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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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Growing Diverse Enterprises: FCA Hosts 21st Annual Supplier Diversity MatchMaker Event

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09/18/2020 | 12:49pm EDT

Highlights:

* Virtual event connected more than 150 diverse business owners with 600 supplier decision makers and 100 FCA buyers across commodity groups

* Only automaker to host matchmaker event this year given the impacts of COVID-19 on large networking events

* Company announced plans to track certified LGBTQ- and disable-owned enterprises

* Event honored Aristeo Construction, Irvin Automotive Products and Ryan Industries for supplier diversity excellence

Auburn Hills, Mich. - FCA virtually hosted its 21st annual supplier diversity MatchMaker program today, continuing the company's long-standing commitment to building a diverse supply base and growing wealth for diverse business owners throughout the value chain. During the event, the Company also announced plans to begin tracking spend with certified LGBTQ- and disable-owned enterprises. FCA is the only automaker to host a supplier diversity matchmaker program this year.

Attended by more than 150 exhibitors, 600 attendees and 100 FCA decision makers, the 21st annual MatchMaker program also included an awards ceremony honoring FCA suppliers that demonstrate leadership, passion and commitment to building robust supplier diversity programs. Winners in three categories included:

Indirect: Aristeo Construction (Livonia, Mich.)

Direct Production: Irvin Automotive Products (Pontiac, Mich.)

Mopar: Ryan Industries (Wixom, Mich.)

'MatchMaker has been a flagship component for our award-winning supplier diversity program for more than 20 years,' said Mark Stewart, Chief Operating Officer, FCA - North America. 'It is a powerfully effective program that is based on a very simple idea that a company can optimize the economic impact of its business with diverse people and communities that represent its customers and employees. So, after 20-plus years it may not seem so breakthrough or unique, but the values MatchMaker represents are timeless and perhaps never more important than they are right now.'

During the event, diverse-owned companies hosted virtual exhibit spaces for networking, attended educational programming and held 1:1 matchmaking meetings. The opening ceremony kicked off with various FCA executive speakers and well-known supplier diversity champions Michelle Sourie Robinson, president and CEO of the Michigan Minority Supplier Development Council, and Dr. Ken Harris, president and CEO of the National Business League.

MatchMaker has generated more than $4 billion in new business opportunities for minority-owned, including women, veteran, LGBTQ and disabled, and small businesses since its inception in 1999.

Since 1983, the Company has purchased more than $80 billion from minority-owned, women-owned and veteran-owned suppliers. In 2019, FCA in North America spent more than $8 billion with 300-plus diverse suppliers and received the following honors for its supplier diversity efforts:

Benchmark Corporation of the Year from Rainbow Push Coalition

Corporation of the Year from the National Minority Supplier Diversity Council

Supplier Excellence Award from the Great Lakes Women Business Council

Top Corporation Gold Award from the Women's Business Enterprise National Council

President's Award from Canadian Aboriginal and Minority Supplier Council

The company's supplier diversity goals require that up to 12.5% a tier-one supplier spend be sourced to certified minority-owned businesses, women-owned businesses and veteran-owned businesses. FCA is now also tracking spend among LGBTQ- and disable-owned enterprises.

The virtual event was powered by the Original Equipment Suppliers Association's (OESA) meeting platform.

For more information or to register your diverse business, visit supplierdiversityfca.com.

FCA

Fiat Chrysler Automobiles (FCA) is a global automaker that designs, engineers, manufactures and sells vehicles in a portfolio of exciting brands, including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram and Maserati. It also sells parts and services under the Mopar name and operates in the components and production systems sectors under the Comau and Teksid brands. FCA employs nearly 200,000 people around the globe. For more details regarding FCA (NYSE: FCAU/ MTA: FCA), please visit www.fcagroup.com.

(C) 2020 Electronic News Publishing, source ENP Newswire


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Financials
Sales 2020 85 758 M 101 B 101 B
Net income 2020 -798 M -943 M -943 M
Net cash 2020 500 M 591 M 591 M
P/E ratio 2020 -28,6x
Yield 2020 -
Capitalization 17 473 M 20 683 M 20 650 M
EV / Sales 2020 0,20x
EV / Sales 2021 0,16x
Nbr of Employees 191 752
Free-Float 53,6%
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Number of Analysts 21
Average target price 12,97 €
Last Close Price 11,10 €
Spread / Highest target 161%
Spread / Average Target 16,8%
Spread / Lowest Target -41,4%
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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
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