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FIAT Chrysler Q4 2019 and Full Year 2019 Earnings

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AlexB

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FCA to announce 2019 Full Year and Fourth Quarter Results on February 6
Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) announced today that its financial results for the full year and fourth quarter 2019 will be released on Thursday, February 6, 2020.
A live audio webcast and conference call of the 2019 full year and fourth quarter results will begin at 1:00 p.m. GMT / 2:00 p.m. CET / 8:00 a.m. EST on Thursday, February 6.
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finance.yahoo.com

FCA to announce 2019 Full Year and Fourth Quarter Results on February 6

FCA to announce 2019 Full Year and Fourth Quarter Results on February 6 Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) announced today that its financial results for.
finance.yahoo.com finance.yahoo.com
 
I will try to provide a Play-By-Play of the Conference Call between Manley & Palmer with Wall Street Anaylst.
 
The big storyline entering this Call is have North America ("Chrysler") profit momentum crashed since last earnings.
Ford Q4 Earnings in North America (margins below 4%) fell off a cliff with warranty/recalls cost surge together with new Explorer launch problems in addition to UAW signing bonuses.
 
10% EBIT Margins in North America("Chrysler") for Q4 despite paying UAW signing bonus.
 
In full year 2019 North America made reduce vehicle shipments to Dealers by 222,000 vehicles , and yet increased Revenue to €73,4 billion up from €72,4 billion.
FCA having a higher, richer & pricer mix in North America is clearly working.
 
Manley going over key actions undertook during the year of 2019, what's left to do, and thanked the employees of FCA.
 
Manley talking about the merger:he states no hurdle to closing.
 
Manley recapping actions in Europe:Alfa's profitability plan/BEV's /plant updates.
 
Manley played down the decline of Jeep sales in NA by stated the Company will chose Margins over volume.
 
Manley goes back to Europe discussing the end of Punto, New FIAT 500,plug in Compass-Renegades and the decline in the age of the European lineup.
 
Palmer takes over.
Palmer Clears up the whole Italian tax story stating because pre-Chrysler merger FIAT had long-lengthy period of losses in Italy, FCA has built a large carry forward base in Italy(together with tax breaks) and therefore will be zero impact from a settlement with Italy over the taxability of the Chrysler investment prior to the Merger.
 
Manley takes back the call to talk about Maserati.
 
Manley states he proud Maserati plans by the team, states Maserati will go into new white spaces and is on path to be all electric brand.
 
Manley states he looks at U.S. sales at 17 Million SAAR for 2020.
Also looks for North America to be the leading unit for profit improvement for 2020.
 
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