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
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

U.S., Brazil see room for global ethanol growth before transition to EVs

10/30/2020 | 11:47am EST

NEW YORK, Oct 30 (Reuters) - The United States and Brazil, the two leading ethanol producers, see potential for a large increase in global use of the biofuel as an outright way to cut carbon emissions while the world transitions to all-electric cars, according to industry representatives this week.

"There is a lot of hope (to cut emissions) related to electric vehicles, but the current fleet will still be around for a long time," said Brian Healy, director for ethanol market development at the U.S. Grains Council, adding that biofuel blending in combustion engine cars is the quickest way to improve air quality.

Speaking during the Datagro's International Conference on Sugar and Ethanol this week, Healy said countries should move faster to implement plans to blend ethanol to gasoline.

Several countries and regions around the world are discussing or setting targets to increase use of biofuels such as China, Canada, Britain, India, Mexico, Vietnam, South Africa and Australia. But there have been delays everywhere.

Analysts see an unwillingness from some countries to depend on renewable energy sources if they can not produce them, as is the case with China which postponed its target for a national E10 blending policy.

Lara Bacellar, trading manager at Brazil's Copersucar SA, one of the world's largest ethanol merchants, said that if all mandates and policies for blending in the world were fulfilled, including the U.S. E15 proposition, demand could jump as much as 55 billion liters (12.1 billion gallons) per year.

"Those actions would go in the direction to meet the Paris climate agreement, using a product that is efficient to cut emissions and is available," she said.

Experts see blending as a particularly wise strategy to cut pollution in emerging economies, where the EV revolution is seen taking much longer to happen due to the need of heavy investments in the charging infrastructure.

(Reporting by Marcelo Teixeira Editing by Marguerita Choy)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CBOT ETHANOL FUTURE (EH) - CBR (FLOOR)/C1 0.83% 1.09 End-of-day quote.-20.73%
EURO / BRAZILIAN REAL (EUR/BRL) 0.54% 6.3746 Delayed Quote.40.72%
FIAT CHRYSLER AUTOMOBILES N.V. 1.05% 13.226 Delayed Quote.0.24%
All news about FIAT CHRYSLER AUTOMOBILES N.V.
11/26FIAT 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
11/25Ford 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 86 370 M 103 B 103 B
Net income 2020 45,5 M 54,4 M 54,4 M
Net cash 2020 2 478 M 2 965 M 2 965 M
P/E ratio 2020 -48,6x
Yield 2020 14,0%
Capitalization 20 827 M 24 901 M 24 916 M
EV / Sales 2020 0,21x
EV / Sales 2021 0,18x
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 13,23 €
Spread / Highest target 119%
Spread / Average Target 7,43%
Spread / Lowest Target -47,1%
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.0.24%24 901
BYD COMPANY LIMITED388.80%70 055
HONDA MOTOR CO., LTD.-3.32%49 435
SUBARU CORPORATION-20.45%15 678
FAW CAR CO., LTD.25.48%9 124
HARLEY-DAVIDSON, INC.10.22%6 185