FCA Mencatat Kerugian Besar USD1.23 Bilion

Tidak perlu risau kerana mereka mempunyai dana yang cukup untuk kembali sihat.

Fiat Chrysler Automobiles (FCA) baru sahaja mencatatkan kerugian operasi yang agak kecil berbanding yang dijangkakan pada suku kedua, kerana keuntungan kecil di Amerika Utara membantu menghadkan kerugian yang disebabkan oleh pandemik COVID-19.

Hanya beberapa minggu yang lalu mereka mengumumkan pengusaha sama baharu, Stellantis, konglomerat automotif Itali-Amerika ini tidak menunjukkan tanda-tanda untuk perlahan ketika mereka berada di kedudukan keempat pengeluar kereta di peringkat global.

FCA FCHA.MI, FCAU.N mengatakan pada hari Jumaat bahawa mereka membuat kerugian disesuaikan sebelum faedah dan cukai sebanyak 928 juta euro (USD1.10 bilion) pada bulan April-Jun, berbanding ramalan kerugian 1.87-bilion-euro dalam tinjauan penganalisis yang dianjur Reuters.

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The group also said it made adjusted earnings before interest and tax of 39 million euros in North America, the home market of its Jeep and Ram brands, in the quarter.

Milan-listed FCA shares were up 1.2 per cent at 1125 GMT, after being little changed before the results.

Chief Executive Mike Manley said the group’s plants were up and running and car dealers were selling in showrooms and online, following disruptions caused by the pandemic.

“We have the flexibility and financial strength to push ahead with our plans,” he said in a statement.

“Our second quarter showed that decisive actions and extraordinary contributions from our workforce enabled FCA to contain the impact of the COVID-19 crisis,” continued CEO Mike Manley.

“Our factories are up and running, dealers are selling in showrooms and online and we have the flexibility and financial strength to push ahead with our plans,” he said.

Revenue at FCA, whose brands include Fiat, Chrysler, Jeep, Maserati, Alfa Romeo, Dodge and Ram, plunged 56 per cent to 11.7 billion euros, less than the 14 billion euros that analysts earlier predicted.

From April to June, FCA shipped 424,000 vehicles worldwide, down 63 per cent from the same period last year.

FCA is due to merge with France’s PSA and the company said on Friday that “the COVID-19 crisis has further underlined the compelling logic” of the merger.

“Work by both teams towards the completion of the merger has continued apace and we expect to meet the objective of combining as a single company by the end of the first quarter 2021,” FCA said.

FCA, which is set to tie-up with Peugeot maker PSA PEUP.PA to create Stellantis, the world’s fourth largest carmaker, said on ongoing probe launched by European Commission competition authorities was not expected to delay the merger timetable.

Despite the pandemic, PSA earlier this week delivered a profit in the first half of the year and stuck to its medium-term margin goal.

FCA said its industrial free cash flow was minus 4.9 billion euros in the second quarter, with a slightly lower cash burn compared with January-March.