Fiat CEO Marchionne Says First-Quarter Profit to Climb on U.S.
This article is for subscribers only.
Fiat SpA Chief Executive Officer Sergio Marchionne predicted first-quarter earnings will rise amid “strong” industrywide demand this month in the U.S., the home market of the Italian carmaker’s Chrysler division.
Business in the U.S. is going well, while the Brazilian market is “choppy,” Marchionne said today in Geneva. European losses are likely to narrow this year, even with extra investment in new models, he said.