Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) ended Monday session in green amid volatile trading. The shares closed up +0.04 points or 0.60% at $6.71 with 1.29 billion shares getting traded. Post opening the session at $6.53 he shares hit an intraday low of $6.52 and an intraday high of $6.74 and the price vacillated in this range throughout the day. The company has a market cap of $8.60 billion and the numbers of outstanding shares have been calculated to be 1.29billion shares.
On Sept. 12, 2016 “Ruedas ESPN” has named FCA US LLC the “Manufacturer of the Year” and selected the Chrysler Pacifica as the “Vehicle of the Year” at the 2016 Ruedas ESPN Awards as part of the 46th Miami International Auto Show.
The Chrysler Pacifica, Fiat 124 Spider and Ram 1500 Rebel were also honored, winning “Best Minivan,” “Best Convertible” and “Best Pickup Truck,” respectively.
“Winning the prestigious ‘Manufacturer of the Year’ award shows that FCA US is listening to consumers by building vehicles that fit a wide variety of needs in competitive market,” said Jaime Florez, Ruedas ESPN director and host. “In addition to the three FCA US vehicles winning in each of their segments, the Chrysler Pacifica takes home ‘Vehicle of the Year,’ impressing the judges with its innovative technology, versatility and bold styling.”
The 2017 Chrysler Pacifica reinvents the minivan segment with an unprecedented level of functionality, versatility, technology and bold styling. Re-engineered from the ground up on an all-new platform, the Pacifica delivers class-leading gasoline and hybrid powertrains to the minivan segment. With more than 100 standard and available safety and security features, the all-new Uconnect Theater rear seat entertainment system, and a full array of comfort and convenience technologies, the Chrysler Pacifica is a no-compromises minivan ideally suited for families.
Awarded “Best Convertible,” the all-new 2017 Fiat 124 Spider revives the storied nameplate, bringing its classic Italian styling and performance to a new generation. Paying homage to the original 124 Spider nearly 50 years after its introduction, the 2017 Fiat 124 Spider delivers the ultimate fun-to-drive Italian roadster experience with technology, safety and iconic Italian design.
The Ram 1500 Rebel, winning “Best Pickup Truck,” brings one-of-a-kind, off-road design to the full-size truck segment with unique design cues and can-do attitude backed by Ram Truck engineering. Equipped with a factory lift, 33-inch tires, standard air suspension, Bilstein shocks, skid plates, tow hooks and other off-road-ready features, the Ram 1500 Rebel appeals to the truck owner looking for a less beaten path.
For almost a decade and a half, “Ruedas ESPN” has carefully established the criteria to choose the nominees in every category. The vehicles must have been – or are scheduled to be in the market – before the last day of the current year, must have proven standards of quality, high levels of popularity among Hispanics, all while providing value.
The “Ruedas ESPN” executive committee was responsible for generating the nominations. Industry experts group of jurors selected the winners of the twelve basic categories in addition to the top prize, Ruedas ESPN Vehicle of the Year.
Shares of Coach Inc (NYSE:COH) ended Monday session in green amid volatile trading. The shares closed up +0.66 points or 1.80% at $37.25 with 278.94 million shares getting traded. Post opening the session at $36.25 the shares hit an intraday low of $36.20 and an intraday high of $37.40 and the price vacillated in this range throughout the day. The company has a market cap of $10.16 billion and the numbers of outstanding shares have been calculated to be 278.94 million shares.
Coach Inc (COH) on August 2, 2016 announced the sale-leaseback of its global headquarters at 10 Hudson Yards in New York City. The Company received a purchase price of approximately $707 million (net of $77 million due to the developer of Hudson Yards) before transaction costs of $26 million, resulting in a gain of about $30 million which will be amortized over 20 years. Coach has simultaneously entered into a 20-year lease for the headquarters space.
Victor Luis, Chief Executive Officer of Coach, Inc., said, “We are very pleased to monetize our investment in Hudson Yards, where we were the first company to commit to the project and will be the largest tenant in the new building. We are bringing both our brands – Coach and Stuart Weitzman – together under one roof, in a modern work space, very much reflective of the Coach values and sensibility.”
“Coach has called New York City home since we were founded seventy-five years ago. We have long been part of this neighborhood and we are thrilled to be part of the new Hudson Yards development that is bringing opportunity, culture, and commerce to a great part of Manhattan. The overall design, the community integration with culture and the High Line as well as the modern amenities will continue to make Hudson Yards a sought-after destination.”