Fiat Chrysler Automobiles (FCAU) Reports Agreement to Sell Teksid Cast Iron Components Business to Tupy SA

U.S. House passes new North American trade deal, Senate timing unclear

December 19, 2019 12:36 PM EST

By David Lawder

WASHINGTON (Reuters) - The U.S. House of Representatives overwhelmingly approved a new North American trade deal on Thursday that includes tougher labor and automotive content rules but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.

The House passed legislation to implement the U.S.-Mexico Canada Agreement 385-41, with 38 Democrats, two Republicans and one independent member voting no.

The bipartisan vote contrasted sharply with Wednesday night's Democrat-only vote to impeach U.S. President Donald Trump.

The House vote sends the measure to the Senate, but it is unclear when... More

Dongfeng and PSA extend joint venture despite stake sale to smooth mega-merger

December 19, 2019 7:27 AM EST

By Yilei Sun and Gilles Guillaume

BEIJING/PARIS (Reuters) - China's Dongfeng Motor Group and Peugeot maker PSA are extending their business cooperation, despite the Chinese company reducing its stake in PSA to help smooth the French carmaker's merger with Fiat Chrysler Automobiles (FCA).

Dongfeng said on Thursday it had agreed with PSA to extend the duration of their joint venture Dongfeng Peugeot Citroen Automobiles (DPCA).

... More

Evercore ISI Upgrades Fiat Chrysler Automobiles NV (FCAU) to Outperform

December 18, 2019 7:44 AM EST

Evercore ISI analyst Arndt Ellinghorst upgraded Fiat Chrysler Automobiles NV (NYSE: FCAU) from In Line to Outperform.

For an analyst ratings summary and ratings history on Fiat Chrysler Automobiles NV click... More

Groupe PSA and FCA (FCAU) Agree to Merge

December 18, 2019 6:13 AM EST

As had been rumored, Fiat Chrysler Automobiles N.V. (NYSE: FCAU) and Peugeot S.A. (Paris: UG) have today signed a binding Combination Agreement providing for a 50/50 merger of their businesses to create the 4th largest global automotive OEM by volume and 3rd largest by revenue. The proposed combination will be an industry leader with the management, capabilities, resources and scale to successfully capitalize on the opportunities presented by the new era in sustainable mobility.

With its combined financial strength and skills, the merged entity will be particularly... More