Fiat Boosts Profit Target as Jeeps Fuel Second-Quarter Gain

  • U.S. plants to drop cars to focus on Jeep and Ram vehicles
  • CEO Marchionne confident on reaching 2018 profit targets

Fiat Chrysler Automobiles NV raised its 2016 profit forecast after earnings in the second quarter rose 16 percent on demand for Jeep sport utility vehicles.

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