FCA led in sales and volume losses among the European OEMs during H1. Operating performance also suffered significantly across most regions, though safe for North America, where a better than expected recovery in customer demand led to a positive EBIT surprise. For H2, FCA is once again banking on its North American strength to drive results, while Europe embarks on a more gradual recovery and Latin America remains deeply troubled.
03 Aug 2020
Stronger than expected North America will drive H2 recovery
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Stronger than expected North America will drive H2 recovery
Stellantis N.V. (STLA:WBO) | 0 0 0.3% | Mkt Cap: 34,343m
- Published:
03 Aug 2020 -
Author:
Jorge Velandia -
Pages:
3
FCA led in sales and volume losses among the European OEMs during H1. Operating performance also suffered significantly across most regions, though safe for North America, where a better than expected recovery in customer demand led to a positive EBIT surprise. For H2, FCA is once again banking on its North American strength to drive results, while Europe embarks on a more gradual recovery and Latin America remains deeply troubled.