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Fiat Chrysler Automobiles N.V. Nyse

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FCAU

NL0010877643

Fiat Chrysler to be in net cash position by end of June: CEO

June 01, 2018 at 04:18 am EDT

BALOCCO, Italy (Reuters) - Fiat Chrysler will end the second quarter in a net cash position, Chief Executive Sergio Marchionne said on Friday, kicking off the company's five-year strategy presentation.

The 65-year-old, whose black crew neck sweaters have become his calling card, took the unusual step of wearing a tie to celebrate the milestone.

"As you can see from my arguably well tied tie we will report a net industrial cash position at the end of June," Marchionned said.

(Reporting by Agnieszka Flak and Valentina Za)

Latest news about Fiat Chrysler Automobiles N.V.

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STELLANTIS : Barclays reaffirms its Buy rating	May. 03	ZD
Stock markets bullish; focus on U.S. data	May. 03	AN
CAC40: down towards 7900pts, weighed down by Stellantis and STMicro	May. 02	CF
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Stellantis concludes first EUR1 billion buyback tranche	May. 02	AN
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Stellantis Reportedly Recruiting Engineers from Countries With Lower Labor Costs	May. 02	MT
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Futures bullish; Mib restarts at 33,700 points	May. 02	AN
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Stellantis Completes $1.07 Billion Share Buyback Tranche	May. 01	MT
STELLANTIS : Deutsche Bank maintains a Buy rating	May. 01	ZD
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Company Profile

Stellantis N.V., formerly Fiat Chrysler Automobiles N.V., is an automaker and a mobility provider. The Company is engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. The Company has operations in more than 40 countries and sells its vehicles directly or through distributors and dealers in more than 130 countries. It designs, engineers, manufactures, distributes and sells vehicles for the mass-market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. In addition, the Company designs, engineers, manufactures, distributes and sells luxury vehicles under the Maserati brand. The Company's brand portfolio also includes Peugeot, Citroen, DS Automobiles, Opel and Vauxhall.

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2024-06-12 - Investor Day

Related indices

CAC 40 , EURO STOXX 50 , STOXX EUROPE 600 (EUR) , FTSE MIB INDEX

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