Fiat Chrysler Profit Doubles on Lower Costs – Wall Street Journal

Posted: Thursday, January 26, 2017

Fiat Chrysler Automobiles NV on Thursday said fourth-quarter net profit doubled from a year earlier and gave a rosy outlook for 2017, forecasting that its closely watched debt should be cut by almost half.

Chief Executive Sergio Marchionne was upbeat about moves that President Donald Trump has promised will favor U.S. manufacturers, including a corporate tax cut and less regulations, though the executive said the company‚Äôs plans…

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