Fiat Chrysler’s Wall Street Debut Draws Muted Response

Investors cautiously greeted the Wall Street debut on Monday of Fiat Chrysler Automobiles (FCA), a move that shifts the carmaker’s center of gravity away from Italy and caps a decade of canny dealmaking and tough restructuring by Chief Executive Sergio Marchionne, reported Reuters. “We’re finally taking Chrysler back” to the U.S. stock market, Marchionne said ... Read More »

Fiat Chrysler Crowns Merger With Wall Street Debut

Fiat Chrysler Automobiles (FCA) makes its Wall Street debut to great fanfare on Monday, shifting the carmaker’s center of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by CEO Sergio Marchionne, reported Reuters. The world’s seventh-largest auto group has sought the U.S. listing to help to establish itself as ... Read More »

Marchionne Upbeat on Landmark Fiat Chrysler Listing

With the landmark listing of Fiat Chrysler Automobiles less than two weeks away, CEO Sergio Marchionne has a clear criterion for success: more than half of the merged company’s shares changing hands in New York instead of Milan, reported Reuters. “If we do more volumes in New York than we do in Milan, that’s a ... Read More »

Fiat Chrysler CEO Sticks to 2014 Guidance

Fiat Chrysler CEO Sergio Marchionne said on Thursday he saw no reason at present to review the carmaker’s 2014 financial guidance despite tough European and Latin American markets, reported Reuters. After Fiat’s poor second-quarter results, analysts were widely expecting a cut in full-year guidance. For 2014, the auto group expects to raise operating profit, excluding ... Read More »

Fiat Shareholders Came Close to Merger Upset

Fiat SpA shareholders came close to derailing a corporate reorganization on which the creation of the combined Fiat Chrysler Automobiles group depends, according to data the company released Thursday, reported The Wall Street Journal. Investors in the Italian auto maker last week tendered shares worth €464 million ($608 million) as they exercised their right to ... Read More »

Fiat-Chrysler Sees New York Stock Market Listing on October 13

Fiat-Chrysler aims to list shares in the newly merged carmaker in New York on Oct. 13, Chief Executive Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month, reported Reuters. He was speaking a day after the merger between Fiat and its U.S ... Read More »

Fiat Shareholders Approve Reorganization

Fiat SpA shareholders approved a reorganization that opens the way for the Italian car maker that owns Chrysler Group LLC to move its headquarters to the Netherlands, its tax domicile to the U.K. and list its shares in New York, reported The Wall Street Journal. With Friday’s green light from shareholders, Fiat will now merge ... Read More »

Fiat, Chrysler Parent Company, Reports 55% Drop in Profits

Fiat SpA, the parent company of Chrysler Group LLC, reported a 55 percent decline in second-quarter profits due to weak performances in Europe and Latin America, reported Michigan Live. The Italian automaker said its net profit from April through June was 197 million euros ($264 million), down from 435 million euros ($583 million) for the ... Read More »

Fiat Chrysler Denies Report of Merger Talks with VW

Fiat Chrysler Stock to List on NYSE in August