Mexican Media Brands
FCA’s U.S. Unit Swings to a Profit
The U.S. division of Fiat Chrysler Automobiles NV reports its first-quarter revenue rose 10% to $20.9 billion, vehicle shipments grew 7% to 718,000 units and modified operating profit climbed 16% to $682 million.
#economics
Share
The U.S. division of Fiat Chrysler Automobiles NV reports its first-quarter revenue rose 10% to $20.9 billion, vehicle shipments grew 7% to 718,000 units and modified operating profit climbed 16% to $682 million.
A $2.3 billion tax gain pushed the former Chrysler Group's net income to $2.6 billion from a $690 million loss in the first quarter of 2014. When special items are excluded, adjusted net income fell 36% to $312 million.
First-quarter results were bolstered by sales increases of 22% to 256,000 units for the company's Jeep brand and 10% to 139,000 units for Ram trucks. Dodge brand sales fell 14% to 161,000 vehicles.
RELATED CONTENT
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.
-
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.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.