Managing Automotive

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Managing Automotive

FCA earns $1.4B on 2Q global profits

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FCA earns $1.4B on 2Q global profits

Fiat Chrysler Automobiles NV said its net profit nearly tripled from a year ago to a record 1.2 million euros ($1.4 billion) on strong results in its international regions as well as from Maserati and its components business.  The gains came on flat revenue.  “It was a strong quarter,” Chief Financial Officer Richard Palmer said in a call with analysts and investors. “With the progress we’ve made in the first half of the year, we are confirming our full-year guidance.”

[Detroit News]

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