Fiat Chrysler sees U.S. pickup trucks hauling profits in rest of 2019 GlobeBusiness
Fiat Chrysler Automobiles NV said on Friday that new U.S. pickup truck models would help the automaker achieve its 2019 profit targets and offset a weak performance in the first quarter.Nearly all – 98 per cent – of the Italo-American automaker’s first-quarter profit was powered by its Ram pickup truck. FCA’s U.S. sales were down 3.1 per cent in the quarter, but Ram sales were up more than 20 per cent and outsold rival General Motor Co’s Chevrolet Silverado.
FCA expects new models such as the Jeep Gladiator pickup truck and all-new Ram heavy-duty trucks to help it meet full-year targets. The car maker has pledged to spend 5 billion euros on new models and engines in Italy over the next three years to better use factories, plus boost jobs and margins in Europe.Asked about potential partnerships, Manley said he expected the next two to three years to yield “significant opportunities” and FCA to play an “active role” in that environment.
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