moparnut
Administrator
Fiat Chrysler Automobiles announced their global first-quarter results today, and the news was good — record first-quarter profits good, with a 55% gain in adjusted net profits (from €671 million to €1,038 million. €1 currently equals $1.21; so adjusted first-quarter net profits were $1.26 billion.)
One roadblock was the 2019 Ram 1500 launch; according to CEO Sergio Marchionne, the Sterling Heights plant that builds it is still only at around “60% of cycle.” That has cost the company $300 million,
Read the full story: FCA releases its profits, global sales, and debt »
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One roadblock was the 2019 Ram 1500 launch; according to CEO Sergio Marchionne, the Sterling Heights plant that builds it is still only at around “60% of cycle.” That has cost the company $300 million,
Read the full story: FCA releases its profits, global sales, and debt »
More...