Milan / Detroit - Fiat Chrysler raised prospects of a result set to 2016, but its shares fell after recall costs put pressure on the second-quarter earnings and amid fears about its exposure to the US market.
The seventh largest automaker in the world vehicles said adjusted operating profit from April to June rose 16 percent to 1.63 billion euros, in line with analysts prospects.
But profit fell 14 percent, to include charges related to recall costs and adjustments in production in North America.
The FCA is investing billions to try to capture a larger share of the lucrative market of SUVs and pickup trucks US. This includes investment of $ 1.5 billion factory in Michigan and $ 1 billion to modernize plants in Ohio and Illinois.
The profit margin of the FCA in North America rose to 7.9 percent in the second quarter from 7.7 percent a year earlier, but the improvement was weaker than that obtained in prior periods and not impressed compared to 12 , 1 percent of GM.
North America accounted for nearly 85 percent of the profit from the FCA, reflecting robust demand for SUVs and pickup trucks Jeep. In Latin America, the FCA presented financial balance while having strong growth results in Europe.
The chief executive of FCA, Sergio Marchionne, congratulated the margin released by the GM and said he hoped the FCA be "very close" this number, so that the process of modernization of plants in the US is completed.
Marchionne also said he hoped the FCA stop producing US passenger cars by the end of March 2017.
In the second quarter, revenue of FCA fell 2 percent to 27.89 billion euros, below the estimate of 29.3 billion.
The automaker said net debt fell to 5.5 billion euros at the end of June, compared to 6.6 billion in the previous quarter, helped by strong cash generation.
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