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I. The legacy part of the business provides stable and consistent free cash flows. Factoring in the 3 announced acquisitions (Esso. Topaz. Dansk Shell). dropping fuel margin to 18.Scpg. and assuming 1% fuel volume organic growth. produces a 33% upside for the Legacy business. 2. Adding on the acq
interesting dynamics in the overall mix. Fiat has exited the Dodge Dart and Avenger business. They are saying they are not going to compete with Toyota and Honda rental / Uber-style cars geared towards car sharing. They are going to do Jeeps and trucks. which are going to be the last segment aff
ity 1: Privacy/Security 1: Privacy EFTA00679970 Fiat Chrysler Automobiles ABC Pfizer Colgate-Palmolive Co. GAP J&J Novartis / GSK Subway Shell Andrew Altersohn Chief Executive Officer AD/FIN 16 East 34th Street, 15th floor New York, NY 10016 p: e: 4: No Response 5: Declined 5: Decli
Penney Honda/Acura Bank of America State Farm Pepsi Ford TD Ameritrade Nissan Infiniti Dell Audi Arby's Sony Pictures American Express Toyota Unilever Warner Bros Kellogg La Quinta Inns and Suites Hasbro Miller Coors USAA Pernod Ricard L'Oreal Mastercard Heineken Genentech Remy
's Salaries Defended in Europe NYT • Moscow Exchange aims high with float The Times • Scandal-hit KFC chokes on its Chinese chicken The Times • Shell "will fight Indian Tax demand" The Times • Three to offer 4G at no extra cost The Times • Tunisia in 'advanced talks' with IMF over $1.8bn standy
) • Sanofi says Zaltrap approved in Europe for Colorectal cancer (trading +1.9%) • Seat Pagine to begin bankruptcy proceedings (trading -20%) • Toyota 3q results missed, raised full-year forecasts on FX assumptions (closed -1.20%) • Hitachi lowered net income forecast after missing ests for O3 pro
Entities connected to both Shell and Toyota

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