Fiat Chrysler profit rises, outlook 'firm' ahead of Peugeot merger

FILE PHOTO: A new Fiat 500 mild-hybrid car is displayed at a Fiat Chrysler event held to unveil its first hybrid models, in Bologna, Italy, February 4, 2020. REUTERS/Flavio Lo Scalzo/File Photo

FCA operates in China through a loss-making joint venture with Guangzhou Automobile Group and has a 0.35% share of the Chinese passenger car market. “Beyond 2025, full electric will become the norm” across the industry, Manley said, ultimately replacing hybrids which are facing future bans in several countries.

That left its adjusted operating profit for the year at 6.67 billion euros, just shy of its target of over 6.7 billion euros. Its adjusted EBITDA margin came in at 6.2%, in line with its target of more than 6.1%.

😦 😦

Awesome!

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fiat Chrysler fourth-quarter lifted by North America business to meet expectationsFiat Chrysler said its operating profit matched expectations in the fourth quart...
Source: Reuters - 🏆 2. / 97 Read more »

Fiat Chrysler's Q4 earnings meet Wall Street expectations, stock moves up 3% pre-market - Business InsiderFCA said its operating profit matched expectations, boosted by strong North American business and better results in Latin America.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Fiat Chrysler fourth-quarter lifted by North America business to meet expectationsFiat Chrysler said its operating profit matched expectations in the fourth quart...
Source: Reuters - 🏆 2. / 97 Read more »

Fiat Chrysler's Q4 earnings meet Wall Street expectations, stock moves up 3% pre-market - Business InsiderFCA said its operating profit matched expectations, boosted by strong North American business and better results in Latin America.
Source: BusinessInsider - 🏆 729. / 51 Read more »