Mon, Sep. 28, 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%,
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. 8, 9:14 AM
Mon, Jul. 27, 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.
Mon, May 18, 12:00 PM
Wed, Jan. 28, 8:20 AM
- Fiat Chrysler Automobiles (NYSE:FCAU) reports global shipments rose 3.8% Y/Y to 1.17M units in Q4.
- The automaker improved EBITDA by 39% during the quarter. The EPS mark missed analyst estimates slightly.
- The biggest gains were struck by the automaker in the North American region.
- 2015 guidance: Worldwide shipments of 4.8M-5.0M expected.
- Previously: Fiat Chrysler reports Q4 earnings
- FCAU -1.1% premarket.
Dec. 5, 2014, 2:32 AM
- Fiat Chrysler (NYSE:FCAU) shares are 3.7% lower in AH trading after it announced plans of new offerings, including 87M common shares (valued at $1.15B based on Thursday’s closing price) and $2.5B in mandatory convertible securities.
- The move is aimed at raising fresh capital to pay down debt and bankroll a costly new-model development plan.
- Fiat Chrysler also plans to offer an overallotment of 13M common shares and another $375M in convertible notes if its initial sales generate enough demand to warrant an additional offering.
- Previously: Fiat selling 87M shares, $2.5B in convertible securities
Apr. 3, 2012, 4:29 PMSales figures for new vehicles at the big three U.S. automakers (I, II, III) topped year-ago levels and were near their best levels since before the financial crisis, but General Motors (GM -4.6%) lagged Edmunds.com estimates, posting 12% sales growth in March vs. 21% predicted. Ford (F +0.2%) and Chrysler (FIATY.PK -2%) were in-line. | Apr. 3, 2012, 4:29 PM | 3 Comments
Oct. 12, 2011, 12:32 PMThe UAW-Chrysler (FIATY.PK) deal includes an initial signing bonus of $1,750 per worker, matched again if the carmaker meets profit targets. The pay scale for entry-level workers lines up with rates previously negotiated by Ford (F +3.4%) and General Motors (GM +3.8%), while no cap exists for entry-level hires until 2015. Shares of parent Fiat are up 9.7%. | Oct. 12, 2011, 12:32 PM | Comment!
Aug. 18, 2011, 7:58 AM
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