Fiat Chrysler Automobiles NV posted record operating profits in the third-quarter, riding a surge in demand for expensive pickups and a rebound in the U.S. auto market, where dealers are straining to keep inventories in stock.
The Italian-American auto maker reported net profit of €1.2 billion ($1.4 billion) for the third-quarter Wednesday, compared with a €179 million ($200 million) loss a year ago, as many of the company’s plants resumed production this summer and buyers began returning to showrooms after widespread pandemic-related…