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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 : recalls about 300,000 cars due to rollaway risk

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04/19/2019 | 07:21pm EDT

Fiat Chrysler Automobile (FCA) is recalling an estimated 298,439 vehicles in the United States because a transmission problem may cause unintended vehicle movement, Trend reported citing Xinhua.

According to a statement released by the Italian-American automaker on Friday, the recall covers Dodge Dart sedans from 2013 to 2016 with automatic transmissions.

FCA said an investigation discovered that certain cars are equipped with a cable bushing that may degrade after prolonged exposure to high ambient heat and humidity.

Should degradation occur, it may cause the shifter cable to come loose from the transmission. When a driver shifts to park or another gear, the gear may not change and the car is likely to roll away.

FCA said it is unaware of any related injuries or collisions, but it reminds car owners to shut off the engine and engage the parking brake before leaving the cars.

Dealers will replace the bushing free of charge.

The recall also affects 20,117 vehicles in Canada, 3,389 in Mexico and 874 in certain market outside North America.

© 2019 Trend News Agency ALL RIGHTS RESERVED, source News Service

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Financials (€)
Sales 2019 111 B
EBIT 2019 7 001 M
Net income 2019 4 493 M
Finance 2019 3 653 M
Yield 2019 5,45%
P/E ratio 2019 3,76
P/E ratio 2020 3,78
EV / Sales 2019 0,13x
EV / Sales 2020 0,11x
Capitalization 17 703 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 15,2 €
Spread / Average Target 33%
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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
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