Fiat CEO Predicts Record Profit in 2020 Even Without PSA Tie-Up

  • CEO Mike Manley sees record 7 billion-euro profit in 2020
  • Automaker won’t meet some planned financial targets next year

Photographer: Justin Sullivan/Getty Images

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Fiat Chrysler Automobiles NV predicted record operating profit next year, possibly its last as an independent company before a planned merger with France’s PSA Group.