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
-
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.
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.