Tag: FCA

@FCA: En Julio FCA México reportó ventas de 3,520 unidades

1 de agosto de 2020 , Ciudad de México – RAM fue la marca con mayor número en ventas en julio. FCA México reportó ventas de 3,520 unidades. “Nuestro enfoque siempre ha estado orientado en la satisfacción y seguridad del cliente a través de vehículos innovadores, que en diversas ocasiones superan los estándares de seguridad volviéndose referentes… Continue reading @FCA: En Julio FCA México reportó ventas de 3,520 unidades

@Ferrari: Q2 2020 affected by Covid-19, but in line with expectations, full year guidance narrowed within the previous range

Total shipments of 1,389 units, halved versus prior year, as a result of both production and delivery suspensions Net revenues of Euro 571 million, decreased by 42.0% Adj. EBITDA(1) of Euro 124 million, with an Adj. EBITDA margin of 21.9% Adj. EBIT(1) of Euro 23 million, with an Adj. EBIT margin of 4.0% Negative industrial… Continue reading @Ferrari: Q2 2020 affected by Covid-19, but in line with expectations, full year guidance narrowed within the previous range

Fiat Chrysler posts lower-than-expected operating loss in second quarter – ETAuto.com

Fiat Chrysler (FCA) said its adjusted earnings before interest and tax (EBIT) were negative for 928 million euros ($1.10 billion) in the April-June period, versus forecast for a 1.87 billion euro loss. MILAN: Italian American automaker Fiat Chrysler posted a smaller-than-expected operating loss in the second quarter, as it managed to contain negative effects of… Continue reading Fiat Chrysler posts lower-than-expected operating loss in second quarter – ETAuto.com

Carmakers borrow industry-leading $132 billion to weather Covid-19

Loans for virus relief eased during July as firms repay loans. (Image: Bloomberg) New York: The automotive industry has borrowed $132 billion since March as the spread of the coronavirus curbed demand for cars and closed factories. The sector is the largest user of funds put in place to ease the impact of the pandemic.… Continue reading Carmakers borrow industry-leading $132 billion to weather Covid-19

Fiat Chrysler lost $1.24B in 2nd quarter of 2020

CLOSE Things can always be worse. That’s one way to look at the earnings reports for Fiat Chrysler Automobiles and other automakers in the midst of a global downturn brought on by the coronavirus pandemic. The question on Friday was how bad things would get for FCA, the last of the Detroit Three to announce… Continue reading Fiat Chrysler lost $1.24B in 2nd quarter of 2020

Fiat Chrysler salaried workers back at full pay

CLOSE Fiat Chrysler Automobiles has restored full pay for its salaried workforce. Unlike General Motors, which announced its own restoration of full pay for salaried workers, the move was not earlier than expected, according to FCA, but was in the planned time frame for addressing the financial impact of the coronavirus. Ford had announced a similar plan beginning in May… Continue reading Fiat Chrysler salaried workers back at full pay

Detroit Three signal cautious optimism for second half of 2020

Detroit’s three automakers are cautiously optimistic for the next six months after second-quarter earnings took a beating because of the coronavirus. Performance predictions hinge on specific conditions, but other actions signal a brighter future. “We expect a much, much better second half,” Fiat Chrysler Automobiles NV CEO Mike Manley said Friday during a conference call after the… Continue reading Detroit Three signal cautious optimism for second half of 2020

Electric pickups a possibility, FCA CEO says, as it updates product plans

Fiat Chrysler Automobiles NV could electrify its Ram trucks if they face deteriorating market share, CEO Mike Manley said Friday, as he provided updates on product launch plans that faced delays due to the coronavirus pandemic. The Italian American automaker has said it will electrify its profit-heavy Jeep brand by 2022, but overall it has been… Continue reading Electric pickups a possibility, FCA CEO says, as it updates product plans

Mexico’s Alfa to spin off rest of Nemak stake, shares surge

MEXICO CITY (Reuters) – Mexico’s Alfa (ALFAA.MX) said on Friday it plans to spin off the entirety of its remaining 75% stake in auto parts business Nemak (NEMAKA.MX), sending Alfa’s shares surging 17% on the prospect that the conglomerate could shrug off the struggling unit. FILE PHOTO: The logo of Nemak, a Mexico-based holding company… Continue reading Mexico’s Alfa to spin off rest of Nemak stake, shares surge