Fiat Chrysler sees uptick despite slowdown
Italian American carmaker’s profits come in as expected due to strong performance in North American market
31 July 2019 - 15:43
Milan — Fiat Chrysler (FCA) took the market by surprise by sticking to its full-year profit guidance on Wednesday after a strong performance from its RAM pick-up brand in North America helped it to defy an industry slowdown.
A broad-based auto sales downturn has rattled the sector, forcing FCA’s competitors — including Renault, Daimler and Aston Martin — to cut their sales forecasts after second-quarter results, while US carmaker Ford gave a weaker-than-expected 2019 profit outlook...
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