Chrysler 2011 Annual Report Download - page 74

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Following is a review of net revenues and trading profit by individual business/sector. All other data relates to the consolidated group.
Net revenues
Net revenues for the Group for 2011 totaled €59.6 billion. Fiat Group Automobiles (FGA) posted revenues of approximately €28 billion, in line with 2010,
with 2,032,900 passenger cars and light commercial vehicles shipped (-2.4% over the prior year). The 7.6% increase in light commercial vehicle volumes for
the year did not fully offset the 4.6% decline in passenger car shipments, which were impacted by continuing weak demand in Italy. In Brazil, FGA shipped
a record total of 772,700 vehicles, representing an increase of 1.5% over 2010.
Chrysler reported revenues of €23.6 billion for the 7 months from June-December on worldwide vehicle shipments of 1,190,000 (2,011,000 for the full
year, up 26% year-over-year).
For Luxury and Performance brands, Ferrari posted revenues of €2.3 billion, up 17.3% over 2010, while revenues for Maserati were €588 million, in line
with the prior year.
Components & Production Systems had revenues of approximately €12.0 billion, a 10.1% increase over 2010, with all sectors posting solid growth for
the year. For Magneti Marelli, revenues were up 8.5% to €5.9 billion.
Revenues by business
(€ million) 2011 2010 % change
Automobiles (Fiat Group Automobiles, Chrysler, Maserati, Ferrari) 52,967 30,130 75.8
Components & Production Systems (Magneti Marelli, Fiat Powertrain(1), Teksid, Comau) 11,965 10,865 10.1
Other Businesses (Publishing, Holding Companies and Other) 1,083 1,159 -6.6
Eliminations (6,456) (6,274) -
Total Fiat Group 59,559 35,880 66.0
(1) Fiat Powertrain includes activities of the Passenger & Commercial Vehicles business line of the former FPT Powertrain Technologies
Following is a review of net revenues by business/sector:
Automobiles
In 2011, the Automobiles businesses posted revenues of €52,967 million, including the contribution from Chrysler (from June) of €23,609 million.
(€ million) 2011 2010 % change
Fiat Group Automobiles 27,980 27,860 0.4
Chrysler 23,609 - -
Maserati 588 586 0.3
Ferrari 2,251 1,919 17.3
Eliminations (1,461) (235) -
Total 52,967 30,130 75.8
Fiat Group Automobiles (FGA) posted revenues of €27,980 million for the year, substantially unchanged over 2010, with a decline in volumes being
offset by a more favorable product mix.
FGA shipped2 2,032,900 passengers cars and light commercial vehicles (LCV), down 2.4% over the prior year, with the decline in passenger car volumes
being partially offset by an increase for LCVs.
(2) “Shipments”: new cars & LCVs invoiced to external customers (i.e., dealer network, importers and other customers such as rental companies, corporate fleets, government agencies
and local authorities, etc.)
Report on Operations