Fiat Chrysler Automobiles (NYSE:FCAU) Will Invest $1B To Modernize Two Plants in U.S. Midwest and Create 2,000 Jobs

Fiat Chrysler Automobiles N.V. (NYSE:FCAU) [Trend Analysis] tries to capture market sentiments, shares jumped up 1.44% to $10.57. Fiat Chrysler Automobiles reported that it will invest $1B to modernize two plants in the U.S. Midwest and create 2,000 jobs, and possibly move production of a Ram heavy-duty pickup truck to Michigan from Mexico.

FCA Chief Executive Sergio Marchionne said on Monday the decision to retool factories in Ohio and Michigan to build new Jeep sport utility vehicles, including a pickup truck, “was in the works and has been in the works for a long period of time.” But he also told reporters at the Detroit auto show that uncertainty over U.S. President-elect Donald Trump’s trade and tax policies could lead auto makers to delay investments in Mexico.

“The reality is the Mexican automotive industry has now for a number of years been tooled-up to try and deal with the U.S. market. If the U.S. market were not to be there, the reasons for its existence are on the line,” Marchionne said.

When calculating EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 663.60%. Investors looking further ahead will note that the Price to next year’s EPS is 11.30%. (What Market Forces Produce Volatility in NYSE:FCAU Share? Find Free Report Here)

As for as concerns shares volumes, in share of capital Fiat Chrysler Automobiles N.V. (NYSE:FCAU) has 1289.08 million outstanding shares among them 891.22 million shares have been floated in market exchange. The firm attains analyst recommendation of 2.30 with week’s performance of 15.90%

Under Armour, Inc. (NYSE:UA) [Trend Analysis] shows fluctuation in active trade, on Tuesday shares inched down -0.07% to $27.02.

The 52-week high of the share price is -43.65% and 52-week low of the share price is 8.69%. Current stock price is in the upbeat territory taking into account of 20 days moving average with 3.03% and continued bullish run for 50 days moving average with -7.02%.

For latest Market Updates Subscribes Here


Leave a Reply

Your email address will not be published. Required fields are marked *