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(BBC)   Italian accountants blame Chrysler's $166M PROFIT for lowering Fiat's "profit" to $166M   (bbc.co.uk) divider line 24
    More: Stupid, Chrysler, Fiat, Italians, account of profits, Jeep Liberty, Sergio Marchionne  
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2145 clicks; posted to Business » on 29 Apr 2013 at 4:58 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



24 Comments   (+0 »)
   
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2013-04-29 03:07:49 PM  
It looks like a late 90's Jeep with a early 2000's Dodge front end.
 
2013-04-29 03:17:06 PM  
Well at least they're ceasing production of the POS Liberty.
 
2013-04-29 03:59:03 PM  
This seems dodgy
 
2013-04-29 04:56:16 PM  
Just like a woman would take cash out of your wallet and then be all mad that you're broke...

i.imgur.com
 
2013-04-29 05:09:13 PM  
As long as Chrysler doesn't go "so bland, only a terrorist would love it" globalcar like Ford, or sell out to the Far East like various parts of General Motors, they should do fine.
 
2013-04-29 05:15:00 PM  
The company, 58%-owned by Fiat, earned $166m (£107m) in the January to March period

If Fiat only owns 58% of Chrysler, they can only book 58% of that $166m as its own profits, assuming the accounting rules aren't too different over there.  Plus the "blame" would rest on whatever investments they put on retooling or reorganizing Chrysler.
 
2013-04-29 06:28:13 PM  
Or, another way to put it is that 100% of Fiat's profits came from Chrysler.
 
2013-04-29 06:41:01 PM  
You know what Fiat stands for right?

Fabbrica Italiana Automobili Torino . Yup. That's it. Now you know, Tony.
 
2013-04-29 06:44:28 PM  

Mrbogey: You know what Fiat stands for right?

Fabbrica Italiana Automobili Torino . Yup. That's it. Now you know, Tony.


Fix it again tony?
 
2013-04-29 07:41:12 PM  

cirby: Or, another way to put it is that 100% of Fiat's profits came from Chrysler.


Bingo. Sergio Marchionne is either a genius or extremely lucky. My guess is a little bit of both. Chrysler is keeping FIAT afloat. And where Renault and Peugeot have the French government to basically prop it up, my guess is that the Italian government would be a lot more apprehensive to prop up FIAT.
 
2013-04-29 08:49:35 PM  
justinguarini4ever:
Bingo. Sergio Marchionne is either a genius or extremely lucky. My guess is a little bit of both.

I had the... privilege... to work with the Chrysler team on something a year or so ago.

Not so much 1), an improbable amount of 2). Or if any of 1), then they hide it very, very well.
 
2013-04-29 09:52:08 PM  

cirby: justinguarini4ever:
Bingo. Sergio Marchionne is either a genius or extremely lucky. My guess is a little bit of both.

I had the... privilege... to work with the Chrysler team on something a year or so ago.

Not so much 1), an improbable amount of 2). Or if any of 1), then they hide it very, very well.


Considering the absolute victimizing Chrysler went through from Daihlmer I still hope they do well.
 
2013-04-29 10:02:41 PM  

sethstorm: As long as Chrysler doesn't go "so bland, only a terrorist would love it" globalcar like Ford, or sell out to the Far East like various parts of General Motors, they should do fine.


and with the globalcar strategy in full execution, Ford is the most profitable it has ever been, with nearly 5 times the net profit margin of Chrysler.
 
2013-04-30 05:13:16 AM  

dumbobruni: Ford is the most profitable it has ever been, with nearly 5 times the net profit margin of Chrysler.


Bigger company is big.
 
2013-04-30 06:45:40 AM  

hitmanric: cirby: justinguarini4ever:
Bingo. Sergio Marchionne is either a genius or extremely lucky. My guess is a little bit of both.

I had the... privilege... to work with the Chrysler team on something a year or so ago.

Not so much 1), an improbable amount of 2). Or if any of 1), then they hide it very, very well.

Considering the absolute victimizing Chrysler went through from Daihlmer I still hope they do well.


So do I. If they don't, then I might lose my job.

/working for a supplier
//I work at the Chrysler Belvedere (IL) assembly plant
///and I love my job
 
2013-04-30 07:45:56 AM  

twat_waffle: /working for a supplier
//I work at the Chrysler Belvedere (IL) assembly plant
///and I love my job


My 96 Neon was built there I think. It's still running.
 
2013-04-30 08:55:34 AM  

Kurmudgeon: dumbobruni: Ford is the most profitable it has ever been, with nearly 5 times the net profit margin of Chrysler.

Bigger company is big.


if I had said "overall profits are five times higher" you would be correct.

but you are not.
 
2013-04-30 09:25:50 AM  

justinguarini4ever: the Italian government would be a lot more apprehensive to prop up FIAT.


Why?  They did it for decades.  Gianni wasn't a great car-maker; he was great at structuring deals, including government support from several European nations.
 
2013-04-30 09:45:51 AM  

justinguarini4ever: cirby: Or, another way to put it is that 100% of Fiat's profits came from Chrysler.

Bingo. Sergio Marchionne is either a genius or extremely lucky. My guess is a little bit of both. Chrysler is keeping FIAT afloat. And where Renault and Peugeot have the French government to basically prop it up, my guess is that the Italian government would be a lot more apprehensive to prop up FIAT.


Wrong.  If Chrysler booked a $166 million profit, and Fiat owns 58% of Chrysler, then Fiat gets 58% of Chrysler's profits.  It's just a coincidence that the rest of Fiat produced as much profit as the part of Chrysler owned by other investors.
 
2013-04-30 11:04:51 AM  

Arkanaut: justinguarini4ever: cirby: Or, another way to put it is that 100% of Fiat's profits came from Chrysler.

Bingo. Sergio Marchionne is either a genius or extremely lucky. My guess is a little bit of both. Chrysler is keeping FIAT afloat. And where Renault and Peugeot have the French government to basically prop it up, my guess is that the Italian government would be a lot more apprehensive to prop up FIAT.

Wrong.  If Chrysler booked a $166 million profit, and Fiat owns 58% of Chrysler, then Fiat gets 58% of Chrysler's profits.  It's just a coincidence that the rest of Fiat produced as much profit as the part of Chrysler owned by other investors.


Nope.

once the stake goes above 50%, its no longer proportional. Fiat records all of Chrysler's income, not 58% of it.
 
2013-04-30 01:43:25 PM  

ajgeek: twat_waffle: /working for a supplier
//I work at the Chrysler Belvedere (IL) assembly plant
///and I love my job

My 96 Neon was built there I think. It's still running.


It was built there. Now we do the Dodge Dart and the Jeep Patriot and Liberty.
 
2013-04-30 06:33:07 PM  

dumbobruni: if I had said "overall profits are five times higher" you would be correct.

but you are not.


You chose your Fark login well.
 
2013-04-30 07:16:57 PM  

Kurmudgeon: dumbobruni: if I had said "overall profits are five times higher" you would be correct.

but you are not.

You chose your Fark login well.


userserve-ak.last.fm
 
2013-05-01 03:06:01 AM  

dumbobruni: sethstorm: As long as Chrysler doesn't go "so bland, only a terrorist would love it" globalcar like Ford, or sell out to the Far East like various parts of General Motors, they should do fine.

and with the globalcar strategy in full execution, Ford is the most profitable it has ever been, with nearly 5 times the net profit margin of Chrysler.


While it might work for nations that are not terribly accustomed to cars as non-militarized devices(Middle East/Africa/Asia) or designed without austerity in mind(Europe), it drags down the models offered in the United States.

If they really think that the strategy is so good, then give Chrysler the Mustang and Panther platform cars, give General Motors the trucks and (pre-Mulally) full-size vans, Aston Martin to both, and see what happens.  Ford would, by your logic, make farktons more profit without having the burden of being an American automaker anymore.
 
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