Fiat Chrysler Sees Profits Topping Ford's With New Truck Models
- Automaker keeps long-held target as quarterly margin improves
- Ford taking a cue from Marchionne by cutting cars for SUVs
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Fiat Chrysler Automobiles NV reaffirmed ambitious 2018 financial targets set by its outgoing CEO as a fruitful shift to pickups and SUVs may boost profits beyond those of bigger Ford Motor Co.
Adjusted earnings before interest and taxes will climb to at least 8.7 billion euros ($10.8 billion) this year, at the lower end of a profit range targeted in a five-year business plan. That would top Ford’s projected Ebit of as much as $9.2 billion.