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Stock Market & Financial Investment News

News Breaks
December 20, 2012
08:18 EDTFIATYFiat to invest $1.33B in SUVs, Bloomberg reports
Fiat SpA (FIATY) will invest over $1.33 to build two compact SUVs in Italy as part of a program to increase capacity usage and stem losses in Europe, reports Bloomberg. “It is not an hazardous strategy,” says CEO Sergio Marchionne. “We decided to shift away from mass carmaking and compete in the upscale market.” Reference Link
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February 18, 2015
06:38 EDTFIATYCar sales rose in Europe last month, NY Times says
European car sales increased 6.7% in January, versus the same period a year earlier, data from the European Automobile Manufacturers’ Association indicates, according to The New York Times. January was the 17th straight month that European car sales have increased, but they remain well below the levels they reached before the financial crisis, the newspaper stated. Publicly traded companies in the space include Fiat Chrysler (FCAU), Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY). Reference Link

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