Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  Fiat Chrysler Automobiles    FCA   NL0010877643

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Fiat Chrysler Automobiles : denies report it has decided to pull Chrysler brand from Japan

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/19/2017 | 10:54am CEST
A woman walks past a logo of Fiat Chrysler Automobiles (FCA) in Turin

Fiat Chrysler Automobiles denied it had decided to pull the plug on the Chrysler brand in Japan, after local media reported it was planning to stop selling the U.S. cars in the country as early as next year following years of poor sales.

"Although FCA Japan has already announced its intention to concentrate its resources on the Jeep brand ahead, no decisions have been made regarding (the) Chrysler brand," the automaker said in a statement on Monday.

The Nikkei business daily reported that the European-U.S. automaker, which also sells the Jeep, Fiat, Alfa Romeo and Abarth brands in Japan, was close to deciding to throw in the towel on the Chrysler brand, which posted sales of less than 300 vehicles in 2016, having fallen steadily since around 2000.

Sales of the brand in Japan have shrunk to roughly one-tenth of what they were a decade ago.

At the moment, FCA sells only one Chrysler model in Japan, the full-sized 300s luxury sedan, which is sold at the company's Jeep dealerships.

As its sales struggle, FCA's Fiat brand, which include smaller models, and its Jeep brand have been growing in the country. Last year they sold around 6,700 and 9,400 units, respectively, making them top 10-selling foreign branded vehicles in the Japanese market.

Foreign cars comprise a small portion of the total Japanese auto market, which is dominated by domestic brands. Last year, 295,000 foreign branded new cars were sold in the country, roughly one-tenth of total new vehicle sales.

(Reporting by Naomi Tajitsu; Editing by Himani Sarkar)

Stocks treated in this article : Nikkei 225, Fiat Chrysler Automobiles
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FIAT CHRYSLER AUTOMOBILES
06/24DJFIAT CHRYSLER'S GREEN AUTOS HAVE A P : They're Not for Sale
06/23 FIAT CHRYSLER AUTOMOBILES : FCA stars in the “Goodwood Festival of Speed 2..
06/23 FIAT CHRYSLER AUTOMOBILES : Camp Jeep® 2017 gets under way
06/21 For thousands of U.S. auto workers, downturn is already here
06/21 ALFA ROMEO TURNS 107 : a weekend of special celebrations
06/20 FIAT CHRYSLER AUTOMOBILES : FCA biomethane at the “Transports G7” in..
06/20 FCA INDIA OPENS PRE-BOOKINGS FOR THE : Customers can pre-book the Jeep Compass f..
06/20 FCA INDIA OPENS PRE-BOOKINGS FOR THE : Customers can pre-book the Jeep Compass f..
06/20 FIAT CHRYSLER AUTOMOBILES : Fca india begins online booking for compass jeep
06/19 FIAT CHRYSLER AUTOMOBILES : Judge taps VW case lawyer to lead Fiat Chrysler owne..
More news
Sector news : Automobiles & Multi Utility Vehicles
12:09a INTERNAL DOSSIER CRITICISES AUDI TOP : Bild
06/24 Volkswagen's Slovak union says close to wage deal to end strike
06/24DJHarley Circles Around VW's Ducati -- WSJ
06/23 HONDA MOTOR : engineer debunks own claim about cause of Takata air bag failures
06/23 GENERAL MOTORS : GM settles hundreds of ignition switch lawsuits
More sector news : Automobiles & Multi Utility Vehicles
News from SeekingAlpha
06/24 Green push by Fiat hits a roadblock
06/23 Nvidia's Presence In Cars Is Threatened By Intel And Qualcomm
06/20 A Coming Pop For Fiat Chrysler
06/20 WALL STREET BREAKFAST : MSCI's Big China Decision
06/20 Fiat owners get VW case lawyer
Advertisement
Financials (€)
Sales 2017 115 576 M
EBIT 2017 6 702 M
Net income 2017 3 097 M
Debt 2017 4 000 M
Yield 2017 0,11%
P/E ratio 2017 4,88
P/E ratio 2018 4,21
EV / Sales 2017 0,16x
EV / Sales 2018 0,15x
Capitalization 14 919 M
More Financials
Chart FIAT CHRYSLER AUTOMOBILES
Duration : Period :
Fiat Chrysler Automobiles Technical Analysis Chart | FCA | NL0010877643 | 4-Traders
Full-screen chart
Technical analysis trends FIAT CHRYSLER AUT...
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 29
Average target price 10,6 €
Spread / Average Target 9,5%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Sergio Marchionne Chief Executive Officer & Executive Director
John Jacob Philip Elkann Chairman
Richard Keith Palmer CFO & COO-Systems & Castings
Harald J. Wester Chief Technology Officer
Andrea Agnelli Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FIAT CHRYSLER AUTOMOBI..12.00%16 684
SAIC MOTOR CORPORATION..29.17%51 781
MARUTI SUZUKI INDIA LT..35.93%33 821
GUANGZHOU AUTOMOBILE G..48.46%21 385
BYD COMPANY LIMITED--.--%19 095
FERRARI53.75%16 850
More Results