Fiat Chrysler reveals a very ambitious business plan

The Fiat Chrysler group set out a very ambitious plan that should end the company’s debt by 2018.

They intend to boost its sales by 60% and have a five-fold net profit increase after investing 48 billion euros in new factories and car models. In addition the company wants to extend to China and Latin America.

Commencing with the plan, Fiat Chrysler put a big amount of its shares out for sale.

Analysts regard the company’s plan and sales targets rather too ambitious and have doubts that Fiat Chrysler will match the numbers on the paper.

The company shares had risen by 44% after the Italian car-maker Fiat announced, on January 1, that it is going to take full control of Chrysler in order to create the world’s seventh largest car-making company.