Fiat Chrysler's stock surges 6% after March vehicle sales report
Fiat Chrysler's stock surges 6% after March vehicle sales report
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Fiat Chrysler's stock surges 6% after March vehicle sales report
Detroit auto makers on Tuesday reported significant gains in U.S. auto sales in March, a good sign for the start of the spring selling season and traditionally the first month of the year that delivers high volumes.
The family of "Star Trek" actor Anton Yelchin settled a lawsuit brought against Fiat Chrysler Automobiles NV after his Jeep rolled away and killed him in his driveway nearly two years ago. The settlement, filed in Los Angeles Superior Court on Tuesday, ends litigation started by Mr. Yelchin's parents against the Italian-U.S.
Fiat Chrysler Automobiles NV lost a bid to dismiss a lawsuit accusing it of rigging diesel-powered vehicles to dupe emissions tests, keeping the Italian-U.S. auto maker in the legal crosshairs over alleged environmental violations that have drawn comparisons to longstanding fraud at Volkswagen AG.
Fiat Chrysler Automobiles NV lost a bid to dismiss a lawsuit accusing it of rigging diesel-powered vehicles to dupe emissions tests, keeping the Italian-U.S. auto maker in the legal crosshairs over alleged environmental violations that have drawn comparisons to longstanding fraud at Volkswagen AG.
Owners of vehicles with rupture-prone Takata Corp. air bags sued four additional auto makers, accusing them of concealing defects in the safety devices now tied to numerous deaths and injuries. The legal complaints, filed on Wednesday in a Miami federal court, targeted Volkswagen AG, Daimler AG's Mercedes-Benz, Fiat Chrysler Automobiles NV and General Motors Co.
--Fiat Chrysler Automobiles is seeking to spin off parts-maker Magneti Marelli through a listing in Milan that won't involve raising money by selling new shares, Reuters reports, citing unnamed sources.
Auto sales fell sharply in February as tightening credit conditions, higher interest rates and stingy discounts drove up monthly payments and slowed the U.S. car business even as the broader economy remains strong.
Detroit auto makers on Thursday reported a drop in U.S. auto sales in February, as auto makers largely pulled back on incentives after using discounts as a way to drive showroom traffic and spur sales at the end of 2017 and into January.
Detroit auto makers on Thursday reported a drop in U.S. auto sales in February, as auto makers largely pulled back on incentives after using discounts as a way to drive showroom traffic and spur sales at the end of 2017 and into January.
DETROIT -- Fiat Chrysler Automobiles NV said Friday it is recalling more than 228,000 pickup trucks to repair a gearbox defect that may allow vehicles to unintentionally shift out of "park" mode, the same type of glitch that prompted the auto maker to recall 1.8 million other vehicles in December.
New car sales in the European Union rose in January, as demand grew in all major EU markets except the U.K., according to data published Thursday. Across the bloc, new car registrations--a reflection of sales--rose 7.1% to 1.25 million vehicles in January, benefiting from a positive calendar effect, said the European Automobile Manufacturers' Association, or ACEA.
Renault SA is expected to extend the contract of its chief executive, Carlos Ghosn, at its next shareholder meeting, allowing the 63-year-old more time to firm up Renault's alliance with Nissan Motor Co. and Mitsubishi Motors Corp., according to a person familiar with the situation.
Detroit auto makers on Thursday reported underwhelming U.S. auto sales in January, signaling car industry volumes will get off to a relatively muted start even as the broader economy is strong. Analysts expect sales to cool in the initial months of 2018 following the strong pace set in the final months of last year.
Detroit auto makers on Thursday reported underwhelming U.S. auto sales in January, signaling car industry volumes will get off to a relatively muted start even as the broader economy is strong. Analysts expect sales to cool in the initial months of 2018 following the strong pace set in the final months of last year.
Shares of Fiat Chrysler Automobiles N.V. slumped 2.1% in morning trade Thursday, after the auto maker reported a sharp drop in U.S. vehicle sales in January. Total sales declined 13% to 132,803 vehicles, as Chrysler brand sales dropped 21%, Dodge brand sales shed 31%, Ram Truck brand sales fell 16% and Fiat brand sales declined 43%, while Jeep brand sales increased 2%. The Ram pickup was the most sold model at 29,358 vehicles, but that was down 13% from a year ago. Retail sales rose 2%, while fleet sales tumbled 50%. The stock has run up 35% over the past three months, while the S&P 500 has gained 9.3%.
Detroit auto makers reported significant gains in U.S. auto sales in March, a good sign for the start of the spring selling season and traditionally the first month of the year that delivers high volumes.
As Uber reels from a fatal crash involving one of its autonomous vehicles, rival Waymo is moving ahead, buying as many as 20,000 Jaguar vehicles for its robot fleet.
The New York Auto Show is a chance for General Motors Co.’s Cadillac and Ford Motor Co.’s Lincoln to play catch up to imports, whose wider range of luxury SUVs and crossovers have left U.S. brands in the dust.
John Krafcik, the head of Google-parent Alphabet’s self-driving car unit, said he is confident its technology would be able to spot a pedestrian crossing the street in the wake of a fatal accident involving an Uber Technologies self-driving car.
The family of “Star Trek” actor Anton Yelchin settled a lawsuit brought against Fiat Chrysler Automobiles NV after his Jeep rolled away and killed him in his driveway nearly two years ago.
Senate lawmakers pressed regulators and automotive executives on lagging repairs of rupture-prone air bags, bemoaning the pace of an unprecedented recall of devices linked to numerous deaths and injuries.
U.S. safety regulators are investigating Hyundai Motor and Kia Motors cars with air bags that failed to deploy, a problem linked to four deaths and six injuries.
Fiat Chrysler lost a bid to dismiss a lawsuit accusing it of rigging diesel-powered vehicles to dupe emissions tests, keeping the Italian-U.S. auto maker in the legal crosshairs over alleged environmental violations that have drawn comparisons to longstanding fraud at Volkswagen AG.
The Trump administration said it will next set its sights on Russian oligarchs after imposing sanctions on Russia on Thursday for meddling in the 2016 presidential election and for cyberattacks.
The Georgia Supreme Court upheld the results of a wrongful death trial that hit Fiat Chrysler Automobiles with nearly $40 million in legal damages on account of a Jeep fire that killed a 4-year-old boy.
Ford Motor Co. Chief Executive Jim Hackett said he sees “upside” to the auto maker’s longer-term 8% target for profit margins, citing progress on cost-cutting initiatives and an overhaul of product development procedures.
With a Ferrari-esque 505-hp engine, carbon fiber drive shaft and multi-mode vehicle dynamics software—including Race mode—the new Stelvio Quadrifoglio represents a new breed of SUV. Dan Neil takes one out on the track in Austin.
The SECreached a settlement with Theranos Inc., its founder and its former president, alleging that the two executives had raised more than $700 million from investors in an elaborate yearslong fraud.
Owners of vehicles with rupture-prone Takata air bags sued four additional auto makers, accusing them of concealing defects in the safety devices now tied to numerous deaths and injuries.
In one northern Detroit suburb, President Donald Trump’s planned tariffs on steel and aluminum could tilt the equation for local businesses.
The threat of a global trade war spurred turmoil in financial markets around the world as investors scrambled to assess a potential disruption to a rare period of synchronized global growth.
Organizers of Detroit’s auto show likely will move the annual event to October from January in coming years, hoping to be able to offer visitors a chance to test drive moonshot technologies on actual, ice-free streets and create some distance from the Consumer Electronics Show in Las Vegas.
Auto sales fell sharply in February as tightening credit conditions, higher interest rates and stingy discounts drove up monthly payments.
The off-road brand’s latest compact SUV is more ridiculously able than ever. But what do you do with all the power? Dan Neil tries to tire it out.
GM’s decision to keep the GMC brand is paying off, as pricey pickups and SUVs displace luxury sedans as America’s rolling status symbol.
Fiat Chrysler's March retail sales reached a 17-year high and the company's total sales hit a seven-year high as new Jeep models carried the day.
Fiat rallies after huge month for Jeep in U.S.
Detroit auto makers reported significant gains in U.S. auto sales in March, a good sign for the start of the spring selling season and traditionally the first month of the year that delivers high volumes.
According to the Fed’s latest release on March 16, 2018, the US industrial production index rose to 108.2 in February 2018.
According to recent data, the US consumer sentiment index rose to 99.7 from 96.3 between February 2017 and 2018.
Non-farm payroll (or NFP) data shows the number of jobs added or lost each month in the United States.
According to recent data, the US initial jobless claims SAAR (seasonally adjusted annual rate) was 229,000 in the week ended March 15, 2018.
EV Company News For The Month Of March 2018
In this series, we’ll look at recent macroeconomic data that could give auto investors an idea of future auto sales.
Strap In For Spotify, Tesla And FANG+ Action
On March 27, Ford’s (F) forward EV-to-EBITDA multiple was 13.3x.
Last week (ended March 23), Harley-Davidson stock (HOG) traded negatively for a second consecutive week.
Automakers (XLY) General Motors (GM) and Fiat Chrysler (FCAU) rose 17.7% and 96.4%, respectively, in 2017.
In the third week of March 2018, Ferrari stock (RACE) continued to fall, settling at $118.39 with a loss of 2.9% for the week.
Industry analysts are forecasting a year-over-year new car sales increase after three consecutive months of slower sales.
Last week, Tesla stock (TSLA) continued to trade negatively, ending the week with a 6.2% loss.
On March 27, analysts’ consensus 12-month target price for Fiat Chrysler stock was $31.90.
Last week (ended March 23), Fiat Chrysler (FCAU) stock fell 3.9% to $20.26.
FCA US Warren Stamping Celebrates Silver Award in World Class Manufacturing
2018 Chrysler Pacifica Named Best Minivan in New York Daily News Autos Awards for Second Consecutive Year
Alfa Romeo Selects 2018 New York International Auto Show for Premiere of Nero Edizione Package for Giulia and Stelvio SUV
NADA Partners With National Safety Council on Vehicle Recall Campaign
Ram Unveils Special Edition Truck to Mark the 144th Running of the Kentucky Derby®
FIAT Brand Introduces New 2018 Fiat 500 Urbana Edition
Former Viper Plant to Become New Home of FCA US Car Collection; Company Launches Viper Memorabilia Auction to Benefit United Way
Jeep® and Mopar Brands Unveil Seven Concept Vehicles for 52nd Annual Moab Easter Jeep Safari
FCA US Announces 468 Dealerships Earn Customer First Award for Excellence
Mopar Announces 2018 "Top Tech" Award Recipients
Moab Easter Jeep® Safari Vehicle Sneak Peek 2018
Ram Truck Experience Comes to the Columbus International Auto Show
Jeep® Brand Launches Marketing Campaigns for the Iconic All-new 2018 Jeep Wrangler and New 2019 Jeep Cherokee
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Dodge//SRT Shakes Things Up With New Heritage-inspired Options
Fiat Chrysler Automobiles NV engages in the design, engineering, manufacturing, distribution and sale of automobiles and light commercial vehicles, engines, transmission systems, automotive-related components, metallurgical products and production systems. It operates through the following segments: North American Free Trade Agreement, Latin America, Asia-Pacific, Europe, the Middle East & Africa, Maserati, and Components. The NAFTA segment engages in the designing, engineering, development, manufacturing, distributing and selling of automobiles under the Chrysler, Jeep, Dodge, Ram and Fiat brand names, vehicles with the SRT performance designation and from sales of the related parts and accessories in the United States, Canada and Mexico. The LATAM segment sells passenger cars and light commercial vehicles and related spare parts under the brand names, Fiat and Fiat in South and Central America and it also provides financial services in Brazil and Argentina. The APAC segment offers cars, engines and transmissions and related spare parts under the Chrysler group and Fiat brands in China, Japan, Australia and India. The EMEA segment designs, develops and sells passenger cars and light commercial vehicles under the Fiat, Alfa Romeo, Lancia, Chrysler, Abarth and Fiat Professional and the sale of the related spare parts in Europe, Middle East and Africa. The Maserati segment manufactures, designs, engineers distribution and sale of luxury vehicles under the Maserati brand. The Components segments includes production and sale of lighting components, body control units, suspensions, shock absorbers, electronic systems, and exhaust systems, and others. The company was founded on April 1, 2014 and is headquartered in London, the United Kingdom. (See Full Profile)
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