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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 26, 2014
06:42 EDTFIATYCCI charges automakers $420M for anti-competitive tendencies, Reuters says
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August 25, 2014
06:35 EDTFIATYFiat-Chrysler merger up against support obstacle, WSJ says
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August 22, 2014
06:54 EDTFIATYChrysler to not replace Ram steel body panels until 2020, Reuters says
Fiat's (FIATY) Chrysler is aiming to redesign its full-size Ram 1500 pickup trucks beginning in three years, but the car manufacturer has no definitive goals to follow competitors GM (GM) and Ford (F) in using aluminum body panels instead of steal until a finalized overhaul happens after 2020, according to Reuters, citing industry sources. Reference Link
August 21, 2014
13:44 EDTFIATYChrysler recalls Cherokees, Rams due to rear shock defect
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07:18 EDTFIATYChina considering new anti-trust rules for auto sector, China Daily says
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August 19, 2014
10:13 EDTFIATYOn The Fly: Analyst Initiation Summary
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05:21 EDTFIATYFiat initiated with an Underperform at Credit Suisse
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August 18, 2014
07:37 EDTFIATYReport says Russia may bar car imports if new sanctions enacted, Reuters says
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August 15, 2014
06:45 EDTFIATYFiat Chrysler development goal challenged by merger holdup, Reuters says
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