Fiat Chrysler Cars (FCA) it is the seventh largest manufacturer of cars in the world however even not just find the right way to make the shadow of their rivals and climb positions. Currently the group italo americano is restructuring its brands (again) and in this way is renewing and launching new models so that their sales continue to grow and improve its financial situation.
In these days, FCA has presented his financial results corresponding to the fourth quarter of last year 2016. In them we can see that their profits fourth quarter have increased by 1 percent, before deducting interest and taxes. This amount may seem very little, but it is enough to show that FCA is on the right path to generate profits and start your economic recovery.
For stoning this way has worked for improve the profitability of all the firms of the group. According to FCA, the group’s profitability has improved in all the markets in which it is available. In the united States profit margin before interest and taxes has risen by 7.4 per cent in 2016, increasing a point from the past 2015.
This growth has allowed the group’s revenues in this market have been increased by 15 per cent despite the fact that the sales seem to be stagnating. In addition, keep in mind that one of the brands that is allowing the growth of the benefits of FCA is Maserati (part of Jeep). The signature of the trident is increasing their sales thanks to the launch of, among other models, the SUV Levante and that’s why since the group will continue to inject money to continue their growth.
All of these efforts are aimed at remove the bulging debt that have currently FCA. According to Sergio Marchionne debt should be half currently have of face to the year 2019 (at the time that the CEO of FCA retiring). All of this will run between important investments to improve their plants located in the united States in addition to attempts for that Donald Trump does not interfere with their business interests.
Source – Fiat Chrysler Cars (FCA)
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