Fiat Chrysler's Profit Jumps

Aug 11, 2015 1638

Fiat Chrysler Automobiles NV reported a two-thirds jump in second-quarter profit on Thursday as the Italian-American car maker showed strong improvement in its North America margins and consolidated a timid turnaround in Europe.

Net profit rose 69% to €333 million ($366 million) in the second quarter compared with €197 million in the same period last year. Revenue advanced 25% to €29.23 billion. Fiat Chrysler's operating margin in North American, which has long lagged behind that of its two Detroit rivals, more than doubled from the second quarter to 7.7%. 

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