Seeking Alpha

Seeking Alpha Portfolio App for iPad

396 people get FIATY.PK articles and Market Currents by email alert.

Get email alerts on FIATY.PK »

FIATY.PK

Fiat Spa Ads

5/24/2013, 12:35 AM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Friday, June 3, 2011, 4:20 AM The Treasury reached a deal late yesterday to sell its remaining 6% stake in Chrysler to Fiat (FIATY.PK) for $500M, formally cutting the government's ties to the automaker and lifting Fiat's stake to 52%. 2 Comments [Top Stories, U.S. Economy]
Wednesday, June 1, 2011, 12:43 PM Chrysler (FIATY.PK) May U.S. sales: +10% to 115,363 vehicles, vs. Edmunds expectations of +10.6% - a 14th straight month of Y/Y gains. Total cars -4%; trucks +17%. Ram pickup +16% to 20,117. Jeep Wrangler +4% to 10,008. (PR) 3 Comments
Friday, May 27, 2011, 1:19 PM Automakers will report May sales after coming back from the Memorial Day holiday, but it won't look pretty, as ripples from gas prices and supply-chain disruptions come together in the U.S. market. Many analysts think it'll be the low point this year, but it's still a big bump in the road. 1 Comment [Quick Ideas]
Tuesday, May 24, 2011, 12:47 PM Chrysler (FIATY.PK) reports it's paid back the U.S. and Canada in full for $7.5B in loans - $5.9B to the U.S. Treasury. The automaker set up new loans (with an increased focus on bonds), and Fiat kicked in for a stake increase to help fund the payback. Comment! [Breaking News]
Wednesday, May 18, 2011, 5:14 PM Chrysler has lined up investors allowing it to pay off $7.5B in loans from the U.S. and Canadian governments. Details should be finalized by Thursday morning, but the company is set to receive $2.5B in bank loans and issue $3.5B in bonds, with Fiat (FIATY.PK) kicking in $1.3B. The deal will substantially lower the automaker's interest costs. Comment! [U.S. Economy]
Monday, May 16, 2011, 8:13 AM Chrysler (FIATY.PK) is set to reduce the $3.5B loan portion of its refinancing package due to lukewarm reaction, sources say. However Chrysler will increase the $2.5B bond element, which generated a strong response. Investors are wary of the loan because of its large size and Chrysler's prospects. (previous) Comment! [Consumer]
Tuesday, May 3, 2011, 2:56 PM Chrysler (FIATY.PK) April U.S. sales: +22% to 117,225 vehicles. Total cars +18% to 36,075; trucks +25% to 81,150. Ram pickup +29% to 17,680. Caravan -16% to 8,793. Grand Cherokee +189% to 9,802. Wrangler +9% to 9,051. (PR) Comment! [Consumer]
Monday, May 2, 2011, 10:03 AM Chrysler makes its first quarterly net profit since 2006, earning $116M in Q1 as sales jump 35% to $13.1B. Chrysler also unveils how it will repay loans of $7.5B to the U.S. and Canada: it is raising $6.5B in bank loans and bonds, while 30%-owner Fiat (FIATY.PK) is paying $1.3B for another 16%. Comment! [Consumer]
Thursday, April 21, 2011, 9:51 AM Fiat (FIATY.PK) says it will spend $1.3B to raise its controlling stake in Chrysler to 46%, and aims to acquire a majority shareholding this year, which would “enable us to bring to fruition the vision upon which the alliance was founded: the creation of an efficient and competitive global automaker," says Sergio Marchionne, chief executive of both firms. (PR) 1 Comment [M&A]
Wednesday, April 13, 2011, 8:38 AM Chrysler is reportedly due to start selling this month repair parts made by Fiat (FIATY.PK). The news follows Fiat's increase of its stake in Chrysler to 30% from 25%. The Italian car maker aims to raise its holding to 51% by the end of 2011 as it prepares Chrysler for an IPO. Comment! [Consumer]
Friday, April 1, 2011, 12:22 PM Chrysler (FIATY.PK) March U.S. sales: +31% to 121,730 vehicles, vs. Edmunds expectations of +17.1%. A twelfth straight month of Y/Y gains. Car sales reverse trend, gaining 46%; trucks up 27%. Top-selling Ram pickup +23% to 21,898. Caravan +23% to 9,560. (PR) Comment!
Tuesday, March 1, 2011, 12:15 PM Chrysler (FIATY.PK) Feb. U.S. sales: +12.6% to 95,102 vehicles, vs. Edmunds expectations of +3.7%. Eleventh straight month of Y/Y gains, but cars still on the decline (down 31%, while trucks up 32%). Top-selling Ram pickup +82% to 18,644. Dodge Caravan +12% to 10,555. Jeep Grand Cherokee +31% to 8,667. (PR) Comment!
Monday, February 28, 2011, 3:39 PM The head of Ford's (F) European division sees a difficult 2011, pegging Europe's auto production overcapacity at 30-35%. Ford of Europe CEO Stephen Odell notes that if capacity couldn't get cut during the post-GFC slowdown, it's probably not going to happen. Comment! [Global & FX]
Friday, February 11, 2011, 1:10 PM Italy's prime minister, Silvio Berlusconi, calls in Fiat (FIATY.PK) CEO Sergio Marchionne for a meeting amid rumbling this week that Fiat and Chrysler may end up looking like one entity: a Detroit-based one. Berlusconi is backing the company's fight against unions and wants to hear that Italy's biggest manufacturer isn't going to pack up for foreign shores. 2 Comments
Wednesday, February 9, 2011, 2:37 PM "It's making things there quite costly," says Chrysler CEO Sergio Marchionne of the strong Brazilian real (ETF: BZF). Not a large presence outside of North America, Chrysler must pay close attention to foreign exchange rates as it plans for dramatic overseas expansion. FIATY.PK -1.3%. 1 Comment [Global & FX]
Tuesday, February 8, 2011, 11:29 AM With profits back, General Motors (GM) plans to pay its hourly workers their biggest ever bonuses - at least $3,000 each in profit sharing, sources report. Ford (F) paid workers $5,000 in profit-sharing (more than contracted for) and Chrysler (FIATY.PK) wasn't profitable, but paid $750 each. 2 Comments