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 Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
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.
-
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.