Deals
Fiat First-Quarter Profit Falls on Chrysler Earnings Decline
This article is for subscribers only.
Fiat SpA, the Italian automaker that controls Chrysler Group LLC, said first-quarter profit fell 23 percent on costs for new Jeep model rollouts.
Trading profit, or earnings before interest, taxes and one-time items, declined to 618 million euros ($809 million) from 806 million euros a year earlier, the Turin, Italy-based company said today. That missed the 691 million-euro average of six analyst estimates compiled by Bloomberg.