Fiat S.p.A. Torino is the holding company of the Fiat Group. Through its subsidiaries, Co. is engaged principally in the manufacture and sale of automobiles, commercial vehicles and agricultural and construction equipment. Co. is organized into operating sectors, divided in the two major... More
Monday, Dec 96:57 AMFiat to invest in new models|Monday, Dec 96:57 AM| Comment!
Friday, Dec 62:57 PM
Tuesday, Dec 38:43 AMMore on Chrysler's November U.S. sales haul
Tuesday, Dec 38:43 AM| Comment!
- Chrysler's (FIATY) performance in the U.S. was strong in November as the automaker saw new models perform well. Truck sales during the month rose 26% to 108,308 units while car sales fell 7% to 33,967.
- Brand sales growth: Ram +25%; Chrysler +12%; Dodge +4%; Fiat -15%; Jeep +30%.
- The automaker saw broad sales increases with Jeep as the Grand Cherokee, Wrangler, Patriot, and Compass models each knocked out Y/Y gains. The Town & Country minivan was also a hot seller during the month, up 70% Y/Y to 11,288 units.
- An inventory level of 91 days supply hasn't gone unnoticed by analysts as Chrysler now has more pressure to either sell like mad in December and January or trim late-year production.
Tuesday, Dec 38:21 AMChrysler November U.S. Sales
Tuesday, Dec 38:21 AM| 4 Comments
- Chrysler's (FIATY) unit sales +16% to 142,275, to mark the best sales haul for the month since 2007.
- The automaker's sales total bested estimates calling for a 10%-14% gain, but the late-month level of promotions used to spur buying will be closely watched by analysts.
- The Jeep Cherokee SUV came in strong during the month with sales of 10,169 units.
- The automaker cites a 91-day supply of vehicles.
Tuesday, Dec 37:01 AMFiat readies to bring Jeep Cherokee to China|Tuesday, Dec 37:01 AM| Comment!
Monday, Dec 29:23 AMAutomakers walk tightrope with inventory levels
Monday, Dec 29:23 AM| 4 Comments
- Automakers are walking a tightrope between accounting for strong demand in the U.S. and keeping inventory at levels where they don't have to use painful incentives to clear dealer lots.
- The industry entered November with inventory of 3.4M cars which at 76 days' supply reps the highest level for the month since 2005.
- What to watch: Analysts like the approach of Ford which has scheduled periods of downtime at select plants to keep inventory at optimal levels.
- November U.S. Auto Sales preview
- Related stocks: F, GM, TM, VLKAY, NSANY, HMC, FIATY, HYMLF, DDAIF, BAMXY, TSLA.
Tuesday, Nov 267:14 AMLatest twist in Chrysler IPO|Tuesday, Nov 267:14 AM| Comment!
Monday, Nov 255:34 PM
Monday, Nov 251:32 PMWhat to watch for from November U.S. Auto Sales
Monday, Nov 251:32 PM| 7 Comments
- Automobile sales are forecast to have grown nicely in November from October's shutdown-influenced pace, according to the latest rash of industry predictions.
- Estimates for November range from a Seasonally Adjusted Annual Rate of 15.7M (Edmunds.com) to 16.1M (JD Power) - up from October's 15.154M SAAR.
- What to watch: Ford (F), General Motors (GM), and Chrysler (FIATY) are expected to have picked up market share during the month while Honda (HMC), Hyundai (HYMLF), and Volkswagen (VLKAY) are tapped to retreat a bit. The calendar kicks in an extra selling day which automakers won't highlight greatly. Inventory numbers and average transaction prices will be closely watched. If the former decreases and the latter improves, automobile stocks could rally.
Monday, Nov 2510:48 AMAuto sector watch: Detroit vs. Tokyo battle gets interesting
Monday, Nov 2510:48 AM| 1 Comment
- The attention of the automobile industry shifts this week from the L.A. Auto Show to the Tokyo Motor Show with hydrogen fuel cell technology expected to be a major focus.
- Japanese automakers (NSANY, TM, HMC, MZDAY, SZKMY, FUJHY) will get to strut their stuff on their home turf and justify their lofty global sales targets.
- A weaker yen and major production increases in North America make a compelling case that shares of the group might be as attractive as their Detroit counterparts (F, GM, FIATY).
Monday, Nov 258:26 AM
Monday, Nov 252:48 AMChrysler mulls raising $1.5-2B in IPO
Monday, Nov 252:48 AM| Comment!
- Chrysler is reportedly considering setting the price range of its IPO so that it would raise $1.5-2B, which would give the auto maker a market cap of $9-12B.
- Such a range would value the 41.5% stake held by the United Auto Workers' retiree healthcare trust at $3.7-5B.
- Chrysler expects to fix the range this week and carry out the listing by mid-December in order to avoid the holiday slowdown in the IPO market.
- Alternatively, the external setting of a valuation for the trust's stake could facilitate a deal for Fiat (FIATY) - Chrysler's majority owner - to buy the UAW holding and stop the IPO. Fiat would then be able to merge its operations with Chrysler. (Previously)
Saturday, Nov 2311:45 AML.A. Auto Show wrap: Back to the Future
Saturday, Nov 2311:45 AM| 28 Comments
- The L.A. Auto Show hit full stride with global automakers tipping off plans to ramp up production and designs to take advantage of the North American demand boom.
- Honda (HMC), Toyota (TM), and Hyundai (HYMLF) pounded home the commitment they will make to hydrogen fuel cells. This is no flux capacitor chatter. All three plan to invest to have fuel cell models on the U.S. market within two years, although details on charging station infrastructure are sketchy.
- General Motors (GM) was the talk of the town as the Chevy Colorado truck impressed analysts mightily and looks set to give challengers from Nissan and Toyota a run for their money.
- BMW (BAMXY), Porsche (VLKAY, POAHF), and Mercedes-Benz (DDAIF) all have big plans for the luxury market, while Kia enters the segment as a darkhorse with the K900. Kia?
- On the zero-emission front, Honda was full of swagger by landing a major green award for the new hybrid Honda Accord on gaudy fuel economy ratings.
- Automakers to watch: Subaru (FUJHY) and Chrysler (FIATY) look well-positioned for 2014 market share gains. Tesla (TSLA) CEO Elon Musk is off monitoring his latest Space X rocket, while the Tesla debate gets even livelier on SA.
Thursday, Nov 214:00 PMChrysler valuation in focus
Thursday, Nov 214:00 PM| Comment!
- Banks working with Chrysler (FIATY) eye a valuation of close to $10B for the automaker after mucking around with the numbers, according to a Bloomberg report.
- If the valuation sticks, the slice owned by the UAW trust that is being hotly-contested would be worth roughly $4.2B, below what analysts forecast.
Wednesday, Nov 205:11 PMReuters: Chrysler adds underwriters, eying December IPO
Wednesday, Nov 205:11 PM| Comment!
- Sources tell Reuters Barclays, Goldman, Morgan Stanley, and UBS have been added as bookrunners for Chrysler's (FIATY) upcoming IPO (they join lead underwriters JPMorgan and BofA/Merrill), and that the automaker's offering could take place in December.
- Chrysler has been reporting strong SUV and pickup sales ahead of its IPO, which is the result of majority owner Fiat's failure to buy out the UAW retiree healthcare trust's 41.5% stake.
Wednesday, Nov 202:00 PMFiat moving to second gear in China|Wednesday, Nov 202:00 PM| Comment!