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- Ford, GM, and Fiat Chrysler are expected to report solid earnings and profits – although GM and Ford could see declines in the second quarter of 2017.
- FCA will have new CEO Mike Manley overseeing profits after Sergio Marchionne Fell
- Ford and GM have set up autonomous autonomous wagon units that Wall Street could consider for future growth.
Wednesday is a big day for the big three American automakers – all report their second-quarter profits, General Motors and Fiat Chrysler Automobiles before the markets open, and Ford after the bell
All should generate earnings and strong revenues, but analysts say GM and Ford will report declines in sales in the first quarter and last quarter
FCA will be a different story, not because of strong financial data, but because former CEO Sergio Marchionne fell seriously ill and was replaced over the weekend by Mike Manley, who had been Analysts will want to know in detail FCA's plans to cope with the abrupt transition towards a new leadership, even though Marchionne had planned to retire in 2019.
With Ford and GM's Automotive Businesses are in good form – despite some fire-related problems that put an end to Ford's huge production of pickup trucks early in the year, Wall Street will likely focus on its self-driving efforts.
The investment in the GM Cruise division of the Japanese bank SoftBank combined with another $ 1.1 billion of GM earned it a valuation of $ 11.5 billion just two years after the start-up of the San Francisco start-up by the auto giant
Ford does the same, by creating its own Ford Autonomous Vehicles unit as a stand-alone entity, and announcing that the company is not going anywhere. company will have its own CEO and will be able to advocate for a third party investment.
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