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daily : 2017-01-14 & on time : 10:57

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Fiat Chrysler Automobiles in good position to compete, CEO says

Fiat Chrysler Automobiles in good position to compete, CEO says

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By Joseph SzczesnySpecial to Digital First MediaThe reconstruction of Fiat Chrysler Automobiles is nowhere near complete because of the evolving world and automotive environment.Olivier Francois, the FCA executive who is the author of the company’s series of Super Bowl ads, said this week that the overall the company’s image is in pretty good shape overall.FCA’s image got another shot in the arm when the new Chrysler Pacifica was named North American Utility Vehicle of the Year.

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Fiat Chrysler Automobiles NV (NYSE

Fiat Chrysler Automobiles NV (NYSE

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On Thursday, Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) lost -10.28% to $9.95.The share price is trading in a range of $9.05 – 11.32.The stock exchanged hands with 95.84 million shares contrast to its average daily volume of 10.38 million shares.

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Fiat Chrysler shares continue free fall – Fiat Chrysler Automobiles NV (NYSE:FCAU)

Fiat Chrysler shares continue free fall - Fiat Chrysler Automobiles NV (NYSE:FCAU)

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Building on yesterday’s 10% plunge , shares of Fiat Chrysler (NYSE:FCAU) are down 3% premarket, after the EPA accused the automaker of using software to allow excess diesel emissions.The notice affects over 100K cars, including trucks and SUVs, and the maximum fine that could be imposed would total $4.6B.CEO Sergio Marchionne called the regulator “belligerent” and said if anyone believed the allegation then “they had been smoking something.”

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