Mexican Media Brands
One-Time Items Cut Chrysler Profits by 56%
The former Chrysler Group now the FCA USA unit of Fiat Chrysler Automobiles NV hiked revenue last year 15% to $83 billion (€73 billion) in 2014.
#economics
Share
The former Chrysler Group now the FCA USA unit of Fiat Chrysler Automobiles NV hiked revenue last year 15% to $83 billion (€73 billion) in 2014. Vehicle sales grew 15% to 2.77 million units.
Adjusted operating profit rose 10% to $3.5 billion (€2.2 billion). But net income fell 56% to $1.2 billion (€1 billion) from $2.8 billion in 2013 because of one-time charges in both years. Without them, FCA US's adjusted profit last year soared 31% to $2.4 billion.
Chrysler's net industrial cash at the end of 2014 expanded to nearly $1.8 billion from $1 billion a year earlier.
Sales of Chrysler brand cars and minivans were flat last year, and demand for Dodge vehicles fell 5%. But the unit posted gains for Fiat cars (+7% to 64,000 units), Ram trucks (+24% to 587,000) and Jeep SUVs (+39% to 1 million).
RELATED CONTENT
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
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.