LinkWithout the benefit of the change in tax status FCA US would have earned a profit of just $312 million compared with a profit of $486 million.
Ford, in contrast, earned $1.3 billion in pre-tax profits in North America during the first quarter and General Motors earned $2.2 billion.
"(Fiat Chrysler Automobiles) appears to be fundamentally overvalued. It has very limited profitability, it is so loaded with debt it makes little in the way of earnings, it is burning cash and it is not able to pay dividends," Bernstein Research analyst Max Warburton said in a report published earlier this week.
They ain't doing that well.
