Bernie's Feed
Jan 29, 2015

Ford results highlight pressure on profit margins

Jan 29 (Reuters) – Ford Motor Co has two big
challenges in 2015 – narrowing its loss in Europe where it
trails key rivals, and rebuilding North American margins which
drive overall profits.

Ford reported fourth-quarter results Thursday and lowered
its 2015 forecast for Europe, saying it will not lose as much as
the $1 billion it lost last year.

Jan 29, 2015

Ford profit beats estimates, but European outlook worsens

DETROIT, Jan 29 (Reuters) – Ford Motor Co on Thursday
said it would keep relying on North America for its profit this
year as the No. 2 U.S. automaker signaled that losses in Europe
would be more than previously forecast.

Ford had previously estimated losses from Europe at about
$250 million in 2015. On Thursday, however, it backed away from
that forecast, saying the loss would narrow from $1 billion in
2014 but would be wider than previously thought.

Jan 28, 2015

Fiat Chrysler no longer ‘bleeding’ in Europe, but challenges remain

MILAN/DETROIT, Jan 28 (Reuters) – Fiat Chrysler Automobiles
expects to turn profits in all regions this
year, but faces pressure to rev up its North American profit
engine to fund an ambitious overhaul of its Alfa Romeo and
Maserati brands.

For the first time since 2007, the company turned a profit
in Europe in the fourth quarter. The company’s strategy of
retooling idled factories in Italy to export the Jeep Renegade
small sport utility and other vehicles to the United States is
getting a lift from the slump of the euro against the dollar.

Jan 23, 2015

Ford takes $800 mln charge on Venezuelan currency woes

Jan 23 (Reuters) – Ford Motor Co said on Friday it was
taking a charge related to its Venezuelan operations that will
cut fourth-quarter net profit by $700 million, as companies
scramble to shield their bottom lines from the country’s
volatile currency.

For more than a year Ford has said its ability to get auto
parts for its operations in Venezuela have been hampered by the
valuation of the Venezuelan bolivar, and made the accounting
change effective Dec. 31.

Jan 12, 2015

Fiat Chrysler wants to collaborate with others on new vehicles -CEO

DETROIT, Jan 12 (Reuters) – Fiat Chrysler Automobiles
Chief Executive Sergio Marchionne said his
company is in talks with other automakers to share the costs of
developing new vehicles and technology, particularly to cut
greenhouse gas emissions, and called on the United States to
ease fuel economy targets for 2025.

“I think (automakers’) costs … (are) well in excess of
what I consider a mature industry to be able to afford,”
Marchionne told reporters at the Detroit auto show on Monday.

Jan 6, 2015

Jeep meets goal of 1 million in 2014 sales, led by U.S.

DETROIT (Reuters) – Jeep, the SUV brand that is key to Fiat Chrysler Automobiles’ (FCAU.N: Quote, Profile, Research, Stock Buzz) (FCHA.MI: Quote, Profile, Research, Stock Buzz) global expansion plans, narrowly met its goal of selling one million vehicles in 2014, the Jeep brand chief said on Tuesday.

Jeep’s worldwide sales were 1,017,019 last year, up 39 percent from 2013 and a record for the brand.

Jan 5, 2015

BMW retakes U.S. luxury auto sales crown from Mercedes-Benz

DETROIT (Reuters) – BMW (BMWG.DE: Quote, Profile, Research, Stock Buzz) on Monday regained bragging rights as the top-selling luxury brand in the United States, ending the one-year reign of German rival Mercedes.

BMW ended with a lead last year of more than 9,000 vehicles over Mercedes-Benz, which in 2013 seized a title BMW had held for the previous two years.

Jan 5, 2015

Fiat Chrysler U.S. December auto sales up 20 percent, lag expectations

DETROIT (Reuters) – Fiat Chrysler Automobiles (FCAU.N: Quote, Profile, Research, Stock Buzz) (FCHA.MI: Quote, Profile, Research, Stock Buzz) said its U.S. sales rose 20 percent on strong Jeep SUV and pickup truck sales but still missed expectations of analysts.

FCA’s sales of 193,261 for the month were the highest for the company once known as Chrysler since 2006. Analysts polled by Reuters had expected FCA’s sales to be about 196,500 vehicles.

Jan 5, 2015

Fiat Chrysler U.S. Dec auto sales up 20 pct, lag expectations

DETROIT, Jan 5 (Reuters) – Fiat Chrysler Automobiles
said its U.S. sales rose 20 percent on strong
Jeep SUV and pickup truck sales but still missed expectations of
analysts.

FCA’s sales of 193,261 for the month were the highest for
the company once known as Chrysler since 2006. Analysts polled
by Reuters had expected FCA’s sales to be about 196,500
vehicles.

Dec 22, 2014

BMW expands Takata air bag recall to nationwide U.S.

DETROIT (Reuters) – BMW on Monday said it has
expanded a U.S. regional recall for certain vehicles with
driver-side air bag inflators made by Takata Corp to
cover the entire country, following the lead of four rivals that
have taken similar steps.

The National Highway Traffic Safety Administration has urged
the carmakers to broaden the recall beyond a limited area with
high humidity and they have gradually followed suit.