Milan – Fiat Chrysler is getting ready to cash in on the go-ahead of American workers on the extension of the contract according to the Detroit Free Press writes, the UAW union workers of 16 US plants Fca voted in favor the new agreement, which lasts four years. The press writes that he had access to the results of the vote by more than half of the 40,000 unionized workers of Fca Us: of the approximately 28,650 employees of which data are available, the yeas range between 55% and 100% of the factories group. The first agreement was rejected by UAW workers with 65% against.
If the agreement is ratified, the union will have to decide whether to open a table for the renewal of the contract with General Motors and Ford together, or go for individual homes. About the likely way to a new understanding, Art Schwartz, labor consultant and former GM negotiator, said he would not be surprised. “I would be amazed if not triumphant yes”, because having already rejected an agreement, “there is no reason to reopen the game a second time,” said Schwartz.
Hold the dell’ufficializzazione successful completion of the deal, the market rewards the title of Fca that rimblalza after -5.3% yesterday, the day of the debut of Ferrari on Wall Street. Yesterday, on the other, it came the complaint to EU antitrust Luxembourg for illegal state aid to Fiat Finance and trade, finance company Lingotto that will pay at least 20 million to the tax authorities of the Grand Duchy.
Today Fiat Chrysler stands on the list of the Milan Stock Exchange. If yesterday the car group had paid particular disappointment at the placement price of the red on Wall Street (in front of the high demand in fact many brokers bet on a rise in the price of IPO, which instead was set on the top of the fork to 52 dollars), today is again the prospect of consolidation in the market again to stimulate purchases. Yesterday, it was the same CEO Sergio Marchionne to explain how, after the IPO of Ferrari, the next step will be to look for a partner for the automaker, also because – he said – after the Volkswagen case the costs of research and development lieviteranno further.
Moreover, the choice of quote Ferrari first and then proceed with the distribution of 80% of the Horse in the hands of Fca members of the Lingotto, it allows you to maintain high prices for some of the parent time. A choice that would approach a merger with the action, possibly by putting it on the table of negotiations, at high prices. On this aspect also focus analysts Akros, which Fiat retain the buy at 18.65 euro and believe that the extraordinary merger and acquisition are the key factor for growth of the title in the coming months. In addition, to further reduce the debt, according to brokers BPM, Fca could yield Magneti Marelli and collect other 2.8 billion.
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