FiatFiatItaly, 1899 > present159 models
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Group and ChryslerChryslerUnited States of America, 1925 > present70 models
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have released their first quarter financial results, and both companies are posting significant losses.

As an entity, Fiat Group and Chrysler Group reported revenue of €19.757 billion, down from €20.221 billion in the first quarter of last year. Earnings before interest and taxes fell to €618 million, down from €835 million last year. Net profits fell to €31 million, down from €262 million last year. Deliveries fell slightly to 1,0117,000 cars from 1,019,000 cars in the first quarter of 2012. 

Fiat Group excluding Chrysler had net revenue of €8.557 billion compared to €8.685 in 2012. Earnings before taxes and interest increased to €65 million, compared to €8 million last year. Fiat Group did not have a net profit for the first quarter; it posted a net loss of €235 million compared to a net loss of €276 million in the first quarter of 2012. On top of the loss, Fiat Group's debt excluding Chrysler grew to €9.048 billion from €8.103 billion last year. 

Chrysler Group suffered losses of its own. It sold 574,000 vehicles worldwide in the quarter, down from 607,000 in 2012. Revenue fell to $15.4 billion (€11.7 billion) compared to $16.4 billion (€12.5 billion) in the first quarter of 2012. It's earnings before interest and taxes fell to $435 million (€331 million), down from $740 million (€563 million) in 2012. Net profit was $166 million (€126 million) compared to $473 million (€360 million) in 2012.

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.

“We remain on track to achieve our business targets, even as the first-quarter results were affected by an aggressive product launch schedule,” said Marchionne.

Fiat Group also broke out its financial results for FerrariFerrariItaly, 1947 > present233 models
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and MaseratiMaseratiItaly, 1914 > present62 models
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in the first quarter. Ferrari's net revenue increased to €551 million from  €511 million last year and had earnings before taxes and interest of €80 million, up from €56 million last year. It sold 1,798 cars in the quarter, up 4%. Maserati revenue fell to €157 million from €164 million in 2012, and it had earnings before taxes and interest loss of negative €4 million, after having positive €16 million in earnings last year. It sold 1,304 cars worldwide, a 5% decrease