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Fiat Chrysler Automobiles NV (FCAU)

  • Oct. 30, 2014, 7:55 AM
    • Fiat Chrysler Automobiles (NYSE:FCAU) plans to issue a $2.5B convertible bond and offer $100M worth of shares to help fund its aggressive growth plans.
    • Shareholders opting in now for the convertible offering will receive shares in Ferrari as part of the transaction.
    • "Today is a big clean-up day," says CEO Sergio Marchionne about the flurry of moves.
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  • Oct. 29, 2014, 10:56 AM
    • Fiat Chrysler Automobiles (FCAU +11.4%) says it will spin off the Ferrari brand into a separate company.
    • A public offering of 10% of the shares in Ferrari is also planned for next year.
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  • Oct. 29, 2014, 9:35 AM
    • Chrysler (NYSE:FCAU) recalls 381,876 Ram trucks to address an issue with diesel engines which could lead to a fire.
    • Models covered by the recall action include 2010-2014 Ram 2500 and 3500 pickups, as well as some 4500 and 5500 vehicles.
    • NHTSA notice
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  • Oct. 28, 2014, 9:46 AM
    • Fiat Chrysler Automotive (NYSE:FCAU) says its highest-ranking quality exec, Doug Betts, has left the company to pursue other interests.
    • Insider Matthew Liddane was tapped by the automaker to fill the position.
    • Earlier this week, Fiat Chrysler brands rated poorly on a study of reliability conducted by Consumer Reports.
    • Consumer Reports: "Fiat-Chrysler sits at the bottom of the pack, with four of its brands—Dodge, Ram, Jeep, and Fiat—sweeping our least-reliable rankings."
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  • Oct. 27, 2014, 10:43 AM
    • Kelley Blue Book forecasts new-vehicle sales in the U.S. will increase 5.4% Y/Y to 1.27M units in October.
    • The research firm warns that the ratio of incentive spending to ATP (average transaction price) is at the highest level in the industry since 2010.
    • The compact SUV/crossover segment is expected to see the strongest growth rate during the month at 13.6%.
    • KBB sales forecast by manufacturer: General Motors (NYSE:GM) +4.2% to 236K; Toyota (NYSE:TM) +5.9% to 179K; Ford (NYSE:F) -3.3% to 185K; Chrysler Automotive Group (NYSE:FCAU) +19.2% to 167K; Honda (NYSE:HMC) +4.8% to 114.5K; Nissan (OTCPK:NSANY) +12.1% to 102K; Hyundai (OTC:HYMLF) +6.1% to 99K; Volkswagen (OTCQX:VLKAY) +2.9% to 46K.
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  • Oct. 25, 2014, 9:27 PM
    • The Transportation Department will conduct an internal review of the National Highway Traffic Safety Administration in response to a series of recent safety failures, including this week's 7.8M vehicle recall, Reuters reports.
    • The House of Representatives' Energy and Commerce Committee is to hold an initial briefing with U.S. safety regulators next week to learn the details of the regional recalls affecting 10 automakers - Toyota (NYSE:TM), Honda (NYSE:HMC), Mazda (OTCPK:MZDAY), BMW (OTCPK:BAMXY), Nissan (OTCPK:NSANY), Mitsubishi (OTC:MMTOY), Subaru (OTCPK:FUJHY), Chrysler (NYSE:FCAU), Ford (NYSE:F) and General Motors (NYSE:GM).
    • It was reported on Friday that the Obama administration will likely nominate a permanent chief of the NHTSA within two weeks.
  • Oct. 22, 2014, 2:35 AM
    • The NHTSA has expanded its warning about faulty airbags made by Takata (OTCPK:TKTDY) to 6.1M U.S. vehicles.
    • "The National Highway Traffic Safety Administration urges owners of certain Toyota (NYSE:TM), Honda (NYSE:HMC), Mazda (OTCPK:MZDAY), BMW (OTCPK:BAMXY), Nissan (OTCPK:NSANY), Mitsubishi (OTC:MMTOY), Subaru (OTCPK:FUJHY), Chrysler (NYSE:FCAU), Ford (NYSE:F) and General Motors (NYSE:GM) vehicles to act immediately on recall notices to replace defective Takata airbags," it said in a statement.
    • The previous warning, issued on Monday, covered 4.7M vehicles.
    • Update: Recall has been expanded to 7.8M vehicles.
  • Oct. 17, 2014, 7:40 AM
    • Automobile registrations rose 6.4% to 1.235M vehicles in September, according to the European Automobile Manufacturers Association.
    • A strong rate of growth was seen across European Union nations.
    • The month included an extra selling day compared to a year ago.
    • Sales growth by automaker: Volkswagen (OTCQX:VLKAY) +6.7%, Peugeot (OTCPK:PEUGY) +9.8%, Fiat (NYSE:FCAU) +6.1%, General Motors (NYSE:GM) -5.9, Renault (OTC:RNSDF) +10.7, Daimler (OTCPK:DDAIF) +5.2%, Toyota (NYSE:TM) +0.4%, Ford (NYSE:F) +6.7%, BMW (OTCPK:BAMXY) -1.0%, Nissan (OTCPK:NSANY) +16.9%, Hyundai (OTC:HYMLF) +6.3%, Mazda (OTCPK:MZDAY) +26.4%, Subaru (OTCPK:FUJHY) +8.5%, Jaguar Land Rover (NYSE:TTM) +3.9%.
  • Oct. 16, 2014, 11:32 AM
    • An American model has cracked the top ten in Japan's Car of the Year competition for the first time ever with the new Jeep Cherokee slotting in at number eight.
    • Though the 2015 Mazda2 (OTCPK:MZDAY) landed the big trophy, the Cherokee's strong reception in Japan is in the words of a "seriously big deal" for Fiat Chrysler Automotive (NYSE:FCAU).
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  • Oct. 16, 2014, 8:10 AM
    • Fiat Chrysler Automotive (NYSE:FCAU) recalls 900K vehicles in separate recall actions.
    • The first broad recall of 470K cars and SUVs is tied to a problem with an amp alternator.
    • The second recall of 437K Jeep Wranglers from the model years 2011 to 2013 is due to the risk of an electrical short in the power mirror.
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  • Oct. 14, 2014, 9:32 AM
    • Fiat Chrysler Automotive (NYSE:FCAU) recalls 184K vehicles to address a possible electronics issue which could affect air bag deployment and seat belt pretensioners.
    • The recall action covers some 2014 Dodge Durango and Jeep Grand Cherokee SUVs.
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  • Oct. 13, 2014, 4:32 PM
    • Fiat Chrysler Automotives (NYSE:FCAU) ended its first day on the NYSE down 0.9% from the opening price of shares.
    • Secondary shares listed in Milan closed with a 4% gain.
    • Fiat Chrysler CEO Sergio Marchionne talked up the automaker on the floor of the exchange during the day: "One of the Detroit Three is coming home."
    • Automobile analysts see the bigger story as the ambitious plan of the company to boost vehicles by 60% to 7M per year by 2018. Many see Marchionne's goal as a bit too high.
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  • Oct. 13, 2014, 9:49 AM
    • Fiat Chrysler Automotive (NYSE:FCAU) begins trading on the NYSE at $9 per share.
    • Shares drove to as high as $9.40 in the first batch of trades.
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  • Oct. 12, 2014, 5:53 AM
    • Fiat (OTCPK:FIATY, OTCPK:FIADF) confirms the execution of its merger deed with Chrysler at a ratio one Fiat share for one FCA share (Fiat Chrysler Automobiles).
    • Shares will begin trading under the symbol FCAU tomorrow morning.
    • Note: Seeking Alpha alert subscribers to FIATY  and FIADF will be auto-subscribed to the new symbol FCAU.
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  • Oct. 8, 2014, 1:53 PM
  • Oct. 8, 2014, 7:50 AM
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