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 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.