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Fiat Chrysler Projects Major Boost in U.S. Market ShareBack

FiatChryslerFiat Chrysler Automobiles [Tuesday] projected that it will have roughly the same U.S. market share in 2018 as Ford Motor Co. had last year and that its global sales would grow more than twice as fast as the rest of the industry. The company said it expects to sell 7 million vehicles globally in 2018, 59 percent more than it sold in 2013, and that net income would reach about 5 billion euros ($7 billion). The forecast calls for revenue to rise 52 percent to 132 billion euros ($183.9 billion), with more than half of the revenue continuing to come from North America. The projections represent annual growth rates averaging 10 percent for sales and 9 percent for revenue.

Source: Automotive News

Posted by Sue Robinson on 09/05/2014