Chrysler makes profits but Fiat losses

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Chrysler makes profits but Fiat losses
-Fiat-Chrysler Group has presented its quarterly results this week: with the Chrysler Group, which it acquired nearly 60% since 2009, the Italian manufacturer has almost doubled its profit to 362 million euros in the third quarter of 2012 compared to the same period in 2011. But without the U.S. group, it posted a loss of 230 million euros.
-If Chrysler is in good shape, Fiat is pretty bad. Its turnover in nine months fell by 6%, while Chrysler has progressed well. The results remind  the situation of General Motors and Ford that record profits in North America, but losses in Europe.

 

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Overview of the three manufacturers GM, Ford, Chrysler-Fiat

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Overview of the three manufacturers GM, Ford, Chrysler-Fiat

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Land Rover plans to produce 600,000 vehicles a year by 2020

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Land Rover plans to produce 600,000 vehicles a year by 2020

- Land Rover plans to expand its plants in Solihull and Halewood and strengthen its position in China and India, to occupy about 3% of the global off-road recreation market.
- The manufacturer plans to double its production in the UK by the end of the decade (from 300 000 to 600 000 units per year).
- It plans to invest 10 billion pounds (12.5 billion euros) over the next five years in order to offer sixteen different models (Range Rover six, five Discovery / Freelander and Defender five).

 

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Renault will produce all its utility vehicles in France from 2013

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Renault will produce all its utility vehicles in France from 2013

- From 2013, Renault will produce all its utility vehicles in France.
- Traffic is currently manufactured in Spain (Barcelona) and the UK (Luton).
From 2013, it will  be again assembled in France, but this time at Sandouville plant (by the side of  Opel Vivaro) and not any more at  Batilly plant.
- Currently, only two utility models are produced in France: Kangoo(by the side of Mercedes Citan) in the MCA plant in Maubeuge and Master (by the side of Opel Movano) in the Batilly plant.

 

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Ford is making a profit in North America but losses in Europe

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Ford is making a profit in North America but losses in Europe

-Ford has announced a net profit of $ 1.6 billion and a turnover of $ 32.1 billion (-1%) in the third quarter. Automotive operations have generated an operating profit of $ 1.8 billion, up 33% year on year.

-These results are mainly generated by its operations in North America, where Ford has heavily restructured its operations in recent years. Ford  records there an operating profit of $ 2.3 billion, representing a margin of 12% for this region sales, the highest since 2000.
-Finally, in Europe, Ford digs his loss to $ 468 million, against $ 300 million a year earlier. 
In the first nine months, Ford recorded a loss of $ 1 billion in Europe with a negative operating margin of 5%. Ford expects to lose a total of $ 1.5 billion this year in Europe, a figure very close to that provided by GM for their own European branch.
-To reduce its losses and return to profitable growth, Ford announced last week the imminent closure of three factories in Belgium and the United Kingdom. This restructuring process affects 6200 employees, which represent 13% of its workforce in Europe.

 

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  1. Chery plans to produce cars in Brazil from the end of 2013
  2. Fiat is reorganizing its brands
  3. Maserati unveils new Quattroporte
  4. Status of USA market in 2012
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