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Fiat Chrysler's profit rises ahead of Peugeot merger

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Fiat Chrysler fourth-quarter lifted by North America business to meet expectations

MILAN: Fiat Chrysler posted a 7per cent rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it heads into a merger with France's PSA .

A trader said Fiat Chrysler results were"a touch above" expectations and the carmaker's shares in Milan were up 3.4per cent at 1300 GMT following the results. Chief Executive Mike Manley said last month that talks with PSA were progressing well and that he hoped to complete the deal by early 2021.FCA reiterated its plan to boost adjusted EBIT to above 7 billion euros this year.

 

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