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Fiat Chrysler Automobiles NV (FCAU)

  • Mon, Apr. 27, 12:57 PM
    • TrueCar estimates U.S. car sales will rise 6.1% Y/Y in April to 1.475M units.
    • Strong demand is expected to be reported in the crossover, SUV, and pickup truck segments. Incentive spending is seen increasing 0.6% Y/Y to $2,601 per unit. April U.S. forecasts from TrueCar by automaker are listed below.
    • Fiat Chrysler Automobiles (NYSE:FCAU): +10.6% to 198.6K units, market share +60 bps Y/Y to 13.5%.
    • Ford (NYSE:F): +6.2% to 223.3K units, market share flat at 15.1%.
    • General Motors (NYSE:GM): +5.9% to 269.1K units, market share -10 bps Y/Y to 18.3%.
    • Honda (NYSE:HMC): +1.9% to 135K units, market share -30 bps Y/Y to 9.2%.
    • Hyundai (OTC:HYMLF): -5.8% to 62.3K units, market share -60 bps to 4.2%.
    • Kia (OTC:HYMLF): +7.9% to 57.9K units, market share flat at 3.9%.
    • Nissan (OTCPK:NSANY): +8.7% to 113K units, market share +20 bps Y/Y to 7.7%.
    • Subaru (OTCPK:FUJHY): +23.5% to 49.5K units, market share +50 bps Y/Y to 3.4%.
    • Toyota (NYSE:TM): +3.4% to 206.4K units, market share -40 bps Y/Y to 14.0%.
    • Volkswagen (OTCQX:VLKAY): -4.7% to 48.4K units, market share -40 bps Y/Y to 3.3%.
  • Thu, Apr. 16, 9:00 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) car registrations +15.7% to 97,796 units in March, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +10.6% Y/Y in March, powered by double-digit growth in Spain, Italy, and France. YTD registrations +8.6%.
    • Fiat Chrysler market share: 5.9% vs. 5.7% a year ago.
    • Fiat Chrysler YTD registrations +11.6%.
    • Results include the Fiat, Lancia, Chrysler, Alfa Romeo, and Jeep brands.
    • EAMA release (.pdf)
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  • Wed, Apr. 15, 9:03 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) doesn't intend to sell off more than a 10% stake in Ferrari during the IPO of the brand, according to CEO Sergio Marchionne.
    • It's a change in direction of comments made a month ago by the Fiat boss.
    • Ferrari is expected to increase production after the IPO from its current level of 7K sports cars a year.
  • Tue, Apr. 14, 10:38 AM
    • Fiat Chrylser Automobiles (NYSE:FCAU) recalls 5,660 Fiat 500 electric vehicles due to a software glitch.
    • The recall action covers the 2014 to 2015 Fiat 500e model years.
    • The automaker cites a risk of the electric propulsion system shutting down due to the software issue.
    • NHTSA recall notice (.pdf)
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  • Sat, Apr. 11, 7:00 AM
    • The auto sleuths at tip that the next version of the Chevrolet Silverado could include aluminum body parts (Silverado pics).
    • The 2016.5 Silverado model is expected to be unveiled later this year.
    • The development follows the bold bet Ford made this year with a move to aluminum with the F-150.
    • Demand for the new F-150 has been solid amid stellar reviews, although the fuel economy impact of trimming 700 pounds from the new F-150 was muted a bit when gas prices fell sharply last fall.
    • Fiat Chrysler Automobiles (NYSE:FCAU) has been toying with a plan to use aluminum with the next-gen Jeep Wrangler.
    • Initiatives by General Motors (NYSE:GM) or Fiat Chrysler to use aluminum could benefit Alcoa (NYSE:AA), Kaiser Aluminum (NASDAQ:KALU), and Constellium (NYSE:CSTM).
    • Related Aluminum ETFs: JJU, FOIL.
  • Fri, Apr. 10, 6:51 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) prices its new $3.B debt offering.
    • The automaker will float $1.5B in 5-year notes paying 4.50% and $1.5B in 8-year notes with a coupon rate of 5.25%.
    • A bulk of the funds is expected to go toward paying off higher-rate debt.
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  • Thu, Apr. 9, 9:19 AM
    • Execs with Alcoa gave an inside look at automobile industry demand trends during the firm's earnings call yesterday.
    • The company sees pent-up demand in the U.S. and lower gas prices backing a seasonally adjusted selling rate of over 17M units.
    • The average fleet age in the U.S. is still over the historic average and inventories are down, they noted.
    • Alcoa CEO Klaus Kleinfeld pointed out that China has about 9M vehicles in the road that don't comply with the Clean Air Act and sees upside for Western Europe.
    • Alcoa earnings call transcript
  • Wed, Apr. 8, 3:08 PM
    • Fiat Chrysler Automobiles (FCAU +1.3%) will invest $540M to produce new engines for the relaunch of the Alfa Romeo brand.
    • The company is adding eight new Alfa Romeo models over the next few years in an aggressive push to grow sales.
    • Alfa Romeo cars will be manufactured in Italy.
  • Wed, Apr. 8, 6:55 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) announces it plans to offer $3B in new senior notes to investors.
    • The company says it will use the proceeds to redeem higher rate debt.
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  • Wed, Apr. 1, 9:07 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) reports records its 60th straight month of year-over-year sales gains for March.
    • Brand sales growth: Fiat -5% to 4,494; Chrysler +15% to 30,038; Jeep 23% to 17,524; Dodge -24% to 46,049; Ram +1% to 45,023; Alfa Romeo 73 (new).
    • Model sales growth: Jeep Patriot +41% to 11,849; Jeep Wrangler +21% to 12,911; Jeep Cherokee +38% to 19,033; Chrysler 200 +155% to 19,190; Dodge Dart +56% to 9,572; Ram P/U -2% to 41,595; Chrysler Town & Country -59% to 5,489; Fiat 500L -14% to 1,218; Alfa Romeo 4C (new) 73.
    • The automaker says it ended the month with 73 days supply of inventory vs. 85 days last month and 101 days in January.
    • Previously: Fiat Chrysler Automobiles March U.S. sales
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  • Wed, Apr. 1, 8:41 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) unit sales +1.7% to 197,621 units vs. +2.6% consensus estimate.
    • Car sales increased 12% during the month to 52,644 - while truck sales declined 2% to 144,617.
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  • Wed, Mar. 25, 9:44 AM
    • U.S. sales for Fiat Chrysler Automobiles (NYSE:FCAU) will increase 1.3% Y/Y to 197.5K in March, according to an estimate from
    • Fiat Chrysler's market share is forecast to be 13.0% vs. 13.0% in February and 12.7% a year ago in March.
    • Incentive spending by Fiat Chrysler +7.4% Y/Y and +2.2% M/M to $3,451 per unit vs. the industry average of -1.3% Y/Y and +0.4% M/M.
    • Total U.S. new vehicles sales are expected to fall 0.8% Y/Y during March to 1.5247M
  • Tue, Mar. 24, 10:17 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) says it will tackle developing an electric minivan.
    • The vehicle is most likely to be a hybrid plug-in model.
    • The automaker doesn't have a hybrid in its lineup at the moment.
    • An introduction of the Chrysler EV minivan is expected at the 2016 North American International Auto Show next January.
    • Automobile experts see some upside in the electric minivan market as the option makes sense for many family-oriented drivers.
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  • Mon, Mar. 23, 7:41 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) CEO Sergio Marchionne hasn't been shy about his desire to see the company find a merger partner.
    • The likeliest candidates are to be found in Asia, instead of Europe or the U.S. - according to Larry Vellequette from Automobile News.
    • He thinks Suzukui (OTCPK:SZKMY), Mazda (OTCPK:MZDAY), and Hyundai (OTC:HYMLF) top the list.
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  • Fri, Mar. 20, 11:10 AM
    • A self-driving car from Tesla Motors (NASDAQ:TSLA) would be considered legal in 45 states at the moment, according to analysis from Wired.
    • That 90% ratio is expected to change.
    • The self-driving issue is likely to be teed up politicians and regulators over the next year as Tesla's new software update pushes up the timetable on the autonomous car concept.
    • In Germany, for example, an explicit ban exists on autonomous driving.
    • Another riveting puzzle: How does the software code get tested?
    • There's also the question of what the insurance industry will have to say about the burgeoning technology and how much advanced sensor components will cost.
    • Automobile experts think some functions such as self-parking, car retrieval features, and collision prevention technology will be approved federally and locally - while the full Muskonian dream may be a reach.
    • BMW (OTCPK:BAMXY), Google (NASDAQ:GOOG), Audi (OTCQX:VLKAY), Mercedes-Benz (OTCPK:DDAIF), and Nissan (OTCPK:NSANY) are the other companies/brands out in front with self-driving car development.
    • The Detroit Three (GM, F, FCAU) are mainly just kicking the tires on the concept.
    • Previously: Tesla Motors talks range and self-driving features (Mar. 19 2015)
  • Tue, Mar. 17, 8:00 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) car registrations +11.2% to 66,133 units in February, according to the European Automobile Manufacturers Association.
    • Overall EU registrations +7.3% Y/Y in February, led by double-digit growth in Spain, Italy, and the U.K. YTD registrations +7.0%.
    • Fiat Chrysler market share: 6.9% vs. 6.6% a year ago.
    • Fiat Chrysler YTD registrations +8.6%.
    • Results include the Fiat, Lancia, Chrysler, Alfa Romeo, and Jeep brands.
    • EAMA release (.pdf)
    | 1 Comment
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