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Fiat Chrysler Automobiles NV (FCAU)

  • Tue, Sep. 29, 2:11 PM
    • Fiat Chrysler Automobiles (FCAU -1.1%) discloses that it didn't properly notify federal safety authorities about issues with its certain models, including resulting deaths and injuries in crashes.
    • The automaker says it will work closely with the NHTSA to resolve the matter.
    • Earlier this year, Fiat was fined $105M by the NHTSA in a negotiated settlement over mishandling recalls. Increased scrutiny on Fiat after that issue led to today's development.
    | Tue, Sep. 29, 2:11 PM | 1 Comment
  • Tue, Sep. 29, 8:36 AM
    • The U.S. Postal Service orders 9,113 Ram ProMaster 2500 cargo vans to help it delivery large packages. It's another solid win for the ProMaster which has seen U.S. sales increase 95% Y/Y through the end of August.
    • Still at stake is a massive order by the USPS of 180K normal-sized mail delivery vehicles to replace a good portion of its fleet. The USPS is expected to award that contract in 2017.
    • The Ram brand is owned by Fiat Chrysler Automobiles (NYSE:FCAU).
    | Tue, Sep. 29, 8:36 AM | 3 Comments
  • Tue, Sep. 29, 7:29 AM
    • Automobile workers at several Fiat Chrysler Automobiles (NYSE:FCAU) plants have turned down a new labor deal, reports The Wall Street Journal.
    • The early rejections could foreshadow a new round of negotiations between the UAW and Fiat Chrysler will be required.
    • Fiat's plan to move some key production to Mexico appears to be one of the sticking points with workers.
    | Tue, Sep. 29, 7:29 AM | 3 Comments
  • Mon, Sep. 28, 9:56 AM
    | Mon, Sep. 28, 9:56 AM | Comment!
  • Mon, Sep. 28, 7:40 AM
    • Kelley Blue Book forecasts new car sales in the U.S. will jump 11.9% Y/Y in September to 1.39M units. The KBB estimate marks the highest September sales volume since 2006 with a later Labor Day weekend providing a boost.
    • Forecasts by major manufacturers are posted below.
    • General Motors (NYSE:GM): +10.1% Y/Y to 246K units, market share of 17.7%.
    • Ford (NYSE:F): +14.2% to 205K, market share of 14.7%.
    • Toyota (NYSE:TM): +13.6% to 190K units, market share 13.7%.
    • Fiat Chrysler Automobiles (NYSE:FCAU): +10.7% to 188K units, market share of 13.5%.
    • Honda (NYSE:HMC): +14.2% to 135K units, market share 9.7%.
    • Nissan (OTCPK:NSANY): +2.7% to 116K units, market share 8.3%.
    • Hyundai/Kia (OTC:HYMLF): +12.7% to 114K, market share 8.2%.
    • Volkswagen/Audi(OTCQX:VLKAY): +7.8% to 48K, market share 3.5%. The Volkswagen emission scandal hit near the end of the month.
    | Mon, Sep. 28, 7:40 AM | 24 Comments
  • Thu, Sep. 24, 7:36 AM
    • Fiat Chrysler (NYSE:FCAU) slides in early trading as the Volkswagen scandal hangs very heavy over the automobile sector.
    • Investors are concerned that increased regulations will raise costs significantly.
    • Another factor with Fiat is the Sergio mission to find a merger partner for the company. GM has been hesitant to entertain talks on a combination and Volkswagen appears to be out of the running now as an acquirer.
    • Previously: Volkswagen to discuss new management on Friday (Sep. 24 2015)
    • FCAU -4.71% premarket to $13.06.
    | Thu, Sep. 24, 7:36 AM | 3 Comments
  • Wed, Sep. 23, 6:56 PM
    • Volkswagen's (OTCPK:VLKAF, OTCQX:VLKAY) diesel emissions scandal may threaten the future of diesel-powered vehicles, along with their clean air and fuel economy reputation, possibly accentuating “a secular, long-term shift from diesel to gasoline."
    • Max Warburton, an automotive analyst at Bernstein Research, is blunt about whether the scandal means the end of diesel: “Yes, it probably does,” he says.
    • Volkswagen’s headache "is only the latest setback for diesel... Popular, and hence political, opinion is leaning away from diesel, and compliance costs [are] rising," says Exane BNP's Stuart Pearson.
    • Meanwhile, gasoline engines have over the years become smaller, more powerful and with lower emissions.
    • Though diesel cars are fairly rare in the U.S., they are mainstream in Europe, with cheap fuel as the major selling point; in 2014, diesel motors powered 40% of passenger cars on the road in Europe, and diesel cars comprised 53% of all new car sales in the region in 2014.
    | Wed, Sep. 23, 6:56 PM | 42 Comments
  • 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
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