Fiat Chrysler Automobiles NV

Fiat Chrysler Automobiles is a holding company. Through its subsidiaries, Co. is an international automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. Co. has operations in approx. 40 countries and sells its vehicles directly or through distributors and dealers in more than 140 countries. Co. designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands and the SRT performance vehicle designation.
  • TickerFCA-MIL
  • ISINNL0010877643
  • ExchangeBern Exchange
  • SectorAutomobiles & Parts
  • CountryNetherlands

Fiat Chrysler Automobiles N.V.: Covenant Quality Post-Sale Snapshot: €1.0bn 4.5% Senior Notes due 2028

Fiat Chrysler Automobiles N.V.’s (“Issuer”) covenant package provides lower-tier CQ5-Lite protection.

Fiat Chrysler Automobiles N.V.: Covenant Quality Post-Sale Snapshot: €1.25bn 3.375% Senior Notes due 2023

Fiat Chrysler Automobiles N.V.’s (“Issuer”) covenant package provides lower-tier CQ5-Lite protection.

Fiat Chrysler Automobiles N.V.: Covenant Quality Post-Sale Snapshot: €1.25bn 3.875% Senior Notes due 2026

Fiat Chrysler Automobiles N.V.’s (“Issuer”) covenant package provides lower-tier CQ5-Lite protection.

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/07/2020

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Matthieu DRIOL

Analyse court terme - FIAT CHRYSLER AUTOMOBILES NV : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 12,060 €. La tendance de fond serait remise en cause en cas de franchissement de 15,820 €.

Matthieu DRIOL

Short term view - FIAT CHRYSLER AUTOMOBILES NV : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €12.060. The background trend would be questioned should prices rise above €15.820.

Matthieu DRIOL

Short term view - FIAT CHRYSLER AUTOMOBILES NV : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €12.060. The background trend would be questioned should prices rise above €15.820.

Matthieu DRIOL

Analyse court terme - FIAT CHRYSLER AUTOMOBILES NV : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 12,060 €. La tendance de fond serait remise en cause en cas de franchissement de 15,820 €.

Matthieu DRIOL

Analyse moyen terme - FIAT CHRYSLER AUTOMOBILES NV : La tendance est haussière.

La tendance est haussière. La baisse récente gagne en vigueur. Le prochain support est à 13,730 €. La tendance serait remise en cause par la rupture de 13,730 €.

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/07/2020

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Anthony Dick
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Fehmi Ben Naamane
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Tegner
  • Samantha Jeary
  • Sebastien Malafosse
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/07/2020

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Anthony Dick ...
  • Michael Foundoukidis

ODDO : Preview T2/S1 : nous restons sélectifs

>Malgré la Chine, prudence accrue sur les résultats T2 - A la suite de la récente mise à jour de notre scénario de production 2020 (-22%) et alors que les T2/S1 se profilent, nous avons mis à jour nos prévisions sur les constructeurs à l’occasion de ce preview. Avec un redémarrage plus tardif en Amérique du Nord, plus lent/volatil en Europe et malgré la bonne dynamique observée en Chine, le T2 devrait s’avérer encore plus faible que ce nous anticipions à la sortie d...

Anthony Dick ...
  • Michael Foundoukidis

ODDO : Q2/H1 previews: we remain selective

>Despite China, increased caution on Q2 releases - Following the recent update to our scenario for production in 2020 (-22%) and with Q2/H1 results looming, we updated our estimates for OEMs in this preview. With a later restart in North America, a slower/more volatile recovery in Europe and despite the good momentum seen in China, Q2 is likely to prove even weaker than we anticipated when Q1 earnings were released (EBIT, FCF) and accounts for most of the fresh dow...

Anthony Dick ...
  • Michael Foundoukidis

ODDO : Support plan in France: stimulus package more limited than it looks

>A swift response which acknowledges the urgency of the crisis - As expected, Emmanuel Macron yesterday unveiled his stimulus plan for the French automotive sector, which is broadly in line with the recent leaks (see our note on Monday). With the sector suffering an average decline in activity of 80% since the start of the crisis and estimates suggesting that over 800,000 vehicles are waiting to be sold (50% new 50% used), the government saw the need for urgent action...

Fiat Chrysler Automobiles N.V.: Covenant Quality Post-Sale Snapshot: €1.0bn 4.5% Senior Notes due 2028

Fiat Chrysler Automobiles N.V.’s (“Issuer”) covenant package provides lower-tier CQ5-Lite protection.

Fiat Chrysler Automobiles N.V.: Covenant Quality Post-Sale Snapshot: €1.25bn 3.375% Senior Notes due 2023

Fiat Chrysler Automobiles N.V.’s (“Issuer”) covenant package provides lower-tier CQ5-Lite protection.

Fiat Chrysler Automobiles N.V.: Covenant Quality Post-Sale Snapshot: €1.25bn 3.875% Senior Notes due 2026

Fiat Chrysler Automobiles N.V.’s (“Issuer”) covenant package provides lower-tier CQ5-Lite protection.

Fiat Chrysler Automobiles N.V.: Update following the confirmation of ratings at Ba1 with developing outlook

Update on detailed credit considerations for FCA following the confirmation of ratings at Ba1 with developing outlook.

Fiat Chrysler Automobiles N.V.: Update following the placing of ratings under review with direction uncertain

Update on detailed credit considerations for FCA following the placing of the company's ratings under review with direction uncertain.

Anthony Dick ...
  • Aurelien Sivignon
  • Emmanuel Matot
  • Fatma Ayachi
  • Jean-François Granjon
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 05/27/2020

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Anthony Dick ...
  • Emmanuel Matot
  • Jerôme Bodin
  • Michael Foundoukidis
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/27/2020

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Anthony Dick ...
  • Aurelien Sivignon
  • Emmanuel Matot
  • Fatma Ayachi
  • Jean-François Granjon
  • Johanna Jourdain
  • Matthias Desmarais
  • Michael Foundoukidis
  • Yan Derocles

ODDO BHF Small & MIDCAP MORNING NEWS - 27/05/2020

...

Anthony Dick ...
  • Emmanuel Matot
  • Jerôme Bodin
  • Michael Foundoukidis
  • Stephane Houri
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/05/2020

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Anthony Dick ...
  • Bruno Cavalier
  • Emmanuel Matot
  • Michael Foundoukidis
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 05/25/2020

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FIAT CHRYSLER AUTOS. receives two new qualifications and slightly improves to Neutral

The independent financial analyst theScreener just changed two ratings for the qualification of FIAT CHRYSLER AUTOS. (IT), active in the Automobiles industry. Its market behaviour has improved and can now be considered as moderately risky; its fundamental valuation receives an improved star rating and now shows 2 out of 4 stars. theScreener considers that these elements slightly improve the general evaluation, which passes therefore to Neutral. As of the analysis date February 28, 2020, the closing price was EUR 11.24 and its expected value was estimated at EUR 12.34.

40 Stocks for February 2018

This report was originally published on Feb 5, 2018. It followed an abbreviated note that was issued prior to the close on January 31, 2018. Long/Short Model Portfolio Monthly Update: January 31, 2018There are limitations inherent in our theoretical model results, particularly with the fact that such results do not represent actual trading and they may not reflect the impact material economic and market factors might have had on our decision making if we were actually managing client money. Please see additional disclaimers and disclosures at the back of this report.We highlight stocks that d...

Ford Equity US Rating and Forecast Report

Ford Equity Research covers more than 4,000 stocks using a proprietary quantitative model that evaluates a company’s earnings strength, its relative valuation and recent price movement. Ford’s five recommendation ratings include strong buy, buy, hold, sell, strong sell. For all stocks in our coverage universe, ratings are generated each week and reflect the fundamental and price data as of the last trading day of the week.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Fiat Chrysler Automobiles - AGM 26 June 2020

AGM was initially called on April 16, and postponed to June 26. The Agenda remained the same, with the only exception of the withdrawal of the dividend distribution proposal (a dividend of €0.76 per share was proposed at the revoked AGM of April).In item 2.c, shareholders are called to an advisory vote on the 2019 Remuneration Report. The maximum amount of the executive variable remuneration (300% of the base salary for the annual bonus and 925% under the long-term incentive) substantially exceeds the ECGS' voting policy limits. Furthermore, we strongly regret that 25% of the long-term incenti...

Jehanne Leroy

Etude sur les enjeux financiers, environnementaux et de gouvernance de la proposition de fusion entre Peugeot SA et FiatChrysler Automobiles

Les actionnaires de PSA ont pris connaissance le 31 octobre 2019 avec intérêt du projet de fusion avec Fiat Chrysler Automobiles (FCA).  Si l’intérêt stratégique de cette fusion relève  de la compétence des organes de gouvernance de PSA, une telle fusion ne pourrait être mise en œuvre qu'après accord aux deux-tiers des actionnaires en assemblée générale. Certains réserves apparaissent toutefois devoir être exprimées sur les aspects financiers, environnementaux, sociaux et de gouvernance (ESG) avant que le projet ne paraisse réellement acceptable.  

Expert Corporate Governance Service (ECGS)

Fiat Chrysler Automobiles– AGM 16 April 2020

In item 2.c, shareholders are called to an advisory vote on the 2019 Remuneration Report. The maximum amount of the executive variable remuneration (1'225% of the CEO's base salary, of which 300% for the annual bonus and 925% under the long-term incentive) substantially exceeds the ECGS' voting policy limits of 150% for the annual bonus and 300% for total variable remuneration. Furthermore, we strongly regret that 25% of the long-term incentive does not depend on any performance conditions (restricted shares), and that the CEO received almost €3.0 million for results that were mostly achieved ...

Expert Corporate Governance Service (ECGS)

Fiat Chrysler Automobiles April 12th, 2019

We have serious concerns over FCA's corporate governance, as it does not respect the "one share - one vote" principle, the Board does not have a majority of independent members (58% according to the Company but 42% as per our guidelines), and the controlling shareholder and executive Chairman chairs the Committee responsible for selecting nominees to the Board. Furthermore, since 2017 FCA has been involved in lawsuits concerning alleged violations with respect to the emissions control technology employed by the Company in the US. For all of the above mentioned concerns, we recommend that share...

Fiat Chrysler Automobiles – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

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