Between earnings set to release and safety recall fines, Fiat Chrysler (FCAU) has been having a busy week. On Monday, Fiat Chrysler was hit with a $105 million fine by the National Highway Traffic and Safety Administration, the highest fine the U.S. automobile safety watchdog has ever charged. Fiat Chrysler is set to report earnings before the market opens on Thursday, July 30th. Richard Hilgert, an analyst at Morningstar, shared what he was looking for coming from Thursday’s earnings report. ‘We think that in general the Street misunderstands this story and there is a lot more opportunity coming with the integration between Fiat and Chrysler,’ Hilgert said. ‘We also think that the Street also misprices the assets that underlie the stock that is out there under the Fiat Chrysler umbrella.’ Hilgert said that he was specifically looking to see how the Jeep brand was doing with its global growth and expansion. Hilgert will be looking to see how the Jeep Renegade, which after the Fiat Chrysler merger is being manufactured in an Italian plant, is selling overseas. Along with Europe, Brazilian markets will be another thing Hilgert will be looking into given that both the European and Brazilian markets are both ‘substantially off their peaks.’ Hilgert shares that despite these economic headwinds, Fiat has the largest market share in both Italian and Brazilian markets.
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