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Stock Market & Financial Investment News

News Breaks
January 10, 2014
15:34 EDTFIATYS&P raises Chrysler ratings to 'BB-' from 'B+'
Standard & Poor's Ratings raised its ratings on Chrysler Group, including the corporate credit rating to 'BB-' from 'B+'. The outlook is stable. "The upgrade follows the announcement that Chrysler's minority shareholder, the VEBA trust, has agreed to sell its 41.5% stake in Chrysler to Fiat SpA for a total consideration of about $4.3B. We now describe Chrysler as a "core" subsidiary of Fiat and expect that the rating on the company will move in tandem with that on the parent, unless we adjust our 'core' assessment," said Standard & Poor. Fiat will own 100% of Chrysler following the transaction, which Fiat has announced is expected be completed by Jan. 20.
News For FIATY From The Last 14 Days
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August 1, 2014
08:20 EDTFIATYChrysler sees U.S. industry July SAAR at 16.8M units
Chrysler said U.S. industry sales figures for July are internally projected at an estimated 16.8M units Seasonally Adjusted Annual Rate.
08:19 EDTFIATYChrysler reports July U.S. sales up 20% to 167,667 units
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06:42 EDTFIATYChairman says 2% share in Fiat owned by PBC, Reuters says
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06:33 EDTFIATYFiat shareholders set to approve Chrysler merger, Reuters says
Fiat investors are anticipated to give the go-ahead in regards to the firm's merger with its U.S. division Chrysler, according to Reuters, citing comments from the carmaker's chairman John Elkann. Reference Link
July 31, 2014
06:07 EDTFIATYFiat recalling Fiat 500 L cars due to airbag defect, Detroit News reports
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July 28, 2014
10:38 EDTFIATYChrysler recalls 643,618 cars due to potential ignition switch defect
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July 25, 2014
08:58 EDTFIATYNHTSA opening new probe into defects in Dodge Chargers, Detroit News reports
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July 24, 2014
11:00 EDTFIATYPeugeot denies Fiat merger discussions report, Bloomberg says
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10:34 EDTFIATYFiat 'categorically denies' report of merger talks with Peugeot, Bloomberg says
Bloomberg cites a Fiat (FIATY) spokesperson responding by phone to the report from Financial Times.
10:32 EDTFIATYFiat, Peugeot held informal merger talks earlier this year, FT says
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10:30 EDTFIATYFiat, Peugeot held informal merger talks earlier this year, FT says
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07:26 EDTFIATYISS recommends Fiat investors vote against Chrysler deal, Reuters says
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July 23, 2014
07:20 EDTFIATYFiat head says VW tie-up never an option, Reuters says
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July 22, 2014
16:26 EDTFIATYChrysler recalling older-model SUVs over ignition switch concerns
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