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Stock Market & Financial Investment News

News Breaks
January 18, 2013
06:29 EDTFIATYFiat, Mazda to jointly build Alfa Romeo and Mazda roadsters, AP reports
Fiat (FIATY) and Mazda have agreed to produce two-seat convertible roadsters, based on the same vehicle platform, with different engines. The Alfa Romeo and Mazda roadsters will be produced in Mazda's Hiroshima plant in 2015, according to the Associated Press. Reference Link
News For FIATY From The Last 14 Days
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June 18, 2013
14:17 EDTFIATYChrysler, NHTSA resolve recall request
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10:54 EDTFIATYEuropean auto sales decline to 20 year low, Reuters says
European car sales decreased in May to their lowest level for the month in 20 years, says Reuters. Data from the Association of European Carmakers showed Germany, France and Italy, suffered almost double-digit percentage declines in May, Reuters added. Reference Link
June 14, 2013
07:15 EDTFIATYFiat, Chrysler nears refinancing deal, Bloomberg reports
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06:08 EDTFIATYOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The strong Q1 corporate profits may not be as good as they look, according to an analysis by the Wall Street Journal that shows that the extension of a big tax credit quietly boosted the profits of dozens of companies...Many investors have lowered their expectations for future inflation, a shift that could get the attention of Fed officials as they consider the course of their bond-buying program at a policy meeting next week. The Fed has a 2% inflation goal and doesn't want consumer prices to veer too much above or below that number over time, the Wall Street Journal reports...REUTERS: Proxy advisory firm Institutional Shareholder Services urged Clearwire (CLWR) shareholders to vote against majority shareholder Sprint Nextel’s (S) $3.40 per share offer for Clearwire stock it does not already own, Reuters reports...U.S. investment firm Royalty Pharma said it expects the majority of takeover target Elan's (ELN) shareholders will reject the Irish firm's own proposed acquisition deals at a shareholder meeting on Monday, Reuters reports...BLOOMBERG: Boeing (BA), coming back from the 787 Dreamliner’s three-month grounding, is moving closer to a further production increase that would reward investors by freeing up billions of dollars for dividends and buybacks, Bloomberg reports...Fiat (FIATY) and Chrysler Group CEO Sergio Marchionne is closing in on refinancing deals for both automakers ahead of a plan to merge the two companies, sources say, Bloomberg reports.
June 13, 2013
19:23 EDTFIATYChrysler to recall 1,200 heavy-duty trucks
Chrysler will recall approximately 1,200 heavy-duty pickup trucks to ensure their headlamps comply with regulations when in high-beam mode. An internal investigation by Chrysler engineers discovered some vehicles were assembled with headlamps whose high beams may not comply with standards governing aim and intensity. Chrysler is unaware of any associated accidents injuries or complaints. The recall is limited to certain 2013 Ram 2500 and 3500 models equipped with premium headlamps. Approximately 1,100 are in the U.S., 170 are in Canada and 15 are outside the NAFTA region.
June 12, 2013
10:14 EDTFIATYOn the Fly: Downgrade Summary
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05:33 EDTFIATYFiat downgraded to Neutral from Buy at UBS
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June 8, 2013
16:30 EDTFIATYFiat may be look for another China partner for Jeep, Reuters says
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16:09 EDTFIATYFiat may acquire Chrysler stake prior to IPO, Bloomberg reports
Fiat CEO Sergio Marchionne said the automaker may acquire the remainder of Chrysler just prior to the IPO of the stake held by the United Auto Workers’ retiree health-care trust, Bloomberg reports. Reference Link
June 7, 2013
07:58 EDTFIATYFiat CEO: No need to take on new debt to buy Chrysler stake, Reutters reports
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June 6, 2013
08:49 EDTFIATYChrysler to recall 630,000 SUVs worldwide, AP reports
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June 5, 2013
06:49 EDTFIATYHigh demand for electric cars makes supply limited, LA Times says
An increase in demand for electric vehicles, such as Fiat's (FIATY) 500e, Nissan's (NSANY) Leaf, Honda's (HMC) Fit EV and Chevy's (GM) Spark, is also increasing their scarcity, especially after a drop in their lease prices, reported The Los Angeles Times. Reference Link

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