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| Article Title | Sentiment | Date | Summary | Stock | Id | Author |
|---|---|---|---|---|---|---|
| Article Title | Sentiment | Date | ||||
| Fiat Chrysler Accused of Neglect in 23 Recalls | -72 | 2015-07-03 00:00:00 | The public comment period on the Fiat Chrysler recalls ends on July 17. to make an example of Fiat Chrysler, which was formed last year in the merger of Fiat, the Italian automaker, and Chrysler, the smallest of Detroit’s three car companies. “When it comes to recalls, Fiat Chrysler is an outlaw,” said the advocate, Clarence Ditlow, head of the Center for Auto Safety. “The agency has raised some legitimate questions about the way Fiat Chrysler Automobiles conducts safety recalls,” he said. PhotoWASHINGTON — Federal regulators on Thursday accused Fiat Chrysler Automobiles of putting lives at risk by repeatedly failing to perform timely vehicle recalls and inform consumers of dangerous defects. | FCAU | {"Bill Vlasic"} | 867 |
| Fiat Chrysler revises new vehicle sales figures | -9 | 2016-07-26 00:00:00 | Ironically, Fiat Chrysler now says its internal review discovered that it has actually under-reported its sales by nearly 19,000 cars and trucks since 2011. Fiat Chrysler acknowledged last week that it is facing scrutiny from the U..S. Securities and Exchange Commission and the U.S. Department of Justice for its sales reporting practices. "In the future, Fiat Chrysler said those "unwound" sales would be culled from its system. It is not unique to Fiat Chrysler. "It is admittedly also possible that a dealer may register the sale in an effort to meet a volume objective (without a specific customer supporting the transaction)," Fiat Chrysler said. | FCAU | {"Brent Snavely","P M","Detroit Free Press","Edt July"} | 35 |
| Fiat Chrysler Shares Tumble on Growth Prospects | -11 | None | The suit claims Fiat Chrysler used “strong-arm” tactics to get dealers to falsify sales reports to benefit the auto maker. With Fiat Chrysler no longer owning the luxury sports car maker, investors have turned their focus to the company’s struggling remaining brands. Fiat Chrysler said the suit is “without merit.”“The press should not be used in litigation matters,” said Mr. Marchionne on the sidelines of a conference in Detroit. Mr. Marchionne is due to give an update of the play Jan. 27 when fourth-quarter results are released. A centerpiece of the plan is for vehicle sales to rise 59% to 7 million in 2018. | FCAU | {"Jeff Bennett Wsj Com","Eric Sylvers","Eric Sylvers Wsj Com","Jeff Bennett"} | 51 |
| Fiat Chrysler Is Fined and Agrees to Fix Safety Reporting System | -33 | 2015-12-11 00:00:00 | Fiat Chrysler is the second major automaker this year to admit failing to report claims under the Early Warning Reporting system. In announcing the penalty, Transportation Secretary Anthony Foxx said it was meant as a signal to Fiat Chrysler and other automakers “to move toward a stronger, more proactive safety culture.”Under the settlement, Fiat Chrysler is required to turn over the missing data to the traffic safety administration within about six months. But neither the automaker nor the safety agency would say or give an estimate of how many deaths and injuries had not been reported. The death and injury disclosure system, called Early Warning Reporting, is supposed to help regulators identify potential defects. PhotoAs part of a $70 million settlement with federal regulators, Fiat Chrysler said on Thursday that it would overhaul its operations to ensure disclosure of deaths and injuries tied to potential defects in its vehicles. | FCAU | {"Danielle Ivory"} | 84 |
| Fiat Chrysler Gets Record $105 Million Fine for Safety Issues | -63 | 2015-07-27 00:00:00 | It is unclear whether the record penalties will have an impact on Fiat Chrysler in the marketplace. Under the order, Fiat Chrysler is required to buy back as many as 500,000 vehicles with defective suspensions that can cause drivers to lose control. Advertisement Continue reading the main storyThe steep punishment is a humbling setback for Fiat Chrysler, one of the fastest-growing carmakers in the American market. PhotoDETROIT — In their most aggressive crackdown yet on auto safety, federal regulators on Sunday levied a record penalty of $105 million against Fiat Chrysler Automobiles for failing to complete 23 safety recalls covering more than 11 million vehicles. Fiat Chrysler is currently recalling 1.59 million Jeeps equipped with the rear-mounted gas tanks, which can catch on fire in high-speed collisions. | FCAU | {"Bill Vlasic"} | 86 |
| Fiat Chrysler fined $70 million for failing to report deaths and crashes | -16 | 2015-12-10 00:00:00 | AUTO INDUSTRYFiat Chrysler fined over crash reportsThe U.S. Department of Transportation said Thursday that it fined Fiat Chrysler $70 million for failing to report vehicle crash deaths and injuries since 2003. It plans to launch the payment system — called Walmart Pay — in all its 4,500-plus U.S. stores early next year. Walmart’s new mobile payment systems works this way: Shoppers download the Walmart app and then select a payment method. Fiat Chrysler said it would pay the fine and pledged to change procedures to ensure proper reporting. Fiat Chrysler must turn over all crash reports it failed to disclose within six months. | FCAU | {} | 398 |
| Fiat Chrysler Sued By Dealers Claiming It Pays Some Dealers To Fake Sales Numbers | -17 | 2016-01-14 21:43:20+00 | UPDATE: 9:20 p.m. EST -- Fiat Chrysler Automobiles (FCA) said Thursday that accusations its sales numbers are rigged are unfounded. “While the lawsuit has not yet been served on FCA US, the company believes that the claim is without merit and was filed by internal counsel to the dealer group,” FCA NV said in statement. Fiat Chrysler Automobiles NV (NYSE:FCAU) shares lost 4.2 percent to $7.53. Original story:The maker of Jeep vehicles and Ram pickup trucks has been accused of offering some U.S. dealerships cash to falsely report sales so the manufacturer could inflate its monthly gains. “These results are reported to the public at large and investment community.”FCA NV, the London parent of the U.S. subsidiary formerly known as Chrysler Group, denied the allegations on Thursday. | FCAU | {} | 465 |
| 2 dealers accuse Fiat Chrysler of inflating sales | -20 | 2016-01-14 00:00:00 | Fiat Chrysler Automobiles' world headquarters in Auburn Hills, Mich. (Photo: Carlos Osorio, AP)Two Fiat Chrysler Automobiles dealerships accused the company of conspiring to inflate sales, sparking a sell-off in the Italian automaker's stock. Fiat Chrysler's U.S. brands are Ram, Jeep, Chrysler, Dodge and Alfa Romeo, and its U.S. headquarters are located in Auburn Hills, Mich. Fiat Chrysler said: "The company is confident in the integrity of its business processes and dealer arrangements and intends to defend this action vigorously. The lawsuit comes after Fiat Chrysler recently posted its 69th consecutive month of gains in U.S. sales, which have been hailed as the pillar of the company's global operations. The suit alleges that dealership principal Edward Napleton was asked, but refused, to falsely report sales of 40 vehicles in exchange for $20,000, which would have been distributed by Fiat Chrysler to the dealership's advertising budget. | FCAU | {"Nathan Bomey","Est January","P M"} | 466 |
| UPDATE 1-Fiat Chrysler sued in Canada following recent vehicle recalls | -15 | 2015-07-29 22:30:50+00 | Milan-listed shares in Fiat Chrysler fell sharply on Monday and were briefly suspended from trading on worries about the impact of recalls in the United States announced in recent days. The U.S. auto safety watchdog, the National Highway Traffic Safety Administration (NHTSA), on Sunday slapped a record $105 million fine on Fiat Chrysler for lapses in safety recalls involving millions of vehicles. "FCA Canada is reviewing the contents of the NHTSA consent order to determine what may potentially apply to Canada. The company said on Friday it would recall 1.4 million vehicles in the United States to install software to prevent hackers from gaining remote control of their engines. A Fiat Chrysler spokeswoman said the company has not yet been served with the lawsuit and that it would be inappropriate to comment until it had studied the allegations in the action. | FCAU | {"Reuters Editorial"} | 467 |
| Regulator Is Said to Fine Fiat Chrysler $70 Million | -62 | 2015-12-10 00:00:00 | A Chrysler spokesman declined to comment as did the auto safety agency. A former head of the safety agency said the Fiat Chrysler penalty is overdue. The maximum penalty under the law is $35 million, so the $70 million most likely represents two violations. The cap was criticized by many lawmakers last year when regulators imposed a penalty of $35 million on G.M. “I’m surprised it’s only $70 million.”The penalty is only the latest in a series of escalating fines issued by the safety agency. | FCAU | {"Bill Vlasic","Danielle Ivory"} | 568 |
| Dealers hit with subpoenas in Fiat Chrysler probe | -12 | 2016-07-31 00:00:00 | The automaker also revised its monthly sales for every month going back to January 2011 and said its 75-month streak of year-over-year monthly sales increases actually ended in September 2013. (Photo: Justin Sullivan, Getty Images)Some of Fiat Chrysler Automobiles' U.S. dealers are getting subpoenas from the federal government related to an investigation into how the automaker reports monthly sales. "Automotive News was the first to report that some FCA dealers are being subpoenaed to provide documents and/or testimony to a federal grand jury in Detroit. A Chrysler dealer like one of those receiving subpoenas in a probe. Last Tuesday, FCA issued a lengthy statement explaining how it reports sales. | FCAU | {"Brent Snavely","Edt August","P M","Detroit Free Press"} | 625 |
| Anton Yelchin death: Fiat Chrysler probe after Star Trek actor killed by his car | -10 | None | The US National Highway Traffic Safety Administration had found there was a safety risk if drivers got out of some Fiat Chrysler models without first putting them in park mode, Fiat Chrysler said in April. Image copyright Paramount Image caption Yelchin (left) played Chekov in three Star Trek filmsCarmaker Fiat Chrysler says it will investigate after Star Trek actor Anton Yelchin was killed by his car - a model that had been recalled - at his home in Los Angeles. In April, Fiat Chrysler recalled 1.1m vehicles worldwide over the risk they could roll away after drivers exit. Police investigators have not established any connection between the transmission in Yelchin's Jeep and the incident that took his life. He reprised the role in a third film, Star Trek Beyond, which is due for release next month. | FCAU | {} | 626 |
| Fiat Chrysler faces safety data issues months after record U.S. fine | -33 | 2015-09-29 21:18:51+00 | WASHINGTON Two months after receiving a record $105 million fine for lapses in U.S. auto safety recalls, Fiat Chrysler Automobiles NV (FCHA.MI) faces new problems over lax safety reports that could lead to additional financial penalties for the Italian-U.S. automaker. Federal regulators said on Tuesday they uncovered an apparent discrepancy at Fiat Chrysler in Early Warning Report data that automakers must provide to the National Highway Traffic Safety Administration under federal law. Neither Fiat Chrysler nor NHTSA identified the vehicles involved and it was not clear whether the under-reporting would have triggered a recall if identified earlier. Early Warning Reports provide data that could identify safety defects and ultimately lead to recalls. "Preliminary information suggests that this under-reporting is the result of a number of problems" with Fiat Chrysler’s early warning report systems, Rosekind said. | FCAU | {"David Morgan"} | 627 |
| Fiat Chrysler Posts Surprise Quarterly Loss on Recall Costs | -9 | 2015-10-28 00:00:00 | The loss totaled 306 million euros ($339 million) versus net income of 174 million euros a year earlier, the London-based carmaker said Wednesday in a statement. Fiat Chrysler sold 127,542 Rams in the third quarter, more than triple the volume from five years earlier, according to KBB.com. Adjusted earnings before interest and taxes rose to 1.3 billion euros from 968 million euros in the 2014 period as revenue increased 17 percent to 27.5 billion euros. Fiat Chrysler expects to recover those costs from insurance. Fiat Chrysler Automobiles NV reported an unexpected third-quarter net loss after one-time charges stemming from handling a U.S. recall wiped out earnings gains from the company’s Italian-made Jeep sport utility vehicle. | FCAU | {"Tommaso Ebhardt","Mark Clothier","Tommaso Ebhardt Mark Clothier"} | 698 |
| Chrysler’s Turbulent History | -15 | 2015-05-24 00:00:00 | Fiat Takes Control Fiat takes over Chrysler after a 42-day bankruptcy and a month of court hearings. The new auto giant chooses a formal name, Fiat Chrysler Automobiles, and a new logo. An Unlikely Comeback Strong sales and hot new products make the smallest American automaker the envy of Detroit. 4 Automaker Chrysler buys American Motors, but the subsequent consolidation prompts another financial crisis that leads to a restructuring of the company. A New Private Equity Owner Chrysler's inconsistent financial results and pressure from German shareholders prompt Daimler to seek a buyer. | FCAU | {} | 731 |
| Taxpayers lose $1.3 billion as govt. exits Chrysler | -18 | 2011-07-21 00:00:00 | As government wraps up the Chrysler bailout, Treasury says it likely lost $1.3 billion on the deal. NEW YORK (CNNMoney) -- U.S. taxpayers likely lost $1.3 billion in the government bailout of Chrysler, the Treasury Department announced Thursday. Initial estimates from the Congressional Budget Office in 2009, predicted the government would lose $40 billion on the overall auto bailout. Now it estimates, by the time the $80 billion program is completely wrapped up, taxpayers will have lost $14 billion. "That's because the government originally expected it would lose much more on the auto bailout. | FCAU | {"Annalyn Censky"} | 732 |
| Chrysler to pay back all but $1.3B of bailout | -14 | 2011-06-03 00:00:00 | Fiat also agreed to pay $75 million for the right to purchase the Chrysler shares held by a trust for retired autoworkers. Chrysler to pay back all but $1.3B of bailoutUpdated | | ShareDETROIT Chrysler Group, newly profitable and confident in its revamped products, will soon sever its ties with the U.S. government after most — but not all — of the bailout loans it got two years ago are repaid. The government authorized $12.5 billion in loans for Chrysler from the end of 2008 through Chrysler's bankruptcy filing in the summer of 2009. Fiat received a 20% stake in Chrysler after it emerged from bankruptcy proceedings in exchange for management expertise and technology. Italian automaker Fiat agreed late Thursday to buy the U.S. Treasury's 6% interest in Chrysler for $500 million. | FCAU | {"Dee-ann Durbin","Associated Press"} | 733 |
| Treasury sells rest of GM stock, ends bailout with $10.5-billion loss | -13 | 2013-12-09 00:00:00 | Although the GM and Chrysler bailouts ended with a loss for taxpayers, Treasury officials said the goal never was to turn a profit. Over the last few weeks, Treasury sold the approximately 30 million shares it had left, with the final sale coming Monday. In 2011, Treasury closed the books on its $12.5-billion bailout of Chrysler and took about a $1.3-billion loss. Earlier Monday, the Center for Automotive Research, a Michigan think tank, estimated the goverment would lose $13.7 billion on the GM and Chrysler bailouts. Last month, Treasury reduced its GM stake to 2.2% and said it planned to sell the rest of the stock by year's end. | FCAU | {"Jim Puzzanghera","Los Angeles Times"} | 739 |
| Auto Sales Struggled in August | -13 | 2010-09-01 16:23:34 | Compared to July, sales were still off a bit, but not nearly as drastically:Aggregated, these big 7 automakers had 5.6% fewer vehicle sales month-over-month. In general, however, auto sales were quite weak last month in a signal that economic uneasiness is beginning to affect the industry. If you look at the big 7 automakers, their vehicle sales were down 22.3% year-over-year. Although most auto companies saw sales decline, some did worse than others. As the sales numbers come in today, some estimates say that it may have been the worst August in nearly three decades. | FCAU | {"Daniel Indiviglio"} | 771 |
| Marchionne Said to Hire Obama Car Czar Bloom for Chrysler | -43 | 2013-09-20 00:00:00 | A fully integrated automaker would feature the mass-market Fiat, Chrysler, Jeep and Dodge brands, along with high-end Maserati and Ferrari cars. Detroit PensionsIn Detroit, Bloom will need to argue against trimming benefits. Andrew Yearley, who negotiated opposite Bloom for the UAW during the Chrysler bankruptcy, now will be his partner in Detroit. Auto BailoutThe Detroit bankruptcy role pits Bloom against Detroit Emergency Manager Kevyn Orr, one of the lawyers for Chrysler and Marchionne when Bloom helped lead the $80 billion bailout that saved General Motors Co. and Chrysler in 2009. At Fiat, Marchionne, 61, has spent the past four years seeking to unify the companies so they can better compete with Toyota Motor Corp., GM and Volkswagen AG. | FCAU | {"Jeffrey Mccracken","Jeff Green","Elisa Martinuzzi"} | 798 |
| Chrysler, Fiat ink deal | -7 | 2009-06-10 00:00:00 | The new Chrysler: The deal established a new company, called Chrysler Group LLC, after the former Chrysler LLC sold nearly all of its assets to the new firm. Though Chrysler sold its assets to Chrysler Group LLC, the old Chrysler will likely remain in bankruptcy for quite some time as it resolves its debts and liabilities. "Fiat spokesman Gualberto Ranieri said Marchionne will retain the title of CEO of both Chrysler and Fiat. Chrysler Group is 55% owned by the United Auto Workers union. "The U.S. Supreme Court on Tuesday cleared the way for the deal after delaying the sale pending review of a case brought by Indiana state pension funds challenging Chrysler's bankruptcy. | FCAU | {"Cnnmoney Com Staff Writer","David Goldman"} | 799 |
| Fiat Deleted Data on Why Jeep Fuel Tanks Moved, Jury Is Told | -36 | 2015-03-26 00:00:00 | By that time 75 people had died in accidents involving Jeep fuel tank fies since 1998, according to government data. The changes added enough space so the fuel tank could be near the middle of the vehicle, Palese said by e-mail. “This fuel tank, in its time, was a very secure tank,” Bell said. Fiat Chrysler moved the fuel tank for its 2005 Jeep Grand Cherokee away from a so-called crush zone behind the rear bumper to a more secure spot near the middle of the vehicle. The rear-mounted fuel tank design was “pretty common” for sport utility vehicles and others when it was used in the Jeep Grand Cherokee, Chrysler’s lawyer Brian Bell said in his opening statements. | FCAU | {"Erik Larson"} | 813 |
| Fiat Chrysler accused of hiding Jeep defect linked to Star Trek actor's death | -34 | 2016-06-23 00:00:00 | Los Angeles police have said their detectives were examining whether the recall issue played a role. Jeep Grand Cherokee owners on Thursday filed suit in California against Fiat Chrysler, accusing the automaker of concealing a shifter design defect linked to driverless rollaway accidents, including this week’s death of Star Trek actor Anton Yelchin. Chrysler Fiat said the issue was linked to 700 incidents overall, including 41 injuries, 212 crashes, and 308 reports of property damage. If so, the actor would be the first fatality reported linked to the recall. The recall applies to 811,000 vehicles in the United States, covering 2014 to 2015 model years of the Jeep Grand Cherokee sport utility vehicle, and 2012 to 2014 Dodge Charger and Chrysler 300 sedans. | FCAU | {} | 864 |
| Fiat Chrysler accused of concealing defect in Jeep Grand Cherokee | -33 | 2016-06-23 23:39:14+00 | The Jeep logo is seen on the wheel of a Jeep Grand Cherokee on the showroom at the Massey-Yardley Chrysler, Dodge, Jeep and Ram automobile dealership in Plantation, Florida October 8, 2013. REUTERS/Joe SkipperLOS ANGELES Jeep Grand Cherokee owners on Thursday filed suit in California against Fiat Chrysler (FCHA.MI), accusing the automaker of concealing a shifter design defect linked to driverless rollaway accidents, including this week's death of "Star Trek" actor Anton Yelchin. The recall applies to 811,000 vehicles in the United States, covering 2014-2015 model years of the Jeep Grand Cherokee sport utility vehicle, and 2012-2014 Dodge Charger and Chrysler 300 sedans. Chrysler Fiat said the issue was linked to 700 incidents overall, including 41 injuries, 212 crashes and 308 reports of property damage. Los Angeles police have said their detectives were examining whether the recall issue played a role. | FCAU | {"Steve Gorman"} | 865 |
| Fiat Chrysler Faked Sales, Dealers Say in Racketeering Suit | -21 | 2016-01-14 00:00:00 | The company solicited dealers to falsely report sales and funneled money to conspiring dealers, the dealers allege. Fiat Chrysler Automobiles NV investors reacted dramatically to the latest concerns about automotive industry scruples after dealers accused the company’s U.S. unit of offering money to falsify sales. The case is Napleton’s Arlington Heights Motors Inc. v. FCA US LLC, formerly known as Chrysler Group Realty Company LLC, 16-cv-00403, U.S. District Court, Northern District of Illinois (Chicago). Vecchio said he viewed the lawsuit skeptically because dealers wouldn’t be able to keep the ruse up for long. Trading HaltedFiat Chrysler trading was halted in Europe after shares fell as much as 11 percent. | FCAU | {"Jennifer Surane","Phil Milford Jennifer Surane","Phil Milford"} | 866 |
| U.S. will punish Fiat Chrysler over recall failures | -51 | 2015-07-02 00:00:00 | Rosekind did not rule out passing along the Fiat Chrysler case to the U.S. Justice Department for a criminal investigation. But he said Fiat Chrysler has moved quickly to add recall officials and safety investigators to comply with NHTSA demands. In one case, Timian said, Fiat Chrysler recalled and fixed Jeep SUVs that were prone to inadvertent air bag deployment. Fiat Chrysler's recall remedies sometimes fail to remedy the defects they are supposed to fix," Yon said. NHTSA investigators say Fiat Chrysler's recall responses have been too slow and inefficient. | FCAU | {"Nathan Bomey","Edt July","P M"} | 868 |
| Fiat Chrysler Sued for Jeep Death of Star Trek Actor Yelchin | -9 | 2016-08-02 00:00:00 | Fiat Chrysler Automobiles NV was sued for wrongful death by the parents of actor Anton Yelchin who was killed when his 2015 Jeep Grand Cherokee rolled down on him in his driveway. Yelchin, 27, played Ensign Pavel Chekov in the 2009 "Star Trek" movie, “Star Trek Into Darkness” in 2013 and in this year’s “Star Trek Beyond.” He died in June when his Grand Cherokee rolled down his driveway at his Studio City, California, home and pinned him against a fence. “FCA US LLC extends its sympathies to the Yelchin family for their tragic loss,” the carmaker said in a statement. Fiat Chrysler recalled more than 1.1 million Grand Cherokees and large cars in April because the drivers sometimes exited vehicles without putting them in park. “The company has not been served with a lawsuit and cannot comment further at this time.”The case is Yelchin v. FCA US LLC, BC629096, Los Angeles County Superior Court. | FCAU | {"Edvard Pettersson"} | 464 |
| Fiat Chrysler’s Record Penalty Shows ‘More Muscular’ NHTSA | -41 | 2015-07-27 00:00:00 | Performance RequirementsIn additional to the cash penalty, Fiat Chrysler was ordered to spend at least $20 million to meet NHTSA’s performance requirements. The agreement requires Fiat Chrysler to notify vehicle owners eligible for buy-backs and other financial incentives about their options. Fiat Chrysler said in a statement Monday total costs for buy-backs and reimbursements to Jeep owners won’t be material to its financial results. Fiat Chrysler, which bases its North American operations in Auburn Hills, Michigan, acknowledged three violations of U.S. auto-safety laws in a statement Sunday. Fiat Chrysler Automobiles NV’s record $105 million penalty for lagging efforts to address safety defects represents the latest sign that regulators have become tougher cops on the beat, U.S. officials said. | FCAU | {"Jeff Plungis"} | 569 |
| Fiat Chrysler Cited By NHTSA, Agrees To Pay $105M Fine For Faulty Recall Procedures | -27 | 2015-07-27 00:05:50+00 | View the NHTSA's Consent Order Against Fiat Chrysler below:FCA Consent Order On July 2, NHTSA officials cited Fiat Chrysler for failures over the course of 23 vehicle safety recalls, which involved more than 11 million defective vehicles. An additional $15 million could be issued if the independent monitor discovers more violations of the consent order. Fiat released a response to the NHTSA action Sunday, saying:“FCA US LLC acknowledges the admissions in its consent order with the National Highway Traffic Safety Administration. The civil penalty, which is the largest ever imposed by the NHTSA, comes after Fiat Chrysler admitted it violated the safety act in three areas, namely: effective and speedy recall procedures, notifying vehicle owners and dealers of safety concerns, and notifying the NHTSA. | FCAU | {} | 570 |
| Fiat Chrysler Slumps Amid Fight With Germany Over Car Emissions | -12 | 2016-05-23 00:00:00 | Fiat Chrysler Automobiles NV slumped to a three-month low as its fight with Germany over vehicle emissions escalated after the country’s most-read newspaper reported that the authorities found that the company cheated. Fiat Chrysler dropped as much as 5.9 percent to 5.94 euros, the lowest intraday price since Feb. 26, and was trading down 3.6 percent at 11:27 a.m. in Milan, making Italy’s FTSE MIB Index the day’s worst performer in Europe. “The Italian model-approval authorities are called upon to assess the results and to take action,” the German ministry said. The scandal prompted Germany to set up a commission to look into emissions readings across all manufacturers. The Italian-American automaker said all its autos meet European rules after Bild am Sonntag newspaper reported that Germany’s Federal Motor Transport Authority determined the carmaker allegedly used illegal software to manipulate emissions controls. | FCAU | {"Tommaso Ebhardt"} | 697 |
| European shares buoyed by tech, pharma stocks; Fiat, Bayer slump | -10 | 2016-05-23 08:49:51+00 | A Fiat Chrysler spokesman declined to comment on report but said all the carmaker's vehicles are compliant with existing emissions regulations. Today's European research round-upADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). Adds details, share prices)By Danilo MasoniMILAN, May 23 European shares inched higher on Monday, helped by gains in tech and healthcare stocks, but Fiat Chrysler slumped on a report raising emissions issues and Bayer dropped after making an offer for Monsanto. "We doubt Fiat Chrysler would be fully prohibited from selling cars in Germany, given that Volkswagen was allowed to continue selling cars even as defeat devices were found in some of its cars," the Swiss broker said in a note. Further, we expect Monsanto to reject the offer initially as such protracting the uncertainty around Bayer shares," Helvea said in a note. | FCAU | {"Reuters Editorial"} | 709 |
| Fiat Completes Takeover of Chrysler | -16 | 2009-06-11 00:00:00 | As envisioned by Chrysler, Fiat and the government, Wednesday’s sale will create a new carmaker freed from the old Chrysler’s crushing labor costs and debt levels. For the moment, Chrysler dealers will have to rely on many of the same vehicles sold by Chrysler before it entered bankruptcy. Through May, Chrysler sales were down 46.3 percent, and it held just 10 percent of the car and truck market, down from nearly 15 percent a few years ago. Small Fiats like the Fiat 500, are expected to be sold at Chrysler dealers. With the touch of pen to paper and a simple wire transfer, Chrysler completed its alliance with Fiat on Wednesday morning, largely ending its quick trip through bankruptcy. | FCAU | {} | 797 |
| TIMELINE - Chrysler bankruptcy and beyond | -20 | 2009-06-10 15:58:17+00 | April 30 - Chrysler and Fiat confirm a global strategic alliance as Chrysler files for Chapter 11 bankruptcy after talks with bondholders to restructure its debt collapse. May 4 - Chrysler wins interim approval from a U.S. bankruptcy court to access a $4.5 billion loan from the U.S. and Canadian governments. May 1 - Chrysler idles plants, saying its survival depends on quick court approval of its restructuring plan. -- Chrysler wins court approval to cut a quarter of its U.S. dealerships. June 1 - A U.S. Bankruptcy Court judge approves the sale of substantially all of Chrysler's assets to a group led by Fiat. | FCAU | {"Reuters Editorial"} | 800 |
| Fiat Chrysler Fined $70 Million on Safety-Reporting Lapses | -24 | 2015-12-09 00:00:00 | Congressional ActionThe early warning compliance problems caught the attention of Congress last year. The penalty wraps up a second major investigation of Fiat Chrysler by the National Highway Traffic Safety Administration this year. Chrysler ReactionThe early warning filings are used by the government to identify patterns and possible safety defects. In July, the regulator issued a then-record $105 million civil penalty for the company’s lagging efforts to address safety defects. Fiat Chrysler Automobiles NV will pay a $70 million fine for failing to report fatalities, injuries and warranty repairs as U.S. safety regulators step up their enforcement in the wake of lapses by automakers in making required disclosures. | FCAU | {"Jeff Plungis"} | 85 |