Exhibit 99.1

Interim Report

As of and for the three and nine months ended September 30, 2017

TABLE OF CONTENTS

	Page
CERTAIN DEFINED TERMS	3
MANAGEMENT DISCUSSION AND ANALYSIS	4
Highlights	4
Non-GAAP Financial Measures	5
Group Results	6
Results by Segment	13
Liquidity and Capital Resources	28
Risks and Uncertainties	33
Outlook	33
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND NOTES AS OF AND FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2017	34
Interim Condensed Consolidated Income Statement	35
Interim Condensed Consolidated Statement of Comprehensive Income	36
Interim Condensed Consolidated Statement of Financial Position	37
Interim Condensed Consolidated Statement of Cash Flows	38
Interim Condensed Consolidated Statement of Changes in Equity	39
Notes to the Interim Condensed Consolidated Financial Statements	40
1. Basis of preparation	40
2. Scope of consolidation	43
3. Net revenues	44
4. Net financial expenses	44
5. Tax expense	45
6. Inventories	46
7. Goodwill and intangible assets with indefinite useful lives	46
8. Trade and other receivables	47
9. Share-based compensation	48
10. Employee benefits liabilities	49
11. Provisions	50
12. Debt	50
13. Other liabilities	52
14. Fair value measurement	53
15. Related party transactions	56
16. Guarantees granted, commitments and contingent liabilities	57
17. Equity	58
18. Earnings per share	60
19. Segment reporting	62

CERTAIN DEFINED TERMS

In this Interim Report, unless otherwise specified, the terms “we,” “our,” “us,” the “Company,” the “Group,” and “FCA” refer to Fiat Chrysler Automobiles N.V., together with its subsidiaries, or any one or more of them, as the context may require.

All references in this Interim Report to “Euro” and “€” refer to the currency introduced at the start of the third stage of European Economic and Monetary Union pursuant to the Treaty on the Functioning of the European Union, as amended. All references to “U.S. Dollars,” “U.S. Dollar,” “U.S.$” and “$” refer to the currency of the United States of America (or “U.S.”).

Forward-Looking Statements

This Interim Report, and in particular the section entitled “Outlook,” contains forward-looking statements. These statements may include terms such as “may,” “will,” “expect,” “could,” “should,” “intend,” “estimate,” “anticipate,” “believe,” “outlook,” “continue,” “remain,” “on track,” “target,” “objective,” “goal,” “plan,” “design,” “forecast,” “projection,” “prospects,” or similar terms that are used to identify forward-looking statements. Forward-looking statements are not guarantees of future performance. Rather, they are based on the Group's current expectations and projections about future events and, by their nature, are subject to inherent risks and uncertainties. They relate to events and depend on circumstances that may or may not occur or exist in the future and, as such, undue reliance should not be placed on them. Actual results may differ materially from those expressed in such statements as a result of a variety of factors, including: the Group's ability to maintain vehicle shipment volumes; changes in the global financial markets, general economic environment and changes in demand for automotive products, which is subject to cyclicality; changes in local economic and political conditions, including with regard to trade policy; the Group's ability to expand certain of the Group's brands internationally; various types of claims, lawsuits, governmental investigations and other contingent obligations against the Group, including product liability and warranty claims and environmental claims, governmental investigations and lawsuits; material operating expenditures in relation to compliance with environmental, health and safety regulations; the Group's ability to enrich its product portfolio and offer innovative products; the high level of competition in the automotive industry, which may increase due to consolidation; exposure to shortfalls in the Group's defined benefit pension plans; the Group's ability to provide or arrange for adequate access to financing for the Group's dealers and retail customers and risks associated with financial services companies; the Group's ability to access funding to execute the Group's business plan and improve the Group's business, financial condition and results of operations; changes in the Group's credit ratings; the Group's ability to realize anticipated benefits from any joint venture arrangements and other strategic alliances; disruptions arising from political, social and economic instability; risks associated with our relationships with employees, dealers and suppliers; increases in costs, disruptions of supply or shortages of raw materials; developments in labor and industrial relations and developments in applicable labor laws; exchange rate fluctuations, interest rate changes, credit risk and other market risks; political and civil unrest; earthquakes or other disasters and other risks and uncertainties.

Any forward-looking statements contained in this Interim Report speak only as of the date of this document and the Company does not undertake any obligation to update or revise publicly forward-looking statements. Further information concerning the Group and its businesses, including factors that could materially affect the Company's financial results, is included in the Company's reports and filings with the U.S. Securities and Exchange Commission (“SEC”), the Netherlands Authority for the Financial Markets (stichting Autoriteit Financiële Markten, (the “AFM”), Borsa Italiana S.p.A. and Consob (collectively, the “CONSOB”).

3

MANAGEMENT DISCUSSION AND ANALYSIS

Highlights

Nine months ended September 30			Three months ended September 30
2017	2016	(€ million, except shipments, which are in thousands of units, and per share amounts)	2017	2016
3,493	3,487	Combined shipments(1)	1,123	1,123
3,267	3,327	Consolidated shipments(2)	1,051	1,066
82,058	81,299	Net revenues	26,414	26,836
5,160	4,507	Adjusted EBIT(3)	1,758	1,500
2,706	1,405	Net profit	910	606
2,673	1,977	Adjusted net profit(4)	922	740
		Earnings per share(5)
1.755	0.920	Basic earnings per share (€)	0.593	0.402
1.734	0.890	Diluted earnings per share (€)	0.584	0.388

(€ million, except number of employees)	At September 30, 2017		At December 31, 2016
Net debt(6)	(6,313	)	(6,568	)
Of which: Net industrial debt(6)	(4,405	)	(4,585	)
Total Equity	20,461		19,353
Equity attributable to owners of the parent	20,304		19,168
Available liquidity(7)	19,547		23,801
Number of employees	237,771		234,499

__________________________________________________

(1) Combined shipments include shipments by the Group's consolidated subsidiaries and unconsolidated joint ventures.

(2) Consolidated shipments only include shipments by the Group's consolidated subsidiaries.

(3) Refer to sections —Non-GAAP measures, Group Results and Results by Segment in this Interim Report for further discussion.

(4) Refer to sections —Non-GAAP measures and Group Results in this Interim Report for further discussion.

(5) Refer to Note 18, Earnings per share, in the Interim Condensed Consolidated Financial Statements included elsewhere in this Interim Report.

(6) Refer to sections —Non-GAAP measures, Group Results and Liquidity and Capital Resources in this Interim Report for further discussion.

(7) Refer to section —Liquidity and Capital Resources in this Interim Report for further discussion.

4

Non-GAAP Financial Measures

We monitor our operations through the use of several non-generally accepted accounting principles (“non-GAAP”) financial measures: Net debt, Net industrial debt, Adjusted Earnings Before Interest and Taxes (“Adjusted EBIT”), Adjusted net profit and certain information provided on a constant exchange rate (“CER”) basis. We believe that these non-GAAP financial measures provide useful and relevant information regarding our operating results and enhance the overall ability to assess our financial performance and financial position. They provide us with comparable measures which facilitate management’s ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions. These and similar measures are widely used in the industry in which we operate, however, these financial measures may not be comparable to other similarly titled measures of other companies and are not intended to be substitutes for measures of financial performance and financial position as prepared in accordance with both International Financial Reporting Standards (“IFRS”) issued by the International Accounting Standards Board (“IASB”) as well as IFRS as adopted by the European Union.

Net debt and Net industrial debt: Refer to the section —Liquidity and Capital Resources below for further discussion.    

Adjusted EBIT: excludes certain adjustments from Net profit including gains/(losses) on the disposal of investments, restructuring, impairments, asset write-offs and unusual income/(expenses) that are considered rare or discrete events that are infrequent in nature, and also excludes Net financial expenses and Tax expense/(benefit). Refer to the sections—Group Results and —Results by Segment below for further discussion.

Adjusted net profit: is calculated as Net profit/(loss) excluding post-tax impacts of the same items excluded from Adjusted EBIT, as well as financial income/(expenses) and tax income/(expenses) considered rare or discrete events that are infrequent in nature. Refer to the section—Group Results below for further discussion.

Constant Exchange Rate:The discussions within the sections —Group Results and —Results by Segment belowinclude information about our results at constant exchange rates, which is calculated by applying the prior-year average exchange rates to current financial data expressed in local currency in which the relevant financial statements are denominated (refer to Note 1, Basis of Preparation in the Interim Condensed Consolidated Financial Statements included elsewhere in this Interim Report for information on the exchange rates applied). We believe that such results which exclude the effect of currency fluctuations year-on-year, provide additional useful information to investors regarding the operating performance and trends in our business on a local currency basis.

5

Group Results

The following is a discussion of the Group's results of operations for the three and nine months ended September 30, 2017 compared to the three and nine months ended September 30, 2016.

	Nine months ended September 30				Three months ended September 30
(€ million)	2017		2016		2017			2016
Net revenues	€	82,058	€	81,299	€	26,414		€	26,836
Cost of revenues	69,363		69,928		22,280			22,971
Selling, general and other costs	5,459		5,477		1,712			1,824
Research and development costs	2,481		2,354		781			789
Result from investments	305		221		103			80
Reversal of a Brazilian indirect tax liability	895		—		—			—
Gains on disposal of investments	76		13		27			8
Restructuring costs/(reversal)	89		66		10			(1		)
Net financial expenses	1,126		1,531		321			528
Profit before taxes	4,816		2,177		1,440			813
Tax expense	2,110		772		530			207
Net profit	€	2,706	€	1,405	€	910		€	606
Net profit attributable to:
Owners of the parent	€	2,693	€	1,391	€	911		€	608
Non-controlling interests	€	13	€	14	€	(1	)	€	(2	)

Net revenues

				Increase/(Decrease)									Increase/(Decrease)
Nine months ended September 30				2017 vs. 2016					Three months ended September 30				2017 vs. 2016
2017		2016		% Actual		% CER		(€ million)	2017		2016		% Actual		% CER
€	82,058	€	81,299	0.9	%	0.4	%	Net revenues	€	26,414	€	26,836	(1.6	)%	2.2	%

See —Results by Segment below for a discussion of Net revenues for each of our six reportable segments (NAFTA, LATAM, APAC, EMEA, Maserati and Components).

Cost of revenues

						Increase/(Decrease)											Increase/(Decrease)
Nine months ended September 30						2017 vs. 2016					Three months ended September 30						2017 vs. 2016
2017			2016			% Actual		% CER		(€ million)	2017			2016			% Actual		% CER
€	69,363		€	69,928		(0.8	)%	(1.4	)%	Cost of revenues	€	22,280		€	22,971		(3.0	)%	0.6	%
84.5		%	86.0		%					Cost of revenues as % of Net Revenues	84.3		%	85.6		%

Cost of revenues for the three months ended September 30, 2017 was lower than in the corresponding period in 2016, with decreases due to (i) foreign currency translation effects, (ii) lower volumes and (iii) the final settlement of insurance recoveries relating to the Tianjin (China) port explosions in Q3 2015 (refer to Results by Segment - APAC), partially offset by (iv) mix, (v) higher manufacturing costs due to the NAFTA capacity realignment plan and (vi) increased warranty costs in NAFTA.

6

Cost of revenues for the nine months ended September 30, 2017 decreased compared to the corresponding period in 2016, with decreases due to (i) lower volumes, (ii) purchasing savings, (iii) the final settlement of insurance recoveries relating to Tianjin and (iv) the charges recognized in 2016 for the estimated costs of recall campaigns related to an industry-wide recall for airbag inflators manufactured by Takata Corporation, partially offset by increases due to (v) mix, (vi) foreign currency translation effects and (vii) higher manufacturing costs due to the NAFTA capacity realignment plan. Increases in LATAM, EMEA and Maserati were offset by decreases in NAFTA and APAC.

For the nine months ended September 30, 2017, the decrease in Cost of revenues in NAFTA was primarily attributable to the decrease in volumes, purchasing savings, as well as the estimated costs related to an industry wide recall for airbag inflators manufactured by Takata Corporation that were recorded in 2016, which were partially offset by mix and foreign currency translation effects. The increase in Cost of revenues in LATAMwas primarily due to an increase in volumes, vehicle mix and foreign currency translation effects, while, the increases in Cost of revenues in EMEA and Maserati were primarily attributable to increases in volumes. The decrease in Cost of revenues in APAC was mainly due to lower volumes, mix and the Tianjin insurance recoveries referred to above.

Selling, general and other costs

						Increase/(Decrease)											Increase/(Decrease)
Nine months ended September 30						2017 vs. 2016					Three months ended September 30						2017 vs. 2016
2017			2016			% Actual		% CER		(€ million)	2017			2016			% Actual		% CER
€	5,459		€	5,477		(0.3	)%	(1.5	)%	Selling, general and other costs	€	1,712		€	1,824		(6.1	)%	(4.2	)%
6.7		%	6.7		%					Selling, general and other costs as % of Net revenues	6.5		%	6.8		%

Selling, general and other costs include advertising, personnel and other costs. Advertising costs accounted for 46.7percent of total Selling, general and other costs for both the three months ended September 30, 2017 and 2016, and 46.1 percent and 46.8 percent for the nine months ended September 30, 2017 and 2016, respectively.     

The decrease in Selling, general and other costs for the three months ended September 30, 2017 compared to the corresponding period in 2016 was primarily due to foreign currency translation effects, cost efficiencies and lower advertising costs. Selling, general and other costs for the nine months ended September 30, 2017 were consistent compared to the corresponding period in 2016, primarily due to lower advertising costs, largely offset by foreign currency translation effects.

Research and development costs

				Increase/(Decrease)									Increase/(Decrease)
Nine months ended September 30				2017 vs. 2016					Three months ended September 30				2017 vs. 2016
2017		2016		% Actual		% CER		(€ million)	2017		2016		% Actual
€	1,281	€	1,251	2.4	%	1.9	%	Research and development expenditures expensed	€	412	€	389	5.9	%	10.3	%
1,150		1,096		4.9	%	3.8	%	Amortization of capitalized development expenditures	334		393		(15.0	)%	(12.5	)%
50		7		n.m.		n.m.		Impairment and write-off of capitalized development expenditures	35		7		n.m.		n.m.
€	2,481	€	2,354	5.4	%	4.5	%	Total Research and development costs	€	781	€	789	(1.0	)%	2.4	%

_______________________________________

n.m. - number is not meaningful

7

Nine months ended September 30					Three months ended September 30
2017		2016			2017		2016
1.6	%	1.5	%	Research and development expenditures expensed as % of Net revenues	1.6	%	1.4	%
1.4	%	1.3	%	Amortization of capitalized development expenditures as % of Net revenues	1.3	%	1.5	%
0.1	%	—	%	Impairment and write-off of capitalized development expenditures as % of Net revenues	0.1	%	—	%
3.0	%	2.9	%	Total Research and development cost as % of Net revenues	3.0	%	2.9	%

The decrease in amortization of capitalized development expenditures during three months ended September 30, 2017 compared to the corresponding periods in 2016 was mainly attributable to the changes in the expected lifecycle of certain models. The increase in amortization of capitalized development expenditures during nine months ended September 30, 2017 compared to the corresponding periods in 2016 was mainly attributable to the all-new Maserati Levante, all-new Alfa Romeo Giulia, all-new Alfa Romeo Stelvio, all-new Jeep Compass and all-new Fiat Argo. The impairment and write-off of capitalized development expenditures during the three and nine months ended September 30, 2017 mainly related to product portfolio changes in LATAM and in EMEA.

Total research and development expenditures for the three and nine months ended September 30, 2017 and2016were as follows:

Nine months ended September 30						Increase/(Decrease)			Three months ended September 30						Increase/(Decrease)
2017			2016			2017 vs. 2016		(€ million)	2017			2016			2017 vs. 2016
€	1,942		€	1,794		8.2	%	Capitalized development expenditures	€	591		€	589		0.3	%
1,281			1,251			2.4	%	Research and development expenditures expensed	412			389			5.9	%
€	3,223		€	3,045		5.8	%	Total Research and development expenditures	€	1,003		€	978		2.6	%
60.3		%	58.9		%			Capitalized development expenditures as % of Total Research and development expenditures	58.9		%	60.2		%
3.9		%	3.7		%			Total Research and development expenditures as % of Net revenues	3.8		%	3.6		%

The increase in capitalized development expenditures during the three and nine months ended September 30, 2017 compared to the corresponding periods in 2016 was mainly related to operations in NAFTA and partially offset by a decrease in LATAM.

Reversal of a Brazilian indirect tax liability

In June 2017, the Group reversed a Brazilian indirect tax liability of €895 million, reflecting recent court decisions. As this liability related to the Group’s Brazilian operations in multiple segments and given the significant and unusual nature of the item, it was not attributed to the results of the related segments and was excluded from Group Adjusted EBIT (refer to Note 13, Other liabilities) for the nine months ended September 30, 2017.

Net financial expenses

Nine months ended September 30				Increase/(Decrease)			Three months ended September 30				Increase/(Decrease)
2017		2016		2017 vs. 2016		(€ million)	2017		2016		2017 vs. 2016
€	1,126	€	1,531	(26.5	)%	Net financial expenses	€	321	€	528	(39.2	)%

The decrease in Net financial expenses during the three and nine months ended September 30, 2017 compared to the corresponding periods in 2016 was primarily due to the continuation of the planned gross debt reduction.

8

Tax expense

Nine months ended September 30				Increase/(Decrease)			Three months ended September 30				Increase/(Decrease)
2017		2016		2017 vs. 2016		(€ million)	2017		2016		2017 vs. 2016
€	2,110	€	772	173.3	%	Tax expense	€	530	€	207	156.0	%

The effective tax rate was 37 percent and 25 percent for the three months ended September 30, 2017 and 2016, respectively. The increase in the effective tax rate was primarily due to reduced tax credits.

The effective tax rate was 44 percent and 35 percent for the nine months ended September 30, 2017 and 2016, respectively. The increase in the effective tax rate was primarily due to reduced tax credits and a decrease of deferred tax assets in Brazil of €734 million, partially offset by tax benefits recorded on changes to prior years' tax positions and improved performance in EMEA and LATAM.

                The decrease in the deferred tax assets in Brazil is composed of:

• €281 million related to the reversal of the Brazilian indirect tax liability mentioned above; and

• €453 million that was written off as the Group revised its outlook on Brazil to reflect the slower pace of recovery and outlook for the subsequent years, largely resulting from increased political uncertainty, and concluded that a portion of the deferred tax assets in Brazil was no longer recoverable.

                These items are excluded from Group Adjusted net profit.

Net profit

Nine months ended September 30				Increase/(Decrease)			Three months ended September 30				Increase/(Decrease)
2017		2016		2017 vs. 2016		(€ million)	2017		2016		2017 vs. 2016
€	2,706	€	1,405	92.6	%	Net profit	€	910	€	606	50.2	%

The increase in Net profit during the three and nine months ended September 30, 2017 compared to the corresponding periods in 2016 was primarily due to improved operating performance and lower Net financial expenses, partially offset by higher income taxes. Additionally, the nine months ended September 30, 2017 included the benefit of:

• €895 million reversal of a liability, partially offset by a €281 million related decrease in deferred tax assets, related to Brazilian indirect taxes previously accrued by the Group's Brazilian subsidiaries(refer to Note 13, Other liabilities); and

• €414 million pre-tax charge in 2016 to adjust our warranty provisions for the estimated costs of recall campaigns related to an industry-wide recall for airbag inflators manufactured by Takata Corporation.

These were partially offset by:

• the write-off of certain deferred tax assets in Brazil of €453 million (refer to Note 5, Tax expense).

9

Adjusted EBIT

						Increase/(Decrease)											Increase/(Decrease)
Nine months ended September 30						2017 vs. 2016					Three months ended September 30						2017 vs. 2016
2017			2016			% Actual		% CER		(€ million)	2017			2016			% Actual		% CER
€	5,160		€	4,507		14.5	%	14.7	%	Adjusted EBIT	€	1,758		€	1,500		17.2	%	23.1	%
6.3		%	5.5		%					Adjusted EBIT margin (%)	6.7		%	5.6		%

The following table is the reconciliation of Net profit, which is the most directly comparable measure included in the Consolidated Income Statement, to Adjusted EBIT:

Nine months ended September 30							Three months ended September 30
2017			2016			(€ million)	2017			2016
€	2,706		€	1,405		Net profit	€	910		€	606
2,110			772			Tax expense	530			207
1,126			1,531			Net financial expenses	321			528
						Adjustments:
(895		)	—			Reversal of a Brazilian indirect tax liability	—			—
135			16			Impairment expense	80			16
(68		)	—			Tianjin (China) port explosions insurance recoveries	(68		)	—
—			414			Recall campaigns - airbag inflators	—			—
—			157			Costs for recall - contested with supplier	—			157
—			156			NAFTA capacity realignment	—			—
89			66			Restructuring costs/(reversal)	10			(1		)
—			19			Currency devaluations	—			—
43			—			Resolution of certain Components legal matters	—			—
(76		)	(13		)	Gains on disposal of investments	(27		)	(8		)
(10		)	(16		)	Other	2			(5		)
(782		)	799			Total Adjustments	(3		)	159
€	5,160		€	4,507		Adjusted EBIT	€	1,758		€	1,500

10

The following chart presents the change in Adjusted EBIT by segment for the three months ended September 30, 2017 compared to the corresponding period in 2016.

The following chart presents the change in Adjusted EBIT by segment for the nine months ended September 30, 2017 compared to the corresponding period in 2016.

Refer to —Results by Segment below for a discussion of Adjusted EBIT for each of our six reportable segments (NAFTA, LATAM, APAC, EMEA, Maserati and Components).

Adjusted net profit

Nine months ended September 30				Increase/(Decrease)			Three months ended September 30				Increase/(Decrease)
2017		2016		2017 vs. 2016		(€ million)	2017		2016		2017 vs. 2016
€	2,673	€	1,977	35.2	%	Adjusted net profit	€	922	€	740	24.6	%

The increase in Adjusted net profit during the three and nine months ended September 30, 2017 compared to the corresponding periods in 2016 was primarily due to improved results in all segments, with the exception of NAFTA which decreased in the nine months ended September as described above, as well as lower Net financial expenses, partially offset by higher Tax expense. In addition to the tax-affected adjustments excluded from Adjusted EBIT, Adjusted net profit during the nine months ended September 30, 2017 excludes the decrease in deferred tax assets of €281 million related to the reversal of a liability for indirect taxes on revenue previously accrued by the Group's Brazilian subsidiaries and the write-off of deferred tax assets in Brazil of €453 million referred to above.

11

The following table summarizes the reconciliation of Net profit, which is the most directly comparable measure included in the Consolidated Income Statement, to Adjusted net profit:

Nine months ended September 30							Three months ended September 30
2017			2016			(€ million)	2017			2016
€	2,706		€	1,405		Net profit	€	910		€	606
(782		)	799			Adjustments(1)	(3		)	159
15			(227		)	Tax impact on adjustments	15			(25		)
281			—			Reduction of deferred tax assets related to reversal of a Brazilian indirect tax liability	—			—
453			—			Brazil deferred tax assets write-off	—			—
(33		)	572			Total adjustments, net of taxes	12			134
€	2,673		€	1,977		Adjusted net profit	€	922		€	740

____________________________________

(1) Adjustments are the same items that are excluded from Adjusted EBIT.

12

Results by Segment

	Net revenues						Adjusted EBIT						Consolidated Shipments
	Three months ended September 30
(€ million, except shipments which are in thousands of units)	2017			2016			2017			2016			2017	2016
NAFTA	€	16,126		€	16,810		€	1,286		€	1,281		592	627
LATAM	2,115			1,491			59			(16		)	140	111
APAC	782			861			109			21			23	22
EMEA	4,975			5,070			127			104			285	295
Maserati	821			873			113			103			11	11
Components	2,413			2,390			127			112			—	—
Other activities	164			191			(33		)	(36		)	—	—
Unallocated items & eliminations(1)	(982		)	(850		)	(30		)	(69		)	—	—
Total	€	26,414		€	26,836		€	1,758		€	1,500		1,051	1,066

	Net revenues						Adjusted EBIT						Consolidated Shipments
	Nine months ended September 30
(€ million, except shipments which are in thousands of units)	2017			2016			2017			2016			2017	2016
NAFTA	€	49,307		€	51,425		€	3,878		€	3,882		1,777	1,942
LATAM	5,798			4,271			99			(5		)	373	325
APAC	2,424			2,767			174			75			61	70
EMEA	16,615			15,880			505			343			1,020	966
Maserati	2,844			1,960			372			155			36	24
Components	7,599			7,139			375			309			—	—
Other activities	540			571			(134		)	(116		)	—	—
Unallocated items & eliminations(1)	(3,069		)	(2,714		)	(109		)	(136		)	—	—
Total	€	82,058		€	81,299		€	5,160		€	4,507		3,267	3,327

__________________________

(1) Primarily includes intercompany transactions which are eliminated in consolidation

The following is a discussion of Net revenues, Adjusted EBIT and shipments for each of our six reportable segments for the three and nine months ended September 30, 2017 compared to the three and nine months ended September 30, 2016. We review changes in our results of operations with the following operational drivers:

• Volume: reflects changes in products sold to our customers, primarily dealers and fleet customers. Change in volume is driven by industry volume, market share and changes in dealer stock levels. Vehicles manufactured and distributed by our unconsolidated joint ventures are not included within volume;

• Mix: generally reflects the changes in product mix, including mix among vehicle brands and models, as well as changes in regional market and distribution channel mix, including mix between retail and fleet customers;

• Net price: primarily reflects changes in prices to our customers including higher pricing related to content enhancement, net of discounts, price rebates and other sales incentive programs, as well as related foreign currency transaction effects;

• Industrial costs: primarily include cost changes to manufacturing and purchasing of materials that are associated with content and enhancement of vehicle features, as well as industrial efficiencies and inefficiencies, recall campaign and warranty costs, depreciation and amortization, research and development costs and related foreign currency transaction effects;

13

• Selling, general and administrative costs (“SG&A”): primarily include costs for advertising and promotional activities, purchased services, information technology costs and other costs not directly related to the development and manufacturing of our products; and

• Other: includes other items not mentioned above, such as foreign currency exchange translation and results from joint ventures and associates.

NAFTA

						Increase/(Decrease)											Increase/(Decrease)
Nine months ended September 30						2017 vs. 2016					Three months ended September 30						2017 vs. 2016
2017			2016			% Actual		% CER			2017			2016			% Actual		% CER
1,777			1,942			(8.5	)%	—		Shipments (thousands of units)	592			627			(5.6	)%	—
€	49,307		€	51,425		(4.1	)%	(4.4	)%	Net revenues (€ million)	€	16,126		€	16,810		(4.1	)%	0.8	%
€	3,878		€	3,882		(0.1	)%	(0.4	)%	Adjusted EBIT (€ million)	€	1,286		€	1,281		0.4	%	6.0	%
7.9		%	7.5		%	+40 bps		—		Adjusted EBIT margin (%)	8.0		%	7.6		%	+40 bps		—

Three months ended September 30, 2017

The Group's market share⁽¹⁾ in NAFTA of 11.0 percent in the three months ended September 30, 2017 reflected a decrease of 100 bps from 12.0 percent for the same period in 2016. The U.S. market share⁽¹⁾ of 11.3 percent reflected a decrease of 120 bps from 12.5 percent for the same period in 2016, primarily relating to reduced fleet sales.

Shipments

The decrease in NAFTA shipments in the three months ended September 30, 2017 compared to the same period in 2016 was mainly due to lower fleet volumes and discontinued vehicles, partially offset by increased shipments for the Ram brand and the all-new Alfa Romeo Stelvio and Giulia.

Net revenues

NAFTA Net revenues in the three months ended September 30, 2017 decreased compared to the same period in 2016, primarily due to:

• €0.8 billion negative foreign exchange translation.

This was partially offset by:

• €0.1 billion from favorable vehicle and market mix net of lower shipments.

_____________________________________________________________________________________________________

(1) Our estimated market share data presented are based on management’s estimates of industry sales data, which use certain data provided by third-party sources, including IHS Markit and Ward’s Automotive.

14

Adjusted EBIT

The following chart reflects the change in NAFTA Adjusted EBIT by operational driver for the three months ended September 30, 2017 compared to the same period in 2016.

The increase in NAFTA Adjusted EBIT for the three months ended September 30, 2017 compared to the same period in 2016 was mainly attributable to:

• favorable vehicle and market mix, net of lower shipments; and

• purchasing efficiencies.

This was partially offset by:

• higher warranty costs for certain older model years and higher industrial costs due to capacity realignment.

Nine months ended September 30, 2017

Shipments

The decrease in NAFTA shipments in the nine months ended September 30, 2017 compared to the same period in 2016 was primarily attributable to lower fleet volumes and the discontinuance of the Dodge Dart, Chrysler 200 and Jeep Patriot, partially offset by increased shipments for the Ram brand and the all-new Alfa Romeo Stelvio and Giulia.

Net revenues

NAFTA Net revenues in the nine months ended September 30, 2017 decreased compared to the same period in 2016, primarily due to:

• €2.0 billion decrease from lower shipments net of favorable vehicle mix;

• €0.2 billion from unfavorable net pricing; and

• €0.2 billion prior year one-off residual values adjustment.

These were partially offset by:

• €0.2 billion positive foreign exchange translation effects.

15

Adjusted EBIT

The following chart reflects the change in NAFTA Adjusted EBIT by operational driver for the nine months ended September 30, 2017 compared to the same period in 2016.

NAFTA Adjusted EBIT for the nine months ended September 30, 2017 was in line with the same period in 2016, with increases due to:

• improved mix, net of lower shipments;

• purchasing efficiencies, net of higher product costs for content enhancements; and

• lower warranty costs, including higher supplier recoveries.

These were partially offset by:

• unfavorable net price related to incentives and foreign exchange transaction effects;

• higher industrial costs due to the capacity realignment plan; and

• prior year one-off residual values adjustment (included in Other above).

16

LATAM

						Increase/(Decrease)											Increase/(Decrease)
Nine months ended September 30						2017 vs. 2016					Three months ended September 30						2017 vs. 2016
2017			2016			% Actual		% CER			2017			2016			% Actual		% CER
373			325			14.8	%	—		Shipments (thousands of units)	140			111			26.1	%	—
€	5,798		€	4,271		35.8	%	24.8	%	Net revenues (€ million)	€	2,115		€	1,491		41.9	%	43.6	%
€	99		€	(5	)	n.m.		n.m.		Adjusted EBIT (€ million)	€	59		€	(16	)	n.m.		n.m.
1.7		%	(0.1		)%	n.m.		—		Adjusted EBIT margin (%)	2.8		%	(1.1		)%	n.m.		—

____________________________

n.m. = number not meaningful

Three months ended September 30, 2017

The Group's market share⁽¹⁾ in LATAM decreased to 12.6 percent in the three months ended September 30, 2017 from 12.9 percent in the same period in 2016. The Group's market share in Brazil and Argentina in the three months ended September 30, 2017 decreased to 17.6 percent from 18.6 percent and increased to 12.0 percent from 11.2 percent respectively compared to the corresponding period in 2016.

Shipments

The increase in LATAM shipments in three months ended September 30, 2017 compared to the same period in 2016was mainly due to the all-new Fiat Argo and Jeep Compass, as well as Fiat Mobi.

Net revenues

The increase in LATAM Net revenues in the three months ended September 30, 2017 compared to the same period in 2016 was primarily attributable to:

• increased volumes and favorable vehicle mix; and

• higher net pricing in Argentina and lower indirect taxes in Brazil.

Adjusted EBIT

The following chart reflects the change in LATAM Adjusted EBIT by operational driver for the three months ended September 30, 2017 compared to the same period in 2016.

17

____________________________________________________________________________

(1) Our estimated market share data presented are based on management’s estimates of industry sales data, which use certain data provided by third-party sources, including IHS Markit, National Organization of Automotive Vehicles Distribution and Association of Automotive Producers.

The increase in LATAM Adjusted EBIT for the three months ended September 30, 2017 compared to the same period in 2016 was mainly attributable to:

• increase in volumes and positive vehicle mix; and

• favorable net pricing in Argentina and lower indirect taxes in Brazil.

These were partially offset by:

• increase in product costs due to input cost inflation; and

• higher depreciation and amortization costs related to new vehicles.

Adjusted EBIT for the three months ended September 30, 2017 excluded total charges of €29 million, of which €24 million of asset impairment charges resulting from product portfolio changes.

Nine months ended September 30, 2017

Shipments

The increase in LATAM shipments in the nine months ended September 30, 2017 compared to the same period in 2016 was mainly due to the all-new Jeep Compass and Fiat Mobi.

Net revenues

The increase in LATAM Net revenues in the nine months ended September 30, 2017 compared to the same period in 2016 was primarily attributable to:

• €1.1 billion from volume and mix; and

• €0.5 billion from positive foreign currency exchange translation effects.

18

Adjusted EBIT

The following chart reflects the change in LATAM Adjusted EBIT by operational driver for the nine months ended September 30, 2017 compared to the same period in 2016.

The increase in LATAM Adjusted EBIT for the nine months ended September 30, 2017 compared to the same period in 2016 was mainly attributable to:

• increase in volumes and favorable vehicle mix; and

• favorable net pricing.

These were partially offset by:

• increase in product costs due to input cost inflation; and

• higher depreciation and amortization related to new vehicles.

Adjusted EBIT for the nine months ended September 30, 2017 excluded total charges of €154 million, of which €77 million related to workforce restructuring costs and €77 million to asset impairment charges resulting from product portfolio changes and to certain real estate assets in Venezuela.

Venezuela

We continue to monitor the currency exchange regulations and other factors in Venezuela to assess whether our ability to control and benefit from our Venezuelan operations has been adversely affected. As of September 30, 2017, we continue to control and therefore consolidate our Venezuelan operations. Due to the political and economic uncertainties in Venezuela, it is possible that we could lose the ability to control, and as a result we would be required to deconsolidate, our Venezuelan operations. In addition, it is possible that our Venezuelan operations may require additional financial support during the remainder of 2017, however no determination has been made as to the nature, amount, or timing of any necessary support.

19

APAC

						Increase/(Decrease)											Increase/(Decrease)
Nine months ended September 30						2017 vs. 2016					Three months ended September 30						2017 vs. 2016
2017			2016			% Actual		% CER			2017			2016			% Actual		% CER
212			170			24.7	%	—		Combined shipments (thousands of units)	66			61			8.2	%	—
61			70			(12.9	)%	—		Consolidated shipments (thousands of units)	23			22			4.5	%	—
€	2,424		€	2,767		(12.4	)%	(11.7	)%	Net revenues (€ million)	€	782		€	861		(9.2	)%	(3.8	)%
€	174		€	75		132.0	%	144.5	%	Adjusted EBIT (€ million)	€	109		€	21		419.0	%	463.2	%
7.2		%	2.7		%	+450 bps		—		Adjusted EBIT margin (%)	13.9		%	2.4		%	n.m.		—

Shipments

For the the three and nine months ended September 30, 2017, consolidated shipments increased due to localized production in India, as well as Alfa Romeo in China, which were largely offset by decreased import shipments of Jeep to China.

For the three and nine months ended September 30, 2017, combined shipments were higher as a result of the continued ramp-up in localized Jeep production through the GAC Fiat Chrysler Automobiles Co. joint venture in China (“GAC FCA JV”).

Three months ended September 30, 2017

Net revenues

The decrease in APAC Net revenues in the three months ended September 30, 2017 compared to the same period in 2016 was primarily due to lower parts and components sales and foreign exchange translation effects.

Adjusted EBIT

The following chart reflects the change in APAC Adjusted EBIT by operational driver for the three months ended September 30, 2017 compared to the same period in 2016.

20

APAC Adjusted EBIT in the three months ended September 30, 2017 increased compared to the same period in 2016 primarily due to:

• insurance recoveries of €87 million relating to the Tianjin (China) port explosions in Q3 2015, included within Other above;

• higher volumes and positive vehicle mix; and

• favorable net pricing.

These were partially offset by:

• higher industrial costs from negative foreign exchange transaction effects; and

• launch costs related to the Alfa Romeo brand.

On August 12, 2015, a series of explosions which occurred at a container storage station at the Port of Tianjin,

China, impacted several storage areas containing approximately 25,000 FCA branded vehicles, of which approximately

13,300 were owned by FCA and approximately 11,400 vehicles were previously sold to our distributor. As a result of the

explosions, nearly all of the vehicles at the Port of Tianjin were affected and some were destroyed. We also incurred the cost of repair and incremental incentives relating to the sale of damaged vehicles.

Insurance recoveries of €155 million were recognized in the three months ended September 30, 2017 relating to the final settlement of the Tianjin (China) port explosions. Insurance recoveries are excluded from Adjusted EBIT to the extent the insured loss to which the recovery relates was excluded from Adjusted EBIT. Insurance recoveries are included in Adjusted EBIT to the extent they relate to costs, increased incentives or business interruption losses that were included in Adjusted EBIT. Through September 30, 2017, insurance recoveries of €68 million were excluded from Adjusted EBIT. For the year ended December 31, 2016, gross insurance recoveries of €70 million were excluded from Adjusted EBIT and no significant insurance recoveries related to Tianjin were recognized in Adjusted EBIT.

Nine months ended September 30, 2017

Net Revenues

The decrease in APAC Net revenues in the nine months ended September 30, 2017 compared to the same period in 2016 was primarily due to lower consolidated shipments, as well as lower parts and components sales.

Adjusted EBIT

The following chart reflects the change in APAC Adjusted EBIT by operational driver for the nine months ended September 30, 2017 compared to the same period in 2016.

21

The increase in APAC Adjusted EBIT in the nine months ended September 30, 2017 compared to the same period in 2016 was primarily attributable to:

• insurance recoveries of €93 million relating to the Tianjin (China) port explosions in Q3 2015, included within Other above;

• favorable vehicle mix, net of lower consolidated shipments; and

• improved results from the GAC FCA JV, included within Other above.

These were partially offset by:

• launch costs mainly related to the Alfa Romeo brand; and

• higher industrial costs from negative foreign exchange transaction effects.

22

EMEA

						Increase/(Decrease)											Increase/(Decrease)
Nine months ended September 30						2017 vs. 2016					Three months ended September 30						2017 vs. 2016
2017			2016			% Actual		% CER			2017			2016			% Actual		% CER
1,020			966			5.6	%	—		Shipments (thousands of units)	285			295			(3.4	)%	—
€	16,615		€	15,880		4.6	%	5.2	%	Net revenues (€ million)	€	4,975		€	5,070		(1.9	)%	(1.0	)%
€	505		€	343		47.2	%	46.1	%	Adjusted EBIT (€ million)	€	127		€	104		22.1	%	20.6	%
3.0		%	2.2		%	+80 bps		—		Adjusted EBIT margin (%)	2.6		%	2.1		%	+50 bps		—

Three months ended September 30, 2017

In the three months ended September 30, 2017, the Group's market share⁽¹⁾ in the European Union for passenger cars increased 10 bps to 6.2 percent from 6.1 percent in the same period in 2016, while the Group's market share for light commercial vehicles decreased by 10 bps to 10.9 percent from 11.0 percent.

Shipments

The decrease in EMEA shipments in the three months ended September 30, 2017 compared to the same period in 2016 was primarily attributable to market conditions in the UK and reduced LCV fleet shipments in Italy due to a non-repeat of a large transaction in the prior year, partially offset by the all-new Jeep Compass and Alfa Romeo Stelvio.

Net revenues

The decrease in EMEA Net revenues in the three months ended September 30, 2017 compared to the same period in 2016 was mainly attributable to:

• lower volumes; and

• unfavorable net pricing, including negative foreign exchange transaction effect from the British Pound sterling.

These were partially offset by:

• positive vehicle mix.

___________________________________________________________________________________________________________________________________

(1) Our estimated market share data is presented based on the European Automobile Manufacturers Association (ACEA) Registration Databases and national Registration Offices databases.     

23

Adjusted EBIT

The following chart reflects the change in EMEA Adjusted EBIT by operational driver for the three months ended September 30, 2017 compared to the same period in 2016.

The increase in EMEA Adjusted EBIT in the three months ended September 30, 2017 compared to the same period in 2016 was primarily attributable to:

• positive vehicle mix; and

• lower industrial costs mainly due to manufacturing and purchasing cost efficiencies, partially offset by increased costs for Alfa Romeo; and

• lower SG&A expenses due to cost containment.

These were partially offset by:

• unfavorable net pricing, including negative foreign exchange transaction effects from the British Pound sterling.

Adjusted EBIT for the three months ended September 30, 2017 excluded total charges of €56 million for asset impairments relating to changes in product portfolio.

24

Nine months ended September 30, 2017

In the nine months ended September 30, 2017, the Group's market share⁽¹⁾ in the European Union for passenger cars increased 20 bps to 6.8 percent from 6.6 percent in the same period in 2016, while the Group's market share for light commercial vehicles increased 10 bps to 11.7 percent from 11.6 percent in the same period in 2016.

Shipments

The increase in EMEA shipments in the nine months ended September 30, 2017 compared to the same period in 2016 was primarily attributable to the Fiat Tipo family, all-new Alfa Romeo Stelvio, all-new Jeep Compass, as well as the Fiat Professional Talento.

Net revenues

The increase in EMEA Net revenues in the nine months ended September 30, 2017 compared to the same period in 2016 was primarily attributable to:

• higher volumes and favorable vehicle mix, mainly driven by the all-new Alfa Romeo Giulia and all-new Alfa Romeo Stelvio.

These were partially offset by:

• negative net pricing, including depreciation of the British Pound sterling.

Adjusted EBIT

The following chart reflects the change in EMEA Adjusted EBIT by operational driver for the nine months ended September 30, 2017 compared to the same period in 2016.

The increase in EMEA Adjusted EBIT in the nine months ended September 30, 2017 compared to the same period in 2016 was primarily attributable to:

• higher volumes and favorable vehicle mix;

• lower industrial costs mainly due to purchasing and manufacturing cost efficiencies, partially offset by higher amortization of development costs and depreciation related to new vehicles; and

• higher results from investments, primarily attributable to FCA Bank.

25

These were partially offset by:

• unfavorable net pricing, related to higher incentives and negative foreign exchange transaction effects.

Adjusted EBIT for the nine months ended September 30, 2017 excluded total asset impairment charges of €56 million relating to planned changes in product portfolio.

Maserati

						Increase/(Decrease)											Increase/(Decrease)
Nine months ended September 30						2017 vs. 2016					Three months ended September 30						2017 vs. 2016
2017			2016			% Actual		% CER			2017			2016			% Actual		% CER
36.0			23.9			50.6	%	—		Shipments (thousands of units)	10.9			10.7			1.9	%	—
€	2,844		€	1,960		45.1	%	47.0	%	Net revenues (€ million)	€	821		€	873		(6.0	)%	(1.6	)%
€	372		€	155		140.0	%	143.4	%	Adjusted EBIT (€ million)	€	113		€	103		9.7	%	12.3	%
13.1		%	7.9		%	+520 bps		—		Adjusted EBIT margin (%)	13.8		%	11.8		%	+200 bps		—

Three months ended September 30, 2017

Shipments

For the three months ended September 30, 2017, Maserati shipments increased against the same period in 2016, with higher Levante volumes largely offset by lower Quattroporte volumes.

Net revenues

The decrease in Maserati Net revenues in the three months ended September 30, 2017 compared to the same period in 2016 was primarily due to:

• negative foreign exchange effects; and

• lower volumes to China.

These were partially offset by

• higher volumes in the rest of Asia.

Adjusted EBIT

The increase in Maserati Adjusted EBIT in the three months ended September 30, 2017 compared to the same period in 2016 was primarily due to:

• lower industrial costs.

This was partially offset by:

• negative foreign exchange effects.

Nine months ended September 30, 2017

Shipments

The increase in Maserati shipments in the nine months ended September 30, 2017 compared to the same period in 2016 was primarily attributable to the all-new Levante. Maserati shipments increased in the following key markets: Europe (+58.0 percent), China (+57.5 percent) and North America (+40.1 percent).

26

Net revenues

The increase in Maserati Net revenues in the nine months ended September 30, 2017 compared to the same period in 2016 was primarily due to higher shipments partially offset by negative foreign exchange effects.

Adjusted EBIT

The increase in Maserati Adjusted EBIT in the nine months ended September 30, 2017 compared to the same period in 2016 was primarily due to the increase in shipments and favorable mix, partially offset by negative foreign exchange effects.

Components

						Increase/(Decrease)											Increase/(Decrease)
Nine months ended September 30						2017 vs. 2016					Three months ended September 30						2017 vs. 2016
2017			2016			% Actual		% CER			2017			2016			% Actual		% CER
€	7,599		€	7,139		6.4	%	5.7	%	Net revenues (€ million)	€	2,413		€	2,390		1.0	%	3.1	%
€	375		€	309		21.4	%	22.0	%	Adjusted EBIT (€ million)	€	127		€	112		13.4	%	16.6	%
4.9		%	4.3		%	+60 bps		—		Adjusted EBIT margin (%)	5.3		%	4.7		%	+60 bps		—

Three months ended September 30, 2017

Net revenues

Net revenues in the three months ended September 30, 2017 were consistent compared to the same period in 2016, mainly due to higher volumes across all three businesses (Magneti Marelli, Comau and Teksid), partially offset by foreign exchange translation effects.

Adjusted EBIT

The increase in Adjusted EBIT in the three months ended September 30, 2017 compared to the same period in 2016 was primarily related to industrial efficiencies resulting from World Class Manufacturing initiatives at Magneti Marelli.

Adjusted EBIT for the three months ended September 30, 2017 excludes a net gain of €21 million, primarily related to net gains arising on the disposal of certain operating facilities.

Nine months ended September 30, 2017

Net revenues

The increase in Net revenues in the nine months ended September 30, 2017 compared to the same period in 2016 was mainly due to higher volumes from all three businesses (Magneti Marelli, Comau and Teksid).

Adjusted EBIT

The increase in Adjusted EBIT in the nine months ended September 30, 2017 compared to the same period in 2016 was primarily due to higher volumes and industrial efficiencies, partially offset by unfavorable mix.

Adjusted EBIT for the nine months ended September 30, 2017 excludes charges of €19 million, primarily related to the resolution of certain long-standing legal matters, net of gains from the disposal of certain operating facilities.

27

Liquidity and Capital Resources

Available Liquidity

The following table summarizes our total available liquidity:

(€ million)	At September 30, 2017		At December 31, 2016
Cash, cash equivalents and current securities(1)	€	11,950	€	17,559
Undrawn committed credit lines(2)	7,597		6,242
Available liquidity(3)	€	19,547	€	23,801

____________________________________________________________________________________________________

(1) Current securities are comprised of short term or marketable securities which represent temporary investments that do not satisfy all the requirements to be classified as cash equivalents as they may not be readily convertible to cash, or they are subject to significant risk of change in value (even if they are short-term in nature or marketable).

(2) Excludes the undrawn €0.2 billion long-term dedicated credit lines available to fund scheduled investments at September 30, 2017 (€0.3 billion was undrawn at December 31, 2016).

(3) The majority of our liquidity is available to our treasury operations in Europe and U.S; however, liquidity is also available to certain subsidiaries which operate in other areas. Cash held in such countries may be subject to restrictions on transfer depending on the foreign jurisdictions in which these subsidiaries operate. Based on our review of such transfer restrictions in the countries in which we operate and maintain material cash balances, we do not believe such transfer restrictions had an adverse effect on the Group’s ability to meet its liquidity requirements at the dates above.

Available liquidity at September 30, 2017 decreased €4.3 billion from December 31, 2016, primarily as a result of (i) the U.S.$1,826 million (€1,721 million) of cash used for the voluntary prepayment of the outstanding principal and accrued interest of FCA US's tranche B term loan maturing May 24, 2017 (the “Tranche B Term Loan due 2017”), (ii) the repayment of two notes at maturity, one with a principal amount of €850 million and one with a principal amount of €1,000 million, (iii) the repayment of other long-term debt for €1.2 billion and (iv) negative foreign exchange translation effects of €1.1 billion, which were partially offset by (v) the increase of the Group's syndicated revolving credit facility of €1.25 billion, as described below. Our available liquidity is subject to intra-month and seasonal fluctuations resulting from business and collection-payment cycles as well as to changes in foreign exchange conversion rates. Refer to the section —Cash Flows below for additional information regarding the change in cash and cash equivalents.

Our liquidity is principally denominated in U.S. Dollar and in Euro, with the remainder being distributed in various countries and denominated in the relevant local currencies. Out of the total cash, cash equivalents and current securities available at September 30, 2017, €7.0 billion, or 58.6 percent, were denominated in U.S. Dollar (€9.8 billion, or 55.7 percent, at December 31, 2016) and €2.0 billion, or 16.7 percent, were denominated in Euro (€3.3 billion, or 18.8 percent, at December 31, 2016).

Capital Market and Other Financing Transactions

FCA US Tranche B Term Loans

On February 24, 2017, FCA US prepaid the outstanding principal and accrued interest for its Tranche B Term Loan due 2017. The prepayment of U.S.$1,826 million (€1,721 million) was made with cash on hand and did not result in a material loss on extinguishment.

On April 12, 2017, FCA US amended the credit agreement that governs its tranche B term loan maturing on December 31, 2018 (the “Tranche B Term Loan due 2018”). The amendment reduced the applicable interest rate spreads by 0.50 percent per annum and reduced the LIBOR floor by 0.75 percent per annum to 0.00 percent. In addition, the base rate floor was eliminated. As a result, the Tranche B Term Loan due 2018 bears interest, at FCA US's option, either at a base rate plus 1.0 percent per annum or at LIBOR plus 2.0 percent per annum. FCA US may refinance or re-price the Tranche B Term Loan due 2018 without premium or penalty.

Revolving Credit Facilities

In March 2017, the Group amended its syndicated revolving credit facility originally signed in June 2015 (as amended, the “RCF”). The amendment increased the RCF from €5.0 billion to €6.25 billion and extended the RCF’s final maturity to March 2022. The RCF, which is available for general corporate purposes and for the working capital needs of the Group, is structured in two tranches: €3.125 billion, with a 37-month tenor and two extension options of 1-year and of 11-months exercisable on the first and second anniversary of the amendment signing date, respectively, and €3.125 billion, with a 60-month tenor. The amendment was accounted for as a debt modification and, as a result, the remaining unamortized debt

28

issuance costs related to the original €5.0 billion RCF and the new costs associated with the amendment will be amortized over the life of the amended RCF.

At September 30, 2017, undrawn committed credit lines totaling €7.6 billion included the €6.25 billion RCF and more than €1.3 billion of other revolving credit facilities. At December 31, 2016, undrawn committed credit lines totaling €6.2 billion included the €5.0 billion RCF and approximately €1.2 billion of other revolving credit facilities.

Fiat Chrysler Finance US Inc.

On March 6, 2017, Fiat Chrysler Finance US Inc. (“FCF US”), a finance subsidiary, was incorporated under the laws of Delaware and became an indirect, 100 percent owned subsidiary of the Company. On May 9, 2017, FCF US registered debt securities with the SEC pursuant to the filing of an automatically effective shelf registration statement on Form F-3. If FCF US issues debt securities, they will be fully and unconditionally guaranteed by the Company. No other subsidiary of the Company will guarantee such indebtedness.

Medium Term Note (“MTN”) Programme

In March 2017, the Group repaid a note at maturity with a principal amount of €850 million and in June 2017, the Group repaid a note at maturity with a principal amount of €1,000 million.

Canada Health Care Trust Notes

During the three months ended September 30, 2017, FCA US's Canadian subsidiary prepaid all scheduled payments due on the Canada HCT Tranche B Note, including accrued interest, of €226 million. The prepayment was accounted for as a debt extinguishment, and as a result, a gain on extinguishment of €9 million was recorded within Net financial expenses in the Interim Condensed Consolidated Income Statements for the three and nine months ended September 30, 2017.

Cash Flows

The following table summarizes the cash flows from operating, investing and financing activities for the nine months ended September 30, 2017 and 2016. Refer to our Interim Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2017 and 2016 included elsewhere in this Interim Report for additional detail.

	Nine months ended September 30
(€ million)	2017			2016
Cash flows from operating activities	€	6,569		€	5,522
Cash flows used in investing activities	(6,512		)	(6,025		)
Cash flows used in financing activities	(4,557		)	(3,229		)
Translation exchange differences	(1,065		)	(304		)
Total change in cash and cash equivalents	(5,565		)	(4,036		)
Cash and cash equivalents at beginning of the period	17,318			20,662
Cash and cash equivalents at end of the period	€	11,753		€	16,626

Operating Activities

For the nine months ended September 30, 2017, cash flows from operating activities were the result of Net profit of €2,706 million primarily adjusted: (1) to add back €4,524 million for depreciation and amortization expense, in addition to €704 million of net decrease in deferred tax assets mainly related to LATAM (refer to Note 5, Tax Expense, in the Interim Condensed Consolidated Financial Statements included elsewhere in this Interim Report), and (2) for the negative effect of the change in working capital of €1,190 million, which was primarily driven by (i) an increase of €2,307 million in inventories mainly due to the launch of new models in EMEA, volume increases in LATAM and Maserati and inventory build-up for the launch of Alfa Romeo in APAC, (ii) an increase of €211 million in trade receivables which were partially offset by (iii) an increase of €1,160 million in trade payables mainly due to increased production volumes in NAFTA as compared to year-end December 2016, and (iv) an increase of €168 million in other payables and receivables.

29

For the nine months ended September 30, 2016, cash flows from operating activities were primarily the result of (i) Net profit of €1,405 million adjusted to add back depreciation and amortization expense of €4,462 million, (ii) a net increase of €720 million in provisions mainly due to the increase in the warranty provision in NAFTA for recall campaigns related to an industry wide recall for airbag inflators resulting from parts manufactured by Takata, as well as estimated costs for a planned recall for which there is ongoing litigation with a component supplier, net of pension contributions in the U.S. and Canada of €406 million, which were partially offset by (iii) the negative effect of the change in working capital of €1,261 million primarily driven by (a) €1,138 million increase in inventories, mainly related to the increased production of new vehicle models in EMEA and Maserati, (b) €180 million decrease of trade payables, mainly related to lower volumes of production in EMEA and NAFTA in the three months ended September 30, 2016 and (c) €86 million increase in trade receivables, which were partially offset by (d) €143 million increase in net other current assets and liabilities.

Investing Activities

For the nine months ended September 30, 2017, cash used in investing activities was primarily the result of €6,482 million of capital expenditures, including €1,942 million of capitalized development expenditures. An increase in the portfolio of financial services companies of €234 million, mainly attributed to increased dealer and retail financing in APAC, partially offset by the proceeds received of €144 million from the sale of the investment in CNH Industrial N.V. (“CNHI”), which was recognized in the Change in securities line item within the Statement of Cash Flows (refer to Note 14, Fair Value Measurement, in the Interim Condensed Consolidated Financial Statements included elsewhere in this Interim Report).

For the nine months ended September 30, 2016,cash used in investing activities was primarily the result of (i) €5,894 million of capital expenditures, including €1,794 million of capitalized development costs to support investments in existing and future products mainly related to the operations in NAFTA and EMEA and (ii) a total of €102 million for investments in joint ventures, associates and unconsolidated subsidiaries which primarily related to an additional investment in the GAC FCA JV.

Financing Activities

For the nine months ended September 30, 2017, cash used in financing activities was primarily the result of (i) the voluntary prepayment of the outstanding principal and accrued interest of U.S.$1,826 million (€1,721 million) of the FCA US Tranche B Term Loan due 2017 and (ii) the repayment at maturity of two notes under the MTN Programme, one with a principal amount of €850 million and one with a principal amount of €1,000 million, (iii) the prepayment of the remaining scheduled payments of the Canada Health Care Trust Tranche B Note for a total of €226 million and the net repayment of other debt, primarily in Brazil.

For the nine months ended September 30, 2016,cash used in financing activities was primarily the result of (i) the voluntary prepayment of principal on the FCA US Tranche B Term Loans of U.S.$2.0 billion (€1.8 billion), (ii) the repayment at maturity of a note issued under the GMTN Programme for a total principal amount of €1,000 million, (iii) the prepayment of the remaining scheduled payments of the Canada Health Care Trust Tranche C Note for a total of €101 million and (iv) repayments of other medium-term borrowings of €1,690 million, which were partially offset by (v) proceeds from the issuance of notes under the GMTN Programme for a total principal amount of €1,250 million and (vi) proceeds from new medium-term borrowings for a total of €787 million.

Net debt and Net industrial debt

Due to different sources of cash flows used for the repayment of the financial debt between industrial activities and financial services (by cash from operations for industrial activities and by collection of financial receivables for financial services) and the different business structure and leverage implications, we provide a separate analysis of Net debt between industrial activities and financial services.     

The division between industrial activities and financial services represents a sub-consolidation based on the core business activities (industrial or financial services) of each Group company. The sub-consolidation for industrial activities also includes companies that perform centralized treasury activities, such as raising funding in the market and financing Group companies, but do not, however, provide financing to third parties. Financial services includes companies that provide retail and dealer financing as well as leasing and rental services in support of the mass-market vehicle brands in certain

30

geographical segments and for the Maserati luxury brand. In addition, activities of financial services include providing factoring services to industrial activities, as an alternative to factoring from third parties. Operating results of such financial services activities are included within the respective region or sector in which they operate.

Net industrial debt (i.e., Net debt of industrial activities) is management’s primary measure for analyzing our financial leverage and capital structure and is one of the key targets used to measure our performance. Net industrial debt is computed as: debt plus derivative financial liabilities related to industrial activities less (i) cash and cash equivalents, (ii) current available-for-sale and held-for-trading securities, (iii) current financial receivables from Group or jointly controlled financial services entities and (iv) derivative financial assets and collateral deposits; therefore, debt, cash and cash equivalents and other financial assets/liabilities pertaining to financial services entities are excluded from the computation of Net industrial debt. Net industrial debt should not be considered as a substitute for cash flows or other financial measures under IFRS; in addition, Net industrial debt depends on the amount of cash and cash equivalents at each balance sheet date, which may be affected by the timing of monetization of receivables and the payment of accounts payable, as well as changes in other components of working capital, which can vary from period to period due to, among other things, cash management initiatives and other factors, some of which may be outside of the Group’s control. Net industrial debt should therefore be evaluated alongside these other measures as reported under IFRS for a complete view of the Company’s capital structure and liquidity.

The following table summarizes our Net debt and Net industrial debt at September 30, 2017 and December 31, 2016 and provides a reconciliation of Debt, the most directly comparable measure included in our Consolidated Statement of Financial Position, to Net debt.

	At September 30, 2017									At December 31, 2016
(€ million)	Industrial Activities			Financial Services			Consolidated			Industrial Activities			Financial Services			Consolidated
Third party debt (principal)	€	(17,340	)	€	(1,328	)	€	(18,668	)	€	(22,499	)	€	(1,535	)	€	(24,034	)
Capital market(1)	(9,875		)	(441		)	(10,316		)	(12,055		)	(417		)	(12,472		)
Bank debt	(6,444		)	(779		)	(7,223		)	(9,026		)	(733		)	(9,759		)
Other debt(2)	(1,021		)	(108		)	(1,129		)	(1,418		)	(385		)	(1,803		)
Accrued interest and other adjustments(3)	34			(6		)	28			(11		)	(3		)	(14		)
Debt	(17,306		)	(1,334		)	(18,640		)	(22,510		)	(1,538		)	(24,048		)
Intercompany, net(4)	763			(763		)	—			627			(627		)	—
Current financial receivables from jointly-controlled financial services companies(5)	177			—			177			80			—			80
Debt, net of intercompany and current financial receivables from jointly-controlled financial services companies	(16,366		)	(2,097		)	(18,463		)	(21,803		)	(2,165		)	(23,968		)
Derivative financial assets/(liabilities), net and collateral deposits(6)	165			35			200			(144		)	(6		)	(150		)
Current Available-for-sale and Held-for-trading-securities	197			—			197			204			37			241
Cash and cash equivalents	11,599			154			11,753			17,167			151			17,318
Debt classified as held for sale	—			—			—			(9		)	—			(9		)
Total Net debt	€	(4,405	)	€	(1,908	)	€	(6,313	)	€	(4,585	)	€	(1,983	)	€	(6,568	)

____________________________________________________________________________________________________

(1) Includes notes (€9,859 millionat September 30, 2017 and €12,055 million at December 31, 2016) and other debt instruments (€457 million at September 30, 2017 and €417 million at December 31, 2016) issued in financial markets, mainly from LATAM financial services companies.

(2) Includes the Canada Health Care Trust (“HCT”) notes (€0 million at September 30, 2017 and €261 million at December 31, 2016), asset backed financing, (i.e., sales of receivables for which de-recognition is not allowed under IFRS) (€112 million at September 30, 2017 and €411 million at December 31, 2016), arrangements accounted for as a lease under IFRIC 4-Determining whether an arrangement contains a lease, and other financial payables.

(3) Includes adjustments for fair value accounting on debt and net (accrued)/deferred interest as well as other amortizing cost adjustments.

(4) Net amount between industrial activities entities' financial receivables due from financial services entities (€931 million at September 30, 2017 and €755 million at December 31, 2016) and industrial activities entities' financial payables due to financial services entities (€168 million at September 30, 2017 and €128 million at December 31, 2016).

(5) Financial receivables due from FCA Bank.

(6) Fair value of derivative financial instruments (net positive €63 million at September 30, 2017 and net negative €218 million at December 31, 2016) and collateral deposits (€137 millionat September 30, 2017 and €68 million at December 31, 2016).

31

At September 30, 2017, Net debt of €6,313 million was €255 million lower than Net debt of €6,568 million at December 31, 2016. Net debt from industrial activities decreased by €180 million reflecting the €144 million proceeds received from the sale of the investment in CNHI and Cash flow from operations of  €6.5 billion that fully offset the capital expenditures in the period (refer to -Cash Flows - Operating Activities, above).

Net debt from financial services decreased by €75 million, due to foreign exchange translation effects. At CER, net debt from financial services increased by €56 million, as a consequence of growing dealer and retail financing in APAC, partly offset by the reduction of the financing activity in Europe.

32

Risks and Uncertainties

Except as noted below, the Group believes that the risks and uncertainties identified for the nine months ended September 30, 2017 are in line with the main risks and uncertainties to which the Group is exposed and that were identified and discussed in Item 3D of the Group's Form 20-F for the year ended December 31, 2016 filed with the SEC on February 28, 2017, and the Annual Report for the year ended December 31, 2016 filed with the AFM also on February 28, 2017 and the Semi-Annual Report as of and for the three and six months ended June 30, 2017 filed with the SEC on July 31, 2017. Those risks and uncertainties should be read in conjunction with this Interim Report.

Regarding the risk factor, We are subject to risks relating to international markets and exposure to changes in local conditions and trade policies, as well as economic, geopolitical or other events, the Group adds the following:

“In late July 2017, the Brazilian tax authorities issued an instruction that could affect our ability to apply federal tax credits generated in certain operations to offset federal taxes arising from other operations. While it is more likely than not that there will be no significant impact from this particular instruction, given the current economic conditions in Brazil, new tax laws may be introduced or changes to the application of existing tax laws may occur that could have a material adverse effect on our business, financial condition and results of operations.”

Regarding the risk factor, Laws, regulations and governmental policies, including those regarding increased fuel economy requirements and reduced greenhouse gas emissions, have a significant effect on how we do business and may adversely affect our results of operations, the Group adds the following:

“In September 2017, China’s Ministry of Industry and Information Technology released administrative rules regarding corporate average fuel consumption (“CAFC”) and new energy vehicle (“NEV”) credits that will become effective on April 1, 2018. Non-compliance with the CAFC or NEV targets in these administrative rules can be offset through carry-forward CAFC credits, transfer of CAFC credits within affiliates, or the purchase of NEV credits, however the market availability and pricing of these credits is unclear at this time. In addition, Chinese regulators may, in the future, retroactively apply the CAFC requirements and penalties to 2016 and 2017 calendar years through the issuance of a separate order. If we are unable to comply with these requirements and offset the deficit, our sales or production of new vehicles that fail to meet CAFC targets could be suspended until we recover the credit deficit. Although we continue to evaluate their specific impact, these regulations could materially adversely affect our business, financial condition and results of operations.”

Outlook

The Group confirms full-year guidance for 2017:

Net revenues	€115 - €120 billion
Adjusted EBIT	> €7.0 billion
Adjusted net profit	> €3.0 billion
Net industrial debt	< €2.5 billion

33

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AND NOTES AS OF AND FOR THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2017

34

FIAT CHRYSLER AUTOMOBILES N.V. AND SUBSIDIARIES

INTERIM CONDENSED CONSOLIDATED INCOME STATEMENT

(in € million, except per share amounts)

(Unaudited)

		Three months ended September 30				Nine months ended September 30
	Note	2017		2016		2017		2016
Net revenues	3	€	26,414	€	26,836	€	82,058	€	81,299
Cost of revenues		22,280		22,971		69,363		69,928
Selling, general and other costs		1,712