Fiat Chrysler Stock Slides After Misses Earnings Cuts Outlook

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    Fiat Chrysler missed expectations for esecond quarter earnings…


    Helmholtz Watson

    Fiat’s earnings coincide with a meeting between President Trump and European Commission President Jean-Claude Juncker at the White House. Their talks will bring into focus the future of trans-Atlantic trade, including contentious U.S. tariffs on imported cars.


    Interesting Fiat article:

    FIAT Fans Celebrate 35th Annual ‘FreakOut’

    PR NewswireAugust 20, 2018

    AUBURN HILLS, Mich., Aug. 20, 2018 /PRNewswire/ —
    FIAT Club America celebrated its 35th annual “FIAT FreakOut” event in Florida, Aug. 16-19
    Hundreds of FIAT owners and aficionados attended the four-day event in Orlando
    Activities included scenic driving to throughout Disney properties, Florida orange groves and backwoods to the Lakeridge Winery
    Festive-themed meals and banquets included a private dessert party at the Italy showcase in Epcot
    Main event Concorso Di Eleganza car display and awards banquet showcased FIAT vehicles that spanned multiple decades
    Special guest Anneliese Abarth, the wife and partner of the late, legendary automotive designer Carlo Abarth, served as keynote speaker at the annual members banquet
    Next year’s FIAT FreakOut to be held in Greensboro, North Carolina, from July 10-14

    The oldest vehicle that appeared in this year’s Concorso Di Eleganza was a 1952 Fiat 500c Topolino. Other vehicles on hand included a 1977 Lancia Scorpion, 1984 Pininfarina Spider Volumex, 1986 Bertone X 1/9 Dallarlra, a highly modified 2008 Fiat 500 Abarth Meifestofile and an original factory-raced Fiat Abarth 131 rally car from the collection of John Campion.


    Fiat Chrysler Continuing with Magneti Marelli spin-off

    MILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) is pressing ahead with the spin- off of its parts maker Magneti Marelli, a spokesman confirmed in Wednesday after reports investment firm KKR was in talks to acquire the unit.

    “FCA is pursuing a plan to separate the Magneti Marelli business … it will evaluate bona fide proposals for alternative transactions that may be in the best interest of the Company,” the spokesman said in an emailed statement.

    Earlier on Tuesday the Wall Street Journal reported that global investment house KKR was in talks to acquire the unit and that a potential sale price could exceed the 3.23 billion euros value at which some analysts valued it.

    In mid-July FCA kicked off the process which aims to register the business in the Netherlands and list it on the Milan stock exchange.


    Moody’s Changes Fiat Chrysler’s Outlook To Positive; BA2 Rating Affirmed via @LiveSquawk

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