GM merger (Jun. 09 2015)
- Previously: GM, FCA enter full-blown merger standoff (Jun. 18 2015)
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.
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)
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.
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)
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, 12:30 PM| 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, 8:36 AM
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