StaffAllpar HomeMore NewsCarsTrucksUpcomingRepairsTest drives

Mad Money’s Jim Cramer On Chrysler and FCA (w/video)

by David Zatz on

Last night, on his show Mad Money, Jim Cramer did a long segment on Fiat Chrysler (FCA) — praising the company and essentially urging investors to buy the stock (FCAU).

Not long after FCA CEO Sergio Marchionne was slammed for remarks that some say caused FCAU to rapidly decline (from around $16.60 to around $14.60 per share), Mr. Cramer noted that the stock has actually risen by 75% since it started trading on the New York Stock Exchange earlier this year.

Jim Cramer - Mad Money I

He also pointed out that the company’s shipments to North America increased by 8% in the latest quarter, but that North American revenue grew by 38% year over year. “Fiat Chrysler has also been extremely well-managed,” Mr. Cramer said, and “they are doing quite well in the U.S. Since 2012, Fiat Chrysler has grown its market share in this country by 120 basis points… when ever other large automaker has been losing some share.”

He praised “the old, unsexy Chrysler brands,” noting gains by Jeep, Chrysler, and Ram, then switched to Europe and pointed out that their loss has turned into a gain, due to a turnaround in the European economy. He also predicted good things in Brazil, where the auto industry has been “hideous,” since the country’s president has “filled out the cabinet with more business-friendly people,” increasing the local stock index.

Mad Money Jim Cramer - Chrysler sexy again

He also looked at Ferrari, which he said had been “an underperformer” compared with other FCA brands, praising the spinoff, which he felt would increase the value of both FCA and Ferrari itself.

Finally, he said that Sergio Marchionne “is brilliant” and may decide to play the mergers and acquisitions game, potentially increasing the stock price.

Mr. Cramer concluded that, while GM and Ford may be hurt by the strong dollar, “You want to buy the one member of the big three that actually benefits from the currency impasse, the European Fiat Chrysler. The stock has been on fire lately, but with everything this company’s got going for it, I wouldn’t be surprised if it actually had much more room to run.”

See the CNBC video here.

Know & Go screens
Employees created new FCA US app—first available to Ram TRX

Newest Ram Built to Serve models honor the U.S. Air Force

Former Ram chief engineer Michael J. Cairns

More Mopar Car
and Truck News

Some popular Allpar pages

Dodge Demon

2018 Wrangler JL

Staff details/contactsTerms of ServiceInformation is presented to the best of our knowledge. Plans change and sometimes mistakes are made. Decisions or purchases made based on this site's verbiage or images are done at the reader's own risk. Also see the Allpar News archives, 1997-2008 • Copyright © VerticalScope Inc. All rights reserved. • Mopar, Dodge, Jeep, Chrysler, HEMI, and certain other names are trademarks of Fiat Chrysler Automobiles.