Jeep’s Rise Helps FIAT Chrysler Earnings
Strong global Jeep sales helped Fiat Chrysler post record first-quarter global earnings despite continued weakness in in Latin America and Asia. Net income rose to 478 million euros (USD539 million), the automaker said last week.
FCA said its first-quarter adjusted earnings before interest and taxes (EBIT) nearly doubled to USD1.56 billion in the quarter.
Shipments of Jeep climbed 15% in the quarter to 326,000 units as the automaker expands the SUV brand globally.
Net global revenues climbed 3% to USD30 billion, at today’s exchange rate, though total shipments declined 1% to 1,086,000 vehicles. FCA said its profit margin in North America, its largest market, doubled to 7.2% from the same quarter last year, while the profit margin in Europe, the Middle East and Africa quadrupled to 1.9%.
About the Author
Daniel Sherman Fernandez www.dsf.my is a service to the public and other website owners. www.dsf.my is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the site www.dsf.my. While the information contained within the site is periodically updated, no guarantee is given that the information provided in this website is correct, complete, and up-to-date. www.dsf.my is not responsible for the accuracy or content of information contained inside.
Related Posts
Redesigned Genesis GV80 Shown At Auto China 2024 With Coupe Version To Boot →
New Electrified Mercedes G-Class Shown At Auto China, Coming To Malaysia Next? →
Nio and DEEPAL Collaborate To Make EV Charging More Convenient →
