Fiat Chrysler third-quarter operating profit tops expectations on North America - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Fiat Chrysler beats thanks to strong US sales — and the automaker announced plan to merge with Peugeot

FCA jas been seeking a merger partner for years; most recently, a potential deal with Renault fell through.On Thursday, Fiat Chrysler Automobiles and France's PSA Group announced their intention to execute a 50-50 stock-swap merger that would create world's fourth-largest automaker.

But FCA on Tuesday also reported third-quarter earnings and again posted a strong result due to pickup and SUV sales in the North American market. The strong results led Fiat Chrysler to reiterate its full-year guidance of adjusted earnings before interest and tax over 6.7 billion euros . It also expects a further improvement of its financial performance next year.

"Our strong Q3 results, built on record North America profitability, put us in a position to deliver our full-year guidance and to further improve financial performance in 202," CEO Mike Manley said in a statement. FCA shares spiked in pre-market trading on Thursday in New York. They were up over 4%, to $15.63, on very elevated volume. Year-to-date, the stock has risen only about 3.5%.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités