MERGED: FCA & The COVID-19 (Coronavirus) Crisis:

[redriderbob]

Minivan Production Temporarily Stopped Due To Coronavirus Concerns:
Production Restarted This Afternoon...



Minivan Production Temporarily Stopped Due To Coronavirus Concerns: - Mopar Insiders

 

[redriderbob]

UAW Worker At FCA Kokomo Plant, Test Positive For Coronavirus:
Employees Who May Have Been On Direct Contact Have Been Quarantined...




UAW Worker At FCA Kokomo Plant, Test Positive For Coronavirus: - Mopar Insiders

 

[redriderbob]

Warren Truck Paint Shop Employees Walk Off Job, Due To Coronavirus Concerns:
No Confirmed Cases At The Plant, According To The Company...




Warren Truck Paint Shop Employees Walk Off Job, Due To Coronavirus Concerns: - Mopar Insiders

 

[redriderbob]

FCA Responds to COVID-19 Emergency in Europe With Closing Plants:
Plants Closed For The Rest Of Month...



FCA Responds to COVID-19 Emergency in Europe With Closing Plants: - Mopar Insiders

 

[redriderbob]

Ok, so I merged all of the FCA/Coronavirus (COVID-19) material into one post. With the crisis going on, I know a lot of people want to escape reality and don't want to bombarded with constant updates. So please post all FCA/Coronavirus related material in this post.

 

[redriderbob]

UAW & Detroit’s Big-Three Form Task Force To Fight COVID-19:
Will Keep Employees Better Informed On The Situation...



UAW & Detroit's Big-Three Form Task Force To Fight COVID-19: - Mopar Insiders

 

[AlexB]

My heart goes out to all hurt by this nasty virus.

 

[AlexB]

On far less important part(Human life>>>>>Money)......…..FCA-PSA Merger can't close soon enough.
This been really awful for Italy(475 reported deaths in one single day),and FCA been still operating with some exception until recently Fiat Chrysler's only open Italian plant running at reduced capacity

Add on, a U.S. short recession, European Economy gets a'' Triple-Flu ''.
One big thing to watch for U.S. Economy is construction which tied to U.S. Pickup truck sales (both official Commercial Fleet and outside Commercial Fleets).

 

[AlexB]

Ford,FCA and GM to shut all U.S. Plants for the time being (will likely include Mexico, Canada).

Detroit automakers Ford, General Motors, FCA agree to close all US plants

"By taking a shutdown ... we protect UAW members, their families and the community,” said President Rory Gamble.

www.freep.com

 

[AlexB]

FIAT SPA /FIAT Chrysler Automobiles stock is at its lowest point since the Ferrari spin-off:$6.72 U$D NYSE
Ford stock is at $4.46 U$D

 

[Bili]

FIAT SPA /FIAT Chrysler Automobiles stock is at its lowest point since the Ferrari spin-off:$6.72 U$D NYSE
Ford stock is at $4.46 U$D

Time to buy... But not yet.

 

[AlexB]

Time to buy... But not yet.

The special dividend that included in the PSA deal is half of FCA'S Current Market value/Market cap!

 

[AlexB]

fcau market cap nyse - Bing

Intelligent search from Bing makes it easier to quickly find what you’re looking for and rewards you.

www.bing.com

Market Cap: U$D $10.69 Billion
Special Dividend with PSA Merger (folding into FCA): €5.5 billion

 

[TripleT]

Trying to figure out the Paint shop guy worried they have the best PPE in the plant. Specific to airborne micro pollutants. They all are better prepared then Dustin Hoffman in that death movie

 

[redriderbob]

UPDATE: Detroit’s “Big-Three” To Announce Plant Closures Later Today:
FCA, GM, & Ford To Temporarily Close Plants Due To COVID-19 Crisis...



UPDATE: Detroit's "Big-Three" To Announce Plant Closures Later Today: - Mopar Insiders

 

[Bili]

https://media.maserati.com/en-ww/releases/1553

MMXX: The Way Forward September 2020 - Modena

Modena, 18 March 2020 – Maserati announces that its Brand relaunch event “MMXX: The Way Forward”, originally planned for May 2020, has been postponed to September in light of the current situation. As previously stated, the event will be held in Modena and will inaugurate the Brand's new Era.

Maserati is not standing still. The Trident Brand will launch its new Era from the very place that has been its home for more than 80 years. Maserati and Modena are inseparably linked, and now look to the future with the same passion, trust and audacity.

Maserati has 100% Italian DNA, and is in continuous movement, pushed by the audacity to never give up even in the toughest times. So the House of the Trident looks to the future, and has now chosen September 2020 for its restart, when it will take to the world stage for the future of mobility.

 

[redriderbob]

https://media.maserati.com/en-ww/releases/1553

MMXX: The Way Forward September 2020 - Modena

Modena, 18 March 2020 – Maserati announces that its Brand relaunch event “MMXX: The Way Forward”, originally planned for May 2020, has been postponed to September in light of the current situation. As previously stated, the event will be held in Modena and will inaugurate the Brand's new Era.

Maserati is not standing still. The Trident Brand will launch its new Era from the very place that has been its home for more than 80 years. Maserati and Modena are inseparably linked, and now look to the future with the same passion, trust and audacity.

Maserati has 100% Italian DNA, and is in continuous movement, pushed by the audacity to never give up even in the toughest times. So the House of the Trident looks to the future, and has now chosen September 2020 for its restart, when it will take to the world stage for the future of mobility.

Yup it went up today on the front page of MoparInsiders.com

Maserati Pushes Back Brand Relaunch Event To September: - Mopar Insiders

 

[AlexB]

Ford has cancelled its stock dividend, and tapped its Line-Of-Credit.
Ford may have to either seek a bailout by U.S. Government (like Boeing is currently doing),or seek an Capital injection/sale by/to VW, or call John Elkann (Bill Ford's friend) to make both Henry Ford's rollover in their graves while making Mary Barra cry (Sergio happy and Lee getting the ultimate last laugh) .

 

[AlexB]

FCA-PSA-Ford is better than FCA-Renault-Nissan-Mitsubishi

Fiat boss Elkann being mentored by... Bill Ford? - Autoblog

Fiat Chairman John Elkann has been turning to an unusual source for advice on the car business. While speaking during an interview with The Detroit News, Elkann said he often asks Bill Ford Jr. for advice on how to proceed with the turnaround at Chrysler. "It's great to have the opportunity to...

www.autoblog.com

PSA-FCA deal brings together two of Europe's auto dynasties

Personal ties helped to facilitate the union of PSA and FCA, making it more than an ordinary automotive deal.

europe.autonews.com

He is close with other automotive heirs -- Ford Motor Chairman Bill Ford is a friend

Ford Motor Co. is suspending its cash dividend, tapping credit lines to raise additional cash and withdrawing previous financial guidance amid the coronavirus pandemic.

The automaker said Thursday it will borrow the total unused amounts against two lines of credit: $13.4 billion under a corporate credit facility and $2 billion under a supplemental credit facility.
Ford has paid a quarterly cash dividend of 15 cents per share since 2016, costing the automaker roughly $2.4 billion per year, according to a spokesman. It was producing a roughly 6.5 percent annual divided yield earlier this year before the coronavirus pandemic sent global equity markets tumbling. Ford shares fell 7 percent in early trading Thursday to $4.15.

Ford suspends dividend, withdraws 2020 financial guidance

To weather the global pandemic, the automaker is also tapping two lines of credit, raising an additional $15.4 billion in cash. Ford will hoard another $2.4 billion a year by suspending the quarterly cash dividend.

www.autonews.com

 

[djsamuel]

Thanks for being a source of auto related information related to the virus! The other site is going off the rails right now.