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VOL. 40 | NO. 30 | Friday, July 22, 2016

Fiat Chrysler raises outlook as Q2 profits jump 25 percent

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MILAN (AP) — Fiat Chrysler Automobiles raised its revenue forecasts after reporting a 25 percent increase in second-quarter profits as SUV and truck sales offset the impact of slumping demand for passenger cars in North America.

FCA said Wednesday that net profit was 321 million euros ($352 million), compared with 257 million euros a year earlier. Last year's second-quarter profits were restated to reflect the spin-off of Ferrari.

The carmaker said it was raising its revenue forecast to above 112 billion euros from 110 billion euros.

North American sales volumes were lower than last year due to fewer sales of compact and mid-size sedans, but improved truck and SUV sales helped boost revenues by 2 percent to nearly 17 billion euros.

European sales volumes were up 13 percent, helped by the Tipo family.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0