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Stock Market & Financial Investment News

News For FIATY From The Last 14 Days
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October 2, 2014
09:30 EDTFIATYMaserati expects sales to exceed 35K in 2014, Reuters says
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October 1, 2014
08:03 EDTFIATYChrysler ends September with 71 days supply of inventory
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08:02 EDTFIATYChrysler reports September U.S. sales up 19% to 169,890 units
Chrysler Group reported U.S. sales of 169,890 units, a 19% increase compared with sales in September 2013 and the group’s best September sales since 2005. “Continued consumer demand for our new Chrysler 200 mid-size sedan, our Jeep models, and the Ram pickup truck helped Chrysler Group achieve a 19 percent sales increase in September and our 54th-consecutive month of year-over-year sales growth,” said Reid Bigland, Head of U.S. Sales.
September 30, 2014
06:49 EDTFIATYEC feels Fiat unit, Luxembourg tax deal might be state aid, Reuters says
A document published by the European Commission said that the agency told Luxembourg that it feels the country's tax agreement with a Fiat division could be state aid, according to Reuters, citing the commission. Reference Link
September 28, 2014
15:25 EDTFIATYEU regulators near publishing view on Apple, Fiat tax deals, WSJ says
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September 25, 2014
13:30 EDTFIATYChrysler recalls over 349K vehicles due to ignition key defect
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12:42 EDTFIATYFord executive sees 2015 U.S. auto sales between 16.8M-17.5M
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06:52 EDTFIATYGM Canada falls in auto production to Chrysler Canada, The Globe and Mail says
General Motors (GM) of Canada is set to lose its title as the largest producer of vehicles in Canada this year as it may shut down assembly plants in Oshawa Ontario, reports The Globe and Mail. Fiat's (FIATY) Chrysler Canada has raced ahead of GM in vehicle production and stands at about 18,000 vehicles ahead in output through the end of August, outpacing GM in July and August. Reference Link
September 24, 2014
07:57 EDTFIATYRyder selected by Chrysler Mexico
Ryder (R) announced it has been selected by Chrysler Mexico to manage a cross dock operation at the Port of Altamira, feeding parts from an overseas supplier to Chrysler’s manufacturing assembly plant in Mexico. Ryder is responsible for receiving sea containers from two Italian consolidation centers, facilitating the customs process and transloading the shipments into trailers for delivery to the plant. Ryder will use its engineering knowledge to optimize the trailer loads, resulting in reduced transportation spend for Chrysler. Ryder’s services are supported by an EDI technology that connects Ryder, Chrysler, and the supplier. This system enables Ryder to share information with customs brokers, transportation partners, and the Chrysler assembly plant, improving visibility and ensuring quality, timely delivery. Chrysler is owned by Fiat (FIATY).
September 20, 2014
16:11 EDTFIATYChrysler Group voluntarily recalling 230,760 SUVs to install new relay circuit
Chrysler Group is voluntarily recalling an estimated 230,760 SUVs to install new a relay circuit that improves fuel-pump relay durability. A routine internal data review discovered a pattern of repairs involving fuel-pump relays in certain 2011 Jeep Grand Cherokee and Dodge Durango SUVs. Further investigation revealed some relays are susceptible to deformation, which may affect fuel-pump function. Such a condition may prevent a vehicle from starting or lead to engine stall. Chrysler Group is unaware of any accidents or injuries related to this condition. The fuel-pump relay is located inside the Totally Integrated Power Module, which also helps manage other vehicle functions. None of these other functions, including airbag deployment, is affected by the fuel-pump relay. The recall covers an estimated 188,723 vehicles in the U.S.; 15,898 in Canada; 7,126 in Mexico and 19,013 outside the NAFTA region. Chrysler Group will advise affected customers when they may schedule service, which will be performed at no cost.
September 19, 2014
12:13 EDTFIATYUnion says Fiat to temporarily halt production at Italy facility, Reuters says
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September 18, 2014
08:58 EDTFIATYChrysler's Ram on track for more market share increases, NY Times says
The Ram truck unit of Fiat's (FIATY) Chrysler has seen its share of the full-size pickup market rise in the last five years, and its market share is on track to increase further, according to The New York Times. Reference Link

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