profits

This is the fifth year of record results for FCA, with an adjusted earnings before interest and taxes (EBIT) of €7.3 billion, and a net profit of €3.6 billion. (One euro is currently equal to $1.13, so the net profit is  around $4 billion.) CEO Mike Manley said that the company will probably...

Auto News reports that Nissan will cut 20% of N.A. production to shore up profitability. Nissan has been running a bazaar for the past couple of years, buying market share through incentives and fleet sales. But Nissan N.A. executives were simply chasing the carrot Japan was dangling in front...

Sergio Marchionne reaffirmed the company’s guidance and said FCA expected to have no net debt by midyear in a report issued today. The company set a record with an adjusted 2017 earnings before interest and taxes (EBIT) of €7.1 billion (one euro is currently US$1.25). That’s a 16% gain over...