moparnut
Administrator
Despite analysts’ and autowriters’ complaints aboutFCA debt and liquidity, the company actually has less debt than it did when the last quarter ended.
FCA reported €8 billion in net industrial debt, down from€8.6 billion at the end of March.Some of this may have been due to paying down debt through positive cash flow, even as the company made€2.2 billion in capital expenditures.
Liquidity is down somewhat, from€25.2 billion to€25.4 billion. Cash and marketable securities have fallen by €600 million, but undrawn credit lines have increased by€700 million, for a slight increase.
FCA will raisemorecash by selling off 10% of Ferrari, to help make a new line of Alfa Romeos. Dodge is expected to make cars basedon a similar platform and architecture shortly afterwards. (...) →
FCA cut its debt, raised liquid assets is from Allpar News.
More...
FCA reported €8 billion in net industrial debt, down from€8.6 billion at the end of March.Some of this may have been due to paying down debt through positive cash flow, even as the company made€2.2 billion in capital expenditures.
Liquidity is down somewhat, from€25.2 billion to€25.4 billion. Cash and marketable securities have fallen by €600 million, but undrawn credit lines have increased by€700 million, for a slight increase.
FCA will raisemorecash by selling off 10% of Ferrari, to help make a new line of Alfa Romeos. Dodge is expected to make cars basedon a similar platform and architecture shortly afterwards. (...) →
FCA cut its debt, raised liquid assets is from Allpar News.
More...