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FCA made money in North America, lost everywhere else?

Discussion in 'Mopar News' started by Clark, May 5, 2020.

  1. Clark

    Clark Member

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  2. valiant67

    valiant67 ...

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    Business as usual. North America generates the profits, but new product for North America remains at a trickle.
     
    FreeLantz, dakrt99, aldo90731 and 3 others like this.
  3. T_690

    T_690 Well-Known Member

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  4. Bajanbuoy

    Bajanbuoy Durango Dave!
    Level 2 Supporter

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    Who needs new product when you can just add a blower and some stickers?.... That's a viable business model ain't it??? :confused::confused::rolleyes::rolleyes::cool::cool:;)
     
  5. Milkman123

    Milkman123 Active Member

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    North Americans don't really research what they buy. We just buy it and believe what they commercial and label says.

    Why strive to develop new product when we keep buying the same old junk?
     
  6. tabutler

    tabutler Active Member

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    Ferrari is no longer part of FCA. It has no impact on FCAs profits.
     
  7. valiant67

    valiant67 ...

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    People buy the the "same old junk" because the incentives to do so are large.
    Look at how Power Dollars were already extended to the 2020 Challenger and Charger even before the Corona virus sales declines happened.
     
  8. T_690

    T_690 Well-Known Member

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    It has impact on Exor. Besides Ferrari financed Alfa's relaunch at the time. But some will constantly moan how bad Italian stole American money.
     
  9. valiant67

    valiant67 ...

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  10. Milkman123

    Milkman123 Active Member

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    Majority of people don't know that their 2020 Charger is not really much newer than their old 2011. They also don't understand that next years cell phone will have almost the exact same insides as the year before and the year before that yet they believe they are buying an "all new" phone.

    Comes down to consumer research or lack of it, we get exploited for it more than other parts of the world because we care less borrow more.
     
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  11. valiant67

    valiant67 ...

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    Source?
     
  12. Milkman123

    Milkman123 Active Member

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    Of what exactly?

    Same old engine same old drivetrain, you don't really need me to post a link to that technical info do you?

    And what does this have to do with thendirection of mopar and their lack of cheaper but still performance oriented cars?

    I believe you were trying to make a case that the avenger is a performance car. Let's go back to that.
     
  13. valiant67

    valiant67 ...

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    Source of this claim:
    "Majority of people don't know that their 2020 Charger is not really much newer than their old 2011."
     
  14. Milkman123

    Milkman123 Active Member

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    I'll go back and edit my post to say anecdotallly. But I'd like to ask if you think the ooposite is true?
     
  15. valiant67

    valiant67 ...

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    I believe many people realize the cars are not "new". The reason being discounts are becoming more and more necessary to keep selling them. People will buy an older design if the value price is there, as evidenced by Grand Caravan and Journey.

    And I'll add that I can't recall the last time I read a review of Challenger or Charger that didn't mention the aging of these cars.
     
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  16. Milkman123

    Milkman123 Active Member

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    Either way, in regards to FCA losing money everywhere else I think it's because their quality is lacking and there isn't much innovation being shown at the consumer level aside from expensive toys. I think European consumers demand a bit more than we do here. So they'll sell us a bad ornold product but we buy it anyways. It's merely my opinion so we'll have to agree to disagree here if need be.
     
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  17. valiant67

    valiant67 ...

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    I totally agree with you when it's stated that way. FCA isn't that innovative compared to the competition or Chrysler of the past.
     
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  18. Milkman123

    Milkman123 Active Member

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    Glad I found agreeable words for us.
     
  19. MJAB

    MJAB Well-Known Member

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  20. MJAB

    MJAB Well-Known Member

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    Here is the 49 pages interim report.
    The one that is more interesting.
    https://www.fcagroup.com/en-US/inve...ts/files/FCA_NV_2020_03_31_Interim_Report.pdf

    I just looked rapidly (not so interested in spent too much time looking at it).
    Net loss of continuing operation (there is no more Magneti Marelli) Euro 1,694.
    Loss before taxes Euro 869 million.
    Taxes expenses higly ioncreased, from Euro 212 million to 825 million.

    Emissions
    "... Included within Cost of revenues for the three months ended March 31, 2020 and 2019 were amounts of €207 million and €170 million, respectively, which represent the accrual of regulatory expenses and the utilization of regulatory credits, primarily in North America and EMEA ...
    Cost of revenues also includes significant costs that contribute to regulatory compliance but which are not separately quantifiable as they are elements within broader initiatives, such as technology deployment in terms of powertrain upgrades and alternative powertrains, along with actions to improve vehicle demand energy."

    How much is the cost of advertising?
    "... Advertising costs accounted for 46.2 percent and 47.2 percent of total Selling, general and other costs for the three months ended March 31, 2020 and 2019, respectively. ..."

    North America
    "... Net revenues The decrease in North America Net revenues in the three months ended March 31, 2020 compared to the same period in 2019 was primarily due to lower shipments partially offset by positive vehicle mix and favorable foreign exchange translation effects. ..."
    "... Net revenues The decrease in North America Net revenues in the three months ended March 31, 2020 compared to the same period in 2019 was primarily due to lower shipments partially offset by positive vehicle mix and favorable foreign exchange translation effects. ..."

    There is a section about Covid-19 impact.

    Magneti Marelli, that is no more consolidated in FCA's statements (discontinued operations), had a profit after taxes of Euro 111 million in 1st quarted 2020.
     
    BASONE88 likes this.

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