Group Performance:
FCA has reported a positive overall financial performance for the second quarter of 2015. It earned a net profit of € 333 million that is up 69 % from Q2 2014 net profit of € 197 million. Net revenue for the group increased by 25 % from € 23.3 billion to € 29.2 billion while there was a slight reduction in net industrial debt which now stands at € 8.0 billion. The outstanding improvement in net profit and EBIT was led by a strong improvement in NAFTA margin from 4.9 % in Q2 2014 to 7.7 % in Q2 2015. FCA’s worldwide sales rose 5 % to 762,000 for the quarter, including a 6 % increase in U.S. retail sales to individual buyers.
Segment Wise Performance:
The NAFTA region was the best pick out of all the major regions of operations of FCA. Through the second quarter the industry saw sales growth of 4 % in the US and 3 % in Canada. Fiat Chrysler’s shipments increased from 627,000 units to 677,000 units during the period while the actual sales were 5 % higher at 682,000 units. The all-new Jeep Renegade and the all-new Chrysler 200 were …show more content…
On the other hand Maserati continued its ordeal in the second quarter too. It reported a 12.7 % drop in sales, 17.4 % decrease in revenue and a 29.5 % decline in adjusted EBIT. Conclusion:
The second quarter was outstanding for FCA since it performed well in its two main markets: NAFTA and EMEA. Pumped up with its strong performance in North American sales and a European recovery, the group has also raised its outlook for the year. The China slowdown is creating problems all automakers. FCA is lucky it is small there and should concentrate equally on the other parts of APAC like India. But it needs to address the problems it is facing in the LATAM region since it is one big chunk of the emerging