|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||23.07 - 23.45|
|52 Week Range||19.46 - 29.74|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||8.91|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.23|
French carmaker PSA, owner of the Peugeot, Citroen and DS brands, will start assembling batteries for its hybrid and electric cars at its plant in Trnava, Slovakia, and later at its plant in Vigo, Spain. The company also expects to assemble batteries at some of its other factories as sales of electric cars pick up, Peugeot's industrial director Yann Vincent said on Friday at a plant in the town of Tremery in eastern France. Vincent added the company expected rising demand for electric and hybrid cars, as well as for vehicles with automatic gearboxes, to offset falling demand for diesel and manual gearbox cars.
Ford said it would close its plant in Bridgend, south Wales next year because of falling demand for some of its engines, putting 1,700 jobs at risk in a further blow to Britain's once booming car industry. Ford, which will take a roughly $650-million pre-tax charge to cover the cost of closing the plant, is making cuts in several countries to turn around loss-making operations in a stagnating European car market. The U.S. automaker has also repeatedly warned the UK government that it needs free trade to be maintained with the European Union after Britain leaves the bloc, but said Thursday's announcement "has nothing to do with Brexit".
Ford will close its engine plant in Bridgend, south Wales, by September 2020, a trade union said on Thursday, putting 1,700 jobs at risk in the latest blow to Britain's car industry. Ford is making cuts in several markets to turn around loss-making operations and has also repeatedly warned the British government that it needs free trade to be maintained with the European Union after Brexit, the terms of which remain unclear.
France's finance minister said on Thursday following the collapse of merger talks between Fiat Chrysler (FCA) and Renault that the government had engaged constructively but failed to win the support of Renault's Japanese partner, Nissan. What remained to be obtained was the explicit support of Nissan," Bruno Le Maire said.
Moody's Investors Service today upgraded the long-term deposit, senior unsecured and issuer ratings of PSA Banque France (PSA BF) to A3 from Baa1. Moody's also upgraded PSA BF's baseline credit assessment (BCA) to baa3 from ba1, its adjusted BCA to baa2 from baa3, its counterparty risk ratings to A2/Prime-1 from A3/Prime-2 and its counterparty risk assessment to A2(cr)/Prime-1(cr) from A3(cr)/Prime-2(cr). The rating agency affirmed the bank's short-term deposit, deposit note program and issuer ratings of Prime-2.
Fiat Chrysler (NYSE:FCAU) has the name and the history, but there's more to do if FACU stock is going to make any real headway.Source: Shutterstock Last week there were rumors that Fiat had been approached by Peugeot (OTCMKTS:PUGOY) about a tie-up. Also in the discussion is a possible merger with Renault (OTCMKTS:RNLSY) and Nissan (OTCMKTS:NSANY) who are in the middle of their own merger. While the rumors led to a brief lift in FCAU stock, Fiat Chrysler's best solution is to build better cars. Quality is now job one at Chrysler. And it's about time. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe late Sergio Marchionne did so many things right when it comes to Fiat Chrysler that it's futile to try to poke holes in the man's legacy. The Agnelli family owe him a lifetime of thanks. * 7 High-Risk Stocks With Big Potential Rewards Recently, 80 World Car Awards jurors from 24 countries named Marchionne the World Car Person of the Year , in large part because of his daring move to take two struggling car companies (Fiat, Chrysler) and merge them into one cohesive unit with strong brands like Jeep and Ram. For me, he was and is one of the best CEOs in modern business history. However, except for Ferrari (NYSE:RACE), he never was able to win many quality awards. Now, his successor, Mike Manley, is attempting to end this losing streak. Quality Is Job OneLast October, Manley put 23-year company veteran Mark Champine in charge of Quality for North America. Formerly, Champine was in charge of Electrified Powertrain Programs in North America. While it won't happen overnight, I believe a genuine commitment by Fiat Chrysler to make quality vehicles is the one thing that can raise the FCAU stock price over the long haul. "No, we're not moving fast enough. We need to move faster to get to … our objective, which is to be among the best. That's our mission," Champine told the Detroit Free Press during a meeting at the company's U.S. headquarters in March. Look, if Champine and the rest of the management at FCAU can live up to the company goal to deliver quality vehicles, mergers such as the ones mentioned this past week will become a lot more expensive for the interested parties. Decision TimeAs a current owner of a 2015 Jeep Cherokee and previous owner of several Jeep and Chrysler products, I can honestly say that quality isn't what comes to mind when I think about my ownership experience. Most of the vehicles I've bought were purchased because I liked the way they looked or drove. None were acquired because I thought they were the most reliable vehicle on the road. A financial planner might tell me I'm shortsighted because cars depreciate significantly, but for a lot of people, their vehicle represents who they are (i.e. You don't buy a Dodge Challenger because you care about gas mileage).That said, I wouldn't know that I've ever cursed the day I bought a Fiat Chrysler product despite experiencing moments of frustration. You shouldn't buy a car or truck if you're not prepared for a little time in the shop. I'm in the process of starting my search for a vehicle to replace my Jeep. My wife and I would like to buy a plug-in hybrid. In the most recent federal Canadian budget, the government introduced a proposal that would allow salaried employees who use a car for work to write off the entire cost of the vehicle up to CAD$55,000. Suddenly, Toyota's (NYSE:TM) 2019 RAV 4 Hybrid is looking very attractive for two reasons: Toyota's known for its reliability, it would fit under the $55,000 maximum, and it's ready for sale.Over at Jeep, plug-in versions of the Renegade and Compass should be available in 2020 sometime. Neither of those vehicles is appealing to us. However, the Alfa Romeo Tonale concept vehicle that recently appeared at the Geneva Auto Show is. There's a problem: It probably won't be available until 2021, and Alfa Romeo's got a history for poor quality. The Bottom Line on FCAU StockIf Fiat Chrysler can get its quality ratings higher, not only will FCAU stock move higher, but they'll likely keep me as a customer. But it better move fast because we can't wait past 2021 to replace our vehicle. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Data Center Buys That Deliver Sizable Income * 7 High-Risk Stocks With Big Potential Rewards * 3 Marijuana Stocks to Watch as New York, New Jersey Delay Legalization Compare Brokers The post At Fiat Chrysler, Quality Is the Way to a Higher FCAU Stock Price appeared first on InvestorPlace.
Will European automaker Fiat Chrysler (NYSE:FCAU) team-up with a rival as a means holding on in a tough environment? Or, have all its potential partners soured on the idea, fearing any union involves too much drama? It's a dilemma you have to consider before investing in Fiat Chrysler stock.Source: Shutterstock It's a question current and prospective owners of Fiat Chrysler stock have been asking themselves for weeks. But, it's a question that won't be answered for a while if it's answered at all.Even the parties that are supposed to be involved in a potential deal aren't entirely sure of what they themselves want to do, let alone what their competitors are thinking. Betting on one particular outcome might be an ill-advised action at this point.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's a rundown of the most plausible outcomes, and the ramifications of each. * 10 Tech Stocks That Transformed Their Business 4 Possibilities for Fiat Chrysler StockNot unlike the U.S. automobile market, Europe's car sales growth is also slowing down in step with slowing economic growth. Moody's as well as LMC Automotive both see car sales growing only 1% in Western Europe this year.The headwind is prompting several European automobile companies to consider alternative arrangements that will bolster bottom lines, even if top-lines are set to stagnate. Fiat Chrysler is no exception to this possibility. However, Fiat Chrysler has also found itself in the middle of something of a soap opera as it and its competitors work to determine what its optimal arrangements might be.As it stands right now, there are four reasonably plausible outcomes that run across the entire spectrum of possibilities. 1.Renault and Nissan Acquire FiatThe most recent speculation isn't exactly a new one to owners of Fiat Chrysler stock. That is Renault (OTCMKTS:RNLSY) and Nissan Motor (OTCMKTS:NSANY) may seek a partnership with Fiat, if not an outright acquisition.The combination of the three organizations would pave the way to becoming more competitive with better-globalized rivals like Volkswagen (OTCMKTS:VWAGY) or Toyota Motor (NYSE:TM).Such a deal would have to clear several hurdles though, chief among them being the fact that Renault and Nissan remain two distinct entities themselves and may well remain that way. Though the two outfits work together, Nissan has always resented Renault's and France's control of the partnership.Further straining the relationship is the fact that Carlos Ghosn, former chairman of Renault and Nissan, was arrested in Tokyo late last year on charges of financial misconduct.Underscoring the lack of communication between Nissan and Renault: When Nissan CEO Hiroto Saikawa was asked if he was aware its European partner was mulling a bid for Fiat, he replied "not at all." 2.Peugeot Buys Fiat ChryslerIt's a relatively new possibility, but there's a chance European rival Peugeot (OTCMKTS:PUGOY) may be interested in Fiat.Such a pairing has the support of at least some analysts. Evercore ISI analyst Arndt Ellinghorst commented "PSA [Peugeot] is essentially an EU pure play as things stand (roughly 90 percent of consolidated unit sales in EU) so an acquisition of a company with a broader reach would make strategic sense."New CEO Carlos Tavares has also confirmed he's interest in dealmaking, including partnerships. 3.Hyundai or Geely Could Acquire FiatThey're fringe possibilities, but possibilities nonetheless. In fact, before Renault, Nissan or Peugeot came (back) into the picture, Geely and Hyundai (OTCMKTS:HYMTF) both planned bids.Geely's Li Shufu spoke with Fiat before making a $9 billion investment in Germany's Daimler (OTCMKTS:DDAIF). Hyundai, meanwhile, was reportedly interested in Fiat in the middle of last year (a rumor Hyundai denied) but a possibility that makes some sense all the same. The buzz was that Hyundai was simply waiting for the price of Fiat Chrysler stock to sink.Acquisition chatter since then has worked against Hyundai, if it was truly interested. 4\. Nothing HappensFinally, as uninspiring as it may be, there's a distinct possibility that absolutely nothing will change for Fiat Chrysler in the foreseeable future.Bernstein analyst Max Warburton is a doubter. He noted following word that Nissan/Renault may be interested "[T]his idea is half-baked, politically almost impossible to deliver and even if achieved, the resulting company would be unmanageable."Warburton went on to say, "We hope it is a banker's fantasy rather than a serious proposal from the key decision makers."Commerzbank analyst Demian Flowers said, "[I]t's far from clear that the alliance can sort their internal disagreements out in time to be in the running for FCA [Fiat Chrysler]."That doesn't necessarily preclude a deal outside of a pairing with Renault, with or without Nissan. But, Warburton made a valid point about the sheer difficulty of any international dealmaking."We live in an era of de-globalisation and heightened anxieties about national and regional identities. This applies to corporations as well as politicians and individuals," he said. Bottom Line for Fiat Chrysler StockThe sheer number of seemingly plausible possibilities is a red flag in and of itself.In the absence of verified discussions or even credible suggestions, the market has a way of filling in the blanks on its own, sometimes reading things into hints that aren't exactly being dropped. Ideas turn into suggestions. Suggestions turn into headlines. Headlines turn into expectations. Often times, they simply don't pan out.Whatever's in the case, owning FCAU stock solely in anticipation of a buyout or partnership remains an ill-advised idea. If it's not worth investing in on its own, it's unlikely another carmaker wants to tackle an integration project, when past cross-border integrations haven't gone terribly well.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 4 Pot Stocks That Could Be Fizzling Out * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix Compare Brokers The post 4 Reasons You Shouldn't Even Consider Buying Fiat Chrysler Stock appeared first on InvestorPlace.
Moody's Investors Service (Moody's) has today assigned a long-term issuer rating of Baa3 to Peugeot S.A. (PSA). Moody's has upgraded PSA's senior unsecured ratings to Baa3 from Ba1 and its other short term ratings to (P) Prime-3 from (P)NP. Concurrently Moody's has upgraded GIE PSA Tresorerie's senior unsecured rating to Baa3 from Ba1 and its commercial paper to Prime-3 from NP.
LONDON (AP) — Gregory McDonald strides across the spotless factory floor at his company, Goodfish, glowing with pride. He plowed his life savings into the injection-molding equipment that churns out plastic parts for everything from aircraft to sprinkler systems and disposable medical devices. He's ready to do anything necessary to protect that investment.
The exact timing for relaunching Peugeot in the U.S. has yet to be determined, Dominique, a former Nissan executive, emphasized, noting that it could stretch out as late as 2026 though it will more likely happen sooner.
PSA Group's Peugeot lineup will lead a return to the United States after an absence of almost three decades, as the French carmaker seeks to expand beyond Europe. Paris-based PSA will also launch the Citroen brand in India and revive Opel sales in Russia as it pursues a 50 percent group sales increase outside its home region by 2021. Europe now accounts for 80 percent of PSA's global vehicle sales after its purchase of General Motors' Opel-Vauxhall division in 2017.
The French maker of Peugeot automobiles plans to reintroduce the cars to North American markets. PSA Group, which also makes Citroen, did not say when it expects the 200-year-old Peugeot brand to make it to American and Canadian showroom floors. The company said Tuesday that the return of the Peugeot is part of a ten-year plan announced in 2016, which includes a car sharing service of more than 500 vehicles introduced in Washington, D.C., last year.
PSA Group's Peugeot lineup will lead a return to the United States after an absence of almost three decades, as part of a drive to address the group's dependence on Europe. Europe now accounts for 80 percent of PSA's global vehicle sales following the acquisition of General Motors' Opel division in 2017. The group last year opened a long-promised assault on the North American market with its Free2Move car-sharing operations in Seattle and Washington D.C. but the Peugeot brand relaunch will bring its first vehicle sales in the region since 1991.
Announcement: Moody's announces completion of a periodic review of ratings of Peugeot S.A. Frankfurt am Main, January 30, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Peugeot S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Here's a summary of some of the sectors and stocks in the United Kingdom that are gaining and losing from May's big Brexit deal loss.