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Is Fiat Chrysler Automobiles About to Have Its Own Costly Diesel Scandal?
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– Was Fiat Chrysler Automobiles (NYSE: FCAU) programming its diesel-powered vehicles to cheat on emissions tests?Continue Reading BelowThat’s the question that investors are asking after allegations made by the U.S. Environmental Protection Agency (EPA) and the California Air Resources Board (CARB) on Thursday morning (January 12).The EPA and CARB have issued Notices of Violation to FCA’s U.S. arm alleging that it used engine-management software that allowed increased emissions in roughly 104,000 diesel-powered vehicles.
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Fiat Chrysler Automobiles Reaches Analyst Target Price
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– In recent trading, shares of Fiat Chrysler Automobiles NV (Symbol: FCAU) have crossed above the average analyst 12-month target price of $10.33, changing hands for $10.42/share.When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher – if things are looking up for the company, perhaps it is time for that target price to be raised.
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Fiat Chrysler Automobiles Slashes Prices by Upto Rs 77,000
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– FCA India, the wholly owned subsidiary of Fiat Chrysler Automobiles, has announced a price cuts up to 7.3% on Fiat Linea and up to 7% on Fiat Punto EVO.The new prices will be applicable with immediate effect on the current model year of the Linea and Punto EVO.This move brings the Linea range under the Rs 10 lakhs (ex-showroom).
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