MILAN/DETROIT: 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 percent - 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 percent in the quarter, but Ram sales were up more than 20 percent and outsold rival General Motor Co's Chevrolet Silverado.
"The question is whether the strong performance by Ram is going to be enough to give FCA a push moving forward," Krebs said. Chief Executive Mike Manley told analysts on a conference call most of the profit improvement would come in the second half of 2019. The carmaker 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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