Fiat Q2 trading profit beats forecasts

Newswire

MILAN, July 31 (Reuters) - Italian automaker Fiat said on Tuesday its second quarter trading profit came in at 1 billion euros, beating expectations as it was bolstered by soaring sales at its U.S. unit Chrysler and narrowing losses in Europe. In Europe, where mass-market automakers are waging a bruising battle with plummeting auto sales and shrinking margins, Fiat's trading loss narrowed to 138 million euros from a loss of 207 million euros in the first quarter of 2012. ...

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