moparnut
Administrator
This morning, Fiat Chrysler Automobiles (FCA) reported a better-than-expected rise in first-quarter operating profits, thanks to a strong performance in North America. Volume was below expectations, due to shortfallsin Latin America and the Asia-Pacific region. The world’s seventh-largest carmaker reportedadjusted operating profit rose from $789 million in Q1 2015 to to $1.55 billion.Sales rose by 3%, to nearly $30 billion. Net industrial debt rose from $5.6 billion to$7.4 billion over three months; the company blamedseasonaland currency […]
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