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

FIAT CHRYSLER AUTOMOBILES N.V.

(FCA)
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Fiat Chrysler Automobiles N : Jeep rolls out Wagoneer SUVs in challenge to GM and Ford

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09/03/2020 | 01:23pm EDT
FILE PHOTO: A Fiat Chrysler Automobiles sign at the U.S. headquarters in Auburn Hills, Michigan

Fiat Chrysler Automobiles NV on Thursday unveiled its new family of Jeep Wagoneer and Grand Wagoneer sport utility vehicles, and the head of the Jeep brand told Reuters he wants to match or beat the sales of rival models made by General Motors Co.

From a luxury image standpoint, "we want to beat Range Rover," global Jeep brand President Christian Meunier said in an interview. "From a business standpoint, we want to beat GMC and Cadillac."

GM's GMC Yukon and Cadillac Escalade model lines are leading sellers in the North American large, luxury SUV segment. Last year, GMC sold nearly 75,000 Yukons. Cadillac sold 35,424 Escalades, while Ford's Lincoln brand sold 18,656 Navigators in 2019.

Luxury sport utilities built on the underpinnings of big pickup trucks represent one of the most profitable segments in the global auto industry. Wagoneer and Grand Wagoneer prices could range from $60,000 to $100,000, Meunier said. That is comparable to the Escalade and Yukon lineups.

Most such vehicles are sold in North America and in certain Middle Eastern markets. Fiat Chrysler's Jeep brand has not had an entry in this segment for decades. In Jeep's absence, GM's Cadillac Escalade and GMC Yukon and Ford's Expedition and Lincoln Navigator models have dominated the segment in North America.

Jaguar Land Rover's Range Rover models have defined the premium end of the large luxury SUV market in North America and in other markets.

Vehicles as large as the Grand Wagoneer, which is derived from a Ram pickup truck, are rare in China, the world's largest market. The Wagoneer and Grand Wagoneer will be built in a factory in suburban Detroit - a handicap for selling in China.

However, Meunier said "there's an opportunity for China which we will test in the next few weeks."

By Joseph White


Stocks mentioned in the article
ChangeLast1st jan.
FIAT CHRYSLER AUTOMOBILES N.V. -0.21% 10.542 Delayed Quote.-20.10%
GENERAL MOTORS COMPANY -1.03% 34.53 Delayed Quote.-5.66%
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Financials
Sales 2020 86 210 M 100 B 100 B
Net income 2020 -670 M -780 M -780 M
Net cash 2020 1 976 M 2 301 M 2 301 M
P/E ratio 2020 -24,4x
Yield 2020 -
Capitalization 16 595 M 19 339 M 19 325 M
EV / Sales 2020 0,17x
EV / Sales 2021 0,13x
Nbr of Employees 191 752
Free-Float 53,6%
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Technical analysis trends FIAT CHRYSLER AUTOMOBILES N.V.
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 13,50 €
Last Close Price 10,54 €
Spread / Highest target 175%
Spread / Average Target 28,1%
Spread / Lowest Target -33,6%
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
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