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 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Fiat Chrysler Automobiles N : New Unifor-FCA Collective Bargaining Agreement Strengthens Commitment to Canadian Operations With Investment and Jobs

10/20/2020 | 06:50pm EST
October 19, 2020 , Windsor, Ontario
- FCA Canada confirmed today that its Unifor-represented workforce has ratified a new three-year agreement that builds on the Company's commitment to grow its Canadian manufacturing operations by providing total investments of up to $1.58 billion and creating 2,000 new jobs.

'FCA has maintained a strong footprint in Canada for nearly a century. Over the last decade, we have invested over $4 billion in our Canadian manufacturing facilities, more than any other OEM in the country and it is our intention to maintain this leadership,' said Mark Stewart, Chief Operating Officer, FCA North America. 'This agreement bolsters our global competitiveness and positions us for future growth with new product investment and new jobs, while also demonstrating our commitment to our employees, their families and the communities we represent.'

Working in collaboration with Unifor, as well as both the Federal and Provincial governments, the Company has committed to install a new multi-energy vehicle architecture, including Plug-In Hybrid Electric (PHEV) and Battery Electric (BEV) vehicle capability, and at least one new model on that architecture at its Windsor Assembly Plant. The value of this investment ranges from $1.35 billion to $1.50 billion.

Additional investments include $50 million for Brampton Assembly, which will introduce three new variants of the popular Dodge Charger and Dodge Challenger muscle cars, in addition to continuing production of the Chrysler 300. The Etobicoke Casting Plant will receive two new products with an investment of $14.4 million, which includes a workforce increase of 22 percent. FCA's transport operation (FCAT) also will receive $14.3 million in equipment upgrades.

The new agreement follows the previously established pattern on economics and benefits.

FCA Canada continues to employ more people and build more vehicles than any of the domestic three automakers. The new agreement covers more than 8,400 Unifor-represented manufacturing employees across the country.
FCA Canada
Founded as the Chrysler Corporation in 1925, FCA Canada Inc. is based in Windsor, Ontario, and celebrates its 95th anniversary in 2020. FCA Canada is a wholly owned subsidiary of FCA, a North American automaker based in Auburn Hills, Michigan and member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. FCA Canada has approximately 440 dealers that sell Chrysler, Dodge, Jeep®, Ram, FIAT and Alfa Romeo products, as well as SRT performance products. The company also distributes Mopar and Alfa Romeo parts and accessories. In addition to its assembly facilities, which produce the Chrysler Pacifica, Chrysler Pacifica Hybrid, Chrysler Voyager and Chrysler Grand Caravan (Windsor) and Chrysler 300, Dodge Charger and Dodge Challenger (Brampton), FCA Canada operates an aluminum casting plant in Etobicoke, a research and development centre in Windsor, and has sales offices and parts distribution centers throughout the country.

Disclaimer

Fiat Chrysler Automobiles NV published this content on 19 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 October 2020 22:49:06 UTC


© Publicnow 2020
All news about FIAT CHRYSLER AUTOMOBILES N.V.
08:40aFIAT CHRYSLER AUTOMOBILES N : Maserati to electrify entire line-up in next five ..
RE
11/25FIAT CHRYSLER AUTOMOBILES N : Dodge//SRT Launches Black Friday 'Dodge Power Doll..
AQ
11/25FIAT CHRYSLER AUTOMOBILES N : Ram Launches Fourth Phase of U.S. Armed Forces-ins..
AQ
11/25FIAT CHRYSLER AUTOMOBILES N : Ram Truck Brand Continues Holiday Tradition to Lea..
AQ
11/25FIAT CHRYSLER AUTOMOBILES N : Jeep Store by Amazon Opens to Enthusiasts
AQ
11/24Ford orders 12 ultra-cold freezers to distribute COVID-19 vaccines to employe..
RE
11/24FIAT CHRYSLER AUTOMOBILES N : Orders kick off for the new Talento DCT
PU
11/24FIAT CHRYSLER AUTOMOBILES N : Opens Official Jeep Store on Amazon
DJ
11/24FIAT CHRYSLER AUTOMOBILES N : Dodge//SRT Launches Black Friday 'Dodge Power Doll..
PU
11/24FIAT CHRYSLER AUTOMOBILES N : Ram Launches Fourth Phase of U.S. Armed Forces-ins..
PU
More news
Financials
Sales 2020 86 322 M 103 B 103 B
Net income 2020 45,5 M 54,2 M 54,2 M
Net cash 2020 2 480 M 2 957 M 2 957 M
P/E ratio 2020 -48,1x
Yield 2020 14,1%
Capitalization 20 610 M 24 538 M 24 569 M
EV / Sales 2020 0,21x
EV / Sales 2021 0,17x
Nbr of Employees 191 752
Free-Float 53,6%
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 N.V.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 14,21 €
Last Close Price 13,09 €
Spread / Highest target 122%
Spread / Average Target 8,56%
Spread / Lowest Target -46,5%
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 N.V.-0.08%24 724
BYD COMPANY LIMITED388.80%73 355
SAIC MOTOR CORPORATION LIMITED4.61%46 238
FERRARI N.V.28.30%39 239
MARUTI SUZUKI INDIA LTD-4.25%28 887
GUANGZHOU AUTOMOBILE GROUP CO., LTD.-9.28%19 354