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Fiat says third-quarter net profit rises 11% to 189 mn euros

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(Globalpost/GlobalPost)

Fiat said Wednesday its net profit rose by 11 percent to 189 million euros ($260 million) in the third quarter, but lowered its 2013 earnings target.

The company, which also owns US automaker Chrysler, said it now expected a net profit of between 900 million and 1.2 billion euros for this year, down from the range 1.2-1.5 billion euros it had signalled earlier.

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http://www.globalpost.com/dispatch/news/afp/131030/fiat-says-third-quarter-net-profit-rises-11-189-mn-euros