moparnut
Administrator
FCA announced a surprise increase in earnings for the final quarter of 2016, with profits (before interest and taxes) going up by 1%, to $1.7 billion.
The surprise comes not from the company’s guidance, but from increased profits after a quarter of reduced U.S. sales and increased incentives. The reason: a more expensive and profitable salesmix, which yielded an margin increase from 6.4% to 7.4% for the full year.
Read the full story: FCA profits driven by Americas (updated) »
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The surprise comes not from the company’s guidance, but from increased profits after a quarter of reduced U.S. sales and increased incentives. The reason: a more expensive and profitable salesmix, which yielded an margin increase from 6.4% to 7.4% for the full year.
Read the full story: FCA profits driven by Americas (updated) »
More...