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Fiat Chrysler Posts $1.1 Billion Q3 Net Income

Fiat Chrysler Posts $1.1 Billion Q3 Net Income

Fiat Chrysler Automobiles (FCA) has posted a 910 million euro ($1.1 billion) net income for the third quarter. The results are an improvement over last year and show less debt than the previous quarterly results.

EBIT for the U.S. and the NAFTA region rose to 1.29 billion euros from 1.28 billion euros. Revenue in the region fell 4 percent to 16.13 billion euros. The revenue decline is due to fewer vehicle shipments as the U.S. auto market has pulled back some in 2017.

FCA’s EBIT figures were similar in Europe, Middle East and Africa also ross for the quarter despite revenue declining by 2 percent to 4.98 billion.

In total, FCA’s revenue fell 2 percent to 26.4 billion euros, while EBIT rose 17 percent.

The higher earnings for the quarter also showed an overall reduction in FCA’s industrial debt. The company is reporting 4.2 billion euros in debt, a reduction of 179 million euros from the company’s second quarter results.





 

About Nick Saporito

AutoVerdict Senior Editor Nick Saporito began writing about cars at age 13. Nick ran a couple of automotive enthusiast sites for several years, before taking some time off to focus on his career and education. By day he's a marketing executive in the telecom world and by night he hangs out here at AV. You'll find him focusing on tech, design and the industry's future.
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