Anthony Posted July 30, 2015 Share Posted July 30, 2015 (edited) http://www.freep.com/story/money/cars/chrysler/2015/07/30/fiat-chrysler-fca-second-quarter-earnings-ceo-marchionne/30845237/ http://www.autonews.com/article/20150730/OEM/150739987/fcas-q2-profit-rises-69-on-strong-nafta-sales Report: http://www.fcagroup.com/en-US/media_center/fca_press_release/FiatDocuments/2015/july/FCA_BOARD_OF_DIRECTORS_MEETING_2015_SECOND_QUARTER_RESULTS.pdf Edited July 30, 2015 by Intrepidatious Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted July 31, 2015 Share Posted July 31, 2015 I love how Chrysler talks up adjusted EBIT so they don't have to include the NHTSA fines and escrows in their talking points. Their 'net debt' position is better than it was, but you're looking at that term and saying, "wut?" because it's really non-standard for this industry. GM & Ford do not have 'net debt', they have 'net liquidity'. Their cash & equivalents exceed their automotive debt obligations. Quote Link to comment Share on other sites More sharing options...
fuzzymoomoo Posted July 31, 2015 Share Posted July 31, 2015 Has Chrysler always reported debt like that or is that a Fiat thing? Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted July 31, 2015 Share Posted July 31, 2015 As long as your debts exceed your cash, that's what you report. Really wasn't a bad quarter for FCA, though. The way Sergio was trying to shake loose merger partners the past few months, I thought sure there was going to be an unpleasant surprise in this quarter's reports. Quote Link to comment Share on other sites More sharing options...
grbeck Posted July 31, 2015 Share Posted July 31, 2015 As long as your debts exceed your cash, that's what you report. Really wasn't a bad quarter for FCA, though. The way Sergio was trying to shake loose merger partners the past few months, I thought sure there was going to be an unpleasant surprise in this quarter's reports. Maybe he's figured that the North American market recovery has peaked, and Fiat-Chrysler has made the easy gains, so things are going to get much tougher in the coming 2-3 years? Quote Link to comment Share on other sites More sharing options...
jpd80 Posted July 31, 2015 Share Posted July 31, 2015 Maybe he's figured that the North American market recovery has peaked, and Fiat-Chrysler has made the easy gains, so things are going to get much tougher in the coming 2-3 years? And these are supposed to be the good times, what happens if / when the current boom loses steam and sales begin falling? FCA is playing without a safety net.....or more correctly, Sergio's safety net is convincing a rival's investors that a forced merger is good for everyone. Good luck with that.. Quote Link to comment Share on other sites More sharing options...
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