Fiat Chrysler Automobiles (NYSE:FCAU) Upgraded at MED

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"The challenge for leaders of this industry is to find a balance point between the use of technology that responds to consumers' needs, in such a way to avoid wasting capital", CEO Sergio Marchionne said at the presentation.

Maserati will get a hand with its new electrified powertrains from Ferrari, Kuniskis said.

That would allow Fiat Chrysler to "participate more fully in capturing value from emerging platforms", Chief Financial Officer Richard Palmer said Friday in a presentation near Turin, Italy, confirming a Bloomberg report earlier in the week that the automaker was considering such a plan.

Mike Manley, FCA's head of Jeep and Ram, said the figure was one in 23 nine years ago. Ram will unveil the next generation heavy duty pickup truck line at the North American International Auto Show, January 2019 in Detroit. Those brands were Jeep, Ram, Alfa Romeo, and Maserati.

By 2022, Maserati will launch a new Levante, Ghibli, and Quattroporte in addition to a new smaller, midsize "D-segment" SUV, and the Alfieri.

All new models will include some form of electrification, and six models will be available as plug-in hybrids.

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Notably absent were the marquee brands: Fiat and Chrysler, which both represent the less-profitable passenger cars now off consumers' radar, particularly in the United States, where Fiat Chrysler makes more most of its profits, but also in fast-growing China.

In addition to the premium priced Maserati and Alfa Romeo EVs and PHEVs, Jeep plans a plethora of electrified vehicles by culmination of the plan in calendar year 2022, and they're all created to make a profit.

Strong sales numbers for the Jeep brand have helped Fiat Chrysler Automobiles maintain a healthy overall sales growth during the first few months of the year.

Brands like Chrysler or Dodge will become more localised and focused on North America, while Jeep, Alfa and Maserati will be expanded to have global reach, as part of an overall spending plan of around 45 billion euros.

With a five-year strategy, the world's seventh-largest automaker said it is targeting pre-interest and tax-adjusted profits between 13 and 16 billion euros in 2022, up from 6.6 billion euros last year, while margins are expected to rise between 9 and 11 percent, compared to 6.3 percent in 2017.

The company's Jeep brand sold a total of 97,287 units in May. "It makes us better than we were". Zacks Investment Research raised Fiat Chrysler Automobiles NV from a "hold" rating to a "buy" rating and set a $12.00 price target for the company in a research note on Thursday, February 2nd.