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Fiat Chrysler Post Record Third-Quarter Profits, Reinstates Full-Year Guidance

by Bioreports
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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…

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