Exactly right. With the recent Q2 profits also showing only North America profited, they really should capitalize on that and make... hear me out... new Chrysler and Dodge vehicles. I remember not to long ago, Dodge was selling over a million cars a year. Not to long ago Chrysler was selling 650,000 cars.
Where are we at now...?
Dodge is at continually declining 420,000.
And Chrysler a pathetic 126,900 sales... Been going down every year since they ended the Chrysler 200 and started shedding products.
How many cars did lowly Mitsubishi sell last year? 121,000. They are knocking on Chrysler's door after being near gone and have been growing every year since 2012.
Only in adjusted EBIT NAFTA had a Euro 39 million profit, but EBIT (earning before interest and taxes) does not include interests on loans and taxation. That said also NAFTA had a loss.
Even considering the EBIT the main gain vs. 2019 (both 2nd quarter and 1st semester) was a decrese in general selling cost and, I suppose the main, in advertising cost (1st semester +382 Euro million) and net price (1st semester +219 Euro million).
DFat acan be found in EBIT walk in the section from page 19.
But the main data is the number of shipments, in NAFTA, for second quarter were down 62.2% vs. 219, for first 6 months 2020 was -39.8% vs. 2019.
While the decrease in earning / profit can be fast, the reduction of financial expenses (since lower vehicle production) does not go down as sam espeed, is more slower.
For example the net dinancia lexpences of FCA were in 2nd quarter 2020 Euro 237 million vs. Euro 260 million for 2019, first semester 2020 Euro 450 million vs. Euro 504 million for 2019.
Data can be found here:
https://www.fcagroup.com/it-IT/inve...iles/FCA_NV_2020_06_30_Semi-Annual_Report.pdf