Fiat Chrysler Automobiles N.V. Common Shares (FCAU) News
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Below are the latest news stories about Fiat Chrysler Automobiles NV that investors may wish to consider to help them evaluate FCAU as an investment opportunity.
(Bloomberg) -- Stellantis NV boss Carlos Tavares’ public debut as head of the automaker formed from the merger of Fiat Chrysler and PSA Group was a testament to the delicate balancing act he has ahead.The 62-year-old chief executive fielded one question after another Tuesday about how the automaker with deep ties in Italy, France and America can possibly preserve jobs, plants and brands while achieving the 5 billion euros ($6.1 billion) of annual synergies promised to investors.The two companies have several underutilized factories around the globe but particularly across Europe, which just suffered the biggest annual sales decline on record. And while brands such as Jeep in America and Peugeot in France are sure to survive, the outlook for several marques aimed at higher-end buyers suc...
Stellantis' newly-installed Chief Executive Carlos Tavares said on Tuesday the company, formed through the merger of France's PSA and Italy's Fiat Chrysler, did not plan to cut jobs as part of group efforts to cut costs. Asked about possible layoffs in an interview on Franceinfo radio, Tavares said: "It's not what we're forecasting."
Stellantis is establishing an efficient governance from day one with the appointment of the top executive team, together with the nine dedicated committees covering company-wide performance and strategy.*
A new company with the agility, creativity and efficiency to capture the opportunities of the new era of mobility, offering innovative solutions that will help change the way society moves
(Bloomberg) -- Stellantis NV, the carmaker formed from the merger of Fiat Chrysler Automobiles NV and PSA Group, gained in its first day of trading after completing a more than two-year effort to form one of the world’s largest vehicle manufacturers.The shares climbed as much as 7.7% in Milan, where the ticker STLA replaced Fiat Chrysler’s symbol. The stock also gained in Paris, where the company listed in place of Peugeot SA.The debuts are the culmination of talks then-PSA Chief Executive Officer Carlos Tavares initiated with his counterpart at Fiat Chrysler in late 2018. The 62-year-old will lead an automotive behemoth with roughly 400,000 employees and 14 brands into an uncertain future, where cars increasingly run off of batteries and software and the combustion engine meets its dem...
Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA) ("Stellantis") announced today that, following completion of the merger of Peugeot S.A. ("Groupe PSA") and Fiat Chrysler Automobiles N.V. ("FCA") on January 16, 2021, today the combined company was renamed Stellantis, the Board of Directors of Stellantis was appointed, and Stellantis's Articles of Association became effective.
The merger between Fiat Chrysler Automobiles (FCAU) and Peugeot S.A. (PUGOY) to create Stellantis N.V. (STLA) officially closed. Stellantis will begin trading on Euronext in Paris and the Mercato Telematico Azionario in Milan on January 18 and on the New York Stock Exchange on January 19.Stellantis NV is the fourth-largest...
The merger between Peugeot S.A. ("Groupe PSA") and Fiat Chrysler Automobiles N.V. ("FCA") (NYSE: FCAU / MTA: FCA) that will lead the path to the creation of Stellantis N.V. ("Stellantis"), became effective today.
Fiat Chrysler and PSA will seal their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen. Shares in Stellantis, which will be headed by current PSA Chief Executive Carlos Tavares, will start trading in Milan and Paris on Monday, and in New York on Tuesday. Now analysts and investors are turning their focus to how Tavares plans to address the huge challenges facing the group – from excess production capacity to a woeful performance in China.
Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report. Monday...