Mexican Media Brands
FCA’s Earnings Soar 25%
Second-quarter net profits for Fiat Chrysler Automobiles NV jumped 25% to €321 million ($353 million). Adjusted earnings before interest and taxes climbed 16% to €1.6 billion ($1.8 billion).
#economics
Share
Second-quarter net profits for Fiat Chrysler Automobiles NV jumped 25% to €321 million ($353 million). Adjusted earnings before interest and taxes climbed 16% to €1.6 billion ($1.8 billion).
Revenue declined 2% to €27.9 billion ($30.7 billion) in April-June. Unit volume slipped 1% to 1.18 million vehicles. When sales by joint ventures are included, deliveries grew 1% to 1.23 million units. FCA says global sales of Jeep SUVs rose 16% on gains in all regions.
FCA says its industrial debt shrank by €1.1 billion to €5.5 billion ($6 billion). The company raised its forecast for the full year to an adjusted operating profit of €5.5 billion from the previous guidance of at least €5 billion.
In North America, shipments declined 2% to 666,000 vehicles. But a richer sales mix raised revenue 2% to €17.5 billion ($9.2 billion). Adjusted EBIT for the region grew 4% to €1.4 billion ($1.5 billion).
In Latin America, deliveries shrank 19% to 112,000 units, and net revenue dropped 9% to €1.5 billion ($1.6 billion).
FCA’s revenue in Europe rose 5% to €5.8 billion ($6.3 billion), as unit sales climbed 14% to 367,000 vehicles. Adjusted EBIT jumped to €143 million ($157 million) from €57 million in the second quarter of 2015.
RELATED CONTENT
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.