Fiat Chrysler Net Profit Slumps 40% – Wall Street Journal

Posted: Wednesday, January 27, 2016

MILAN—Fiat Chrysler Automobiles NV reported a drop in fourth-quarter profit as one-time items cut into the Italian-American car maker’s bottom line, which together with relatively modest forecasts for this year accentuated doubts about the company’s chances of reaching its 2018 financial targets.

Net profit for the three months ended Dec. 31 fell to €251 million ($272.9 million), compared with €420 million in the year-earlier period….

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