FCA US Announces 2015 Profit Sharing Payment for Hourly Employees

Jan 27, 2016, 12:12 ET from FCA US LLC

AUBURN HILLS, Mich., Jan. 27, 2016 /PRNewswire/ -- FCA US LLC announced today that it will make profit sharing payments up to $4,000 to eligible UAW-represented employees as a result of the Company's 2015 financial performance. Approximately 40,000 employees will receive the payment on Feb. 19, 2016.

The payment represents a 45 percent increase from the $2,750 payment UAW-represented employees received last year.

As negotiated in the 2015 UAW-FCA US Collective Bargaining Agreement, future profit sharing payments will be based on the EBIT margin performance of the North American region reported in the FCA N.V. financial results beginning with 2016 calendar year performance.

FCA US LLC is a North American automaker with a new name and a long history. Headquartered in Auburn Hills, Michigan, FCA US is a member of the Fiat Chrysler Automobiles N.V. (FCA) family of companies. FCA US designs, engineers, manufactures and sells vehicles under the Chrysler, Jeep, Dodge, Ram and FIAT brands as well as the SRT performance vehicle designation. The company also distributes the Alfa Romeo 4C model and Mopar products. FCA US is building upon the historic foundations of Chrysler, the innovative American automaker first established by Walter P. Chrysler in 1925; and Fiat, founded in Italy in 1899 by pioneering entrepreneurs, including Giovanni Agnelli.

FCA, the seventh-largest automaker in the world based on total annual vehicle sales, is an international automotive group. FCA is listed on the New York Stock Exchange under the symbol "FCAU" and on the Mercato Telematico Azionario under the symbol "FCA."

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