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News Breaks
January 14, 2014
07:31 EDTFIATYFiat CEO Marchionne outlines his goals fo rmerged companies, WSJ reports
Fiat CEO Sergio Marchionne outlined what he plans to complete by the end of Q1 as Fiat and Chrysler merge, reports the Wall Street Journal. Fiat Chairman John Elkann said that Marchionne committed to stay at the company for at least another three years, longer than originally planned. Topping his list are deciding on the design and production site for a new Chrysler minivan, completing a deal with a Chinese partner to build Jeeps in Asia, and deciding whether to expand output at a Jeep plant in Toledo, OH by increasing production of the Jeep Wrangler. Reference Link
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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