|Bid||65.44 x 0|
|Ask||65.54 x 0|
|Day's Range||64.80 - 65.62|
|52 Week Range||34.80 - 75.76|
|Beta (5Y Monthly)||1.58|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 22, 2021 - Mar 26, 2021|
|Forward Dividend & Yield||0.43 (0.65%)|
|Ex-Dividend Date||Jun 22, 2020|
|1y Target Est||72.13|
The merger between Fiat Chrysler and Peugeot has received regulatory and shareholder approval and is set to complete on Jan. 16.
After more than a year in a tailspin, Italian sports car brand Maserati unveiled on Wednesday a new high performance sports car, part of a bid by parent Fiat Chrysler Automobiles NV to revive its premium vehicle strategy heading into its merger with French automaker Peugeot SA. The Maserati MC20 rollout in Italy's auto city of Modena is part of a parade of new vehicles planned between now and 2023 to bolster Fiat Chrysler's presence in the global high-end auto market. Germany's Porsche, Ferrari NV, Britain's Aston Martin Lagonda, Tesla Inc's Model S and Model X, and others represent tough competition.
Fiat Chrysler's decision to scrap its dividend marks another setback for plans by the Agnelli family's Exor arm to raise cash after a $9 billion sale of its reinsurer unit PartnerRe collapsed this week. Fiat Chrysler (FCA) and French Peugeot owner PSA, which have agreed a tie-up to create the world's fourth largest carmaker, said late on Wednesday they were both withdrawing their annual dividend. Exor, led by Agnelli scion John Elkann and FCA's controlling shareholder with a 28.9% stake, will miss out on around 320 million euros in cash at a time when two deals to reshape its portfolio of businesses have either been scrapped or delayed.