Fiat Chrysler Automobiles said on Wednesday it would issue a mandatory convertible bond for $2.5 billion and place up to 100 million of its shares to shore up funding for its €48 billion ($61 billion) investment plan.
Tag Archives: Fiat Chrysler
Fiat Chrysler Automobiles Q3 profits rise 7%
Fiat Chrysler Automobiles today reported a slightly lower-than-expected rise of 7 percent in third-quarter operating profit as weaker margins in North America compounded a slowdown in Latin America, but the automaker stuck to its full-year guidance of a 14 percent rise in operating profit, excluding one-off items.
Fiat Chrysler orders global recall of SUVs for fuel-pump problem
Fiat Chrysler is recalling an estimated 230,760 Jeep and Dodge SUVs globally to install a new part to prevent a fuel-pump issue that could cause the vehicles to stall or not start.
Fiat Chrysler locates new HQ in London’s West End
Fiat Chrysler will locate its new global headquarters in London’s West End, opting for the most expensive office district in the world.
Fiat-Chrysler forecasts New York stock market listing on 13 October
Fiat-Chrysler aims to list shares in the newly merged carmaker in New York on Oct. 13, Chief Executive Sergio Marchionne said on Saturday, adding that a decision on any capital increase would be made at the end of that month.
He was speaking a day after the merger between Fiat and its U.S unit Chrysler cleared its last remaining hurdle.
