FIAT Chrysler Q4 2019 and Full Year 2019 Earnings

[AlexB]

Adam Jonas ask Manley why not go straight to EV and skip Hybrids?

 

[AlexB]

Manley stated "Look outside of these windows" made the point that given FCA's fleet, battery and charging technology hasn't got advance enough to support moving to straight Electric. Hybirds are needed transition technology until more charging comes available and battery gets better.

Manley adds on FCA-PSA will have sustainability targets that are more than meeting regulations.

 

[AlexB]

To a question about GM's strike, Manley puts cold water on GM excuse by saying , "it seems they had plenty of inventory".
He praises the RAM team and the RAM Truck itself.

 

[AlexB]

Manley mentions a step up in competitive incentive spending in the U.S. B-D CUV segments to unhealthy margin levels.Manley says FCA will not chase competition in CUV incentive spending.

 

[Deckard Cain]

Manley recapping actions in Europe:Alfa's profitability plan/BEV's /plant updates.

What did he say here?

 

[AlexB]

What did he say here?

Nothing new.

 

[AlexB]

View attachment 3285

Analyst seems to be suprise by this^^^^^

 

[AlexB]

Manley once again thanked FCA's employees to close the call.

 

[Bili]

Analyst seems to be suprise by this^^^^^

Hmh, why would they be?

 

[AlexB]

Those GM cheerleaders at the Detroit News are at it again, taking these earnings and creating a storyline/narrtive that FCA is in dire straits. They leave out Magneti Marelli sale.

 

[AlexB]

Hmh, why would they be?

Because there were still alot that A:Simply look at the current offerings in Europe (I know kind of lazy),B: Some hyping a German short seller report that FCA/VW will have to pay fines,C: Some Analysts who modeled that
FCA needs Tesla credits forever,and D: Skepticism about FCA in Europe in General.

 

[AlexB]

Those GM cheerleaders at the Detroit News are at it again, taking these earnings and creating a storyline/narrtive that FCA is in dire straits. They leave out the impact of Magneti Marelli sale.

I dislike giving bad journalism clicks but here we go(may not work in the E.U.):Ram, Jeep couldn't stop 19% profit slide at FCA

 

[Bili]

Those GM cheerleaders at the Detroit News are at it again, taking these earnings and creating a storyline/narrtive that FCA is in dire straits. They leave out Magneti Marelli sale.

GM lost money in Q4.

But it seems that FCA has bad relationship with media both in US and EU. That's not good. Unfortunately for FCA media outlets are opinion makers.

Because there were still alot that A:Simply look at the current offerings in Europe (I know kind of lazy),B: Some hyping a German short seller report that FCA/VW will have to pay fines,C: Some Analysts who modeled that
FCA needs Tesla credits forever,and D: Skepticism about FCA in Europe in General.

FCA will combine business with PSA. They will offer even more MHEV and PHEV and even BEV cars in the (near) future. Compliance was only about 2020. European CO2 limits will stand still for 5 years. They are not tightening it by each year as they do it in US.

German car makers are different than FCA, with different plans and different buyers demographics.

 

[AlexB]

GM lost money in Q4.

But it seems that FCA has bad relationship with media both in US and EU. That's not good. Unfortunately for FCA media outlets are opinion makers.



FCA will combine business with PSA. They will offer even more MHEV and PHEV and even BEV cars in the (near) future. Compliance was only about 2020. European CO2 limits will stand still for 5 years. They are not tightening it by each year as they do it in US.

German car makers are different than FCA, with different plans and different buyers demographics.

Well put! I feel alot the repeat narrative also comes from that FCA doesn't "grandstand" like others do about EV.

 

[Deckard Cain]

GM lost money in Q4.

But it seems that FCA has bad relationship with media both in US and EU. That's not good. Unfortunately for FCA media outlets are opinion makers.

This is too true... IMO there's outright hostility from many news outlets against FCA.

FCA will combine business with PSA. They will offer even more MHEV and PHEV and even BEV cars in the (near) future. Compliance was only about 2020. European CO2 limits will stand still for 5 years. They are not tightening it by each year as they do it in US.

German car makers are different than FCA, with different plans and different buyers demographics.

PSA is well ahead in electrification. And merging with FCA means that the economies of scale of the new group will immensely in the transition to EVs. If they make gigantic orders to battery manufacturers for FCA and PSA vehicles together, they'll gain much more leverage.

 

[Deckard Cain]

D: Skepticism about FCA in Europe in General.

Wow, those must be the analysts that frequent Allpar.

 

[Bili]

PSA is well ahead in electrification.

Actually not true. They are very similar in that regard.

 

[AlexB]

Wow, those must be the analysts that frequent Allpar.

One of "critics" of FCA in Europe as well North America
Ferdinand Dudenhöffer one of the heads of the German CAR-Center Automotive Research at University of Duisburg-Essen (subsidize by Daimler).
He always make outlandish "doom-days" predictions.

 

[redriderbob]

Us Americans, love our highly profitable trucks!

 

[AlexB]

View attachment 3292

Us Americans, love our highly profitable trucks!

"Minus Silverado bad interior aside"