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Fiat Chrysler Rises to Record as Marchionne Outlines Funding
2014-12-05 19:05:44| Automakers - Topix.net
Fiat Chrysler Automobiles NV touched the highest price since the carmaker's creation in October after Chief Executive Officer Sergio Marchionne formally began a stock and bond sale to boost cash by $3.7 billion euros. Fiat Chrysler is selling at least 87 million shares and a $2.5 billion mandatory convertible bond due in 2016, the London- based manufacturer said in a filing late yesterday.
Tags: record
funding
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fiat
Fiat Chrysler launches $2.5 billion mandatory convertible bond, share offer
2014-12-05 03:25:52| Automakers - Topix.net
The newly created FCA, which moved its primary share listing to New York in October, wants to invest 48 billion euros by 2018 to turn Jeep, Maserati and Alfa Romeo into global brands. The company hopes to take on Volkswagen , the holding company of the Agnelli family that founded Fiat, said it would participate in the bond issue by purchasing an amount that would protect its stake of around 31 percent from dilution.
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Fiat Chrysler told by U.S. regulators to speed up Takata airbag recall
2014-11-26 19:57:42| Automakers - Topix.net
U.S. regulators told Fiat Chrysler Automobiles to speed up its recall of airbags with faulty inflators linked to at least five deaths. The National Highway Traffic Safety Administration said in a letter Tuesday to the company that it should begin its recall of cars with Takata Corp. airbags Dec. 1, almost three weeks earlier than the company planned.
Tags: speed
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Ferrari spin-off to cut Fiat Chrysler debt by 715 million euros - filing
2014-11-26 18:52:57| Automakers - Topix.net
FCA had already said in a separate filing with U.S. market regulator SEC earlier this month that it would receive 2.25 billion euros from Ferrari before it spins off the luxury sportscar unit from the group next year. The company added on Wednesday that this payment and the removal of Ferrari's own debt of 133 million euros from the parent group's accounts would be offset by the loss of Ferrari's cash and receivables worth 1.67 billion euros.
Tags: million
cut
filing
euros
Fiat Chrysler CEO to Be Deposed in Jeep Fuel-Tank Fire Lawsuit
2014-11-16 00:27:00| Automakers - Topix.net
A judge has ordered Sergio Marchionne, chief executive for Fiat Chrysler Automobiles NV, to give a deposition in a Georgia lawsuit involving a 4-year-old boy killed in a Jeep fuel-tank fire.
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