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Fiat Chrysler Automobiles NV (FCAU)

  • Mon, Jan. 5, 12:34 PM
    • The average transaction price paid for a vehicles in the U.S. during December rose 1.9% Y/Y and 1.1% M/M to $33,168, according to an estimate from TrueCar.
    • ATP changes (Y/Y): Hyundai (OTC:HYMLF) +9.4%, Subaru (OTCPK:FUJHY) +4.3%, Volkswagen (OTCQX:VLKAY) +3.7%, Nissan (OTCPK:NSANY) +2.7%, General Motors (NYSE:GM) +2.4%, Ford (NYSE:F) +2.2%, Fiat Chrysler Automobiles (NYSE:FCAU) +1.9%, Kia +1.7%, Honda (NYSE:HMC) +1.2%, Toyota (NYSE:TM) -1.3%.
    • Incentive spending as a percentage of ATP was up 8.7% in December vs. +8.8% in November and +8.4% a year ago. The Big Three Detroit automakers were on the higher end, while Subaru and Toyota were the tightest of the bunch.
    • Previous on U.S. auto sales: Fiat Chrysler Automobiles, Ford, General Motors, Toyota
  • Mon, Jan. 5, 8:21 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) reports sizzling growth for its Chrysler and Jeep brands to close out the year.
    • Brand sales growth: Fiat +1% to 3,784; Chrysler +53% to 30,930; Jeep 19% to 63,274; Dodge -2% to 46,578; Ram +35% to 48,628.
    • Model sales growth: Jeep Patriot +53% to 9,434; Jeep Wrangler +16% to 14,003; Jeep Cherokee +18% to 17,715; Dodge Dart +26% to 6,881; Dodge Ram P/U +32% to 44,222; Chrysler Town & Country +10% to 10,709; Fiat 500L +4% to 1,482; Alfa Romeo 4C (new) 67.
    • The automaker says it ended the month with 72 days supply of inventory vs. 80 days last month.
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  • Mon, Jan. 5, 8:14 AM
    • Chrysler Fiat Automobiles (NYSE:FCAU) unit sales +20% to 193,261 units vs. +22.4% consensus estimate.
    • Car sales rose 19% during the month to 43,475 and truck sales jumped 20% to 149,886.
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  • Thu, Jan. 1, 3:41 AM
    • More than 60M vehicles were recalled in the U.S. in 2014, totaling an average of about two announcements a day and affecting the equivalent of one in five vehicles on the road.
    • GM's (NYSE:GM) defective ignition switch, Honda's (NYSE:HMC) Takata (OTCPK:TKTDY) air bag crisis and Fiat Chrysler's (NYSE:FCAU) flammable gas tanks led the group, doubling the previous U.S. annual recall record set in 2004.
  • Dec. 23, 2014, 2:10 PM
    • U.S. sales for Fiat Chrysler Automobiles (NYSE:FCAU) in December are expected to increase 20.5% to 194K, according to Kelley Blue Book.
    • Fiat Chryler December market share +120 bps to 13.0%.
    • The automaker looks like a lock for its 10th month of double-digit growth this year.
    • Full KBB forecast
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  • Dec. 22, 2014, 11:34 AM
    • Fiat Chrysler Automobiles (NYSE:FCAUrecalls 3.3M cars in the U.S. due to issues tied to Takata.
    • The expanded recall affects an estimated 2.89M vehicles across the United States, 258,586 in Canada, 66,436 in Mexico and 99,030 elsewhere, including several hundred in South Africa.
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  • Dec. 22, 2014, 10:49 AM
  • Dec. 22, 2014, 9:27 AM
    • A tense period of negotiations between the UAW and the Detroit Three (GM, F, FCAU) automakers is expected to build in advance of the expiration of current labor contracts in September of 2015.
    • The labor group is looking to close a large gap between hourly wages for automobile industry entry-level workers and legacy employees.
    • What to watch: There will be a thin line for the UAW in pushing for its increases without giving Japanese automakers OTCPK:NSANY, TM, HMC, OTCPK:MZDAY, OTCPK:SZKMY, OTCPK:FUJHY, OTCPK:MMTOF an edge over the Detroit Three.
  • Dec. 19, 2014, 3:00 PM
    • U.S. automobile sales are forecast to increase 11% in December to an annual selling rate of 16.6M units, according to a fresh forecast from TrueCar.
    • The research firm says the industry benefited from lower gas prices and a better month of weather than was seen a year ago.
    • For the full year, TrueCar expects total U.S. vehicle revenue to be up 8.3% to close to $1T.
    • Transaction prices on new cars are up 1.9% to $31,831 YTD.
    • Used vehicle sales are up 3.3% for the year.
  • Dec. 19, 2014, 2:17 PM
    • The age of connected cars appears closer with Google pushing forward with its next-gen Android M software designed to be integrated into automobiles.
    • The industry has a bit of an uneasy relationship with Google, despite the company's  open-source approach to the technology.
    • Though most major automakers collaborate with Google through the Open Automotive Alliance - which aims for a common platform to drive innovation - the self-driving car initiative of Google and their own infotainment ambitions keep them wary.
    • Analysts originally forecast vehicle-to-vehicle communication would be part of the connected car concept and be integrated into some models by 2016, although that timetable now appears unlikely.
    • What to watch: Before any major breakthrough occurs, the DOT needs to weigh in on next-gen connected cars. That gets trickier with safety and security concerns teed up again after the high-profile GM recall debacle and crippling Sony hacking incident.
  • Dec. 16, 2014, 7:14 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) car registrations +3.7% to 56,485 units in November, according to the European Automobile Manufacturers Association.
    • YTD registrations +3.3% to 696,957 units.
    • Market share: 5.9% in November, 6.0% YTD.
    • Results include the Fiat, Lancer, Chrysler, Alfa Romeo, and Jeep brands.
    • EAMA release (.pdf)
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  • Dec. 12, 2014, 10:07 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) says it has no plans to move the tax base of Ferrari outside of Italy as some media reports have indicated.
    • A statement from Fiat should put an end to some anxiety in Italy over the matter.
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  • Dec. 12, 2014, 7:04 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) dramatically increases the number of recalled cars tied to the Takata airbag inflator issue after being criticized by the NHTSA.
    • A total of 357,933 vehicles are now subject to the recall, including some Dodge Ram pickup and Chrysler 300 models.
    • The automaker says it hasn't identified an inflator defect in any vehicles, but is initiating the recall flurry in an abundance of caution.
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  • Dec. 11, 2014, 6:57 AM
    • The number of CNG-powered vehicles in Europe will grow to between 10M and 12M by 2020, according to a rosy forecast from the Natural and Bio Gas Vehicle Association in Europe.
    • The rapid pace of growth predicted would require the support of European governments with tax incentives and the establishment of a network of CNG fueling stations.
    • Volkswagen (OTCQX:VLKAY), Mercedes-Benz (OTCPK:DDAIF), and Fiat (NYSE:FCAU) are the automakers poised to benefit the most if CNG takes off in Europe.
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  • Dec. 11, 2014, 2:52 AM
    • Fiat Chrysler (NYSE:FCAU) has priced an offering of 87M common shares at $11 apiece as it seeks funds to cut debt and bankroll a costly new-model development plan.
    • The automaker also priced a $2.5B offering of mandatory convertible securities due 2016. The securities will pay a coupon of 7.875% per annum.
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  • Dec. 8, 2014, 10:45 AM
    • New data from indicates more than one million cars with a transaction price over $50K will be sold this year.
    • Sales at the price point are up 30.8% through November compared to a year ago.
    • Transactions for cars below the $50K level were up 4.1% for the same time period.
    • Detroit automakers (GM, F, FCAU) have big plans for the Cadillac, Lincoln, and Fiat brands in the U.S. in 2015.
    • Meanwhile, German automakers (OTCPK:DDAIF, OTCPK:BAMXY, OTCQX:VLKAY) are all increasing production capacity in the U.S. based on forecasts for strong high-end sales growth.
    • Strong demand in the U.S. for cars priced over $50K also bodes well for Tesla Motors (NASDAQ:TSLA).
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