What is Fiat Chrysler Automobiles?
Fiat Chrysler Automobiles is an Italian-American corporation that designs, produces and sells vehicles, spare parts, production systems and components around the world. It operates through its network of 159 manufacturing plants and 87 research and development centres, and distributes its products in over 140 countries.
The company has two main subsidiaries – FCA Italy and FCA US. The group's auto brands include: Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia, Ram, SRT and Maserati. Additionally, the group is engaged in retail, dealer finance and rental services, supporting the car business.
In 2016, Fiat Chrysler was the 8thbiggest motor vehicle manufacturer in the world by production numbers. Having produced some 4.68 million vehicles that year, it ranked above Renault and Groupe PSA, but behind Toyota, Volkswagen, Hyundai, General Motors, Ford, Nissan and Honda.
Who are the key people at Fiat Chrysler Automobiles?
Italian-born Sergio Marchionne is Chief Executive Officer of Fiat Chrysler Automobiles, and also serves as Chairman and CEO of FCA US. He was previously CEO of Fiat S.p.A. Another key figure at the company is John Elkann, who has been Chairman of Fiat Chrysler Automobiles since October 2014.
What is the modern history of Fiat Chrysler Automobiles?
Fiat Chrysler Automobiles came into existence in 2014 when Fiat acquired all of Chrysler and the two firms were merged into a new holding company. The former Fiat Group Automobiles SpA became FCA Italy, while Chrysler Group LLC became FCA US. It cost Fiat $4.9 billion to acquire all of Chrysler, which had filed for Chapter 11 bankruptcy in 2009. In addition, it took on some $5.5 billion of pension liabilities.
What are the latest developments at Fiat Chrysler Automobiles?
Fiat Chrysler Automobiles unveiled a five-year business plan in May 2014. The company said it expected to increase sales to 7 million units and achieve net income of €5 billion. FCA’s growth ambitions were focused around its Jeep brand and the SUV segment in developing markets.
In 2015 Fiat Chrysler opened a new state-of-the-art Jeep industrial complex in Goiana, Brazil – the group’s largest facility to date, with production capacity of over 250,000 vehicles per year. In another key development, Fiat Chrysler completed the spin-off of Ferrari in January 2016.
The company has being doing well across most metrics in recent years. In its full year 2017 results, Fiat Chrysler reported adjusted EBIT up 16% to €7.1 billion. Adjusted net profit was up 50% to €3.8 billion.
The Fiat Chrysler share price has seen lots of action, quadrupling from under €5 in 2014 to almost €20 in January 2018. It then slipped back a little, but at the end of March 2018 the shares were still trading at around €16.50. To find out how the shares are doing right now, follow Capital.com. Our FCA chart puts all the information at your fingertips.
Where does Fiat Chrysler Automobiles operate?
Fiat Chrysler Automobiles is headquartered in London. The company organises its activities in four regional operating segments – NAFTA (United States, Canada, Mexico and the Caribbean islands); LATAM (Brazil, Argentina and Venezuela); APAC (Asia Pacific, with key operations in China, India, Japan, Australia and South Korea); and EMEA (Europe, the Middle East and Africa). As of March 2018, Fiat Chrysler Automobiles had some 236,000 employees.
Where is Fiat Chrysler Automobiles traded?
Fiat Chrysler shares are traded under the symbol FCA on the Borsa Italiana in Milan, and under the symbol FCAU on the New York Stock Exchange (NYSE). Check out Capital.com for the latest FCA chart. We’ll keep you up to date and in the picture.