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Fiat Chrysler Automobiles NV (FCAU)

  • Wed, Sep. 23, 6:59 AM
    • Pope Francis will speak directly to Americans for the first time today and hold private talks with President Obama.
    • Though the Pope says he isn't a politician, his comments today to Congress on climate control and immigration could interject the Catholic Church into the debate.
    • The frugal Pope is driving around Washington D.C. today in a Fiat 500 (NYSE:FCAU) in what's not a bad bit of free publicity for the model. It could also be an indication of where the pontiff stands on fuel efficiency.
    | Wed, Sep. 23, 6:59 AM | 22 Comments
  • Tue, Sep. 22, 11:03 AM
    • There's some anxiety with investors over Tata Motors (TTM -6.7%) and Fiat Chrysler Automobiles (FCAU -5.7%) after the Volkswagen emissions scandal.
    • Though neither company is accused of using "defeat devices" like VW to beat emissions testing, calls have increased in Europe for a broader probe into the industry.
    • Daimler (OTCPK:DDAIF) and BMW (OTCPK:BAMXY) fell 7.1% and 5.5%, respectively, in European trading.
    • Ford (F -3.6%), Toyota (TM -2.6%), Honda (HMC -2.5%), and General Motors (GM -2.5%) are also lower than broad market averages with global growth concerns adding significantly to the regulatory firestorm.
    • Previously: Volkswagen -35% in two-day drubbing after cheating scandal (Sep. 22 2015)
    • Previously: Volkswagen scandal weighs down auto parts sector (Sep. 22 2015)
    | Tue, Sep. 22, 11:03 AM | 58 Comments
  • Mon, Sep. 21, 10:05 AM
    • Major auto parts suppliers are trading lower after the world's largest automaker (by 1H sales) is accused of purposefully manufacturing cars with a defeat device to beat emissions testing.
    • The long-term impact of the Volkswagen scandal is still being debated, but anxiety is higher after the development.
    • Decliners include BorgWarner (BWA -2.4%), Tenneco (TEN -0.8%), Delphi Automotive (DLPH -1.1%), Autoliv (ALV -0.9%), Standard Motor Products (SMP -0.3%), Meritor (MTOR -0.3%), and Federal-Mogul Holdings (FDML -0.5%).
    • Navistar (NAV -0.9%) and Fiat Chrysler Automobiles (FCAU -1.4%) are also noticeably lower than broad market averages.
    • Previously: Volkswagen orders probe into EPA emissions violations (Sep. 20 2015)
    • Previously: Volkswagen down 20% as diesel scandal reverberates (Sep. 21 2015)
    | Mon, Sep. 21, 10:05 AM | 1 Comment
  • Fri, Sep. 18, 12:26 PM
    | Fri, Sep. 18, 12:26 PM | 307 Comments
  • Fri, Sep. 18, 10:50 AM
    | Fri, Sep. 18, 10:50 AM | 81 Comments
  • Wed, Sep. 16, 1:24 PM
    • Details are thin, but enthusiasm is high over the deal struck between Fiat Chrysler Automobiles (FCAU +0.3%) and the UAW.
    • What is known is that the gap between Tier 1 and Tier 2 workers has been narrowed and significant progress made on setting up a shared healthcare pool across the Detroit Three.
    • A ratification vote by Fiat's UAW workers is expected within a few weeks before Ford (F +2.7%) and General Motors (GM +0.4%) get their crack at working on a new deal.
    • Previously: Fiat Chrysler, UAW reach tentative labor deal (Sept. 15)
    | Wed, Sep. 16, 1:24 PM | 13 Comments
  • Tue, Sep. 15, 7:53 PM
    • The UAW has reached a tentative labor deal with Fiat Chrysler (NYSE:FCAU), its lead target among the big three U.S. automakers, after a long night of negotiations.
    • The union hopes the deal can be used as a template for deals with Ford and GM -- who each extended their deals with the UAW past a midnight deadline on Monday to allow more time to wrap negotiations.
    • Fiat Chrysler has about 36,000 hourly workers in the U.S. represented by the UAW; about 140,000 hourly workers in total are continuing to work under the terms of the 2011 labor contract.
    • FCAU shares were up 3.4% today.
    • Previously: UAW talks with Fiat extend beyond deadline (Sep. 15 2015)
    • Previously: Fiat Chrysler CEO to focus on UAW negotiations (Sep. 14 2015)
    • Previously: UAW and Detroit Three ratchet up talks (Sep. 13 2015)
    | Tue, Sep. 15, 7:53 PM | 9 Comments
  • Tue, Sep. 15, 9:02 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) car registrations +13.9% to 39,923 units in August, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +11.5% Y/Y to 781,583 units in August led by strong demand in France, the UK, Spain, and Italy.
    • Fiat market share: 5.1% vs. 5.0% a year ago.
    • Fiat YTD registrations +13.2%.
    • Results include the Fiat, Jeep, Lancia/Chrysler, and the Alfa Romeo brands.
    • EAMA release (.pdf)
    | Tue, Sep. 15, 9:02 AM | Comment!
  • Mon, Sep. 14, 8:12 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) CEO Sergio Marchionne will skip the Frankfurt Auto Show to give his full attention to labor talks with the UAW, reports Reuters.
    • Yesterday, UAW picked Fiat to be its lead target in labor negotiations with the Detroit Three.
    | Mon, Sep. 14, 8:12 AM | 1 Comment
  • Sun, Sep. 13, 3:06 PM
    • Negotiations between Detroit automakers and the UAW continued over the weekend as a Monday evening expiration of labor contracts looms large.
    • Auto workers have a great deal more leverage in the talks this year with profit at General Motors (NYSE:GM), Ford (NYSE:F), and Fiat Chrysler Automobile (NYSE:FCAU) at a higher level than the last three negotiating rounds where concession where made.
    • A major development to watch is if a pooled healthcare plan for all UAW workers can be hashed out.
    • Updated: The UAW has announced Fiat Chrysler Automobiles will be its lead target in contract talks. Fiat has a higher percentage of Tier 2 workers (entry-level) than Ford or GM.
    | Sun, Sep. 13, 3:06 PM | 78 Comments
  • Thu, Sep. 10, 10:49 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) recalls 1.5M trucks globally to address an issue with driver-side air bags and issues arising from a side impact.
    • The majority of the vehicles recalled were Ram pickups - including the 1500, 2500, and 3500 models.
    • NTSA recall notice (.pdf) impacting the U.S. vehicles
    | Thu, Sep. 10, 10:49 AM | Comment!
  • Thu, Sep. 10, 8:28 AM
    • Automobile sales in China fell 3% to 1.7M in August, according to an official tally from the China Association of Automobile Manufacturers. Tighter restrictions on pollution and the impact of a cooler China economy remain significant factors.
    • The decline is an improvement over the 7.1% slide in July, but puts YTD sales growth flat compared to last year. A top official with CAAM warns negative sales growth for the full year is possible.
    • Strong sales of SUVs in the nation couldn't offset weak demand for sedans during the month.
    • Domestic brands took sales from global sellers in August, improving their market share by 50 bps to 39.4%. Japanese automakers have also gained ground over the last several months. The development hits German automakers and the Detroit Three particularly hard due to their investments in China.
    • Some analysts think sales could be tepid until the Chinese New Year next February when demand is traditionally stoked.
    | Thu, Sep. 10, 8:28 AM | 32 Comments
  • Tue, Sep. 8, 9:14 AM
    | Tue, Sep. 8, 9:14 AM | 2 Comments
  • Sun, Sep. 6, 3:33 PM
    | Sun, Sep. 6, 3:33 PM | 38 Comments
  • Sat, Sep. 5, 12:02 PM
    • News in the automobile industry this week continues to indicate seismic changes are coming.
    • The Silicon Valley factor: A deeper commitment by Apple and Google in the automobile sector is widely anticipated, although an all-in bet on the manufacturing side is still considered a reach. Key acquisitions, partnerships, or joint ventures in software, self-driving technology, and infotainment systems could sort out the winners from the losers. German players BMW (OTCPK:BAMXY) and Mercedes-Benz (OTCPK:DDAIF) could be in the mix.
    • The Sergio factor: Though the Fiat Chrysler Automobiles (NYSE:FCAU) CEO continues to make some bold projections on the powerful merger synergies a tie-up with General Motors (NYSE:GM) would create, his math works for other combinations within the industry as well. Nissan (OTCPK:NSANY), Tata Motors (NYSE:TTM), Honda (NYSE:HMC), and Volvo (OTCPK:GELYF) are each struggling in various markets.
    • The Tesla factor: Tesla Motors (NASDAQ:TSLA) has engaged in a war of words with Toyota (NYSE:TM) in the electric vs. hydrogen debate. The EV automaker is also in a race with General Motors and Nissan over developing a mass-market EV with the driving range and sticker price to sell at scale. There's also been a tug-of-war over employees with Silicon Valley counterpart Apple. With so many enemies, some analysts think Tesla needs more friends in the space. Who has the ~$40B-$50B to buy out Elon or the moxie to strike a strategic partnership?
    • Looking for a wildcard? Sony (NYSE:SNE) CEO Kazuo Hirai told the Financial Times this week that his company would absolutely partner with an automobile company if a deal makes sense.
    | Sat, Sep. 5, 12:02 PM | 97 Comments
  • Fri, Sep. 4, 9:27 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) has a market capitalization of roughly $18B in front of the the spin-off of Ferrari, a mark that will end up being considerably less than half of the cap of General Motors (NYSE:GM) after the deal is completed, according to analysis from Bloomberg.
    • The comparison makes it clear GM shareholders would have a controlling interest in a combined entity.
    • Fiat boss Sergio Marchionne, who has made some bold projections on consolidation synergies, is expected to take a break from pushing loudly for a Fiat-GM combination until the Ferrari separation is completed.
    • Previously: Sergio Marchionne fires up Fiat-GM merger talk again (Aug. 31 2015)
    | Fri, Sep. 4, 9:27 AM | 11 Comments
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