2% rebound for Fiat Chrysler on the Stock Exchange. After four consecutive sessions of decline, prices are back on track to the 13 euro threshold, benefiting moreover from a lively motor sector throughout Europe (+1,96% the Eurostoxx).
The investment houses, writes Radiocor, have welcomed some indications provided by the management in recent days in view of the update of the targets of the plan expected for January. During an event with investors organized by Goldman Sachs, from a financial point of view the group announced that it expects to achieve a positive financial position of 2 billion by 2018, also including the liquidity that will come from the Ferrari operation (compared to 0,5 .1-1,3 billion of the previous target), to forecast a reduction in financial charges (2018 billion in 2017) and to forecast an improvement in the ratings by Moody's and Standard & Poor's in XNUMX.
As regards the industrial objectives: for Jeep the volume target was raised to 2 million vehicles from 1,9 million in 2018 ("reasonable - according to Equita - in the light of the commercial results of recent years"), while for Alfa Romeo the goal of reaching 2020 vehicles was moved to 400 compared to the previous program indicated for 2018.
Overall, the investment houses point out, the indications are considered credible and in some ways expected even if a more in-depth update on the current industrial plan is expected in January: for all, one of the central themes, in addition to the possible M&A scenario, remains the relaunch of Alfa Romeo.
