dutchman Posted March 5, 2014 Share Posted March 5, 2014 I think the new renegade is the bigger news here....should be a hot seller. Link to comment Share on other sites More sharing options...
Palantir Posted March 8, 2014 Share Posted March 8, 2014 Finally bought this, well after most of you smart people. It still looks cheap, and I like owning Ferrari. :D Link to comment Share on other sites More sharing options...
plato1976 Posted March 8, 2014 Share Posted March 8, 2014 Not sure if we will crash together after your purchase... but I won't sell until at least 20 Finally bought this, well after most of you smart people. It still looks cheap, and I like owning Ferrari. :D Link to comment Share on other sites More sharing options...
karthikpm Posted March 8, 2014 Share Posted March 8, 2014 Fiat mentioned in the Fairfax Annual Letter Tesla Motors, for example, sold 22,477 cars in 2013 but commands a market cap of $31 billion, while Fiat, which we like, sold 4.4 million cars but has a market cap of only $14 billion. And looks like they exited their Fiat position "$69 million from the sale of Fiat" Any guesses/ideas as to what price they bought Fiat at ? Link to comment Share on other sites More sharing options...
Phaceliacapital Posted March 10, 2014 Share Posted March 10, 2014 Finally bought this, well after most of you smart people. It still looks cheap, and I like owning Ferrari. :D Meanwhile, in a Ferrari dealer shop: Palantir: "You know, I am a Ferrari shareholder, what can you do for me??" :D Link to comment Share on other sites More sharing options...
Palantir Posted March 10, 2014 Share Posted March 10, 2014 ^Would be lying if I said that had not crossed my mind. :P Link to comment Share on other sites More sharing options...
karthikpm Posted March 10, 2014 Share Posted March 10, 2014 More good press for FIAT on Geneva Auto Show- seems like the Maserati Alfieri was a hit ! http://www.economist.com/node/21598868 Link to comment Share on other sites More sharing options...
goldfinger Posted March 13, 2014 Share Posted March 13, 2014 Good news on the earnings front. Full disclosure of the business model of the combined entity May 6: http://www.bloomberg.com/news/2014-03-13/fiat-ceo-marchionne-says-quarterly-profit-to-rise-on-u-s-.html Link to comment Share on other sites More sharing options...
yadayada Posted March 13, 2014 Share Posted March 13, 2014 Fiat mentioned in the Fairfax Annual Letter Tesla Motors, for example, sold 22,477 cars in 2013 but commands a market cap of $31 billion, while Fiat, which we like, sold 4.4 million cars but has a market cap of only $14 billion. And looks like they exited their Fiat position "$69 million from the sale of Fiat" Any guesses/ideas as to what price they bought Fiat at ? isn't this bad? I still only have a small position because i havent studied it, but i dont really like making it bigger if these guys are selling.. Im not smarter then them for sure Link to comment Share on other sites More sharing options...
ourkid8 Posted March 13, 2014 Share Posted March 13, 2014 I would not read too much into what Fairfax has been doing as they also sold out of Wells Fargo, US Bancorp and JNJ prematurely considering how highly Prem spoke about them in the past. Tks, S Fiat mentioned in the Fairfax Annual Letter Tesla Motors, for example, sold 22,477 cars in 2013 but commands a market cap of $31 billion, while Fiat, which we like, sold 4.4 million cars but has a market cap of only $14 billion. And looks like they exited their Fiat position "$69 million from the sale of Fiat" Any guesses/ideas as to what price they bought Fiat at ? isn't this bad? I still only have a small position because i havent studied it, but i dont really like making it bigger if these guys are selling.. Im not smarter then them for sure Link to comment Share on other sites More sharing options...
Palantir Posted March 13, 2014 Share Posted March 13, 2014 ^Why do you guys feel it is not cheap? Overall, all considered, it seems to have a fairly high normalized FCF yield, and serious upside from higher sales of high margin cars plus platform synchronization across Chrysler, Fiat, and Maserati... Link to comment Share on other sites More sharing options...
Nnejad Posted March 13, 2014 Share Posted March 13, 2014 Fiat mentioned in the Fairfax Annual Letter Tesla Motors, for example, sold 22,477 cars in 2013 but commands a market cap of $31 billion, while Fiat, which we like, sold 4.4 million cars but has a market cap of only $14 billion. And looks like they exited their Fiat position "$69 million from the sale of Fiat" Any guesses/ideas as to what price they bought Fiat at ? I believe they bought at ~US$4.75 per share. Link to comment Share on other sites More sharing options...
Phaceliacapital Posted March 14, 2014 Share Posted March 14, 2014 ^Why do you guys feel it is not cheap? Overall, all considered, it seems to have a fairly high normalized FCF yield, and serious upside from higher sales of high margin cars plus platform synchronization across Chrysler, Fiat, and Maserati... +1 Link to comment Share on other sites More sharing options...
nikhil25 Posted March 17, 2014 Share Posted March 17, 2014 Fiat Chrysler Recalls 18K New 500L Cars Due To Transmission Issue http://detroit.cbslocal.com/2014/03/15/fiat-chrysler-recalls-18k-new-500l-cars-due-to-transmission-issue/ Fiat Chrysler CEO Sets Internal Deadline of Oct. 1 for NY Listing Listing Would Further Solidify Tie-Up, Give Greater Access to U.S. Capital Market http://online.wsj.com/news/articles/SB10001424052702303546204579439631725485534?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303546204579439631725485534.html Link to comment Share on other sites More sharing options...
Grenville Posted March 19, 2014 Share Posted March 19, 2014 Fiat announces pricing of 1bln in notes due 2021 at 4.75% Fiat S.p.A. announces pricing of its offering of € 1 billion in guaranteed 4.75% Senior Notes due March 2021 Following Fiat S.p.A.’s announcement earlier today of its launch of a benchmark note issuance denominated in Euro, Fiat S.p.A. confirms that the offering will be of € 1 billion in principal amount of 4.75% Senior Notes due March 2021, with an issue price of 100% of the principal amount. The closing of the offering is currently expected on 21st March 2014. The notes will be issued by Fiat Finance and Trade Ltd, société anonyme, a wholly-owned subsidiary of Fiat S.p.A., under the Global Medium Term Note Programme guaranteed by Fiat S.p.A.. The offering was very well received and orders were significantly higher than the amount of the offering. Hopefully this lowers the probability of a convertible debt offering! Link to comment Share on other sites More sharing options...
fareastwarriors Posted March 21, 2014 Share Posted March 21, 2014 Ram Pickup Makes Its Move Against GM, Ford Chrysler Has Improved the Truck's Look, Performance and Pricing http://online.wsj.com/news/articles/SB10001424052702304732804579425213715193726?mod=WSJ_hps_sections_business&mg=reno64-wsj Link to comment Share on other sites More sharing options...
fareastwarriors Posted March 23, 2014 Share Posted March 23, 2014 Fiat 500L: The Rich Inner Life of a Gutless Clown Car The Fiat 500L's best qualities—a hip, high-stye interior with lots of flexible space and utility—are aimed at consumers who are driving-agnostic http://online.wsj.com/news/articles/SB10001424052702304756104579449580815842924?mod=WSJ_hp_EditorsPicks&mg=reno64-wsj Link to comment Share on other sites More sharing options...
nikhil25 Posted March 31, 2014 Share Posted March 31, 2014 Fiat chief sets production aim of 6 mln cars a year by 2018 http://www.reuters.com/article/2014/03/31/fiat-agm-idUSL5N0MS2VF20140331 * Capacity increase depends on Alfa Romeo, Maserati revamp * CEO says doesn't need to sell assets to fund business plan * Says to make announcement on Jeeps in China "within days" Link to comment Share on other sites More sharing options...
karthikpm Posted April 1, 2014 Share Posted April 1, 2014 http://www.marketwatch.com/story/chrysler-march-sales-up-13-jeep-sales-surge-47-2014-04-01 Link to comment Share on other sites More sharing options...
brker_guy Posted April 1, 2014 Share Posted April 1, 2014 I guess the critics might having the first laughs at this Baby Jeep, but FIAT/Chrysler is having the last laugh... http://www.businessweek.com/articles/2014-04-01/fiats-baby-jeep-strategy-pays-off#r=lr-sr Link to comment Share on other sites More sharing options...
fareastwarriors Posted April 2, 2014 Share Posted April 2, 2014 Chrysler Recalls 867,795 SUVs Worldwide for Brake System http://www.bloomberg.com/news/2014-04-02/chrysler-recalls-867-795-suv-worldwide-for-brake-system.html Link to comment Share on other sites More sharing options...
dutchman Posted April 9, 2014 Share Posted April 9, 2014 Guys apparently ubs has something new out on fiat, along with a buy rating :) anyone have any info? Link to comment Share on other sites More sharing options...
fareastwarriors Posted April 11, 2014 Share Posted April 11, 2014 Chrysler to Begin Building Parts to Fix Recalled Jeeps Production on Replacement Parts to Start Next Month http://online.wsj.com/news/articles/SB10001424052702303873604579495503278531842?mod=WSJ_LatestHeadlines&mg=reno64-wsj recall party! every company is joining in Link to comment Share on other sites More sharing options...
karthikpm Posted April 11, 2014 Share Posted April 11, 2014 Suspect it is an "under the radar " effort by all car companies to get these done when GM is in the spotlight Link to comment Share on other sites More sharing options...
Sportgamma Posted April 14, 2014 Share Posted April 14, 2014 Maserati has Italian allure and a recognized sporting heritage. But Fiat Chrysler, the world's seventh-largest auto group, sold just 15,400 of the growling, muscular sportscars last year - not yet enough to change the group's fortunes - compared to Porsche's sales of over 160,000. Porsche's 18-percent automotive operating margin - the rate of underlying profit on its sales - has made it a more valuable company than rivals selling millions of cars each year. Even in the premium sector, the average margin is only 10 percent. Porsche contributed less than 2 percent of VW group sales in 2013 but about 22 percent of its operating profit. Maserati's trading profit tripled last year but still contributed just 5 percent of Fiat profits and less than 2 percent of sales. By 2015, Marchionne wants to be selling 50,000 Maseratis. The goal hinges on a rapid take-up of new models designed to appeal to a broader variety of driver tastes and budgets. Maseratis are priced at around a 20 percent premium over similar-sized rival German cars, so the product offensive must not cheapen the brand. http://finance.yahoo.com/news/porsches-success-looms-over-maserati-155924686.html Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now