AS others have stated they have survived via good management practices and government subsidies. Their cars do not have a good reputation anywhere. They are making a slime profit with the AG line, the truck line is doing good but the car business is marginal with the exception of the Chrysler/Ram line. They sold 2.2 million Chrysler/Ram cars/trucks in 2016 in the US but less than 100,000 Fiat vehicles. There was record car sales last year in the US. Most companies sales were up 1-2%. Chrysler/Ram was flat and Fiat declined.
Fiat has said they will sell the AG division but have had no offers. 2 reasons for that. They are only willing to sell the whole AG division to one buyer. And the profit margin is slim. Something like 2%. Most companies looking to buy other companies look for about a 5% margin.
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Today's Featured Article - Oil Bath Air Filters - by Chris Pratt. Some of us grew up thinking that an air filter was a paper thing that allowed air to pass while trapping dirt particles of a particles of a certain size. What a surprise to open up your first old tractor's air filter case and find a can that appears to be filled with the scrap metal swept from around a machine shop metal lathe. To top that off, you have a cup with oil in it ("why would you want to lubricate your carburetor?"). On closer examination (and some reading in a AC D-14 service manual), I found out that this is a pretty ingenious method of cleaning the air in the tractor's intake tract.
... [Read Article]
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