Shares of Fiat Chrysler Automobiles NV (NYSE:FCAU) ended Friday session in red amid volatile trading. The shares closed down -0.11 points or -1.68% at $6.43 with 5.09 million shares getting traded. Post opening the session at $6.42 the shares hit an intraday low of $6.40 and an intraday high of $6.49 and the price vacillated in this range throughout the day. The company has a market cap of $8.43 billion and the numbers of outstanding shares have been calculated to be 1.29 billion shares.
On Sept. 22, 2016 The FCA US Mack Avenue Engine and Toledo Machining Plants have been awarded bronze status for their efforts in implementing World Class Manufacturing (WCM). They become the 18th and 19th North American facilities to reach the milestone award and bring to six the number of plants that have been designated bronze in 2016.
In reaching bronze status, the Detroit-based engine plant and suburban Toledo component plant earned a minimum of 50 points in 10 technical and 10 managerial pillars following two-day independent audits held during the week of Sept. 19. Through employee-conducted pillar presentations and a review of projects implemented across the shop floor, the plants demonstrated clear WCM know-how and competence. The designation recognizes the long-term dedication of the workforce to making significant changes that can secure the future of a facility.
“The road to bronze for both of these facilities has had its challenges, but their tireless effort and resilient commitment to WCM has now been recognized and duly rewarded,” said Brian Harlow, Vice President – Manufacturing, FCA North America. “Using the WCM methodology, our employees are suggesting process improvements to help eliminate waste, increase productivity and improve quality and safety, which are ultimately making our facilities more efficient.
“The involvement of our UAW partners in the implementation of WCM has been critical to the success we have achieved since 2009,” said Harlow. “Their continued commitment will ensure that the Company meets its long-term business goals and provides a secure future for all employees.”
WCM, first implemented by Fiat in 2006 and introduced to Chrysler Group as part of the alliance between the two companies in June 2009, is a methodology that engages the workforce to provide and implement suggestions on how to improve their jobs and their plants, promoting a strong sense of ownership. Plants awarded for their efforts also have a role in accelerating the implementation of WCM throughout the organization as coaches and mentors.
During an audit, zero to five points are awarded for each of the 10 technical pillars, which include safety, workplace organization, logistics and the environment, and for each of the 10 managerial pillars, such as management commitment, clarity of objectives, allocation of people, motivation of operators and commitment of the organization. A score of 85 would indicate World Class.
Shares of Mondelez International Inc (NASDAQ:MDLZ) ended Friday session in red amid volatile trading. The shares closed down -0.21 points or -0.48% at $43.16 with 4.95 million shares getting traded. Post opening the session at $43.34, the shares hit an intraday low of $43.08 and an intraday high of $43.43 and the price vacillated in this range throughout the day. The company has a market cap of $67.82 billion and the numbers of outstanding shares have been calculated to be 1.56 billion shares.
On September 22, 2016 As a progressive digital marketer, Mondelēz International is kicking off a multi-year national collaboration with iHeartMedia, the multiplatform media giant. Led by its Nabisco portfolio of brands, the companies will work together on a number of initiatives to strategically position key products into the conversations and culturally relevant space that iHeartMedia provides. As a first step in this new strategic relationship, iHeartMedia is supporting the Nabisco brand in celebrating the 115th anniversary of its debut in the marketplace with the launch of “115 Moments of Joy.”
Each day for the remainder of the 2016 calendar year, Nabisco brands is giving fans across the country a chance to win daily prizes to commemorate the anniversary in unexpected ways1. iHeartMedia is supporting the celebration through DJ giveaways on multiple iHeartMedia stations nationwide and through iHeartRadio, its all-in-one digital music and live streaming radio service, for a chance to win great prizes.
“We know our consumer looks to us to provide their favorite quality snacks,” said Stephen Chriss, Sr. Director, Marketing Activation & Media, North America, Mondelēz International. “Putting Nabisco and our brands into the cultural conversation is a key strategy for us and iHeartMedia – through its vast network and sought-after talent – is uniquely qualified to support this mission.”