/ Chrysler, Fiat, Industry, Jeep, News / FCA expects Jeep and Chrysler 200 to boost profit in 2014

FCA expects Jeep and Chrysler 200 to boost profit in 2014

Linked In Share
FCA expects Jeep and Chrysler 200 to boost profit in 2014

Fiat SpA, which announced plans today for a primary listing on the New York Stock Exchange for the newly created FCA (Fiat Chrysler Automobiles), forecast a 9.4 % increase in Chrysler Group shipments as it leans on the US unit for profit.

A full year of the new Jeep Cherokee, replacing the lackluster Liberty, and the redesigned 200 sedan should help strengthen Chrysler in segments where it has had weaker products. Fiat said it expects to ship 2.8 million Chrysler vehicles this year, compared with 2.56 million in 2013.

Chrysler remains a source of profit for Fiat. The company, which bought full control of the US automaker last week, today reported 2013 earnings of 943 million euros ($1.29 billion) excluding one-time items. Without Chrysler, the company would have had a loss on that basis of 911 million euros, according to its statement.

Marchionne, 61, wants to transform Fiat into a manufacturer with the scale to challenge the likes of General Motors and Volkswagen in global auto sales. Fiat, which owned 58.5 % of Chrysler before to the full takeover this month, relies on the US business for profit because of losses in Europe amid a six-year car-market contraction in the region.

A three-year business plan will be presented in May outlining spending of as much as 9 billion euros to end losses in Europe with the introduction of upscale models, as well as to fund an expansion in Asia. Fiat’s Europe losses narrowed to 50 million euros in the final three months of 2013 from a deficit of 120 million euros a year earlier, aided by cost cuts as deliveries fell 5 %.

Via Bloomberg

by Aurel Niculescu (my Google+) - Thursday, January 30th, 2014 - filed under Chrysler, Fiat, Industry, Jeep, News. Image credit: .
Linked In Share
Related Articles
2014 Forecast profit sales


Discuss: FCA expects Jeep and Chrysler 200 to boost profit in 2014

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

[VIDEO] Nissan Pulsar gets tested by Auto Express
[VIDEO] Nissan Pulsar gets tested by Auto ExpressThe Brits from Auto Express have recently tested out the newest compact car made by Nissan, the Pulsar. In a crowded C-segment ...
Peugeot RCZ might be discontinued
Peugeot RCZ might be discontinuedThe Peugeot RCZ is not looking towards a bright and shiny future as the performance vehicle will be discontinued. The Peugeot ...
Top 10 Ferrari F1 drivers No.1 Michael Schumacher
Top 10 Ferrari F1 drivers No.1 Michael SchumacherThe greatest driver of the modern age and perhaps the most complete off all-time he rewrote all the conceivable records in such a ...
Toyota C-HR Concept teased for Paris
Toyota C-HR Concept teased for ParisToyota has released a teaser image with the C-HR Concept, which will be officially presented to the public, in a world premiere, ...
Guy steals Ferrari, gets caught, steals it again from Police impound lot
Guy steals Ferrari, gets caught, steals it again from Police impound lotA man from Los Angeles has stolen a black Ferrari 458 Spider, he was caught by the police only to steal it the second day from ...
2016 Audi Q7 Plug-in Hybrid spied on the Ring
2016 Audi Q7 Plug-in Hybrid spied on the RingThe German based automaker Audi is currently testing out a new generation of the Q7 which has been spied while it was being ...
Spy Shots – 2015 Ford Galaxy
Spy Shots – 2015 Ford GalaxyA prototype of the 2015 Ford Galaxy has been recently caught on camera by our spy photographers while it was being tested out on ...
[VIDEO] Mercedes-Benz AMG GT on the Circuit of Americas in 4K Ultra HD
[VIDEO] Mercedes-Benz AMG GT on the Circuit of Americas in 4K Ultra HDMercedes-Benz has released a new video with the recently unveiled AMG GT, which is shown on the Circuit of Americas, which is ...
[VIDEO] See the BMW i8 safety car drift
[VIDEO] See the BMW i8 safety car driftThe BMW i8 safety car has been taken out for a hot lap which includes some drifting in order to prove that the wireless charging ...
2015 GMC Sierra Carbon Edition unveiled
2015 GMC Sierra Carbon Edition unveiledThe 2015 GMC Sierra Carbon Edition has been officially unveiled and it will go on sale this fall. GMC has officially pulled the ...
2015 Skoda Fabia Sedan rendered
2015 Skoda Fabia Sedan renderedThe new generation of the Skoda Fabia Sedan has recently popped onto the web in a new body style, a sedan. Considering the fact ...
Japan – Smart ForTwo Electric Drive Disney Edition introduced
Japan – Smart ForTwo Electric Drive Disney Edition introducedSmart has officially introduced a limited edition of the ForTwo Electric Drive in Japan, called the Disney Edition, which will ...
Audi plans 3rd body style for TT
Audi plans 3rd body style for TTThe German based automaker Audi has confirmed the development of a third body style of the new TT generation, which should be ...
Mercedes-Benz AMG GT Roadster rendered
Mercedes-Benz AMG GT Roadster renderedThe recently unveiled Mercedes-Benz AMG GT has been rendered in a drop-top body style which looks quite appealing. A new body ...
Dodge Challenger SRT Hellcat Shooting Brake rendered
Dodge Challenger SRT Hellcat Shooting Brake renderedTwo new renderings with the impressive Dodge Challenger SRT Hellcat have recently hit the web and they are showing the model in ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Spy-Shots of Cars
Spy-Shots of Cars
2015 skoda fabia sedan 1
Smart ForTwo Electric Drive Disney Edition 1
mercedes-benz amg gt roadster 1
dodge challenger srt hellcat shooting brake 1
Porsche Exclusive Cayenne S in Palladium Metallic 1
porsche boxster 210 hp 1
2015 ford s-max 1
B-Klasse 2014B-Class 2014
2015 Kia Soul EV pricing (1)
Walkinshaw Racing Limited Edition Supercharger Package (1)

More automotive from inautonews
The Brits from Auto Express have recently tested out the newest compact car made by Nissan, the Pulsar. In a crowded C-segment for hatchbacks, where we get models such as the Volkswagen Golf, the Renault Megane, the Ford Focus, Toyota Auris or premium vehicles such as the Mercedes-Benz A-Class, ...
read more
Inautonews Editors Section
Top 10 Ferrari F1 drivers No.1 Michael Schumacher
Top 10 Ferrari F1 drivers No.1 Michael SchumacherThe greatest driver of the modern age and perhaps the most complete off all-time he rewrote all the conceivable records in such a dominant fashion ...
Can Ricciardo do a Prost ’86?
Can Ricciardo do a Prost ’86?For the third time this season, Mercedes faltered in their 1988-esque campaign and there’s only one man ready to pounce whenever opportunities ...
Test Drive – Mercedes-Benz E250 CDI 4Matic
Test Drive – Mercedes-Benz E250 CDI 4MaticDaimler’s passenger cars division – which consists of the Mercedes-Benz and Smart brands – has vowed to recover the distance from its German ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety GM does it again: 2015 Corvette recalled and sales stoppedSince February, General Motors has tallied no less than 67 separate vehicle safety campaigns – ... Toyota recalls the Tundra for airbag flawThe world’s largest automaker, Japanese carmaker Toyota has released a recall notice for 130,000 ...
Safety Section