Chrysler Wants IPO Ready by Year-End
After repeatedly delaying plans for a public stock offering and then suggesting Fiat might sever its ties with Chrysler if it went ahead with an IPO, the CEO of the two automakers now says he’s ready...
View ArticleChrysler Earnings Quadruple in Q4
Chrysler Group more than quadrupled its earnings for the final quarter of 2014 -- in part due to a huge one-time tax gain, but also due to a surge in U.S. car sales. That's good news for parent Fiat as...
View ArticleChrysler Employees Getting $2,500 Profit Sharing Checks
Chrysler salaried and hourly employees were told today they’ll be getting profit-sharing checks after the maker reported earnings of $1.8 billion in 2013. Based on a formula approved by UAW workers in...
View ArticleFCA Reports 12% Increase in Q1 Revenue
FCA reported a 12% increase in revenue in the first quarter of 2014 as it reported a trading profit of $800 million on revenue totaling $29.2 billion. The automaker, however, reported a net loss of...
View ArticleChrysler Group Reports $690 Million Q1 Loss
Chrysler Group reported a net loss of $690 million for the quarter, due to special charges related to Fiat's acquisition of the UAW VEBA's ownership stake. However, net revenue was up 23% to $19...
View ArticleChrysler Reaffirms Full-Year Guidance for 2014
Following a 23% jump in revenue during the first quarter, Chrysler Group expects sales to continue climbing during the balance of the year as the new Chrysler 200 rolls into showrooms, following the...
View ArticleFiat Profits Plunge 55%
Fiat says its second-quarter profits plunged 55% as the maker’s U.S. partner Chrysler struggled to move old product with new incentives, while the Fiat side of the company dealt with a slowdown in...
View ArticleChrysler Reports 22% Jump in Q2 Profits
Chrysler Group LLC, which is now part of Fiat Chrysler Automobiles, rode a steady increase in sales to 22% increase in net income during the second quarter. Higher volumes, improved mix and better...
View ArticleMarchionne Downplays Threat to Fiat-Chrysler Merger
Disgruntled Fiat shareholders could – temporarily – thwart the completion of the Fiat-Chrysler merger, admits CEO Sergio Marchionne, though he remains confident the marriage will ultimately be...
View ArticleFiat Chrysler Earnings Near $2b for 2016
Detroit’s smallest automaker delivered 2016 earnings of $1.92 billion, after only marginally squeezing into the black the year before. That's good news for both investors - who will see FCA's net debt...
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