Tags: EU | Italy | Earns | Fiat Chrysler

Fiat Chrysler Profits up on Record North America Results

Wednesday, 31 July 2019 08:37 AM

MILAN (AP) — Italian-American carmaker Fiat Chrysler is reporting a 14% increase in second-quarter profits on the back of record results in North America.

Fiat Chrysler said Wednesday that its net profit rose to 793 million euros ($884 million) during the quarter from 754 million a year earlier. The 2019 figure reflects the sale of car parts maker Magneti Marelli earlier this year.

North American operations accounted for 65% of global revenues of 26.7 billion euros, generated by sales of the new Jeep Gladiator and an expanded offering of pick-up trucks.

Still, regional shipments in the period were down 12% to 596,000 units due to dealer stock reductions. Worldwide shipments slipped 11% to 1.15 million.

Brazil helped Latin American profits rise 9%, but profits in Europe sank 88% and Asia narrowed losses.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
GlobalTalk
Italian-American carmaker Fiat Chrysler is reporting a 14% increase in second-quarter profits on the back of record results in North America.Fiat Chrysler said Wednesday that its net profit rose to 793 million euros ($884 million) during the quarter from 754 million a year...
EU,Italy,Earns,Fiat Chrysler
131
2019-37-31
Wednesday, 31 July 2019 08:37 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved