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Ferrari quarterly earnings rise 5%, boosted by V-8 sales

MILAN — Ferrari third-quarter core earnings rose 4.7 percent, helped by positive performance from across its markets and strong sales of V-8 models, the automaker said in a statement. Adjusted earnings before interest, tax, depreciation and amortization for the July-September period rose to 278 million euros ($316 million) from 266 …

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At long last, FCA flexes its profit-making muscles

DETROIT — Chrysler, in its various forms, has long been the little guy among the Detroit 3, with its profits, work force size and national stature overshadowed by nearby General Motors and Ford Motor Co. But in a quarter that included the unexpected death of its hard-charging CEO, Sergio Marchionne, …

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FCA US October 2018 sales rise 16 percent

FCA US LLC today reported U.S. sales of 177,391 vehicles in October, a 16 percent increase compared with sales in October 2017 of 153,373 vehicles. Sales were driven by the Jeep®, Ram, Chrysler, Dodge and Alfa Romeo brands, which all posted increases over the same period a year ago. Dodge …

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FCA tops 10% margin in North America, beats Ford profit

UPDATED: 10/30/2018 4:21 pm ET – adds details Fiat Chrysler Automobiles outearned Ford Motor Co. in the third quarter, and it fulfilled a prediction from two years ago by then-CEO Sergio Marchionne by posting a record double-digit profit margin in North America. FCA’s global adjusted earnings before interest and taxes …

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Amazon, Google and Snap shares decline after earnings reports

Shares in Google, Amazon and Snap all declined on Thursday afternoon after issuing quarterly earnings reports, adding to recent struggles for tech stocks. Amazon shares were down about 4. 3 percent in after-hours trading after reporting growth in its cloud business Amazon Web Services, or AWS, that missed expectations. The …

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Markets tumble and bounce

(Bloomberg) — U.S. stocks staggered back from a rout that took the SP 500 Index into a correction, though major averages remained lower for the day. Treasuries and gold pared gains as demand for havens eased. The SP 500 cut a loss that approached 3 percent by more than half, …

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