moparnut
Administrator
FCA closed 2015 with higher profits, well in excess of theirguidance to analysts, and substantially less debt. Including Ferrari, net revenues were $123.1 billion, up 18%, Adjusted EBIT (earnings before interest and taxes)was $5,730 billion, up by 40% from 2014 and adjusted net profit was nearly $2.2 billion, up by 91%. The spinoff of Ferrari allowed FCAto begin 2016 with a net industrial debt of around$5.5 billion, far lower than in January 2015. The company shipped […]
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