Auto News For Thursday, April 30, 2015 – FCA Margins Suck
Here are five must-read, must-watch auto news stories, reviews, and videos for Thursday, April 30, 2015. Your normal news editor, Steffani, is off today.
INSIDE THE AUTO BUSINESS
Like a 20-something single female who endlessly goes on and on and on about how amazing marriage would be, Sergio Marchionne’s constant talk of the need of automaker mergers is beginning to make FCA look dreadfully desperate. From Bloomberg: “While first-quarter profit surged 22 percent, margins lagged far behind FCA’s Detroit rivals. Ford made $924 million on $31 billion in revenue in the first quarter, GM $900 million on $35.7 billion in sales. Fiat Chrysler earned $92 million on $26.4 billion.”
No change since yesterday’s Ford Fiesta, Ford Fusion, and Lincoln MKZ recalls.