sleepydragon Posted October 23, 2014 Share Posted October 23, 2014 Merrill Edge finally charged me. 5 cents per share on the conversion. :'( Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 24, 2014 Share Posted October 24, 2014 Maserati’s Best-Looking Model, the Ghibli Is Also Its Most Affordable: Review http://www.bloomberg.com/news/2014-10-23/maserati-s-best-looking-model-the-ghibli-is-also-its-most-affordable-review-.html Link to comment Share on other sites More sharing options...
gokou3 Posted October 25, 2014 Share Posted October 25, 2014 China's auto market growth may halve to 7 percent this year: industry body head http://finance.yahoo.com/news/chinas-auto-market-growth-may-063155769.html Link to comment Share on other sites More sharing options...
brker_guy Posted October 27, 2014 Share Posted October 27, 2014 Ferrari's invitation-only supercar http://money.cnn.com/2014/10/27/luxury/ferrari-car-sergio/index.html?hpt=hp_c3 Link to comment Share on other sites More sharing options...
gokou3 Posted October 27, 2014 Share Posted October 27, 2014 Oops Toyota tops, Fiat Chrysler last in Consumer Reports quality survey http://www.reuters.com/article/2014/10/27/us-usa-autos-consumerreports-idUSKBN0IG1VM20141027?feedType=nl&feedName=usdai Link to comment Share on other sites More sharing options...
sleepydragon Posted October 28, 2014 Share Posted October 28, 2014 Oops Toyota tops, Fiat Chrysler last in Consumer Reports quality survey http://www.reuters.com/article/2014/10/27/us-usa-autos-consumerreports-idUSKBN0IG1VM20141027?feedType=nl&feedName=usdai not end of the world, compared to other US brands ;D : "Detroit Three brands other than Buick were all in the lower half of the rankings, the magazine said. Only four models from Fiat Chrysler’s Chrysler Group managed an average score" Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 28, 2014 Share Posted October 28, 2014 Oops Toyota tops, Fiat Chrysler last in Consumer Reports quality survey http://www.reuters.com/article/2014/10/27/us-usa-autos-consumerreports-idUSKBN0IG1VM20141027?feedType=nl&feedName=usdai not end of the world, compared to other US brands ;D : "Detroit Three brands other than Buick were all in the lower half of the rankings, the magazine said. Only four models from Fiat Chrysler’s Chrysler Group managed an average score" American brands never do well. Link to comment Share on other sites More sharing options...
muscleman Posted October 28, 2014 Share Posted October 28, 2014 When can that improve? This is weird... Why can't they hire a bunch of Toyota Quality head? Link to comment Share on other sites More sharing options...
peter1234 Posted October 28, 2014 Share Posted October 28, 2014 Here goes Mr. Quality http://finance.yahoo.com/news/fca-announces-management-change-120000888.html Link to comment Share on other sites More sharing options...
ZenaidaMacroura Posted October 28, 2014 Share Posted October 28, 2014 Here goes Mr. Quality http://finance.yahoo.com/news/fca-announces-management-change-120000888.html hehe that was fast... Link to comment Share on other sites More sharing options...
muscleman Posted October 28, 2014 Share Posted October 28, 2014 Oops Toyota tops, Fiat Chrysler last in Consumer Reports quality survey http://www.reuters.com/article/2014/10/27/us-usa-autos-consumerreports-idUSKBN0IG1VM20141027?feedType=nl&feedName=usdai This is sarcastic.... Not long ago, Mr. Quality of Chrysler was bragging how much work he has done to improve the reliability, and that the quality is almost as good as Toyota. http://www.autospies.com/news/DOUBLE-TAKE-Study-Indicates-That-Chrysler-s-Cars-Are-Almost-As-Good-As-Those-From-Toyota-76178/ Link to comment Share on other sites More sharing options...
beerbaron Posted October 28, 2014 Share Posted October 28, 2014 When can that improve? This is weird... Why can't they hire a bunch of Toyota Quality head? I suggest you read the book "The Toyota Way" which explains the ways Toyota manages to maintain and improve quality and at the same time get better financial performance. So to answer you question: Toyota head people are not available. Toyota breeds their employees and treat them very well. Quality is much more a question of culture than tools. Anybody is surprised that an Italian owner makes the quality go south? I am not, Ferrari's cars are 250k and yet are not that reliable. You would think that they would be able to afford a proper QC with such price tabs yet they are not. BeerBaron Link to comment Share on other sites More sharing options...
fareastwarriors Posted October 28, 2014 Share Posted October 28, 2014 German cars have bad quality too. And their repairs/parts are super expensive.... Link to comment Share on other sites More sharing options...
muscleman Posted October 29, 2014 Share Posted October 29, 2014 When can that improve? This is weird... Why can't they hire a bunch of Toyota Quality head? I suggest you read the book "The Toyota Way" which explains the ways Toyota manages to maintain and improve quality and at the same time get better financial performance. So to answer you question: Toyota head people are not available. Toyota breeds their employees and treat them very well. Quality is much more a question of culture than tools. Anybody is surprised that an Italian owner makes the quality go south? I am not, Ferrari's cars are 250k and yet are not that reliable. You would think that they would be able to afford a proper QC with such price tabs yet they are not. BeerBaron I am ok with that, but I am not ok with Doug Betts outright lies to journalists in 2013. http://www.autospies.com/news/DOUBLE-TAKE-Study-Indicates-That-Chrysler-s-Cars-Are-Almost-As-Good-As-Those-From-Toyota-76178/ Link to comment Share on other sites More sharing options...
peter1234 Posted October 29, 2014 Share Posted October 29, 2014 Fiat Chrysler to spin off Ferrari to shareholders Link to comment Share on other sites More sharing options...
merkhet Posted October 29, 2014 Share Posted October 29, 2014 http://www.bloomberg.com/news/2014-10-29/fiat-chrysler-will-spin-off-ferrari-sports-car-unit.html Fiat Chrysler Automobiles NV plans to spin off Ferrari by selling 10 percent of the sports-car unit’s shares and giving the rest of its 90 percent stake to its own shareholders. Link to comment Share on other sites More sharing options...
PLynchJr Posted October 29, 2014 Share Posted October 29, 2014 Oh my... Pre-Market : 11.02 Up 1.30 (13.43%) Link to comment Share on other sites More sharing options...
Yours Truly Posted October 29, 2014 Share Posted October 29, 2014 Any news as to if Maserati is included in the spin-off? Link to comment Share on other sites More sharing options...
merkhet Posted October 29, 2014 Share Posted October 29, 2014 I don't think so. I think it's just Ferrari. Link to comment Share on other sites More sharing options...
jay21 Posted October 29, 2014 Share Posted October 29, 2014 Anyone price in the dilution yet? I typically don't like when companies sell shares, but the upside may be high enough here where I might be OK with it. Link to comment Share on other sites More sharing options...
merkhet Posted October 29, 2014 Share Posted October 29, 2014 34.5 million Treasury shares on 1.25 billion shares outstanding is basically a rounding error. Link to comment Share on other sites More sharing options...
jay21 Posted October 29, 2014 Share Posted October 29, 2014 34.5 million Treasury shares on 1.25 billion shares outstanding is basically a rounding error. And the 2.5 billion convert? Probably 10% dilution? Edit: "FCA anticipates that it will offer up to 100 million FCA common shares including 35 million common shares currently held in treasury by FCA and approximately 54 million common shares that will be issued by FCA to replenish the share capital canceled following the exercise by Fiat S.p.A. " "U.S.$2.5 billion in aggregate principal amount of mandatory convertible securities are expected to be offered in an SEC-registered offering to U.S. and international institutional investors. The mandatory convertible securities will be mandatorily convertible into FCA common shares at maturity. " http://finance.yahoo.com/news/fca-board-authorizes-capital-transactions-131900864.html Link to comment Share on other sites More sharing options...
Palantir Posted October 29, 2014 Share Posted October 29, 2014 http://www.bloomberg.com/news/2014-10-29/fiat-chrysler-will-spin-off-ferrari-sports-car-unit.html Fiat Chrysler Automobiles NV plans to spin off Ferrari by selling 10 percent of the sports-car unit’s shares and giving the rest of its 90 percent stake to its own shareholders. This is AWESOME!!!!!!!!!!! Link to comment Share on other sites More sharing options...
merkhet Posted October 29, 2014 Share Posted October 29, 2014 34.5 million Treasury shares on 1.25 billion shares outstanding is basically a rounding error. And the 2.5 billion convert? Probably 10% dilution? http://www.fcagroup.com/en-US/media_center/fca_press_release/FiatDocuments/2014/october/FCA_Board_Authorizes_Capital_Transactions.pdf U.S.$2.5 billion in aggregate principal amount of mandatory convertible securities are expected to be offered in an SEC-registered offering to U.S. and international institutional investors. The mandatory convertible securities will be mandatorily convertible into FCA common shares at maturity. The interest rate, conversion rates and other terms and conditions of the mandatory convertible securities will be determined at pricing of the offering. It is expected that investors participating in the offering, subject to completion of the spin-off of Ferrari being announced today, will be entitled to participate in the spin-off and receive shares of Ferrari pursuant to customary provisions adjusting the conversion terms. Unclear right now -- we'll have to wait until we get more information. I'd love to see Marchionne & Elkann pull a Malone here. Issue a bunch of mandatorily convertible preferreds and then hedge out the dilution since no one believes they can get to the strike anyway. Link to comment Share on other sites More sharing options...
krazeenyc Posted October 29, 2014 Share Posted October 29, 2014 Anyone price in the dilution yet? I typically don't like when companies sell shares, but the upside may be high enough here where I might be OK with it. Well remember they bought back a bunch of shares they weren't really trying to as part of the move to become FCA. So net net it's not that big a deal Link to comment Share on other sites More sharing options...
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