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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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December 15, 2014
13:16 EDTFIATYUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).Reference Link
06:55 EDTFIATYTakata tightening restrictions on suppliers, Reuters reports
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