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'Be Wary Of Cashing In': Stock Market Update For The Week Ahead
Sunday, August 2, 2020 - 12:07pm | 2260The Past Week, In A Nutshell What Happened: Stocks closed the week practically unchanged after mixed reactions to a slew of blow-out earnings results. Remember This: “Although the stock market will certainly experience pullbacks, disappointments and corrections along the way, the horses have...
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Tesla Bolsters EV Enthusiasm With German Factory
Tuesday, June 9, 2020 - 4:30pm | 443Some of the most impactful automotive innovations were pioneered by organizations such as Ford Motor Company (NYSE: F) and Toyota Motor Corporation (NYSE: TM). Now, Tesla Inc (NASDAQ: TSLA), despite economic and geopolitical challenges, is on its way to making an imprint on...
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Fiat Chrysler Recalling 222,000 Ram ProMaster Delivery Vans
Monday, January 27, 2020 - 2:13pm | 398Fiat-Chrysler Automobiles (NYSE: FCAU) is recalling 222,207 Ram ProMaster delivery vans with 3.6-liter engines because the transmission shifter cable may separate and disconnect from the transmission, leading to a crash. The ProMaster is widely used in last-mile delivery service. Customers include...
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Fiat Announces Earnings And Merger
Friday, November 1, 2019 - 9:59am | 1189On October 30th, the boards of Fiat Chrysler Automobiles (NYSE: FCA) and Peugeot's (OTC: PUGOY) parent PSA Group announced that they are in merger talks due to seeking scale in coping with costly new technologies needed to meet the electric future. And there's also the slowing global auto...
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Fiat Chrysler And Peugeot's $48 Billion Merger: A New Era In Mobility
Thursday, October 31, 2019 - 4:27pm | 498Fiat Chrysler Automobiles NV (NYSE: FCAU) and PSA Group-owned Peugeot have just announced a $48 billion merger, creating the fourth-largest carmaker in the world. The joint press release acknowledged "a new era in sustainable mobility" and the subsequent need for industry leaders to make "bold...
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Today's Pickup: Fiat Chrysler And Peugeot's PSA Merge; Now World's Fourth-Largest Carmaker
Thursday, October 31, 2019 - 1:54pm | 768Good day, Italian auto manufacturer Fiat Chrysler Automobiles (NYSE: FCAU) and Groupe PSA, the French carmaker that owns Peugeot, have decided to merge the two companies to create what will be the world's fourth-largest automobile manufacturer. The 50:50 merger is estimated to be worth €40 billion...
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The Byzantine World Of High-Tech Transportation
Thursday, June 13, 2019 - 4:44pm | 1032On June 11, the same day Fiat Chrysler North America (NYSE: FCAU) announced its partnership with self-driving startup Aurora Innovation, Volkswagen said it was ending its own partnership with Aurora and was nearing a deal with Ford on an investment in Argo AI, another self-driving platform. It was...
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Fiat Chrysler US To Partner With Aurora Innovation
Monday, June 10, 2019 - 5:41pm | 381Days after its parent company nixed a partnership with Groupe Renault, Fiat Chrysler Automobiles US (NYSE: FCAU) has inked a deal with self-driving tech company Aurora Innovation to develop autonomous vehicle platforms. The partnership, which continues a wave of collaboration between legacy auto...
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Fiat Chrysler-Renault Merger Is A Sign Of Things To Come In The Auto Industry
Monday, June 3, 2019 - 5:40pm | 828Fiat Chrysler Automobiles (NYSE: FCAU) is seeking to woo the French government to back its bid for a merger with automaker Renault by offering a special dividend and stronger job guarantees. The French government is involved because it is Renault's largest shareholder with a 15 percent stake and...
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European Companies Power Through Economic Hardship
Friday, January 16, 2015 - 7:41am | 346Although data from Europe has produced increasingly worrying reports that suggest the region’s economy is falling off track, European businesses are taking advantage of improving customer demand and using this time as an opportunity to invest in future growth. Online Shopping Scales Up...
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What's An IPO Mean For Ferrari?
Wednesday, November 5, 2014 - 5:23pm | 1188Last week, Fiat Chrysler Automobiles NV (NYSE: FCAU) announced that it would be conducting an initial public offering of its luxury sports car brand, Ferrari. The announcement comes just a month after General Motors Company (NYSE: GM) decided to break off its own luxury brand, Cadillac, and...
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Crossover, Alternative Car Sales Helped Boost May Auto Industry Figures
Wednesday, June 4, 2014 - 4:02pm | 485More signs appeared this week of the auto industry's bounce-back from the depths of the recession: the industry reported better-than-expected new car sales in the U.S. last month. The sale of 1.6 million vehicles, as well as strong sales figures for the growing alternative car market were...
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Chrysler Raises $5 Billion To Pay Off Debt
Monday, February 10, 2014 - 4:26pm | 1008Fiat Chrysler Automobiles group announced today its Chrysler unit will pay $5 billion to a United Auto Workers healthcare trust, completing debt repayments from its bankruptcy in full almost a decade earlier than anticipated, the company said in a statement, according to Reuters. Chrysler...