FCA Q2 Earnings:Net Cash has been reached,NAFTA margins decline

AlexB

Well-known member
Manley stated on the Conference Call RAM 1500 won't reach full production until Q4.
He sticks to to Chrysler 10% EBIT margin target for 2018.
 

AlexB

Well-known member
FCA's tax rate was at 28% significantly higher than they (the company)expected (low 20's%) due International adjustments (Mexico), but stated in the second half they taking actions to assure a 19% tax rate for second half of 2018.
 

AlexB

Well-known member
Maserati EBIT fell to €2 million, Palmer and Manley both called it a bad quarter for Maserati with the need to manage inventory.
 

AlexB

Well-known member
Palmer also sticks to "Chrysler"/NAFTA 10% EBIT margins, but adds it sole dependent on higher RAM production.
 

AlexB

Well-known member
Manley praises the FIAT brand in South America, and talked about Jeep as the premium brand in South America with seperate dealers.
 

AlexB

Well-known member
Manley seemed to pretty strongly squash talk of merger. He stressed completing the 5 year plan as an independent company but did leave the door open to cooperative development agreements for components.
He made the importance of the five year plan.....through didn't full slam the door.
 

AlexB

Well-known member
Manley stated he will announce the new head of EMEA/"Italian operations in pretty short order.
 

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