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Thu, Jan. 14, 1:52 PM| Thu, Jan. 14, 1:52 PM | 2 Comments
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Sep. 28, 2015, 9:56 AM
- European automobile stocks and some associated suppliers are under pressure as the news over the weekend on the Volkswagen scandal wasn't encouraging - including word German prosecutors are probing the actions of high-level VW execs.
- There are fears in the sector over heightened regulatory oversight on emissions standards.
- Previously: Audi says 2.1M vehicles impacted by emissions scandal (Sep. 28 2015)
- Previously: Volkswagen -35% in two-day drubbing after cheating scandal (Sep. 22 2015)
- Decliners: Volkswagen (OTCQX:VLKAY) -7.0%, Tata Motors (NYSE:TTM) -5.1%, Daimler (OTCPK:DDAIF) -3.0%, BMW (OTCPK:BAMXY) -2.8%, Peugeot (OTCPK:PEUGF) -4.8%, Renault (OTCPK:RNLSY, OTC:RNSDF) -4.7%, Fiat Chrysler Automobiles (NYSE:FCAU) -3.5%, Navistar (NYSE:NAV) -2.2%, Autoliv (NYSE:ALV) -1.7%, Toyota (NYSE:TM) -1.5%,
Sep. 15, 2015, 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)
Sep. 8, 2015, 9:14 AM
Jul. 27, 2015, 8:26 AM
- Fiat Chrysler (NYSE:FCAU) slides in early trading after being tagged with a record fine over its safety practices.
- As part of the deal with regulators, Fiat agreed to hire an independent monitor to oversee safety issues.
- Analysts expect limited immediate impact to U.S. sales from the development with rivals Honda and GM tackling major safety flaps of their own.
- FCAU -2.71% premarket in the U.S. after losses of over 3% in European trading.
May 18, 2015, 12:00 PM
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