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FCA Still Deciding on Midsize Ram Pickup Truck

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Feb 7, 2019 2:45 PM 2+ mon ago

FCA Still Deciding on Midsize Ram Pickup Truck

Home / News / FCA Still Deciding on Midsize Ram Pickup Truck

Fiat Chrysler has released its full-year financial results for 2018. Although the results were positive, some analysts are worried FCA won't achieve the ambitious goals that the late Sergio Marchionne set for the company for 2020.

Last year, FCA achieved an adjusted earnings before interest and tax (EBIT) of 6.7 billion euros ($7.6 billion), up 2 percent. This year, it once again predicts an adjusted EBIT of 6.7 billion euros. FCA had promised to achieve 9.2-10.4 billion euros in 2020.

"I wouldn't put 2020 out of the picture. It's something that's still very much there," FCA CEO Mike Manley said on the monthly earnings call, reports Reuters. He added that the upcoming Jeep Gladiator and Ram heavy-duty will help boost sales. Net profit increased 1 percent, while net revenue jumped 4 percent last year.

The automaker suffered from a weakening ...

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