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Interim Report As of and for the Three Months Ended March 31, 2020 TABLE of CONTENTS
Interim Report As of and for the three months ended March 31, 2020 TABLE OF CONTENTS Page CERTAIN DEFINED TERMS 3 MANAGEMENT DISCUSSION AND ANALYSIS 5 COVID-19 update 5 Highlights 7 Non-GAAP Financial Measures 8 Group Results 10 Results by Segment 17 Liquidity and Capital Resources 24 Risks and Uncertainties 29 Outlook 30 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND NOTES AS OF 31 AND FOR THE THREE MONTHS ENDED MARCH 31, 2020 Interim Condensed Consolidated Income Statement 32 Interim Condensed Consolidated Statement of Comprehensive Income 33 Interim Condensed Consolidated Statement of Financial Position 34 Interim Condensed Consolidated Statement of Cash Flows 35 Interim Condensed Consolidated Statement of Changes in Equity 36 Notes to the Interim Condensed Consolidated Financial Statements 37 1. Basis of preparation 37 2. Scope of consolidation 39 3. Net revenues 40 4. Net financial expenses 41 5. Tax expense 41 6. Goodwill and intangible assets with indefinite useful lives 42 7. Other intangible assets 43 8. Property, plant and equipment 44 9. Trade and other receivables 44 10. Inventories 45 11. Share-based compensation 45 12. Employee benefits liabilities 46 13. Provisions 46 14. Debt 47 15. Other liabilities 48 16. Fair value measurement 48 17. Related party transactions 51 18. Guarantees granted, commitments and contingent liabilities 51 19. Equity 54 20. Earnings per share 56 21. Segment reporting 57 22. Subsequent events 59 CERTAIN DEFINED TERMS In this Interim Report, unless otherwise specified, the terms “we”, “our”, “us”, the “Group”, the “Company” and “FCA” refer to Fiat Chrysler Automobiles N.V., together with its subsidiaries and its predecessor prior to the completion of the merger of Fiat S.p.A. -
PRESS RELEASE Groupe PSA and FCA Plan to Join Forces to Build A
PRESS RELEASE IMPORTANT NOTICE By reading the following release, you further agree to be bound by the following limitations and qualifications: This communication is for informational purposes only and is not intended to and does not constitute an offer or invitation to exchange or sell or solicitation of an offer to subscribe for or buy, or an invitation to exchange, purchase or subscribe for, any securities, any part of the business or assets described herein, or any other interests or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. This communication should not be construed in any manner as a recommendation to any reader of this communication. This communication is not a prospectus, product disclosure statement or other offering document for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14th 2017, as amended from time to time and as implemented in each member State of the European Economic Area and under French and Dutch law and regulation. An offer of securities in the United States pursuant to a business combination transaction will only be made, as may be required, through a prospectus which is part of an effective registration statement filed with the US Securities and Exchange Commission (“SEC”). Shareholders of Fiat Chrysler Automobiles N.V. (“FCA”) and Peugeot S.A. who are US persons or are located in the United States are advised to read the registration statement when and if it is declared effective by the US Securities and Exchange Commission because it will contain important information relating to the proposed transaction. -
ADESA Partners with Fiat Chrysler Automobiles to Pilot Next Evolution of Simulcast Sale
PRESS RELEASE FOR IMMEDIATE RELEASE ADESA Partners with Fiat Chrysler Automobiles to Pilot Next Evolution of Simulcast Sale Hosts Exclusive Livestreaming Sale from Four Locations as Part of FCA Inaugural CPOV Meeting CARMEL, Ind. – September 19, 2019 – ADESA, a business unit of global automotive remarketing and technology solutions provider KAR Auction Services Inc. (NYSE: KAR), partnered with Fiat Chrysler Automobiles (FCA) to pilot an ADESA Simulcast sale outside of the physical auction sale-day environment. As part of FCA’s inaugural national CPOV (certified preowned vehicle) dealer meeting, vehicles were launched into auction from four ADESA auction locations — ADESA Golden Gate, ADESA Indianapolis, ADESA Kansas City and ADESA Las Vegas. FCA CPO dealers attending the event were able to participate in fast, live bidding action. “We were extremely pleased to work with our strong partners at FCA to demonstrate the powerful potential of ADESA Simulcast to this sophisticated and tech savvy group of dealers,” said John Hammer, ADESA president. “ADESA Simulcast allows us to bring the auction right to our dealers — exposing sellers to a broader buyer base and helping buyers access the hard-to- find inventory they need. We were honored to pilot this with FCA and to add to the excitement and energy of their annual meeting.” Launched earlier this year, ADESA Simulcast is a cloud-based auction solution that allows dealers to participate virtually in multiple in-lane sales occurring in any location. As part of ADESA Simulcast, participating dealers can easily access detailed condition reports, photos, valuation tools and transportation options for purchased vehicles. The FCA sale was the first use of the technology to launch from multiple sites in a non-sale-day environment to a defined, exclusive group of dealers. -
Pr Ess R El Ea Se
2 FCA and CNH Industrial host first international TechPro event Turin, June 7, 2016 The first ever international event held in honor of the TechPro2 youth technical training initiative took RELEASE place today at the headquarters of the Salesians of Don Bosco in Turin, Italy. The event illustrated the activities achieved thus far by TechPro2 and rewarded some of the most deserving students who have participated in the training program from different countries around the world. PRESS PRESS The TechPro2 program is a joint initiative from sister companies Fiat Chrysler Automobiles (FCA) and CNH Industrial, in collaboration with the National Centre for Salesian Works (CNOS FAP). CNOS FAP’s mission is to promote formation and professional development according to its founder Don Bosco’s teaching principles. The aim of TechPro2 is to provide young people from over 50 countries around the world – such as Poland, Ethiopia, Argentina, Italy, India and Brazil – with the knowledge and commercial skills that are needed to prepare them for future employment in the automotive and industrial machinery sectors. Mopar, the services, Customer Care, original spare parts and accessories brand of FCA, led this project back in 2008 together with CNOS-FAP. CNH Industrial later joined the initiative in 2011, introducing a specific training program related to commercial vehicles. TechPro2 has grown to be more than a development program to form highly specialised individuals; today it has a global scope which actively involves and fosters a direct dialogue with young people, many of which come from socially underprivileged backgrounds, to offer them a secure professional future. -
Chrysler Group Global Electric Motorcars LLC Remains Segment Leader in Industry
Contact: Nick Cappa Dianna Gutierrez Chrysler Group Global Electric Motorcars LLC Remains Segment Leader in Industry Global Electric Motorcars (GEM) has sold more than 40,000 electric vehicles worldwide, logging almost a half billion emissions-free miles GEM vehicles have saved more than 19.5 million gallons of gasoline and reduced CO2 emissions by more than 93,000 metric tons CO2 reduction is equivalent to planting nearly a half-million CO2 absorbing trees Chrysler Group LLC celebrates 10 years with GEM subsidiary January 24, 2010, Washington, D.C. - Chrysler Group LLC’s wholly-owned subsidiary, Global Electric Motorcars (GEM), has reached a milestone in the Low-speed Vehicle (LSV) industry by selling more than 40,000 GEM battery-electric vehicles. The GEM vehicle line is 100 percent electric and emits zero tailpipe emissions. GEM vehicles have been driven almost 500 million emission- free miles, saving more than 19.5 million gallons of gasoline. This translates into a CO2 reduction equivalent to planting nearly a half-million trees. “GEM is a successful example of how Chrysler Group is reducing CO2 emissions while answering customer needs for alternatively powered vehicles,” said Steve Bartoli—Head of Regulatory Affairs and Engineering Planning, Chrysler Group LLC. “GEM is directly responsible for cutting CO2 output by more than 93,000 tons by replacing gasoline-powered vehicles with electric vehicles.” The Fargo, North Dakota based manufacturer was acquired 10 years ago by Chrysler Group to assist the major automaker in their continuing efforts and commitment to developing, producing and selling environmentally-friendly vehicles. GEM Battery-Electric Vehicles – The Eco-Friendly, Cost-Effective Transportation Alternative Classified as Low Speed Vehicles (LSV) or Neighborhood Electric Vehicles (NEVs) by the National Highway Traffic Safety Administration, the GEM vehicle line is street-legal in most states on roads posted 35 mph or less. -
[email protected] Rick Deneau
January 29, 2010 Contact: Kathy Graham (248) 512-6218 (office) (810) 333-9035 (cell) [email protected] Rick Deneau (248) 512-2694 (office) (248) 730-1685 (cell) [email protected] Chrysler Group LLC Announces Revised Incentives Focused on Promoting Award-winning Vehicles Chrysler Group LLC announces new incentives effective today that keep its award-winning vehicle lineup competitive in the marketplace Incentives valid today through March 1 Tactical incentives encourage customers to “try us again” Auburn Hills, Mich. , Jan 29, 2010 - Chrysler Group LLC today announced new incentives that will give consumers a level playing field when shopping our products against the competition and keep the company competitive in the marketplace. Beginning today, the company is offering current Tundra, Tacoma and Sienna owners an additional $1,000 trade-in bonus cash with the purchase or lease of any new Chrysler, Jeep®, Dodge car or Ram truck. “The 2010 Ram Heavy Duty is Motor Trend magazine’s 'Truck of the Year' and the Ram 1500 is our most awarded truck ever,” said Fred Diaz, President and Chief Executive Officer–Ram Brand and Lead Executive for the Sales Organization, Chrysler Group LLC. “Chrysler invented the minivan and with more than 65 minivan- first innovations has the best minivans in the marketplace with the Dodge Grand Caravan and Chrysler Town & Country. Dodge has sold more minivans than any other manufacturer, and combined with the Town & Country has more than 42 percent market share in the minivan segment,” Diaz added. The company also announced today $1,000 bonus cash for all Toyota returning lessees who purchase or lease a new Chrysler, Jeep, Dodge car or Ram truck vehicle. -
Electric Vehicle Market Status - Update Manufacturer Commitments to Future Electric Mobility in the U.S
Electric Vehicle Market Status - Update Manufacturer Commitments to Future Electric Mobility in the U.S. and Worldwide September 2020 Contents Acknowledgements ....................................................................................................................................... 2 Executive Summary ...................................................................................................................................... 3 Drivers of Global Electric Vehicle Growth – Global Goals to Phase out Internal Combustion Engines ..... 6 Policy Drivers of U.S. Electric Vehicle Growth ........................................................................................... 8 Manufacturer Commitments ....................................................................................................................... 10 Job Creation ................................................................................................................................................ 13 Charging Network Investments .................................................................................................................. 15 Commercial Fleet Electrification Commitments ........................................................................................ 17 Sales Forecast.............................................................................................................................................. 19 Battery Pack Cost Projections and EV Price Parity ................................................................................... -
Sterling Heights Assembly Plant, Sterling Heights, Michigan
Contact: Jodi Tinson Mike McElrath Sterling Heights Assembly Plant 38111 Van Dyke , Sterling Heights, Michigan, United States Floor Space: 5.0 million square feet Acreage: 286 acres Products: 2019 Ram 1500 (Quad Cab and Crew Cab) Employment: 7,068 (6,728 hourly; 340 salaried) on three shifts Union Local: UAW Local 1700, 889 and 412 Plant History: Facility was built in 1953 as a jet engine plant and was operated by the Army as the Michigan Ordinance Missile Plant with Chrysler serving as contractor, building Redstone and Jupiter missiles. It was converted to an automobile plant in 1980 by Volkswagen and purchased by Chrysler Corporation in 1983. Production of Chrysler LeBaron GTS and Dodge Lancer began in September 1984. Dodge Shadow and Plymouth Sundance production began in 1985, and Dodge Daytona production began in 1991. Through the end of the 1991 model year, the facility had produced nearly 1.3 million vehicles. Production of the 2001 Dodge Stratus and Chrysler Sebring sedans began in the fall of 2000, followed by the Chrysler Sebring Convertible. The all-new 2007 Chrysler Sebring Sedan launched in August 2006, followed by the all-new 2008 Dodge Avenger and 2008 Chrysler Sebring Convertible. The Company announced in July 2010 that it would add a second shift of production, or about 900 jobs, in the first quarter of 2011. The second shift began in February 2011. In October 2010, the Company confirmed that it would invest nearly $850 million in a state-of-the-art 425,000-square- foot paint shop at the plant as well as surrounding stamping plants. -
The FFV System Is Available in Each of the Chrysler Models Listed Below
The FFV system is available in each of the Chrysler models listed below. Each model year 2008 and newer vehicle will have a The FFV system is available in each of the models listed below. However, FFV models will have the character below in the vehicle identification number and a decal yellow fuel cap and a badge. To determine if the vehicle is E85 compatible, Chrysler designates flexible fuel vehicles with the under the fuel door indicating E85 use is allowed. FFVs are also distinguished by a yellow fuel cap in Model Year 2008 to present model year. last letter of the 12 character Test Group Name posted on the Vehicle Emissions Control Information label, found under the hood. The Test Group Name is located on the right of the label, just below the engine size. Look for “Group: XXXXXXX.XXXX” then check to see if the last letter falls within the letter groups at the right GENERAL MOTORS Vehicle Engine 2014 ‘13‘12 ‘11 ‘10 ‘09 ‘08 ‘07 ‘06 ‘05 ‘04‘03 ‘02 ‘01 8th Char. in VIN Buick Lacrosse 3.6L XXX look for yellow fuel cap CHRYSLER Vehicle Engine 2014 ‘13 ‘12 ‘11 ‘10 ‘09 ‘08 ‘07 ‘06 ‘05 ‘04 ‘03‘02 ‘01 2009-10 1998-2008 Buick Lucerne3.9LXXXX M Chrysler 2003.6L XXX A thru F Buick Regal 2.0L XXX V Chrysler 3003.6L XXXX A thru F Buick Regal 2.4L X look for yellow fuel cap Chrysler Aspen4.7L X XX A thru FP thru V Buick Terraza3.9LX W Chrysler Sebring (Sedan & Convertible)3.6L X A thru F Buick Verano 2.4L XX look for yellow fuel cap Cadillac ATS3.6LX Chrysler Sebring Convertible 2.7L XXXXA thru FP thru V Cadillac Escalade / ESV / EST6.2LX XX F Chrysler -
2018 Annual Report
2018 ANNUAL REPORT 2018 ANNUAL REPORT AND FORM 20-F 2 2018 | ANNUAL REPORT 2018 | ANNUAL REPORT 3 Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See definition of “large accelerated filer,” “accelerated filer,” and emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer Accelerated filer Non-accelerated filer Emerging growth company If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing: U.S. -
All-New 2017 Chrysler Pacifica Named North American Utility Vehicle of the Year
All-new 2017 Chrysler Pacifica Named North American Utility Vehicle of the Year Panel of esteemed automotive experts select the Chrysler Pacifica as the 2017 North American Utility Vehicle of the Year 2017 marks only the second time a minivan has won the award, with FCA US minivans also receiving the honor in 1996 The all-new Chrysler Pacifica, the most awarded minivan of 2016, reinvents the minivan segment with an unprecedented level of functionality, versatility, technology and bold styling January 9, 2017 , Auburn Hills, Mich. - The all-new 2017 Chrysler Pacifica has been named the 2017 North American Utility of the Year by a panel of automotive experts. The award is unique and considered by many to be one of the world’s most prestigious based on its diverse mix of automotive journalists from the U.S. and Canada who serve as the voting jurors. The winners were announced at a news conference today at the North American International Auto Show in Detroit. “When we first introduced the 2017 Chrysler Pacifica just one year ago, we believed that we had created the perfect formula for today’s busy families,” said Tim Kuniskis, Head of Passenger Car Brands, Dodge, SRT, Chrysler and Fiat, FCA - North America. "But it’s the recognition from our customers and respected opinion leaders like the NACTOY jury that helps to reinforce Pacifica’s status in the marketplace as the no-compromises minivan, and highlights what a great job the entire team has done in developing, building and selling the all-new Pacifica and Pacifica Hybrid.” This is the 24th year of the awards. -
The Name of the New Group Resulting from the Merger of FCA and Groupe PSA
IMPORTANT NOTICE By reading the following communication, you agree to be bound by the following limitations and qualifications: This communication is for informational purposes only and is not intended to and does not constitute an offer or invitation to exchange or sell or solicitation of an offer to subscribe for or buy, or an invitation to exchange, purchase or subscribe for, any securities, any part of the business or assets described herein, or any other interests or the solicitation of any vote or approval in any jurisdiction in connection with the proposed transaction or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. This communication should not be construed in any manner as a recommendation to any reader of this document. This communication is not a prospectus, product disclosure statement or other offering document for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of June 14th 2017. An offer of securities in the United States pursuant to a business combination transaction will only be made, as may be required, through a prospectus which is part of an effective registration statement filed with the U.S. Securities and Exchange Commission (“SEC”). Shareholders of Peugeot S.A. (“PSA”) and Fiat Chrysler Automobiles N.V. (“FCA”) who are U.S. persons or are located in the United States are advised to read the registration statement when and if it is declared effective by the SEC because it will contain important information relating to the proposed transaction.