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MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Fiat Chrysler Automobiles    FCA   NL0010877643

FIAT CHRYSLER AUTOMOBILES

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Fiat Chrysler Automobiles : GMC trucks to deploy adaptive cruise control system

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05/17/2019 | 12:13pm EDT
FILE PHOTO: The GMC logo is seen at the North American International Auto Show in Detroit, Michigan

(Reuters) - Automaker General Motors Co's truck brand GMC said on Friday its 2020 Sierra large pickup trucks will have an adaptive cruise control system, in a push to catch up with its rivals.

Adaptive cruise control system allows trucks to automatically adjust speed to maintain a set distance behind the vehicle ahead.

It features a single high-mounted camera behind the rear view mirror and can bring the Sierra to a complete stop.

The battle for share in the high-paying large-pickup truck market is intensifying and already a few General Motors' rivals offer this type of system.

The addition of the cruise control system is a sign that General Motors is moving to close gaps with rivals, particularly with Fiat Chrysler Automobiles NV's new Ram pickup truck, which has been gaining market share this year.

(Reporting by Divya R in Bengaluru and Joe White in New York; Editing by Arun Koyyur)

Stocks mentioned in the article
ChangeLast1st jan.
FIAT CHRYSLER AUTOMOBILES -1.53% 12.39 End-of-day quote.-2.30%
GENERAL MOTORS COMPANY -0.18% 38.315 Delayed Quote.14.47%
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Financials (EUR)
Sales 2019 109 B
EBIT 2019 6 612 M
Net income 2019 4 174 M
Finance 2019 4 260 M
Yield 2019 5,15%
P/E ratio 2019 4,66x
P/E ratio 2020 4,40x
EV / Sales2019 0,14x
EV / Sales2020 0,13x
Capitalization 19 420 M
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Technical analysis trends FIAT CHRYSLER AUTOMOBILES
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TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 25
Average target price 14,25  €
Last Close Price 12,39  €
Spread / Highest target 126%
Spread / Average Target 15,0%
Spread / Lowest Target -19,3%
EPS Revisions
Managers
NameTitle
Michael Mark Manley Chief Executive Officer & Executive Director
John Jacob Philip Elkann Chairman
Richard Keith Palmer CFO & COO-Systems & Castings
Harald J. Wester Chief Technology Officer
Andrea Agnelli Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
FIAT CHRYSLER AUTOMOBILES-2.30%21 470
SAIC MOTOR CORPORATION-7.39%40 689
FERRARI54.83%28 657
MARUTI SUZUKI INDIA-17.88%25 902
BYD COMPANY LIMITED--.--%17 664
EXOR NV32.37%16 017