Fiat continues integration process with Chrysler
Fiat-Chrysler targets sales of 4.1-4.4M units in 2012; plans production facility in Russia
2012/05/01
- Summary
- Fiat increases its interest in Chrysler to 58.5%
- Fiat-Chrysler Group's plans for new model launches by region
- FGA's 2011 sales drops 2.4% to 2,033K units with its poor performance in Europe
- Fiat signs a new labor agreement at all its plants in Italy
- Fiat's activities in emerging markets
- 2011 Fiat-Chrysler Group revenue increases 66% to 59,560 million Euro
- (Reference) Fiat-Chrysler Group's passenger car sales by model in Europe
Summary
Fiat has proceeded with its integration process with Chrysler, and in January 2012, the automaker increased its interest in Chrysler to 58.5% after meeting the requirements set by the U.S. government in order to increase its ownership stake.
Fiat-Chrysler Group's annual sales volume for 2011 was 4 million units (including 12 month of Chrysler) while Fiat, excluding Chrysler, sold 2.033 million units. 2011 consolidated net sales for Fiat-Chrysler was 59,560 million Euro, up 66.0% from last year, with Chrysler's performance combined from June 2011. The group's trading profit was 2,392 million Euro, which was a 2.2 times increase from the previous year. The report suggests that Chrysler's good performance had covered for Fiat's drop in profit due to decreased sales in Europe.
Fiat expressed its performance outlook in terms of ranges because of the uncertain economic activities in near term in the eurozone. Fiat-Chrysler estimates between 4.1 to 4.4 million for its unit sales, over 77 billion Euro for its consolidated revenues, and between 3.8 to 4.5 billion for its consolidated trading profit (announced in February 2012).
This report will outline Fiat-Chrysler Group's recent activities as well as the performance, new model plans, and emerging market businesses for Fiat Group Automobile (FGA) , Fiat's passenger car/light commercial vehicle division.
Related Reports:
Fiat-Chrysler Group in China (1) (Jan. 2011), (2) (Feb. 2012)
Detroit Auto Show 2012 (2) : US OEMs (Feb. 2012)
IAA - Frankfurt Motor Show 2011 (2): PSA, Renault, Fiat, and Hyundai/Kia (Nov. 2011)
Fiat-Chrysler Group: Unit sales by region (including 12 month of Chrysler) |
| (Millions of units) |
| Europe, Middle East & Africa |
NAFTA | Latin America | Asia-Pacific | Total | |
|---|---|---|---|---|---|
| FY 2011 | 1.2 | 1.8 | 0.9 | 0.1 | 4.0 |
| FY 2012 E | 1.1-1.3 | ~2.0 | 0.9-1.0 | ~0.1 | 4.1-4.4 |
Source: Fiat Q4 & FY 2011 Results Review
Note: Excludes joint ventures.
Fiat-Chrysler Group highlights by region
| Employees | Plants | R&D Centers | Revenues (million Euro) |
|||||
|---|---|---|---|---|---|---|---|---|
| 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | 2010 | 2011 | |
| Italy | 63,214 | 62,583 | 44 | 46 | 30 | 38 | 9,782 | 9,258 |
| Europe (excluding Italy) | 24,616 | 21,746 | 29 | 31 | 13 | 13 | 11,857 | 12,363 |
| NAFTA | 5,579 | 60,336 | 11 | 58 | 5 | 16 | 1,270 | 21,423 |
| Mercosur | 39,498 | 44,668 | 18 | 19 | 5 | 5 | 10,027 | 11,298 |
| Other regions | 4,894 | 7,688 | 11 | 12 | 5 | 5 | 2,944 | 5,217 |
| Total | 137,801 | 197,021 | 113 | 166 | 58 | 77 | 35,880 | 59,559 |
Source: Fiat 2011 Annual Report
Note: Includes Chrysler from June 2011. The figures for all the other items in this table are from year-end data.
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