North America’s SUV & pick-up truck fever seems relentless, much to the benefit of FCA’s Ram and Jeep brands, which drove the NA division to a record adjusted EBIT in Q3. The outsized Q2 cash burn has also been fully reversed -and then some- with a €6.7bn-strong industrial FCF at the close of September. With production nearly back to normal in Europe and NA, and the reinstatement of the adjusted EBIT guidance, FCA’s FY20 prospects are looking up.
29 Oct 2020
A remarkable Q3 in North America raises FY expectations
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A remarkable Q3 in North America raises FY expectations
North America’s SUV & pick-up truck fever seems relentless, much to the benefit of FCA’s Ram and Jeep brands, which drove the NA division to a record adjusted EBIT in Q3. The outsized Q2 cash burn has also been fully reversed -and then some- with a €6.7bn-strong industrial FCF at the close of September. With production nearly back to normal in Europe and NA, and the reinstatement of the adjusted EBIT guidance, FCA’s FY20 prospects are looking up.