Fiat Chrysler Automobiles N.V. is an international automotive company. It designs, manufactures, distributes and sells vehicles, components and production systems. The company owns the Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep, Lancia and Ram brands. Fiat Chrysler will benefit from rising sales in the U.S and Europe. The company intends to expand vehicle sales in key markets throughout the world. The company also focuses on maintaining cost efficiency.

However, Fiat Chrysler is going through a challenging period due to product recalls and warranty obligations. Product recalls increase the company’s cost burden. In addition, the automotive industry is highly competitive.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings

Fiat Chrysler’s earnings decreased significantly 51.2% to €0.160 (17 cents) per share in the fourth quarter of 2015.

Revenues

Fiat Chrysler reported revenues of €29.4 billion ($31.9 billion) excluding Ferrari, up 11.3% year over year.

Key Stats/Developments to Note

For 2016, Fiat Chrysler expects revenue to increase over €110 billion ($119.3 billion). Adjusted net profit is expected to be higher than €1.9 billion ($2.1 billion).

Market Reaction

Fiat Chrysler’s shares decreased 3.68% to $7.33 following the release. It would be interesting to see how the market reacts to the results during the trading session today.