Hints and tips:
...I never thought I’d say it, but let’s hope other regulators take a leaf out of the FCA’s book. Nevertheless, the volume of complaints is still high....
...Conditioning enhanced R&D tax breaks on a domestic listing — as the report suggests, for example — is its own kind of protectionism....
...The US customer confirmed it would be cutting orders shortly before Gent went on holiday and spelt out the depth of the cut shortly after he’d left....
...Drop us a line: due.diligence@ft.com....
...FCA was the first car group to team up with Waymo in 2016, selling it Chrysler Pacifica minivans for use in a public ride-hailing fleet....
...The FCA said it had identified 6m policyholders who paid high or very high margins in 2018: if they’d paid the average for their risk, they would have saved £1.2bn....
...FCA, which is in the middle of a $50bn merger with France’s PSA, and Waymo also agreed to build a fleet of autonomous vans for Waymo Via, the goods delivery service....
...It has been a drawn-out journey but the end to Fiat Chrysler Automobiles’ search for a partner could be in sight....
...Lazard is advising Exor, Goldman and d’Angelin & Co are advising FCA and Perella Weinberg and Messier Maris & Associés are advising PSA. Darrois and Sullivan & Cromwell provided legal advice for FCA....
...Jeep is the flagship brand for Fiat Chrysler, having grown to dominate the company under the leadership of Mike Manley, who ran the brand before becoming FCA CEO last year....
...Nestlé will continue to reap profits from the private equity venture and maybe a float. If you’d like to dig down into the deal’s financial engineering, Lex has the full details here....
...FCA walked away from a deal earlier this month after disputes over its terms....
...For FCA, bankers at Goldman Sachs including FX de Mallman, the London-based advisory kiosk d’Angelin & Co, which was founded by former Lehman Brothers and Ondra Partners banker Benoit d’Angelin, and Nomura...
...Excellent R&D capabilities with a leading focus on helmet liner and retention systems and impact protection capabilities. 2019 Revenues of $44.2m, (61% in the US, 39% ROW) (81% Military, 19% First Responder...
...His team said he couldn’t say more, due to gagging restrictions from the Financial Conduct Authority, which is probing, though the idea of a gag is denied by FCA officials....
...The owner of French carmaker Peugeot is in talks with rival Fiat Chrysler Automobiles about a deal to merge with the Italian-American group and create a company with shares worth more than $47bn....
...Declines in France were greater (Castorama LFL -44%, B-D -39%) with a slower pace of store re-openings. Poland was also robust (-9.6% LFL) as were Russia and Romania....
...Keeping the dream alive: FCA and Renault Executives at Fiat Chrysler Automobiles and Renault have made no secret of their desire to bring the two carmakers together....
...● At Home, the US big-box retail chain recently buoyed by bid speculation, tumbled on a profit warning....
...Renault shares tumbled on Thursday morning, while shares in FCA and Nissan were also down. As the blame game begins our M&A newsletter Due Dilligence looks at why the talks collapsed....
...Chrysler Automobiles....
...FCA US said that total sales climbed 6 per cent last month from a year ago to 170,970....
...At the FCA factory, Mr Cassidy calculated that since the vast majority of the 1,500 vans produced every day are exported to the US, a 25 per cent tariff would mean 17 days of lost work over the year if the...
...A growing economy and strong new products helped us execute a very successful plan to conquest customers from other brands,” said Kurt McNeil, GM US sales chief....
...The outlay from launching new vehicles also took tolls on Fiat Chrysler, General Motors, Volvo and Daimler, with higher marketing spending and, in FCA’s case, unexpected outgoings to overcome teething problems...
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