News: Fiat SpA (FIADF.PK)
11 Sep 2014
* Fitch raises Fiat's outlook to 'stable', affirms rating
MILAN, Sept 11 - Fiat said on Thursday it had filed a listing request with the Italian bourse for Fiat Chrysler Automobiles N.V. (FCA), created after the merger of the Italian carmaker with its U.S. unit.
(The following statement was released by the rating agency) BARCELONA/PARIS/LONDON, September 11 (Fitch) Fitch Ratings has revised Fiat Spa's (Fiat) Outlook to Stable from Negative. Its Long-term Issuer Default Rating (IDR) and senior unsecured rating have been affirmed at 'BB-' and its Short-term IDR at 'B'. The agency has also affirmed Fiat Finance & Trade Ltd, S.A.'s (FFT) senior unsecured rating at 'BB-'. The rating action is based on our opinion that Fiat's ratings should increasingly
BALOCCO, Italy Sept 11 - Fiat CEO Sergio Marchionne said on Thursday he saw no reason to review the carmaker's 2014 financial guidance.
* Montezemolo exit sparks speculation over Ferrari IPO (Adds Monetezemolo's severance payout in para 14)
LONDON - Fiat Chrysler's outgoing chairman of its sports car division Ferrari will receive a combined severance package of 26.95 million euros ($34.78 million), with nearly half to be paid in a lump-sum by next February, the company said on Wednesday.
LONDON, Sept 10 - Fiat Chrysler's outgoing chairman of its sports car division Ferrari will receive a combined severance package of 26.95 million euros ($34.78 million), with nearly half to be paid in a lump-sum by next February, the company said on Wednesday.
* Ecclestone says exit is like death of Enzo Ferrari (Adds Ecclestone comment)
DETROIT - U.S. safety regulators are investigating about 160,000 Dodge Caravan minivans following reports of engine stalling.