Fiat Shares Drop on Investor Skepticism Over Growth Targets
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Fiat SpA Chief Executive Officer Sergio Marchionne has an ambitious five-year plan to more than double profit and increase annual deliveries 61 percent. Investors aren’t buying it.
Fiat shares fell 12 percent, the most in more than 2 1/2 years, on skepticism that the CEO will be able to meet the 2018 targets he laid out during an investor presentation yesterday.