Fiat Chrysler’s Profit Jumps on Strong North American Performance – Wall Street Journal

Fiat Chrysler Automobiles NV said its first-quarter net profit rose to €478 million ($539 million) as North American consumers snapped up the auto maker’s higher-priced sport-utility vehicles and pickup trucks.

The results suggest Chief Executive Sergio Marchionne’s plan to turn the U.S. market into a big-vehicle profit machine may be paying off. He has already curtailed some car production in favor of pushing out more Jeep SUVs….

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