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Auto Earnings Week: FCA(27th),GM(25th),and Ford(26th)

Discussion in 'Mopar News' started by Alexbucks, Jul 23, 2017.

  1. 77 Monaco Brougham

    77 Monaco Brougham Active Member

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    OOPS ! ! !

    I didn't stop to think about the French auto workers union, or the French Government.....(walking away slowly now with my head down and tail between legs):p:D
     
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  2. jerseyjoe

    jerseyjoe Plymouth Makes It

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    To me it seems like keeping an eye on the long term is better than see what the present CEO walks out the door with.
     
  3. Erik Latranyi

    Level III Supporter

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    Marchionne is not walking out the door. He will continue to sit on the governing board of the company and will continue to have input.

    I just hope he can keep his mouth shut and not undermine his replacement when the media runs to him for comment.
     
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  4. Prabhjot

    Prabhjot Active Member

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    and Compass.

    But you're right the Giorgio scale economies, not least just in development costs, through sharing, which will be huge across brands, will play out only over the next 5 years.

    It has taken them five-seven years to finally have (enough?) sharing/scale across the Italian and American brands, since (a) Fiat was too small-city-car to share with Dodge or Chrysler (b) Chryslers-as-Lancia failed miserably (c) Jeep global new model sales had not reached the global sales and manufacture volume they now have (d) they had not been able to afford doing the d- and e-luxury segment Alfa-s globally either (so that there were, or because of, shared scale economies with Dodge, Jeep) (e) China, much more sharing-compatible with the usa-brand cars, was still miniscule, with no local manufacturing.
     
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  5. Deckard_Cain

    Deckard_Cain Active Member

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    No, this really was a long time ago and no further talks came of it. And he complained about GM selling Opel because it would decrease synergies.
    I really don't want to see FCA and GM merging. If that happens I think they'll just sell the american brands excluding Jeep (and maybe Ram). I really like Chrysler/Dodge/Ram/Jeep a lot more than Chevrolet/Buick/Cadillac/GMC.
     
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  6. MJAB

    MJAB Well-Known Member

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  7. MJAB

    MJAB Well-Known Member

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    First half results 2017

    2017 vs. same period 2016

    In Euro million

    Combined shipments (000s units) 2,370 vs. 2,364 <- includes joint ventures
    Consolidated shipments (000s units) 2,216 vs. 2,261

    Net revenues 55,644 vs. 54,463
    Adjusted EBIT 3,402 vs. 3,007
    of which result from investment 202 vs. 141
    Net financial expenses -805 vs. -1,003
    Profit before taxes 3,376 vs. 1,364
    Tax expense -1,580 vs. -565
    Net profit 1,796 vs. 799
    Adjusted net profit 1,756 vs. 1,237

    Main extraordinary expenses accounted in first half 2017 was -895 million for reversal of indirect tax liability in Brazil
    For the other look at page 27 of presentation.

    Net industrial debt Euro 4,226 vs. 5,122 million in 2016.
    Improved mainly from cash flows from operations, net of capital expenditure.
     
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  8. Alexbucks

    Alexbucks Guest

    "Chrysler" NAFTA margins grew to 8.4%.
     
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  9. Alexbucks

    Alexbucks Guest

    Global margins grew to 6.7%.
     
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  10. Donte Lindsey

    Donte Lindsey Active Member

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    When was this?
     
  11. DAGAR

    DAGAR Active Member

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    Pretty good that even with the plant shuffle going on FCA was able to pull of a quarter that was largely flat from a deliveries and revenue perspective while more than doubling year over year profit to $1.8b. Slack in the US was taken up by growth in other global regions. Most impressive is that profits before taxes for FCA of $2.2b were close to Ford @ $2.5b and FCA's Profit margin in the quarter exceeded Ford's by 0.8% (6.7% vs 5.9%.) On an earnings per share basis, FCA really blew Ford away with $0.87 per share versus $0.56.
     
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  12. MJAB

    MJAB Well-Known Member

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    Debt (in Euro million)

    Total debt
    At 31 december 2016: 24,048
    At 30 june 2017: 19,140

    Net debt
    At 31 december 2016: 6,568
    At 30 june 2017: 6,175

    Net industrial debt
    At 31 december 2016: 4,226
    At 30 june 2017: 4,585

    Cash and cash equivalents
    At 31 december 2016: 17,318
    At 30 june 2017: 12,306

    Cash flow was used to reduce the total debt.
     
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  13. Erik Latranyi

    Level III Supporter

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    Once again, NAFTA margins were created by squeezing suppliers.....again
     
  14. Deckard_Cain

    Deckard_Cain Active Member

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    So that's everything you have to say about these good results? Wow.
     
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  15. Mike V.

    Mike V. Mopar-nac The Moderator
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    Not to be rude or argumentative, but can you provide info to back this comment up?

    Mike
     
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  16. Erik Latranyi

    Level III Supporter

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    Page 8 of the presentation.
     
  17. Mike V.

    Mike V. Mopar-nac The Moderator
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    I do not think your comment is 100% accurate as it includes reduced warranty costs and supplier recoveries, which is not “squeezing suppliers”

    Mike
     
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  18. Erik Latranyi

    Level III Supporter

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    Yeah, they shipped the same number of units with the same revenue as Q2 last year globally, but cost-cut their way increase in other areas.

    Am I supposed to be impressed that Net Profit went up because they did not have to absorb a major recall cost?

    NAFTA volumes are down, but no increase in margins after dropping 200/Dart. The margin increase came from lowering purchasing costs and cutting advertising.

    Q2 '17 Cash Flow was $1.1 billion lower than Q2 '16.

    The company is still $19 billion in debt with lower available liquidity.
     
  19. Erik Latranyi

    Level III Supporter

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    Go talk with suppliers.
     

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