Top officials at the assembly line of ‘Fiat 500’ in Turin, Italy. Agence France-Presse
Fiat Chrysler Automobiles (FCA) said that new US pickup truck models would help the automaker achieve its 2019 profit targets and offset a weak performance in the first quarter. Sticking to its previous forecast, which calls for a full-year 2019 adjusted pre-tax profit of more than 6.7 billion euros ($7.48 billion),
Renault’s board of directors will meet Tuesday to formulate its response to a merger proposal by Fiat Chrysler, which is likely to lead to talks aimed at creating the world’s third-largest automaker, the company said.
Fiat Chrysler has made a “transformative” all-share merger proposal to French rival Renault, the Italian-American carmaker said on Monday, in a deal to create a new third-ranked global manufacturer.
Global shares climbed on Monday as investors snapped up automaker stocks following confirmation of merger talks between Fiat Chrysler and Renault, and after pro-EU parties kept a firm grip on power in elections to the European Parliament.
According to emergency responders, no casualties were recorded.
The NSE Nifty 50 index was up 0.80% at 13,239.05 as of 05:12 GMT, while the S&P BSE Sensex was up 0.80% at 44,993.92. Both indexes hit record highs. The Indian rupee strengthened to 73.72 against the dollar.
Spot gold was little changed at $1,840.75 per ounce by 05:28 GMT. US gold futures were up 0.2% at $1,844.10. Gold has added about 3% so far this week.