FCA rose 1,5% despite news over the weekend that the automaker recalled 3,3 million models due to defective airbags, at the request of US authorities. The shares gained 1,45% settling at 9,47 euros.
Meanwhile, it emerged that in November registrations of the group led by Sergio Marchionne worldwide grew by 8%, showing positive performances in the NAFTA (+17%) and Apac (+18%) areas able to compensate for the drop in Latin America (-12%), as well as the weak trend in Europe. Equita analysts recommend a 'Buy' on the FCA with a price target of 11,4 euros. On the other hand, the experts of Intermonte ('Neutral' with a price target of 10,8 euros) are more cautious, pointing their index precisely to the negative impact of the recall of vehicles. Analysts recall that the recalls made in the first half of 2014 had caused a negative impact on Chrysler's accounts for 500 million dollars.
