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Ferrari spin-off might lower FCA debt by 715 million euros


According to a regulatory filing, Fiat Chrysler Automobiles (FCA) forecasts that its net industrial debt would be trimmed down by around 715 million euros as the company plans to spin-off its luxury sports car manufacturer Ferrari. The recently merged FCA – now the seventh-largest global automaker – already acknowledged this month in a separate filing issued to US market regulator SEC ...
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SGL Carbon to offer new shares to clear debt and fund investments
The company is one of the few to provide carbon fiber for use in the auto industry, and has decided to offer new shares to investors – worth around 267 ...
Russia steps in and guarantees for truck maker Kamaz
The country’s government has moved to announce it will back the Russian company by guaranteeing $1 billion of its future debt, a move inside a larger state initiative to support ...
Fiat board seeks $5.4 billion in bonds
Fiat SpA – the carmaker that took over entirely over Chrysler Group – has decided to aid the implementation of the merger by issuing new bonds in a bid to ...
US: Chrysler ends its $5 billion debt to VEBA
Fiat Chrysler Automobiles announced its Chrysler Group unit managed to sign an agreement that would allow it to raise debt worth $5 billion – which in turn would be used ...
Chrysler seeks to gain $4.8 billion from debt refinancing
The US automaker, which is now a part of the newly formed entity of Fiat Chrysler Automobiles, announced it came to an agreement on a new financing, in which it ...
Assets of Fisker Automotive to be auctioned this week
Although in 2011 Fisker was among the promising batch of start-ups that wanted to change the traditional automotive order with highly advanced “green” machines, the US automaker collapsed last spring ...
Moody’s Cut Peugeot’s Debt From Ba3 to B1
Moody’s Investors Service downgraded PSA Peugeot Citroen to four levels below investment grade. Moody’s downgraded Peugeot’s rating to B1 from Ba3, according to Falk Frey, a Frankfurt-based analyst at Moody’s, saying ...
Renault Reports Better Than Expected 2012 Profit
Renault reported better than expected profit, as it managed to eliminate debt for the first time since its alliance with Nissan. Renault said that its automotive unit net cash reached 1.49 ...
Ally Repays Remaining Debt Offered Under US Program
Ally Financial said it repaid the entire debt offered by the Federal Deposit Insurance Corp's Temporary Liquidity Guarantee Program. Ally Financial, the former GM auto lending arm, said it repaid $4.5 ...

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