November 20, 2014 11:57 PM ET

Automobiles

Company Overview of Chrysler Group LLC

Company Overview

Chrysler Group LLC, together with its subsidiaries, designs, engineers, manufactures, distributes, and sells vehicles primarily in the United States. The company offers passenger cars; utility vehicles, including sport utility and crossover vehicles; minivans; trucks; and commercial vans under the Chrysler, Jeep, Dodge, and Ram brand names. It also manufactures Fiat-brand vehicles; sells Mopar branded accessories and collision, repair, maintenance, and performance parts to its dealers and distributors; and provides service contracts to consumers, and contract manufacturing services to other vehicle manufacturers. Chrysler Group LLC sells its products to dealers and distributors for sale to r...

1000 Chrysler Drive

Auburn Hills, MI 48326

United States

77,290 Employees

Phone:

248-576-5741

Key Executives for Chrysler Group LLC

Group Chairman
Age: 62
Chief Financial Officer
Age: 47
Head of US Sales
Age: 47
Chief Operating Officer for Asia Pacific
Age: 50
Chief Executive Officer of Chrysler De Mexico
Age: 49
Compensation as of Fiscal Year 2014.

Chrysler Group LLC Key Developments

FIAT to Introduce Two Special Edition Vehicles at Miami International Auto Show

FIAT announced two special edition models that will debut in November at the 2014 Miami International Auto Show: the Fiat 500 Ribelle and the Fiat 500L Urbana Trekking. The models are based on the Fiat 500 Pop and the Fiat 500L Trekking, demonstrating the potential for personalization and self-expression with FIAT vehicles. At the Miami International Auto Show, the FIAT brand will also display the full lineup to highlight updates for the 2015 model year, including an advanced instrument panel with a 7-inch cluster display for the Fiat 500 line, and automatic transmission options for the high-performance Fiat 500 Abarth and the five-passenger Fiat 500L. The 2015 Fiat 500 Ribelle shows its rebellious nature with a Rosso (red) roof, spoiler and mirror caps, complemented by Nero Puro (Gloss Black) headlamp and tail lamp bezels and Nero-painted wheels with Rosso wheel caps. The Ribelle is available in four exterior paint colors: Bianco (white), Billet Argento (Billet Silver), Grigio (gray) and Nero Puro. Inside, the Fiat 500 Ribelle is available with either Grigio/Nero or Grigio/Rosso interior environments. The limited-production 2015 Fiat 500 Ribelle will be available in studios in December and starts at USD 17,395. Manufacturer's Suggested Retail Price (MSRP) (not including destination). The 2015 Fiat 500L Urbana Trekking is outfitted for the city streets with Matte Nero exterior mirrors and bezels on the front and rear fascia, side sills and body-side molding. To take on the urban terrain, the 500L Urbana Trekking features 17-inch wheels painted Matte Nero. Matte Nero details are complemented by Satin Chrome door handles, tail lamp bezels and accents on the front and rear fascia. Six glossy exterior paint colors are available, including Verde Bosco Perla (Forest Green Pearl), Rosso Perla (Deep Lava Red), Giallo (yellow), Bianco (white), Grigio Scuro (Gray Metallic) and Blue Tornado, paired with a Nero (black) roof. The 500L Urbana Trekking on display at the 2014 Miami International Auto Show was designed especially for the show and will include a unique Matte Grigio Chiaro body and a Matte Nero roof that will not be available on production models. Inside, the 500L Urbana Trekking features a Nero leather steering wheel, leatherette door bolsters and cloth seats. The instrument panel features a Nero Puro bezel for those vehicles with glossy exterior paints and a Matte Grigio bezel for those with Matte Grigio Chiaro exterior paint. For a high-definition music experience, the segment-exclusive Beats Audio system is standard, and includes six premium speakers, a 6.5-inch dual-voice coil (DVC) subwoofer with trunk-mounted enclosure and eight-channel amplifier with Beats Audio's proprietary digital sound processing (DSP) algorithm. The Fiat 500L Urbana Trekking also comes standard with SiriusXM Radio.

Chrysler Group LLC Reports Preliminary Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year 2014

Chrysler Group LLC reported preliminary earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net income of $611 million compared to $464 million a year ago. Adjusted net income was $611 million compared to $464 million a year ago. Modified EBITDA was $1,666 million compared to $1,573 million a year ago. Net cash provided by operating activities was $1,292 million compared to $423 million a year ago. Modified operating profit was $946 million against $862 million for the same period a year ago. The increase was mainly the result of higher shipment volumes, improved net pricing and purchasing efficiencies, partially offset by higher industrial costs due to vehicle content enhancements and higher warranty costs, principally due to recall campaigns. Net revenue was $20,660 million against $17,564 million for the same period a year ago. The increase in third-quarter year-over-year Revenue was driven by higher shipments, in particular from the all-new Jeep Cherokee and all-new Chrysler 200. For the nine months, the company reported net income of $540 million compared to $1,137 million a year ago. Adjusted net income was $1,716 million compared to $1,160 million a year ago. Modified EBITDA was $4,645 million compared to $4,106 million a year ago. Modified operating profit was $2,517 million against $2,105 million for the same period a year ago. Net cash provided by operating activities was $4,842 million compared to $2,610 million a year ago. Net revenue was $60,104 million against $50,943 million for the same period a year ago. For the full year 2014, the company expects net revenue of $80 billion, modified operating profit of $3.7 to $4.0 billion, adjusted net income of $2.3 to $2.5 billion, and free cash flow of $0.5 million to $1.0 million.

Chrysler Group LLC Announces US Group Sales Results for the Month and Year to Date Ended October, 2014

Chrysler Group LLC announced US group sales results for the month and year to date ended October, 2014. The company reported sales in the US rose 22% annually in October 2014. The Jeep brand sales surged 52%, the sales of the Ram brand rose 36%, the Chrysler brand sales increased 17%, the Fiat brand sales inched up 1%, and the Dodge brand sales fell 8%. The company reported U.S. sales of 170,480 units, a 22% increase compared with sales of 140,083 units in October 2013. Year-to-date, the total Chrysler Group sales increased 15%, with the Ram brand sales up 26%, the Dodge sales down 4%, the Jeep sales rising 46%, the Chrysler brand sales dropping 4%, and the Fiat brand sales growing 8%. The company reported U.S. sales of 1,726,539 units, a 15% increase compared with sales of 1,497,086 units in October 2013.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 1, 2014
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