Chrysler 2012 Annual Report Download - page 32
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31
The Group at a Glance
OCTOBER
The Ram 1500 is named “Truck of Texas” and the Jeep Grand Cherokee “SUV of Texas” by the Texas
Auto Writers Association.
On October 10th, Moody’s lowers Fiat S.p.A.’s Corporate Family Rating from ‘Ba2’ to ‘Ba3’ and, in
accordance with their methodology, also lowers ratings on notes issued by Fiat Finance & Trade Ltd.
S.A. and Fiat Finance North America, Inc. from ‘Ba3’ to ‘B1’. The outlook is negative.
NOVEMBER
On November 23rd, Fiat completes CHF 400 million bond issue (5.25%, due November 2016).
On November 29th, following reopening of the €600 million 7.75% note issue due October 2016
(initially executed 16 July 2012), a further €400 million in notes is issued, increasing total principal
amount to €1 billion.
Fiat’s Pomigliano d’Arco plant is awarded prestigious “Automotive Lean Production
2012” award in OEM category, based on evaluation of a panel of experts selected by
German magazine Automobil Produktion and a leading consultancy firm.
Fiat features Panda Natural Power at the sustainability-focused H2Roma and Ecomondo expos.