FCA Earnings/Wall Street Confernce call:"Chrysler record profit" & Alfa writedown

AlexB

Well-known member
All in Euros€ (Currently $1.12 U$D)
*"Chrysler"/North America: €2.019 billion (EBIT Margin of 10.6%)
*EMEA ("Italian operations"): EBIT loss of €55 miilion (negative EBIT Margin of -1.2%)
*Maserati: EBIT loss of €51 million (negative EBIT Margin of -12.9)
*Asia Pacific: EBIT loss of €10 (negative EBIT Margin of -1.5)
*LATAM(South America): €152 million (EBIT Margin 6.9%)
 

AlexB

Well-known member
Manley stated there still tons of work to do in arriving to a final deal, but stated the Merger came together quickly.
 

AlexB

Well-known member
Palmer stated Maserati loss is driven by destocking.
Palmer looks for North America to repeat performance or stronger than Q3.
 

TripleT

Well-known member
Like I keep saying don't get excited until the ink dries...

Hopefully there will be China deal in next few month, there economy is being dragged down by the Trade talks
 

AlexB

Well-known member
Manley stated the 2022 guidence isn't realistic, nor the street believes.
Sergio's 2022 profit targets are out.
 

AlexB

Well-known member
Manley stated Alfa will be refocused where it can succeed at, and he believe the updated plans can generate an acceptable return on investment.
 
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AlexB

Well-known member
Manley states he target full utilization in Europe is the by 2022 thanks to new products & increase local Jeep production.
 

AlexB

Well-known member
Manley states they will take no questions about PSA (they are not in a position to expand beyond the Press Release).
 

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