Fiat Chrysler's Q4 earnings meet Wall Street expectations, stock moves up 3% pre-market
The automaker cited strong sales in the pickup-truck-mad US market as a key driver.Fiat Chrysler Automobiles said its operating profit matched expectations in the fourth quarter, boosted by strong North American business and better results in Latin America, as it heads to a merger with Peugeot.
The Italian American carmaker said on Thursday its adjusted earnings before interest and tax grew 7.1% to 2.12 billion euros in the final quarter of 2019.In a statement, FCA highlighted strong pickup-truck sales in the US, a $7.2-billion deal to unload its Magneti Marelli partsmaker, and a new four-year contract with the United Auto Workers union, following a challenging 50-day strike against General Motors and the successful new contract with Ford.
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