Fiat Chrysler Swings to Small Profit – Wall Street Journal

Fiat Chrysler Automobiles NV swung to a net profit in its first quarter with Chief Executive Sergio Marchionne using the occasion to argue forcefully for industry consolidation while insisting his company isn’t for sale.

The Italian-American car manufacturer earned €92 million ($101 million) in the first three months of the year, a fraction of the €2.9 billion profit reported for the same period on the same day by larger rival…