13.20 0.00 (0.00%)
After hours: 7:35PM EDT
|Bid||13.20 x 1100|
|Ask||13.35 x 1000|
|Day's Range||13.17 - 13.36|
|52 Week Range||12.11 - 17.46|
|Beta (3Y Monthly)||1.68|
|PE Ratio (TTM)||5.69|
|Forward Dividend & Yield||0.73 (5.51%)|
|1y Target Est||17.20|
Fiat Chrysler will build a new battery assembly complex in its Mirafiori plant in Turin, with an initial investment of 50 million euros ($56 million), the carmaker said on Tuesday. Batteries produced in the new complex will be used by the new generation of full electric models that the company is planning to roll out, Fiat Chrysler (FCA) said in a statement. The investment is part of a plan announced by FCA last year to spend 5 billion euros in Italy between 2019-2021 to help the group to launch its first electric and hybrid models and to fill capacity utilization at its Italian plants.
Dodge fans who want to order their Charger or Challenger to their perfect specification need to act quickly; 2019 model year ordering closes Wed., Oct. 23, 2019 AUBURN HILLS, Mich. , Oct. 22, 2019 /PRNewswire/ ...
Ford (F) is scheduled to report its third-quarter results on Wednesday after the market close. The stock has increased 21.4% year-to-date.
On October 18, Reuters reported that General Motors (GM) was planning to build premium electric pickup trucks and SUVs starting in late 2021.
FCA to announce Third Quarter 2019 financial results on October 31 Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) announced today that its financial results for the.
People are still buying minivans, but not from Ford (NYSE: F) or General Motors (NYSE: GM). The only domestic manufacturer that still makes minivans is Fiat Chrysler (NYSE: FCAU), which sold 21,697 Chrysler Pacifica minivans in the third quarter of 2019, down 24 percent from a year earlier, and sold 27,456 Dodge Grand Caravan minivans in the quarter, down 20 percent from a year earlier. Automakers make more money selling trucks and sport utility vehicles than selling cars and minivans.
Western Technical College is sponsoring the red, white and blue wrap for the Don Schumacher Racing (DSR) Dodge Charger SRT Hellcat that will be driven by Matt Hagan during the three-day event in Ennis, Texas. Western Technical opened in 1970 and is based in El Paso, Texas.
The FCA Sterling Heights Assembly Plant has been awarded bronze status for its efforts in implementing World Class Manufacturing (WCM), the Company's manufacturing methodology. It becomes the 24th North American facility to reach the milestone award. The plant demonstrated clear WCM know-how and competence through employee-conducted pillar presentations and a review of projects implemented across the shop floor.
Expect a generally uninspiring third quarter from the "Big 3" automakers on continued international uncertainty that’s weighing on sales, one-time product cycle issues and a strike, Bank of America said ahead of earnings reports from the three major U.S. manufacturers. Ford Motor Company (NYSE: F) was “treading water” in the third quarter, while the report from Fiat Chrysler Automobiles NV (NYSE: FCAU) will be “likely uninspiring,” the firm said.
The preliminary tentative agreement includes higher wages for union workers and maintains labor flexibility for GM. It also includes billions of new manufacturing investment for the nation.
Fiat Chrysler Automobiles NV on Wednesday said it faces a $79 million U.S. civil penalty for failing to meet 2017 fuel economy requirements, as regulators reported more automakers were falling short of U.S. greenhouse gas emissions standards. Of 18 major carmakers in the United States, 13 including Fiat Chrysler, failed to comply with fuel economy and greenhouse gas emissions standards for the 2017 model year without using credits, according to the National Highway Traffic Safety Administration (NHTSA).
William O'Neil, a pioneer in the research of selection of winning growth stocks, made big money in the breakout by Chrysler in the 1960s.
Tesla’s electric pickup truck is one of the most anticipated vehicles in recent history. CEO Elon Musk knows how to create hype around new vehicle launches.
Chrysler is turning up the heat in the minivan segment, adding a new Red S Edition for the 2020 model year. The new Red S Edition builds on the popularity of the Chrysler Pacifica S model, adding a crimson customized attitude for the no-compromise minivan.
WASHINGTON, Oct. 14, 2019 /PRNewswire/ -- Leading manufacturer of light tactical vehicles, AM General, together with the Jeep Brand of Fiat Chrysler Automobiles (FCA), today introduced a new light tactical concept vehicle at the Annual Meeting and Exposition of the Association of the U.S. Army (AUSA). The Jeep Gladiator Extreme Military-Grade Truck (XMT) by AM General is the first phase of a collaboration that reunites two companies whose histories trace back to World War II. In creating the Jeep Gladiator XMT, AM General leveraged the Gladiator's class-leading capabilities and customized the truck to meet global customers' needs for a light-weight military truck.
(Bloomberg Opinion) -- At various times during his 14-year tenure as chief executive officer of Fiat Chrysler Automobiles NV, the late Sergio Marchionne held takeover talks with Volkswagen AG.The news that VW is considering a stock-market listing of its Lamborghini supercar division suggests Marchionne continues to influence the German carmaking giant. By spinning off high-value operations such as trucks and sports cars, VW’s boss Herbert Diess would be imitating his Italian peer’s successful approach to creating shareholder value. But Diess is struggling to be as daring, which will make it harder to achieve his goals.When Marchionne took the helm at Italy’s Fiat SpA in 2004, its market capitalization was a pitiful 5.3 billion euros ($5.9 billion). During his reign, he merged Fiat with America’s Chrysler and spun off Ferrari NV and Fiat’s trucks and agriculture machinery business (CNH) into separate companies. When he died last year, the combined equity value of Ferrari, Fiat Chrysler and CNH Industrial NV was 57 billion euros. His successor then completed the 6.2 billion-euro sale of the Magneti Marelli SpA auto parts division.Diess wants VW to hit a market value of 200 billion euros — up from 80 billion euros now, Bloomberg News reported as it broke the news about Lamborghini, adding that a sale of the brand is also under consideration. (VW says there are “no plans for a sale or public offering of Lamborghini”). Including all of Volkswagen’s 12 brands, its financial services arm and its Chinese joint ventures, the company’s sum-of-the-parts valuation could top 215 billion euros, Bloomberg Intelligence analyst Michael Dean estimated in August.In an attempt to realize that value, Diess has started off by following the Marchionne playbook. Fiat began by spinning off CNH in 2012. Diess also kicked off with a June listing of VW’s trucks arm, Traton SE.Marchionne followed the CNH divestment with the listing of Ferrari in 2016, and now it looks like Diess’s next step might be his own supercar brand. A sale of Volkswagen’s industrial machinery operations Renk AG and MAN Energy Solutions, which is being considered, would be akin to the Magneti Marelli sale. Analysts have even speculated that VW’s alliance with Ford Motor Co. could evolve into a merger, similar to the Fiat-Chrysler deal.Yet there’s a difference between the boldness of the two companies. Fiat spun out CNH by distributing the stock to existing shareholders, and it did the same with what was left of Ferrari’s equity after selling 20% of the company in an initial public offering in New York. Volkswagen, by contrast, sold just 11.5% of Traton to new investors in an IPO and then kept the rest of the stock for itself. In fairness, Diess has to manage a difficult set of stakeholders. The Porsche-Piech family controls VW, while the German state of Lower Saxony has 20% of the voting shares. He also has employee representatives on the board. The Agnelli family, which controls Fiat, backed Marchionne’s ambitions — and became significantly wealthier.Because of its arcane multiple voting-class structure, most Volkswagen shareholders have no say in the running of the company. That might explain why Diess opted for an IPO of Traton rather than a spin-off: Replicating the current VW voting arrangements in a new company wouldn’t have been attractive for new investors. But the listing was so small as not to give new investors any real say in the company’s running anyway. If the Porsche-Piech dynasty really want Diess to increase their riches, they should encourage offerings that unpick some of their own control.To contact the author of this story: Alex Webb at email@example.comTo contact the editor responsible for this story: James Boxell at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Moody's Investors Service, ("Moody's") today affirmed the Baa1 long-term deposit ratings of FCA Bank S.p.A. (FCA Bank, or "the bank"), its long-term issuer rating of Baa1, its standalone Baseline Credit Assessment (BCA) of ba1, and its Adjusted BCA of baa3.
AUBURN HILLS, Mich. , Oct. 11, 2019 /PRNewswire/ -- Observance to run October 11-17 Company to conduct workshops for employees focusing on such topics as bullying, cyberbullying and suicide prevention ...