FCA US reports 2014 adjusted net income of $2.4 billion - Dodge Nitro Forum
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post #1 of 3 (permalink) Old 02-03-2015, 09:01 AM Thread Starter
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Smile FCA US reports 2014 adjusted net income of $2.4 billion

FCA US (FORMERLY CHRYSLER GROUP) REPORTS 2014 ADJUSTED NET INCOME OF $2.4 BILLION, UP 31 PERCENT FROM A YEAR AGO; NET INCOME WAS $1.2 BILLION
FULL-YEAR MODIFIED OPERATING PROFIT GREW 10 PERCENT TO $3.5 BILLION

FREE CASH FLOW FOR THE YEAR GREW 57 PERCENT TO $3.3 BILLION


FCA US full-year 2014 net income was $1.2 billion, including $1.2 billion of unfavorable effects from infrequent items; full-year 2013 net income was $2.8 billion, including net favorable effects from infrequent items totaling $938 million
Adjusted net income(a) for the year increased 31 percent to $2.4 billion, from $1.8 billion in 2013
Net revenues for the year were $83.1 billion, up 15 percent from a year ago
Modified operating profit(b) grew 10 percent to $3.5 billion for the year, from $3.2 billion a year earlier
Free cash flow(e) for the year was $3.3 billion, compared with $2.1 billion a year ago
Cash(d) as of Dec. 31, 2014, was $14.5 billion, up from $13.3 billion at Dec. 31, 2013
Net industrial cash(f) at the end of the year was $1.8 billion, compared with $1 billion at the end of 2013
Worldwide shipments were 2.9 million vehicles for the year, up 12 percent from 2.6 million vehicles a year ago
Worldwide sales for the year were 2.8 million vehicles, up 15 percent from 2.4 million vehicles a year ago
U.S. market share was 12.4 percent for the year, up from 11.4 percent a year ago; market share in Canada was 15.4 percent for the year, up from 14.6 percent a year ago


February 3, 2015 , Auburn Hills, Mich. -



FCA US LLC, formerly Chrysler Group LLC, today reported preliminary full-year 2014 net income of $1.2 billion, including $1.2 billion of unfavorable infrequent items.

The result compares with net income of $2.8 billion in 2013, when the Company realized a net favorable effect from infrequent items, including a benefit of $962 million related to the release of valuation allowances on deferred tax assets.

Adjusted net income for 2014 was $2.4 billion, up 31 percent from $1.8 billion in 2013. For 2014, adjusted net income excludes a $504 million loss on extinguishment of debt related to the prepayment of a note held by the UAW Retiree Medical Benefits Trust (VEBA Trust Note) and a $672 million charge for commitments associated with the January 2014 memorandum of understanding signed with the UAW.

Net revenues were $83.1 billion for the year, up 15 percent from $72.1 billion in 2013. The year-over-year improvement was driven by increased shipments of vehicles such as the Jeep Cherokee and Ram pickups.

To read the full financial results release, please click on the pdf to the right.

About FCA US LLC
FCA US LLC is a North American automaker with a new name and a long history. Headquartered in Auburn Hills, Michigan, FCA US is a member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. FCA US designs, engineers, manufactures and sells vehicles under the Chrysler, Jeep, Dodge, Ram and FIAT brands as well as the SRT performance vehicle designation. The company also distributes the Alfa Romeo 4C model and Mopar products. FCA US is building upon the historic foundations of Chrysler, the innovative American automaker first established by Walter P. Chrysler in 1925; and Fiat, founded in Italy in 1899 by pioneering entrepreneurs, including Giovanni Agnelli.

FCA, the seventh-largest automaker in the world based on total annual vehicle sales, is an international automotive group. FCA is listed on the New York Stock Exchange under the symbol “FCAU" and on the Mercato Telematico Azionario under the symbol “FCA.”

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post #2 of 3 (permalink) Old 02-03-2015, 10:25 AM Thread Starter
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Fiat Chrysler has $1.2B profit; UAW profit sharing up



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The automaker’s modified operating profit also increased 10 percent to $3.5 billion in 2014, meaning hourly United Auto Workers members who work for the automaker will get up to $2,750 in profit-sharing checks, up $250 from 2013.

The amount is the highest under the union’s current four-year contract, but far less than workers at crosstown rivals General Motors Co. and Ford Motor Co. Ford workers will receive an average of $6,900 for 2014. GM workers will find out their profit-sharing amounts on Wednesday.

Last year, Ford hourly workers received up to $8,800, GM employees received up to $7,500 and FCA workers received up to $2,500 (with another $1,000 if plant targets were met). Check amounts likely will be down for GM by more than $1,000.

FCA US workers get $1 for every $1 million in profits, based on 85 percent of worldwide operating profit of the company. That percentage represents North American operations for the company.


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post #3 of 3 (permalink) Old 02-03-2015, 10:52 AM Thread Starter
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Chrysler Canada Starts the Year Strong

Chrysler Canada Starts the Year Strong

62 consecutive months of year-over-year sales growth – longest growth streak in Company’s history

18,054 vehicles sold; an increase of 2 per cent over January 2014 sales

January sales records set for Chrysler 200, Jeep Cherokee, Jeep Wrangler, Ram Truck

January sales records set for Ram and Jeep brands


February 3, 2015 , Windsor, Ontario -

Chrysler Canada today announced its 62nd consecutive month of year-over-year sales growth, representing the longest sales streak in the Company’s history. January 2015 sales were 18,054 compared with 17,698 in January 2014, which represents a 2 per cent increase.

“Our strong product portfolio has helped us achieve an unprecedented 62 consecutive months of year over year sales growth,” said Dave Buckingham, Chief Operating Officer, Chrysler Canada. “Strong sales for Jeep brand, Ram brand, and minivans continue to be the key determinant in our success.”

Sales Highlights:

The Chrysler 200 is the most affordable mid-size car in Canada, with best-in-class horsepower, the most technically advanced all-wheel-drive system in its class and more advanced safety features than any other vehicle in the category. In January 2015, there were 676 Chrysler 200 sedans sold, marking an increase of 7 per cent over 633 sold in January 2014. These results earn the Chrysler 200 a January sales record.

The Jeep Brand set a phenomenal all-time worldwide record in 2014 with sales exceeding one million units. 2014 represented the third consecutive year of all-time sales records for the brand. In Canada, Jeep brand sales were up more than 50 per cent for the 2014 calendar year. That strong momentum continues for the Jeep brand as 2015 gets underway with a January sales record of 4,003, compared with 3,507 sold in January of 2014. These results represent a 14 per cent increase. Leading the charge is Jeep Wrangler with 1,183 units sold in January 2015, up 46 per cent from 809 sold in January 2014. Next is Jeep Cherokee, with 1,403 copies sold in January 2015, up 7 per cent from 1,310 sold in January 2014. Both of these Jeep products set monthly sales records in January.

January 2015 represented the 26th consecutive month of year-over-year sales growth for the Ram brand with 6,517 sales, marking an increase of 10 per cent over 5,923 units sold in January 2014. These results represent a monthly sales record for the brand. Looking specifically at Ram pickup truck sales within the full Ram brand line-up, there were 5,810 sold in January 2015, compared with 5,433 trucks sold in January 2014. These results represent a 7 per cent increase and mark a January sales record.

The made-in Windsor Dodge Grand Caravan and Chrysler Town & Country minivans remain favourites for Canadian consumers. With their flexible seating and storage capabilities, best-in-class horsepower and towing capabilities and more awards received than any other minivan on the planet, Dodge and Chrysler minivans continue to dominate the segment. In January 2015, 4,309 Dodge and Chrysler Minivans were sold, up 33 per cent from 3,242 sold in January 2014.

Sales Charts

January January 2015 January 2014 % Change
Total Volume 18,054 17,698 2%

Model Highlights January 2015 January 2014 % Change
Ram Pickup 5,810 5,433 7% Record January Sales
Jeep Cherokee 1,403 1,310 7% Record January Sales
Jeep Wrangler 1,183 809 46% Record January Sales
Chrysler 200 Sedan 676 633 7% Record January Sales
Ram Brand 6,517 5,923 10% Record January Sales
Jeep Brand 4,003 3,507 14% Record January Sales
Dodge & Chrysler Minivans 4,309 3,242 33%

About Chrysler Canada

Founded as the Chrysler Corporation in 1925, Chrysler Canada Inc. is based in Windsor, Ontario, and celebrates its 90th anniversary in 2015. Chrysler Canada is a wholly owned subsidiary of FCA US LLC, a member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. Chrysler Canada has approximately 440 dealers and markets Chrysler, Jeep, Dodge, Ram and FIAT brands as well as the SRT performance vehicle designation. The company also distributes the Alfa Romeo 4C model and Mopar products. In addition to its assembly facilities, which produce the Chrysler Town & Country, Dodge Grand Caravan (Windsor), Chrysler 300, Dodge Charger and Dodge Challenger (Brampton), Chrysler Canada operates an aluminum casting plant in Etobicoke, a research and development center in Windsor, and has sales offices and parts distribution centers throughout the country. FCA, the seventh-largest automaker in the world based on total annual vehicle sales, is an international automotive group. FCA is listed on the New York Stock Exchange under the symbol “FCAU” and on the Mercato Telematico Azionario under the symbol “FCA.”

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