FCA : Better-than-expected earnings, confirming FCA’s strengths
>Q2 results better than expected, few revisions in prospect - With most European OEMs having already reported their earnings, expectations for FCA’s Q2 2020 earnings were low. The main focus was on the group’s financial situation, the outlook and potential comments on the terms of the merger with PSA. On the first point, the OEM produced a positive surprise with much-better-than-expected resilience in Q2 (loss 50% smaller than expected, cash burn of “just†€ 4.9bn vs ...Fiat Chrysler Automobiles is a holding company. Through its subsidiaries, Co. is an international automotive group engaged in designing, engineering, manufacturing, distributing and selling vehicles, components and production systems. Co. has operations in approx. 40 countries and sells its vehicles directly or through distributors and dealers in more than 140 countries. Co. designs, engineers, manufactures, distributes and sells vehicles for the mass market under the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands and the SRT performance vehicle designation.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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