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

FIAT CHRYSLER AUTOMOBILES

(FCA)
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Delayed Quote. Delayed Italian Stock Exchange - 01/17 11:36:31 am
12.432 EUR   -0.18%
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Fiat Chrysler Automobiles : appeals to Europe's top court against 30 million EU tax order

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12/07/2019 | 11:56am EST
FILE PHOTO: The logo of Fiat is pictured at a dealership in Orvault near Nantes

Carmaker Fiat Chrysler has lodged an appeal with Europe's top court against an EU order to pay 30 million euros (25 million pounds) in Luxembourg back-taxes, seeking to overturn a lower tribunal ruling backing EU antitrust regulators.

Fiat filed its appeal to the Luxembourg-based Court of Justice of the European Union (CJEU) on Wednesday, two months after the General Court dismissed its challenge against the European Commission's 2015 ruling, the company said on Saturday.

"We confirm Fiat Chrysler Finance Europe SA (FCFE)

lodged an appeal with the European Court of Justice against the General Court's judgment of 24 September 2019 relating to FCFE's Luxembourg tax ruling," the company said in a statement to Reuters.

As part of its crackdown against tax avoidance by multinationals, the EU executive has ordered scores of companies to pay back-taxes ranging from tens of millions to as much as 13 billion euros in the case of iPhone maker Apple. Ireland, which supported Luxembourg in the case, also appealed, a person familiar with the matter said. The CJEU usually takes 18 months to issue a judgment. ($1 = 0.9073 euros)

(Reporting by Foo Yun Chee and Giulio Piovaccari; Editing by Gavin Jones and David Holmes)

By Foo Yun Chee and Giulio Piovaccari

Stocks treated in this article : Apple Inc., Fiat Chrysler Automobiles
Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 1.11% 318.73 Delayed Quote.7.35%
FIAT CHRYSLER AUTOMOBILES -0.18% 12.432 Delayed Quote.-5.61%
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Financials (EUR)
Sales 2019 108 B
EBIT 2019 6 653 M
Net income 2019 3 442 M
Finance 2019 4 528 M
Yield 2019 4,99%
P/E ratio 2019 5,98x
P/E ratio 2020 4,52x
EV / Sales2019 0,14x
EV / Sales2020 0,14x
Capitalization 19 487 M
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Technical analysis trends FIAT CHRYSLER AUTOMOBILES
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 15,76  €
Last Close Price 12,43  €
Spread / Highest target 125%
Spread / Average Target 26,8%
Spread / Lowest Target -11,5%
EPS Revisions
Managers
NameTitle
Michael Mark Manley President, Chief Executive Officer & Director
John Jacob Philip Elkann Chairman
Richard Keith Palmer Chief Financial Officer & Executive Director
Harald J. Wester Chief Technology Officer
Andrea Agnelli Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
FIAT CHRYSLER AUTOMOBILES-5.61%21 617
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FERRARI5.07%32 223
MARUTI SUZUKI INDIA LTD1.28%31 959
BYD COMPANY LIMITED23.39%20 972
EXOR N.V.3.07%18 526