Adjusted earnings (before interest and taxes) rose by 58 percent to 557 million euros (~$607 million USD) during the three-month period ending in June, while net revenues increased by 25 percent to 29.2 billion euros (~$31.8 billion USD).
The automaker’s overall performance continues to benefit from the Jeep brand, which experienced a 27-percent surge in global deliveries compared to the same quarter last year.
Deliveries across all brands in North America rose by eight percent, helping offset a 32-percent decline in Latin America. The company posted an adjusted loss of 144 million euros (~$157 million USD) in the latter region, mostly due to economic weakness and declining market share in Brazil, though the numbers also reflect costs associated with opening a factory in Pernambuco.
Adjusted EBIT for FCA’s Ferrari division was up by 18 percent to 124 million euros (~$135 million USD) as the company edges closer to the luxury sports-car marque’s initial public offering. FCA chief Sergio Marchionne has said that he expects the spinoff to be worth more than 10 billion euros (~$10.9 billion USD).
FCA expects global shipments to reach 4.8 million units for the full year, with net revenues surpassing 110 billion euros (~$120 billion USD).
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