Perrysburg Dodgeboy wrote:
proxim2020 wrote:
Link
Without 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. that is NET not PRE Tax
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. That is Gross or pre tax not net. nice try.
"(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.
Ford first-quarter profit misses expectations, 2015 profit outlook affirmed "Ford's overall first-quarter net income fell 7 percent to $924 million, or 23 cents a share, from $989 million, or 24 cents a share, a year earlier. Analysts expected earnings of 26 cents a share, according to Thomson Reuters I/B/E/S."
GM also missed it's mark as well!
Fiat Chrysler returns to $101.2M profit in Q1
FCA is not as big nor do we sell as many vehicles as Ford or GM so our profits are not as big. But given the fact that Ford out sell us by what 3 to 1 someone said, it looks like FCA is doing just as good if not better then the other two big dogs. Look at NET PROFITS of each not the net of FCA and the pre or gross of Ford and GM.
Hat in hand? Some of you guys are just screwed-up. Fiat Chrysler wants to collaborate with others on new vehicles: definition, work jointly on an activity, especially to produce or create something.LINK
Don
While FCA doesn't sell as much as the other 2, they aren't making as much profit on what they are selling either. At the end of last year, FCA profit margin was only at 4.2% while Ford is at 12% and GM is at 8%. Volkswagen almost cleared 14%. I'm not saying FCA is completely insolvent, but they aren't flying high either. With a margin so low, no one is interested.
Every article I've read about Sergio's email to GM stated that Sergio was interested in a
merger. Not a collaborative agreement, joint venture, or a partnership. Now the idea of such a merger would be reducing costs in developing technology for vehicles and increase ROI. However, for months the guy has been preaching to the industry that more mergers are needed in order for the industry to increase profitability. It looks like he's seeking on last big merger before he retires. Analysts seem to all agree that if one of the top automaker merges with FCA then it would probably only significantly increase profitability in FCA's favor. So far those automakers seem to agree.
