Should You Invest in Fiat Chrysler? – CWEB.com
By: Leslie Cohen
The Chrysler Fiat Chrysler (FCAU) name isn’t as popular with consumers in the United States as it once was many years ago. Chrysler offers the 300 model which is a boxy luxury type sedan that will likely erode into the dust and the Pacific minivan which consumers can also purchase as a plug-in hybrid.
One of the most popular brands in the United States is Jeep and the pickup truck Ram that was a spinoff from Dodge in 2009. Alfa Romeo and Maserati luxury and performance vehicles have been a bit late in joining the global SUV and crossovers vehicle market compared to its competitors.
Dodge is known for cars and SUVs with powerful engines. These vehicles covet many loyal customers for the Dodge Challenger. The Durango SUV and Charger sedan saw sales decline 15% and 9%, respectively, from a year ago from June 2018.
|Model||May 2018 sales||Change vs. May 2017||Year-to-date sales||Change vs. 2017|
FIAT CHRYSLER AUTOMOBILES. YEAR TO DATE SALES ARE THROUGH MAY; COMPARISON IS TO THE SAME PERIOD IN 2017.
Fiat Chrysler shares hit a high of 20.15 euros past Friday, June 8th, 2018 closing down to 18.33 euros. Fiat Chrysler Shares are still up 95% for the past year. Fiat Chrysler is looking to triple its profits by the year 2022 by investing in electric vehicles and focusing on the Maserati, Alfa Romeo and Jeep Fiat Chrysler shares high of 20.15 euros past Friday closing down to 18.33 Fiat Chrysler Shares are still up 95% for the past year. Fiat Chrysler is looking to triple its profits by the year 2022 by investing in electric vehicles and focusing on Ram trucks Maserati Alfa Romeo and Jeep.
CEO Sergio Marchionne is stepping down next year, and there is no word on who will replace him. Investors are worried that the departure of Sergio Marchionne could cause trouble for the company, just like when Alan Mulally former President and Chief Executive Officer of the Ford Motor Company stepped down, the company did not fare as well. Marchionne speaking at Fiat Chrysler’s Capital Markets Day in Italy actually wore a tie to the meeting, something that the media has not seen on him since 2007. Marchionne is known for his outspoken and brazen remarks. While Marchionne speaking at Fiat Chrysler’s Capital conference laid out some impressive plans, the future is uncertain when a new CEO takes over. Marchionne is credited in saving Fiat SpA from bankruptcy in the mid-2000s and rescued Chrysler five years later.
Let’s not forget Marchionne legacy of leading Fiat Chrysler’s 14-year turnaround.