Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

FIAT CHRYSLER AUTOMOBILES N.V.

(FCA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

UAW leader, U.S. prosecutor discuss independent oversight for union

share with twitter share with LinkedIn share with facebook
06/30/2020 | 09:07pm EDT
United Auto Workers (UAW) acting president Rory Gamble speaks to Reuters from his office in Southfield, Michigan,

By Nick Carey

The United Auto Workers' president met on Tuesday with the U.S. prosecutor heading a federal investigation into corruption at the union, and the two said they discussed reforms including possible independent oversight of future labor agreements.

In a joint statement, union chief Rory Gamble and Matthew Schneider, the U.S. attorney for the Eastern District of Michigan, said they discussed the "concept of an independent monitor... to reduce the possibility of a reoccurrence of corruption."

They said there are a "number of reform options that are on the table," which they will discuss in the coming weeks.

Earlier this month, Schneider said the UAW still has much to do to reform itself and that a federal takeover of the union remains an option.

Gamble was appointed UAW president last November when his predecessor Gary Jones was forced out after being linked to the corruption probe. Jones pleaded guilty in early June to charges he embezzled more than $1 million of union funds.

Gamble promised from the start that he would reform the UAW.

Membership in the UAW rose less than 1% to 398,829 in 2019, after falling 8% in 2018, according to regulatory filings.

In 1988, the U.S. Justice Department sued to force out senior leaders at the International Brotherhood of Teamsters union and appointed a trustee because of the union's connection to organized crime. The government oversaw the union from March 1989 until 2015, and a five-year transition period followed.

The Federal Bureau of Investigations has been investigating alleged illegal payoffs to UAW officials by Fiat Chrysler Automobiles (FCA) NV.

That investigation lead to rival automaker General Motors Co filing a lawsuit against FCA last year, accusing the Italian-American company's executives of bribing UAW officials to secure labor agreements that put GM at a disadvantage.

(Reporting By Nick Carey; Editing by David Gregorio)

share with twitter share with LinkedIn share with facebook
Latest news on FIAT CHRYSLER AUTOMOBILES
07/06FIAT CHRYSLER AUTOMOBILES N : U.S. appeals court rejects GM's call to remove jud..
RE
07/06Ford's Bronco SUV bucking to take on FCA's Jeep
RE
07/03FIAT CHRYSLER AUTOMOBILES N : Dodge Introduces 'Demon-possessed' 2021 Dodge Char..
AQ
07/03CAT OUT OF HELL : Dodge//SRT Introduces the Most Powerful SUV Ever - 2021 Durang..
AQ
07/03FIAT CHRYSLER AUTOMOBILES N : 2020 Challenger SRT Super Stock Is the Newest Dodg..
AQ
07/03Fiat, PSA stick to merger deal after dividend cut report
RE
07/03GLOBAL MARKETS LIVE: Fiat Chrysler, Regeneron, Uber…
07/03FIAT CHRYSLER AUTOMOBILES N : Rejects Reports It Is Changing EUR5.5 Billion Divi..
DJ
07/02Car Sales Fall Despite Discounts, Deals -- WSJ
DJ
07/01Automakers laud U.S. consumer 'resilience' despite COVID-19 hit to sales
RE
More news
Financials
Sales 2020 86 245 M 97 532 M 97 532 M
Net income 2020 -1 354 M -1 532 M -1 532 M
Net Debt 2020 1 333 M 1 507 M 1 507 M
P/E ratio 2020 -10,6x
Yield 2020 -
Capitalization 14 120 M 15 968 M 15 968 M
EV / Sales 2019
EV / Sales 2020 0,18x
Nbr of Employees 191 752
Free-Float 53,8%
Chart FIAT CHRYSLER AUTOMOBILES N.V.
Duration : Period :
Fiat Chrysler Automobiles N.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FIAT CHRYSLER AUTOMOBILES
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 10,15 €
Last Close Price 9,00 €
Spread / Highest target 211%
Spread / Average Target 12,8%
Spread / Lowest Target -49,4%
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 N.V.-31.76%15 968
FERRARI N.V.6.32%31 806
SAIC MOTOR CORPORATION LIMITED-17.15%30 836
BYD COMPANY LIMITED85.33%28 377
MARUTI SUZUKI INDIA LTD-16.90%24 009
EXOR N.V.-26.46%13 228