Chrysler 2010 Annual Report Download - page 130

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FPT INDUSTRIAL
HIGHLIGHTS
(€ million) 2010 2009
Net revenues 2,415 1,580
Trading profit/(loss) 65 (131)
Operating profit/(loss) (*) 29 (191)
Investments in tangible and intangible assets 152 159
of which capitalized R&D costs 58 63
Total R&D expenditure (**) 92 86
No. of employees at year end 7,707 7,858
(*) Includes restructuring costs and other unusual income/(expense)
(**) Includes capitalized R&D and R&D charged directly to the income statement
OPERATING PERFORMANCE
FPT Industrial produces powertrains for trucks and commercial vehicles, for agricultural and construction
equipment, and for marine applications (the Industrial & Marine business line of the former FPT Powertrain
Technologies).
In 2010, the sector benefited from recoveries in demand in both the truck and commercial vehicles and the
agricultural and construction equipment businesses.
Revenues totaled €2,415 million for the year, a 52.8% increase over 2009. Sales to customers external to the
Fiat Group and to joint ventures accounted for 32.3% of total revenues (32.6% in 2009).
FPT Industrial sold 423,000 units, representing a 58.1% increase over 2009. Engine deliveries were mainly
to Iveco (34%), CNH (23%) and Sevel (25%), the JV in light commercial vehicles. In addition, the sector sold
66,000 transmissions (+25.0%) and 139,000 axles (+32.1%).
INNOVATION AND PRODUCTS
The sector designs and manufactures engines for on-road vehicles and off-road industrial and agricultural
applications.
For Light Commercial Vehicles, FPT Industrial continued development of the F1 family of engines, bringing the
F1A and F1C in line with the Euro 5 Light Duty standard. The new Euro 5 version of the F1A, for the Iveco Daily
and Fiat Ducato, uses the MultiJet II injection system and has a power output ranging up to 150 hp. A new
version with the Start&Stop system is also being developed. Under supply agreements with Daimler-Fuso, the
Euro 5 F1C (power output ranging up to 205 hp) will also be supplied for application on a vehicle produced by
Mitsubishi Fuso and during the year production began on variants of the F1C for the Japanese and US markets
(the US version is compliant with the EPA10 Heavy Duty emissions standard).
For off-road applications, development continued on the 3.4 liter F5C engine, with versions up to 55 kW that
meet ECE Stage IIIB/EPA Tier 4B emissions limits and up to 86 kW that meet ECE Stage IIIB/EPA Tier 4A
emissions limits. Scheduled for launch in the second half of 2011, this engine will use a Common Rail injection