Tag: FCA

At Fiat Chrysler’s Brazil plant, production resumes with safety checks

BETIM, Brazil (Reuters) – Before going to work these days, employees at the Brazilian unit of Fiat Chrysler Automobiles (FCHA.MI) have to get a health check using a mobile app every morning. Fiat Chrysler Automobiles assembly workers build a 2020 Argo, amid the spread of the coronavirus disease (COVID-19), at the Assembly Plant in Betim… Continue reading At Fiat Chrysler’s Brazil plant, production resumes with safety checks

FCA-PSA deal terms ‘set in stone’ for 50-50 merger

MILAN (Reuters) – Terms of a planned merger between Fiat Chrysler (FCHA.MI) and Peugeot-owner PSA (PEUP.PA) are set in stone, FCA’s chairman said on Wednesday, brushing off talk that some aspects of the deal might be re-negotiated because of the COVID-19 crisis. FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in… Continue reading FCA-PSA deal terms ‘set in stone’ for 50-50 merger

Ferrari Announces Offering of Notes  

Maranello, 20 May, 2020 – Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) announced today that it plans to offer unsecured debt securities (the “Notes”) in benchmark size and subject to market conditions. The Notes are intended to rank pari passu with respect to all other outstanding unsecured and unsubordinated obligations of Ferrari.Ferrari intends to use the net… Continue reading Ferrari Announces Offering of Notes  

Renault plans to reopen the Sandouville plant on May 22

No Ascension Bridge for the factory Renault from Sandouville. Closed since May 7, following a court decision, the plant is expected to reopen on Friday, May 22. This decision was announced this Wednesday, May 20 in the morning to the unions of the factory, which produces the Renault Trafic and derivatives of the van for… Continue reading Renault plans to reopen the Sandouville plant on May 22

@Ferrari: Ferrari Announces Offering of Notes

Maranello (Italy), 20 May, 2020 – Ferrari N.V. (“Ferrari”) (NYSE/MTA: RACE) announced today that it plans to offer unsecured debt securities (the “Notes”) in benchmark size and subject to market conditions. The Notes are intended to rank pari passu with respect to all other outstanding unsecured and unsubordinated obligations of Ferrari. Ferrari intends to use… Continue reading @Ferrari: Ferrari Announces Offering of Notes

Rationale for FCA-PSA merger deal ‘stronger than ever’: Elkann

FILE PHOTO: Chairman and CEO of Exor and Chairman of Fiat Chrysler Automobiles John Elkann speaks during investor day held by the holding group of Italy’s Agnelli family in Turin, Italy November 21, 2019. REUTERS/Massimo Pinca/File Photo MILAN (Reuters) – The reasons behind the proposed merger of car makers Fiat Chrysler (FCHA.MI) and Peugeot-owner PSA… Continue reading Rationale for FCA-PSA merger deal ‘stronger than ever’: Elkann

Fiat Chrysler’s loan request raises doubts about 5.5 euro billion dividend

ROME/MILAN (Reuters) – Italy could look into Fiat Chrysler’s (FCHA.MI) planned 5.5 billion euro ($6 billion) payout as part of its merger with Peugeot after the Italian-American carmaker asked for a 6.3 billion euro state-backed loan, a senior government source said. FILE PHOTO – New Fiat 500 electric cars are displayed at a Fiat Chrysler… Continue reading Fiat Chrysler’s loan request raises doubts about 5.5 euro billion dividend

FCA has to strengthen investments in Italy to seek state-backed loan: Economy Minister

FILE PHOTO: Italy’s Minister of Finance Roberto Gualtieri attends a one day Italo-Franco summit in Naples, Italy February 27, 2020. REUTERS/Ciro De Luca/File Photo ROME (Reuters) – Italy’s Economy Minister Roberto Gualtieri on Monday said Fiat Chrysler [FCHA.MI] has to strengthen investments in Italy and avoid delocalizing its factories outside the national borders to apply… Continue reading FCA has to strengthen investments in Italy to seek state-backed loan: Economy Minister

@FCA: FCA Statement on Restart of U.S. Manufacturing Facilities

FCA Statement on Restart of U.S. Manufacturing Facilities May 18, 2020 , Auburn Hills, Mich. – After welcoming back nearly 12,000 employees to our U.S. manufacturing facilities today, we successfully resumed production of our award-winning vehicles under a comprehensive, multi-layered program of health and safety measures designed with the single purpose of safeguarding employees. We were pleased… Continue reading @FCA: FCA Statement on Restart of U.S. Manufacturing Facilities