Tag: FCA

Fiat Chrysler pins hopes on new models after weak first quarter

MILAN/DETROIT (Reuters) – Fiat Chrysler (FCA) expects new models such as the Jeep Gladiator and all-new RAM heavy duty truck to help it meet full-year targets and make up for weaker sales and profits in the first quarter, the automaker said on Friday. FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy,… Continue reading Fiat Chrysler pins hopes on new models after weak first quarter

Fiat Chrysler confirms full-year targets even as weaker sales hit first-quarter profits

FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca MILAN (Reuters) – Fiat Chrysler (FCA) on Friday confirmed its targets for this year despite reporting a 29 percent fall in first-quarter operating profit as sales and margins weakened in its North American profit center. Chief Executive Mike… Continue reading Fiat Chrysler confirms full-year targets even as weaker sales hit first-quarter profits

UPDATE 1-Fiat Chrysler confirms full-year targets even as weaker sales hit Q1 profits

FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca MILAN (Reuters) – Fiat Chrysler (FCA) on Friday confirmed its targets for this year despite reporting a 29 percent fall in first-quarter operating profit as sales and margins weakened in its North American profit center. Chief Executive Mike… Continue reading UPDATE 1-Fiat Chrysler confirms full-year targets even as weaker sales hit Q1 profits

REFILE-Fiat Chrysler Q1 adj. EBIT falls 29 pct as sales slow

FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca MILAN (Reuters) – Fiat Chrysler (FCA) said on Friday its adjusted operating profit fell 29 percent in the first quarter as sales slowed in its North American profit center and in Europe. Adjusted earnings before interest and tax… Continue reading REFILE-Fiat Chrysler Q1 adj. EBIT falls 29 pct as sales slow

Fiat Chrysler first-quarter adjusted EBIT falls 29 percent as sales slow

FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters are seen in Turin, Italy, July 21, 2018. REUTERS/Massimo Pinca MILAN (Reuters) – Fiat Chrysler (FCA) said on Friday its adjusted operating profit fell 29 percent in the first quarter as sales slowed in its North American profit center in Europe. Adjusted earnings before interest and tax (EBIT)… Continue reading Fiat Chrysler first-quarter adjusted EBIT falls 29 percent as sales slow

GM considers investing $1 billion in its Missouri plant, state officials say

FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio WASHINGTON (Reuters) – General Motors Co is considering a $1 billion investment at its Missouri assembly plant where it builds vans and trucks, state officials said on Thursday. Missouri Governor Mike Parson… Continue reading GM considers investing $1 billion in its Missouri plant, state officials say

CK Holdings acquires Magneti Marelli from FCA

NEW DELHI: CK Holdings on Thursday announced the completion of its previously announced acquisition of Magneti Marelli S.p.A.from Fiat Chrysler Automobiles N.V. The combined business will operate under the entity “Magneti Marelli CK Holdings Co., Ltd.” The completion of the transaction is a key milestone in creating a leading global independent automotive supplier. This transaction,… Continue reading CK Holdings acquires Magneti Marelli from FCA

CK Holdings Co., Ltd. completes acquisition of Magneti Marelli from FCA

“ CK Holdings Co., Ltd. completes acquisition of Magneti Marelli from FCA  Transaction will create a leading global independent automotive supplier 2 May 2019 CK Holdings Co., Ltd. (“CK Holdings”), a holding company of Calsonic Kansei Corporation (“Calsonic Kansei”), today announces the completion of its previously announced acquisition of Magneti Marelli S.p.A. (“Magneti Marelli”) from Fiat… Continue reading CK Holdings Co., Ltd. completes acquisition of Magneti Marelli from FCA

UPDATE 1-FCA completes sale of Magneti Marelli for 5.8 bln euros

(Adds details) MILAN, May 2 (Reuters) – Fiat Chrysler Automobiles said it had completed the sale of its car parts unit Magneti Marelli to Calsonic Kansei for 5.8 billion euros ($6.5 billion), slightly below the initial price tag due to the unit’s changed financial position. Fiat Chrysler (FCA) last year agreed to sell Magneti Marelli… Continue reading UPDATE 1-FCA completes sale of Magneti Marelli for 5.8 bln euros