Italian carmaker Fiat, which controls Chrysler LLC, has lowered its 2013 earnings targets after reporting a third-quarter loss it blamed on Europe's weak market.
October 30, 2013 at 12:00 AM
1 minute read
Italian carmaker Fiat, which controls Chrysler LLC, has lowered its 2013 earnings targets after reporting a third-quarter loss it blamed on Europe’s weak market.
The mass-market carmaker on Wednesday said it had made a loss of $20 million, down from a restated $41 million loss in the same period last year. Net profit including assets not wholly owned by Fiat rose 10 percent to $260 million, from $235 million in the same period last year.
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