FCA Posts $1 Billion Q4 Profit - Predicts It Will Outperform Ford In 2018

Fiat Chrysler Automobiles reiterated its plan to be in a net cash position by midyear and hit aggressive financial targets for 2018 set four years ago -- including nearly $10.9 billion of adjusted earnings before interest and taxes -- as the automaker prepares to transition to a new leader with the coming retirement of CEO Sergio Marchionne.

And in comments to analysts, Marchionne said there is a "strong likelihood we'll outperform Ford in 2018."

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TomM - 1/25/2018 3:59:37 PM

+1 Boost

FCA had the LUCK of being in the right place at the right time. Getting Chrysler essentially for nothing - which includes JEEP -just when SUV/CUV purchases took off to overtake sedans(That they did not have anyway) - allowed them to rake in the profits.

I suppose if there was a major event that interrupted worldwide oil (Like a Saudi Arabia /Iran war) - FCA would up the creek without a paddle - but that is unlikely. However - I still do not see FCA overtaking FORD - The F100 is still a cash cow - and Ford of Europe is still far better than FIAT.

PUGPROUD - 1/25/2018 4:41:49 PM

0 Boost

Damn with faint praise if you ask me. Beating Ford ain't saying much. Sergio always reminds me of the kid who kills his parents and asks the judge for leniency because he is an orphan.

MDarringer - 1/26/2018 8:49:52 AM

0 Boost

Love it.

MDarringer - 1/25/2018 11:12:28 PM

+1 Boost

So if FCA is doing so well, were are the new products for Dodge and Chrysler?

mini22 - 1/26/2018 12:43:11 AM

+4 Boost

One word and one word only J E E P!