North America drove FCA profits

[moparnut]

North America remainedthe primary profit engine for Fiat Chrysler Automobiles in the second quarter of 2015, according to results reportedthis morning.
In North America, sales were up 8%; earnings more than doubled, rising from $650 million to$1,450 million($1.5 billion)in the second quarter of 2014.
FCA USsold 677,000 vehicles in the U.S., Canada, and Mexico between April 1 and June 30. North American profit margins increased from 4.9% to 7.7%.
The Chrysler 200 and Jeep Renegade were majorfactorsin that growth; positive net pricing, witha reduction in dealer discounts, helped increase profit margins.
FIAT CHRYSLER Q2 RESULTS WORLDWIDE & NORTH AMERICA
Worldwide
Deliveries
1,193,000
1,181,000
+1%
Revenues (millions)
$31,905
$25,489
+25%
EBIT (millions)
$1,666
$1,057
+58%
Net Profit (millions)
$361
$223
+62%
North America (U.S., Canada, Mexico)
Deliveries
682,000
647,000
+5%
Revenue (millions)
$18,774
$13,393
+40%
EBIT (millions)
$1,058
$650
+63%
North American Contribution to Worldwide Results
Deliveries
57%
55%
+2%
Revenue
59%
53%
+6%
EBIT
64%
61%
+2%
Margins
7.7%
4.9%
+3%
The Europe, Middle East, and Africa (EMEA) region was the second-largest profit center, with sales of 322,000 vehicles, a gain of 13%. (...) →
North America drove FCA profits is from Allpar News.


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