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 SpA    FIA   IT0001976403

FIAT SPA (FIA)
Mes dernières consult.
Most popular
  Report  
End-of-day quote. End-of-day quote  - 10/13
7.025 EUR   +1.22%
02/22FIAT CHRYSLER A : 500,000th Fiat 500L Rolls Off Production Line
PU
02/22Ford U.S. chief departs abruptly after behaviour probe
RE
02/20FIAT CHRYSLER C : filing
RE
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Fiat, Sberbank Agree To Make Jeeps In Russia - Report

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/26/2012 | 02:18pm CET

Italian auto maker Fiat SpA (>> Fiat SpA) and Russian state bank OAO Sberbank (SBER.RS) have agreed to form a partnership to build vehicles under the Jeep brand in Russia, whose market is growing faster than the rest of Europe, according to a Sunday report in Italian newspaper Corriere della Sera.

Fiat and Sberbank have signed a letter of intent to assemble vehicles in two factories, the report says, without citing sources.

They will invest EUR850 million in the first one near St. Petersburg where it will eventually produce 120,000 vehicles a year. The second factory will be near Moscow, where the luxury Zil cars for Kremlin officials used to be made.

Although the factories will be able to produce different models, most of them will be sport- utility vehicles, or SUVs, according to the report. Jeep is best known for its SUVs. It belongs to Chrysler Group LLC, the U.S. auto maker majority-owned by Fiat.

Under the terms of the letter of intent, Fiat will own 80% of the partnership, while Sberbank will hold the other 20%, according to the report, adding that Sberbank will provide it with all the financing.

Fiat declined to comment.

The partnership is the outcome of an initiative by the Russian government to promote direct investment in its automotive industry.

In June 2011, it received proposals from various manufacturers, including Fiat, which offered to invest $1.1 billion to build two factories.

Fiat had previously tried to form a partnership with OAO Sollers (SVAV.RS). It failed, losing out to Ford Motor Co. (>> Ford Motor Company).

-By Gilles Castonguay, Dow Jones Newswires; +39 348 596 5667; [email protected]

Stocks mentioned in the article : Ford Motor Company, Fiat SpA, Sberbank Rossii OAO, Sollers OAO
Valeurs citées dans l'article
ChangeLast1st jan.
FIAT SPA 1.22% 7.025 End-of-day quote.18.17%
FORD MOTOR COMPANY 0.28% 10.63 Delayed Quote.-14.89%
SBERBANK ROSSII PAO -0.34% 20.68 Delayed Quote.22.56%
SBERBANK ROSSII PAO --End-of-day quote.
SOLLERS PAO --End-of-day quote.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FIAT SPA
02/22FIAT CHRYSLER AUTOMOBILES : 500,000th Fiat 500L Rolls Off Production Line
PU
02/22Ford U.S. chief departs abruptly after behaviour probe
RE
02/20FIAT CHRYSLER CEO 2017 COMPENSATION : filing
RE
02/20FIAT CHRYSLER AUTOMOBILES : FCA releases its 2017 Annual Report and files annual..
PU
02/20FIAT CHRYSLER AUTOMOBILES : The Alfa Romeo Sauber F1 Team reveals the C37
PU
02/19Daimler shares fall after report about software device in Mercedes cars
RE
02/16SUBARU : Chicago Auto Show winners and losers
AQ
02/16FIAT CHRYSLER AUTOMOBILES : to recall 228,508 trucks to fix shifter issue
RE
02/16FIAT CHRYSLER AUTOMOBILES : FCA US Product Design Office Kicks Off Sixth Annual ..
AQ
02/16FIAT CHRYSLER AUTOMOBILES : Chrysler Pacifica Named 2018 Canadian Utility Vehicl..
AQ
More news
Financials (€)
Sales 2018 117 B
EBIT 2018 8 073 M
Net income 2018 4 983 M
Finance 2018 2 559 M
Yield 2018 0,46%
P/E ratio 2018 5,73
P/E ratio 2019 5,43
EV / Sales 2018 0,22x
EV / Sales 2019 0,19x
Capitalization 27 916 M
Chart FIAT SPA
Duration : Period :
Fiat SpA Technical Analysis Chart | FIA | IT0001976403 | 4-Traders
Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 20,0 €
Spread / Average Target 10%
EPS 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
Sector and Competitors
1st jan.Capitalization (M$)
FIAT SPA18.17%34 241
SAIC MOTOR CORPORATION3.65%61 077
MARUTI SUZUKI INDIA-9.82%40 775
FIAT CHRYSLER AUTOMOBILES21.57%34 241
BYD COMPANY LIMITED--.--%25 913
FERRARI22.47%24 188